And once again, we get insight into the Rangel household and his capacity to represent his constituents. We further learn that Rangel had no clue that he was paying no interest on this mortgage. That's after we learned yesterday that he didn't have a clue that he was supposed to claim the income from that property. And that's after we learned that Rangel didn't know that rent stabilization guidelines prohibited him from using such apartments as offices. He's the Chairman of the Ways and Means Committee in the House, and yet he doesn't know tax laws or care to follow them.Via Glenn Reynolds. Charlie just keeps coming back for more. No wonder approval ratings for Congress are only half Dubya's.
It's also interesting that Rangel claims that his wife was responsible for taking care of the family finances and tax records. I think we just saw Charlie attempt throw his wife under the bus, but if Charlie signed those tax records, he's just as liable as she is.
What we do see here is a pattern of impropriety, where Rangel not only takes advantage of the system (as per the apartments), but clearly abuses the system and avoids paying taxes on income.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Monday, September 08, 2008
Wow, Charlie Rangel paid 0% interest on his mortgage?
The ranking member of the House Ways and Means committee, at your "service":
Labels:
hypocrisy,
limited government
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