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September 15, 2008

Rangel's Taxes Keep Turning Up Mangled

2008_09_rangel.jpgWith his financial records under the public microscope after revelations of a tangled web of personal finances including not paying rental taxes on a Dominican villa for twenty years, Representative Charles Rangel has now revealed that he has discovered more inaccuracies while going over his returns from years past. Among them are omitting any mention of the sale of a home he once had in Washington DC for the last 10 years and dollar amounts related to investment funds and properties that according to the Post "fluctuate from year to year, and even from page to page."

Rangel claims that he just discovered the errors and that once an accounting expert performs a "thorough, independent review," he will publicly release his tax returns from the past 20 years. Rangel continues to defend himself that since these are all errors of omission that he has "done nothing to dishonor myself, my colleagues, or this House." He also refuses to entertain the idea that he will have to step down as chairman of the tax-writing House Ways and Means Committee.

Today's Daily News also reveals that Rangel tried to assist the Yankees in their attempts at finding creative ways to skirt taxes after the team sent him secret letters asking for assistance.

Rangel tried to help the Yankees save $66 million by lobbying the IRS to grant the team a tax-exemption on $350 million in bonds that were needed in additional funding as costs on construction of the team's new stadium rose. The IRS has thus far rejected Rangel's request after granting the team a $942 million exception on bonds in 2006. The paper notes that during the same time of the lobbying for the Yankees, Rangel received a spike in thousands of dollars in campaign donations from the team's legal counsel.

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Comments (6) [rss]

ass

 

What an utterly joke. Is there any politicians who's NOT corrupt in some way or another?

Politicians are either cheating or corrupt.

 

He's a typical liberal Democrat. Yet, it's "move on people, nothing to see here" . Usual stuff.

What's scary is the he presides over tax laws for tax-payers like me. Himself excluded, of course.

 

He's just an old Harlem politician( with a
process) let him spend his life being the ghost
Of Adam C. Powell when pooh hits the fan.
Rangel got less flak when he called for the resumption of the military draft I guess if
we take on Russia .Iran.The Taliban and China
with the Republicans in the White house Rangel
will be remembered as a futurist when the
draft retirns and the Iphone/spring water kids
have to serve for 2 years.

 

loathsome hypocrite

 

Resign already.

 
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