Representative Charles B. Rangel has earned more than $75,000 in rental income from a villa he has owned in the Dominican Republic since 1988, but never reported it on his federal or state tax returns, according to a lawyer for the congressman and documents from the resort.Mr. Rangel, chairman of the House Ways and Means Committee, which writes the federal tax code, bought the beachfront villa at the Punta Cana Yacht Club and has received twice-yearly payments from the resort, which rents the property for $500 or more per night.
Records from the development, now called the Punta Cana Resort and Club, indicated that Mr. Rangel’s rental profits varied from year to year, from $2,700 in 2004 to $7,600 in 1994.
What's so "progressive" about tax evasion?
1 comment:
WOW! Talk about being a hipocrit. His committee writes the laws and he doesn't know that rental income is included in the defintion of Gross income as found in 26USC§61A?!!
Tax avoidance is one thing.
Tax evasion is a crime, and it's a double crime when it is done by a congressman. It is a tripple crime, and a slap in the face of every tax paying American when the idiot who is guilty of tax evasion, is the one who chairs the committee that writes the tax laws, something he should know.
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