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Schwarzenegger's tax lien terminated

California is still coping with shaky state finances, but its chief executive is in much better fiscal shape today.

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Gov. Arnold Schwarzenegger's promise that he'd be back in the good graces of the IRS came true Friday afternoon when the feds cleared the $79,064 lien they had filed in connection with Ahnold's personal tax returns. 

Schwarzenegger had always maintained that he had paid Uncle Sam and that the apparent overdue taxes -- $39,047.20 from 2004 and $40,016.80 from 2005 -- were the result of "a minor paperwork tracking discrepancy."

It seems that the explanation was indeed the true truth, not True Lies. (Sorry. I know it's a stretch, but I couldn't resist.)

A Schwarzenegger spokesman said the problem was a computer glitch on the governator's payroll tax filings for the two years in question.

But the Golden State's top official didn't get off completely. Schwarzenegger was charged $20.50 for administrative fees.

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Wes Masters

Hilarious that they still charged the guy $20!

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