Tuesday, May 24, 2011

Tax Free?

The Government Accountability Office, now that's an oxymoron and the scientific community is united in that fact, reports --

Thousands of companies that cashed in on President Barack Obama's economic stimulus package owed the government millions in unpaid taxes.

The GAO said at least 3,700 government contractors and nonprofit organizations that received more than $24 billion from the stimulus effort owed $757 million in back taxes as of Sept. 30, 2009, the end of the budget year.

I suppose that doesn't qualify as stimulus money being misspent.

Congress, naturally, is going to hold a hearing.

Interestingly, it's still less than the $962 million, at last count, in back taxes owed by federal employees.


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