Tax Time

Some smart aleck once said that the two most effective reforms would be to require every elected official to send their kids to public school and to fill out their taxes without any outside assistance.

The second part of that point is reinforced today by the story of Treasury Secretary Geithner’s tax problems — he failed to pay a portion of his taxes during his term at the IMF and had a housekeeper who was briefly out-of-status.

The point here is that the head of the New York Fed and presumptive Treasury Secretary, using an accountant, can’t properly understand the tax code. What are mere mortals supposed to do?