Corruption: Taxes for Thee Not for Me Says Democrat Charles Rangel, Chairman of the Ways and Means Committee
Imagine if “We the People” filed our taxes returns like this?
This individual is in charge of the House Ways and Means Committee that writes tax law for you and me … ARE YOU SERIOUS! Does anyone wonder why no one trusts Congress?
Hmm … where did I misplace that $1.3 million?
How does one just miss $1.3 million in income? If you are Democrat US Rep. Charlie Rangel, the head of the House Ways and Means committee, it appears to be easy. Rangel failed to report the profit he made on the sale of a Harlem building. NICE! Imagine how the IRS would treat you if you had done something similar? This week, Rangel filed drastically revised financial disclosure forms reflecting much different numbers than were initially reported to the IRS.
Rep. Charles Rangel failed to report as much as $1.3 million in outside income — including up to $1 million for a Harlem building sale — on financial-disclosure forms he filed between 2002 and 2006, according to newly amended records.
The documents also show the embattled chairman of the Ways and Means Committee — who is being probed by the House Ethics Committee — failed to reveal a staggering $3 million in various business transactions over the same period.
WTF!!! How is this person still the Chairman of the Ways and Means Committee, let alone still in Congress let alone not in jail? He is already under an ethics investigation. Exactly how much is needed to boot him out the door?
- In 2004, for instance, Rangel reported earning between $4,000 and $10,000 in outside earnings on top of his $158,100 congressional salary.
- But the amended filings show that after the sale of a property on West 132nd Street, his outside income that year was somewhere between $118,000 and $1.04 million.
- Rangel also lowballed his income by as much as $70,000 in 2002, $46,000 in 2003 and $117,000 in 2006, records show.
- The Post revealed yesterday that Rangel is in arrears on New Jersey property taxes — for property that for more than 15 years he failed to disclose to Congress and the public.
- But the amended records filed this month show as much as $310,000 in business deals in 2002 and up to $80,000 in transactions in 2003.
- In 2004, Rangel left off his disclosure form as much as $430,000 in stock transactions, amended records show.
Great point made by Michelle Malkin, why hasn’t Team Obama nominated this unrepentant tax cheat for a Cabinet or czar position yet? It would appear that Charlie “what unreported income” would fit it well with Tim “Turbo Tax” Geithner and other Obama choices like Tom Daschle and Nancy Killefer.
When normal people happen to “find” their own money, it might mean a twenty left in a winter coat, or discovering change beneath the sofa cushions. But if you’re Charlie Rangel, it means doubling your net worth.
I guess we need to hold our collective breath for Barack Obama, his Justice Department and AG Eric Holder to prosecute this egregious tax cheat. Didn’t Obama promise the most ethical Administration? Nah, as Jammie Wearing Fool states, they are too busy going after CIA operatives just keeping us safe.
UPDATE I: Rangel’s Lies Proliferate – One Big Lie … To All
Rangel’s probalems are not a matter of an over sight or ommisssion. It is a pattern of lies to all entities involved inclusing the IRS, mortgage lenders and state and local officials. This was done purposely. So how will Congress deal with such a liar? How will the IRS?
Rep. Charles Rangel has had to go for some time now, but his lies keep proliferating. He’s lied to the IRS over his tax obligations. He’s lied to state and local officials about his tax obligations.
As we have previously stated and it appears that A Blog for All does as well, Rangel believes in taxes for thee, not for he.
As I pointed out previously, the Daily News chimes in noting that Rangel has two sets of rules, particularly on taxes. There’s the rules that everyone else has to abide by, and then there’s his rules, which primarily exist so that he can avoid paying taxes on his obligations. Rangel doesn’t just need to be reined in. He needs to be sent packing.
Didn’t Obama promise us the most ethical Administration ever? But The One has his Justice Department going after the CIA instead.
UPDATE II: Rep. Charles Rangel had two primary residences, even though you are only allowed one.
Rep. Charles Rangel claimed on mortgage papers that a Harlem brownstone was his principal residence even though he lived else where. Of course this is just another oversight from Rangel who seems to have got caught in many such type one’s recently. What’s a little fraudulent lie to the mortgage company?
When the Democrat — who is under investigation by the House Ethics Committee — took out the mortgage in 1990, he said the property on West 132nd Street was his “principal residence,” records show.
But Rangel has been living since the 1970s in Harlem’s Lenox Terrace apartment complex, where he improperly amassed four rent-stabilized properties.
“I will reside in the Property (on 132nd Street) for at least six (6) months of every calendar year,” read Rangel’s mortgage contract with Citibank, which is on file with the city.
The terms of the $60,000 loan appear to be normal for that time, but lenders say claiming principal residency when you live elsewhere is a serious breach.
“It’s fraud or a mistake,” said David Reed, an author of several popular books about mortgage lending.
However, in all of these misdealings that Rangel has done there is another bigger question that is not being answered. Even after Rangel sold the sold the brownstone at 74 W. 132nd St. to Bethel AME Church in 2004, several of his relatives continue to live there.
This was also originally reported by the NY Post, “Despite the reported sale, city records still show Rangel is the owner of that property”. Is this a clerical error or does Rangel still own a property that he supposedly sold? How is that possible?