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To: Stoat
please see some excellent posts by FReeper ETL and others in this thread...

Thanks. Here is the url for that other thread:
http://www.freerepublic.com/focus/f-news/2071764/posts

Great photo that is, btw, of Charlie 'The Red' Rangel's car being towed! I wonder how much it cost taxpayers to keep that old Benz sitting in a Manhattan garage for 4 long years? Probably more than the car is worth!

61 posted on 09/19/2008 8:47:20 AM PDT by ETL (Smoking gun evidence on ALL the ObamaRat-commie connections at my newly revised FR Home page)
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To: ETL
Great photo that is, btw, of Charlie 'The Red' Rangel's car being towed!

The next best thing to photos of  Charlie himself being handcuffed and frog-marched out of his offices, resplendent in a $5,000. Armani or Bill Blass suit, as the flashbulbs pop and he cowers behind Lanny Davis

 

 I wonder how much it cost taxpayers to keep that old Benz sitting in a Manhattan garage for 4 long years?

From the NY Post article:

A House Web site on parking regulations informs anyone with a space that, under IRS regulations, the benefit of the free parking is considered "imputed income" and must be declared to the government.

The site says the spaces are valued by the House at $290 per month - about the cost of leasing a space in a private DC-area garage - and $100 of that is deemed taxable.

If Rangel's car had been in that space since its license plates were surrendered four years ago, the imputed income would be nearly $5,000.

**************************************

One way to look at it is that if we only look at the 4-year period since the plates were surrendered and consider the House's valuation of the provided parking spot as being $290. / month, my stoat-math makes that work out to $13,920.  of income that he has deprived the District of Columbia due to this illegal storage.

Probably more than the car is worth!

Of course it'll depend upon the exact model, condition, mileage, accessories, etc but all except for a couple exceptional examples are currently selling for far less than $14,000.on eBay

Search results for Sedan 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 Mercedes-Benz 1972 Mercedes in Cars & Trucks

Even if we use the Post's imputed income calculation of $5,000, most on eBay are selling for less than that.

62 posted on 09/19/2008 9:36:50 AM PDT by Stoat (Palin / Coulter 2012: A Strong America Through Unapologetic Conservatism)
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