Thursday, September 11, 2008
Rangel Owes 5K to IRS
"I really don't believe that making mistakes means that you have to give up your career." - Representative Charles Rangel
Another politician who doesn't feel they need to pay taxes. As House Ways and Means Committee chairman, Charles Rangel has a powerful say over tax law changes. By his own admission, he has no excuse for not reporting years worth of rental income on a beach vacation property he owns in the Dominican Republic. As reported by the Associated Press, Charles Range total back-tax bill will likely be something approaching $10,000, after factoring in state and local levies, his lawyer said. Currently it is said to be $5,000.
READ MORE HERE