"Rangel Rule" Bill Introduced for Tax Cheats

Texas Republican Congressman and former judge, John Carter, has introduced legislation that gives ordinary Americans the same special privileges accorded to Democrat Charlie Rangel and our newly minted Democrat Treasury Secretary Tim Geithner.

TALLYING UP THE RANGEL SWINDLE

(1) Democratic chair of the powerful House Ways and Means Committee Rangel took a "homestead" tax deduction meant for year-round DC residents - though he legally resides in New York.

(2) Rangel paid no taxes on his luxe property in the Caribbean;

(3) Has four rent-stabilized apartments (one is a campaign office);

(4) Improperly stored his car in a House parking garage;

(5) The NY Times reported oil-drilling businessman Eugene Isenberg made a $1 million pledge toward building The Rangel School for Public Service at City College of New York. Rangel later preserved a controversial offshore tax loophole that saved millions for Isenberg's company. The Isenberg-Nabors deal is, potentially, far more serious: It reeks of a quid pro quo between Rangel's official duties and fund-raising for his personal project. The Times reported that Rangel held meetings the same day, at the same hotel, with Isenberg to discuss the CCNY project and then with Nabors' chief lobbyist on the tax loophole.

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Rangel's multiple ties with tax-exempt foundations smell to high heaven. Rangel’s pricey real estate deals are entwined with his financial connections to several tax-exempt entities.

The IRS says the biggest potential for IRS fraud are tax-exempt non-profits doing deals with other tax-exempt non-profits----all posing as do-gooder "foundations" and “charities.” The NY Post reports at least three tax-exempt entities connected to Rangel‘s finances:

(1) The Charles B. Rangel Center for Public Service (Rangel co-opted $2 million via Capitol Hill allocations, plus another $700,000 from Dept of HUD),

(2) The NY Carib News Foundation (organized financing for Rangel’s island-hopping luxe Caribbean trips),

(3) The Ann S. Kheel Charitable Trust---supposedly aids "disadvantaged neighborhoods" gave $440,000 to The Charles B. Rangel Center (the largest single donation in the charity's 4-year history). Theodore Kheel, Esq, VP of Grupo Punta Cana Operating Company, (mortgage holder on Rangel’s luxury villa), donated $17,000 to Rangel's congressional campaigns and $52,000 to a Rangel-run political action committee since 1990, federal filings show. (Ann Kheel is his late wife).

(4) The "tax-exempt Carib News Foundation" subsidized Rangel’s trips to luxury island resorts---perfect places to hide money from the taxman. The published list of known money-laundering havens includes Panama, the Bahamas, the Cayman Islands, the Cook Islands, Dominica, the Marshall Islands, Nauru, Niue, Panama, the Philippines, St. Kitts, Israel, and the Grenadines. Suspected tax havens include Cyprus, Gibraltar, Monaco, and Antigua.

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Suspected tax fraud and tax law violations can be reported here

IRS TOLL-FREE 1-800-829-0433 (You may remain anonymous).

EMAIL OAAG.Tax@tax.USDOJ.gov

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PHOTOSHOPPING COURTESY OF RETSIGNMAN

REID: "Those guys better remember who kept them out of prison, Nancy"

PELOSI " Harry, I hope your earmark is big enough so that poor
Charlie won't have to use his own money to pay his taxes."

REID "Don't worry Nancy, it's big enough. And with the rest, we can all buy
a villa in the Dominican Republic, next door to Charlie......thanks to US taxpayers."

So you are cheating if you don’t pay your taxes. What if you don’t have the money to pay the taxes? Maybe all the other TAXES and fees the government charges make it impossible to do so. I have employees who can’t pay their taxes because they needed the money for other things, life emergencies, taking care of a sick family member, etc. Medical deductibles, or medical and dental care payment for the uninsured. Deductions don’t cut it.

I am all for this rule. The government should not profit from you having trouble paying. And for those who willfully don’t pay, well, personally i think we should all stop paying taxes because WE HAVE NO REPRESENTATION anywhere. The government feeds itself and thats all they care about.

Eliminate Income taxes and institute a national sales tax and all these problems go away. Exempt food, and healthcare from taxation.

Excellent proposed law. Until then:

Maybe, we should start reporting these obviously illegal tax evasions by rats to the IRS and to the following site.

http://www.rewardtax.com/

Former IRS Attorneys for Tax Whistleblower Rewards
Tax Whistleblower Reward Program
The United States of America Will Pay Huge Rewards to Anyone Who Exposes the Under reporting of Tax

THE PROBLEM: Billions of Dollars in Unpaid Taxes
In the United States of America, a small percentage of taxpayers (i.e., individuals, businesses, trusts, and estates) underreport and fail to pay up to $400 billion in taxes every year, according to a study released by the Internal Revenue Service. This small group is comprised of an elitist group of wealthy Americans and businesses who neglect or refuse to pay their fair share of tax and who undermine the stability of the country to satisfy their own personal greed. This missing revenue causes unnecessary increases in annual deficits, national debt, and national interest payments. In the end, this missing revenue must be made up by honest Americans through higher taxes.

Each year, the United States is forced to spend over $11 billion to finance IRS enforcement efforts aimed at catching individuals and corporations who underreport and fail to pay tax. However, the schemes, devices, and shelters used by these individuals and corporations to avoid the payment of tax have become so sophisticated that efforts by the IRS to detect them have failed. As a result, the annual amount of unreported and unpaid tax has steadily grown each year. Confronted with the devastating effect of the ongoing and systematic underreporting of tax by individuals and corporations, the United States is taking a new approach to enforcement efforts aimed at detecting the underreporting and nonpayment of tax.

THE SOLUTION: The American People
In recently enacted legislation (December 2006), Congress turned to the American people to expose taxpayers (i.e., individuals, businesses, estates, and trusts) who underreport and fail to pay tax. The United States has announced that it will reward any person who provides information that leads to the identification of $2 million or more of unreported tax, including interest and penalties. This new legislation guarantees that any person who provides information under this “Tax Whistleblower Reward Program” will receive a minimum of 15%, and a maximum of 30%, of the amount that the IRS actually collects. The new law, which provides a potential “windfall” to honest Americans who expose those who underreport and fail to pay tax, is known as the IRS Whistleblower Reward Program.

If you have information regarding a taxpayer (i.e., an individual, business, estate, or trust) that under reported or failed to pay tax, you will be rewarded by the United States for providing such information. Contact us NOW to start the process of identifying tax avoidance and obtaining your reward! Your confidentiality is guaranteed!

Posts like this one continue to validate my 2009 tagline.

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