Results tagged “unreportedincome”

Just now, Representative Charles Rangel, who is also the chairman of the House's Ways and Means Committee, gave a press conference to discuss his rent-stabilized apartments, forgetting to pay taxes on rental income on his villa in the Dominican Republic, and using Congressional letterhead to solicit donations for a City College center named after him. With his homespun wisdom and bowtie, Rangel claimed ignorance about the rental income situation in the D.R. (he said he called for more info, but they kept talking Spanish!), blamed the Republicans in Congress for being overly partisan and said he'll weather through it.

Representative Charles Rangel's Dominican Republic villa continues to be scrutinized as it's now reported the interest on his mortgage was waived. This comes a day after his lawyer also revealed the powerful Chairman of the House's Ways and Means Committee did not report $75,000 in rental income (over the past 20 years) from the villa.

What a week for Representative Charles Rangel! On Sunday, the House's Ways and Means Committee was on the cover of the NY Post, which said rental income from his Dominican Republic villa was not reported to the IRS in 2006 and 2007. Today, he's back on the front page...but this time, it's the NY Times which says he failed to report $75,000 in income since 1988 from that very villa!