Rangel paid no mortgage interest on beach house

Associated Press ^ | September 05, 2008 | DEVLIN BARRETT

[george76]

Rep. Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman said Friday.

Davis said Rangel failed to report rental income from the resort property on his taxes, but didn't realize it was necessary because of the way the deal was structured.

[george76]

sweetheart deal

[skeeter]

didn't realize it was necessary because of the way the deal was structured.

So Chuck, are you a crook, or just an idiot?

[beezdotcom]

didn't realize it was necessary because of the way the deal was structured.

"I thought I didn't have to pay taxes on bribes!"

[NormsRevenge]

Rangel failed to report rental income from the resort property on his taxes, but didn’t realize it was necessary because of the way the deal was structured.

— and this guy is the lead Dem handling federal tax laws?

and what, no mention of Countrywide? I guess they don’t do foreign properties.

[Dr. Ursus]

Isn’t he in charge of something in Congress?

[mass55th]

So he not only failed to pay taxes on rental income (which was more than likely under-reported to begin with), he got a sweetheart real estate deal and paid no interest on his mortgage? Time for Charlie to resign from the Ways & Means Committee.

[Proud_USA_Republican]

Another one of the “Friends of Mozilo”?

[Dr. Bogus Pachysandra]

On the other thread I figured he made $60,000 to $130,000 minimum a year in rentals on that joint!

[NonValueAdded]

Two Americas: one for them, the other for the rest of us.

[NormsRevenge]

That he is.. Chairman of the Ways and Means Committee..

Congressman Charles B. Rangel is serving his 19th term as the Representative from the 15th Congressional District, comprising East and Central Harlem, the Upper West Side, and Washington Heights/Inwood. He is is the Chairman of the Committee on Ways and Means, Chairman of the Board of the Democratic Congressional Campaign Committee and Dean of the New York State Congressional Delegation

lolol

http://rangel.house.gov/

Need some help with your taxes? Rangel can help. ;-)

[pepperhead]

Culture of corruption!

[NormsRevenge]

at $500 a night, the dough flows in pretty quick.

[ETL]

So Chuck, are you a crook, or just an idiot?

I'd say he's a lot more than just those two things... He's a demonRat of the first order, and needs to be investigated for his ties to groups and individuals who open admit that they are members of the "International Communist Movement". This freaking guy is chairman of House Ways and Means!

Here from the Workers World Party website (workers.org) is a direct link to a set of photos showing Ramsey Clark, Lynne Stewart and current democrat chairman of the House Ways and Means Committee, Charlie Rangel, at a Workers World Party/Troops Out Now "anti-war" rally on March 19, 2005, the 2nd anniversary of the start of the Iraq war. Ramsey Clark heads the International Action Center. The IAC, along with WWP, started up that other "anti-war" group A.N.S.W.E.R. Lynne Stewart, not long ago was convicted of aiding Islamic terrorists.
http://www.workers.org/march19/index2.html

The following is also from the website of Workers World Party (workers.org)

Workers World
55 W. 17 St., NY, NY 10011
212-633-6646

"On July 9 (1994), Workers World Party Chairperson Sam Marcy sent the following statement to Comrade Kim Jong Il, the Central Committee of the Workers Party of Korea and the State Funeral Committee of President Kim Il Sung.":

"Dear Comrade Kim Jong Il ...

The National Committee of Workers World Party extends our deepest condolences on the passing of the great leader of the Korean people, Comrade President Kim Il Sung.

Comrade Kim Il Sung devoted his whole life to the Korean people's struggle for national self-determination and the international working-class struggle for socialist emancipation. With his leadership, the Korean people defeated the Japanese colonial occupation and soon after brought about the first defeat of the U.S. imperialist military machine.

For over 40 years since the armistice, the U.S. military has continued to occupy the south of Korea with troops and nuclear weapons. This occupation has been the chief obstacle to peaceful reunification of Korea and poses the chief danger of a new war on the peninsula." ...

"Workers World Party values our close, comradely relations with the Workers Party of Korea very highly. We are proud to have known Kim Il Sung as a great leader and a comrade in the international communist movement. ...

With comradely solidarity, Sam Marcy Chairperson, Workers World Party":
http://www.workers.org/marcy/cd/sam94/1994html/s940721.htm

Workers World
55 W. 17 St., NY, NY 10011
Email: ww@workers.org
Subscribe wwnews-subscribe@workersworld.net
Support independent news
http://www.workers.org/orders/donate.php

International Action Center
55 W 17th St #5C
New York, NY 10011
212-633-6646
iacenter@action-mail.org
ndomtickets@safewebmail.com
www.iacenter.org
[http://www.iacenter.org/polprisoners/dom-2007.htm]

Troops Out Now Coalition
55 W. 17th St. #5C
NY NY 10011
www.TroopsOutNow.org
212.633-6646

National Office and NYC chapter
F.I.S.T: Fight Imperialism Stand Together
Marxist youth organization
55 W. 17 St.
New York, NY 10011
212-627-2994
Fax 212-675-7869
E-mail: FIST@workers.org
Web: www.fistyouth.wordpress.com

_________________________________________________

YouTube: Charlie Rangell Shows How Crazy He Is
"Democrat Congressman Charlie Rangell outlines his pro-Castro, anti-Israel views live on television for all to see. Have to see it to believe it."
[the part on Castro is about midway through video]
http://www.youtube.com/watch?v=hBNaTMyGyGY

[NowApproachingMidnight]

Resign Rangel

[freekitty]

These are not the kind of people we want in our government.

[NormsRevenge]

In Congre$$ since 1970

servicing his constituents..

and then some.

[Dr. Ursus]

I gots the way and the the means,bro.

[Dr. Bogus Pachysandra]

One article said $500 was for the off-season. $1,100 for the tourist season. Also said that the place was the nicest in the resort, and that it was booked solid from Dec. 15 until Ap 15. That’s 120 days at $1,100 a night!

[ArmstedFragg]

Good ole’ Lanny. Same old buck and wing.

[6SJ7]

...didn't realize it was necessary because of the way the deal was structured.

This sounds like the old Steve Martin routine...

You can be a millionaire.. and never pay taxes! You say.. "Steve.. how can I be a millionaire.. and never pay taxes?" First.. get a million dollars. Now.. you say, "Steve.. what do I say to the tax man when he comes to my door and says, 'You.. have never paid taxes'?" Two simple words. Two simple words in the English language: "I forgot!" How many times do we let ourselves get into terrible situations because we don't say "I forgot"?