Culture of corruption: Rangel edition
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When he’s not race-baiting, he’s tax-evading and excuse-making.
And always getting away with it.
The latest? He “forgot” to disclose between $500,000 and $1 million in unreported wealth.
Meticulous Man of the People:
Rep. Charles Rangel failed to report as much as $1.3 million in outside income — including up to $1 million for a Harlem building sale — on financial-disclosure forms he filed between 2002 and 2006, according to newly amended records.
The documents also show the embattled chairman of the Ways and Means Committee — who is being probed by the House Ethics Committee — failed to reveal a staggering $3 million in various business transactions over the same period.
This week, Rangel filed drastically revised financial-disclosure forms reflecting new, higher amounts of outside income and numerous additional business deals that had not been reported when the reports were originally filed.
In 2004, for instance, Rangel reported earning between $4,000 and $10,000 in outside earnings on top of his $158,100 congressional salary.
But the amended filings show that after the sale of a property on West 132nd Street, his outside income that year was somewhere between $118,000 and $1.04 million.
Via the NYPost.
CQ :
That can only add to the woes of a lawmaker who is already being investigated for failing to pay taxes on property in the Dominican Republic, for maintaining multiple rent-controlled apartments in New York City and for questions about his use of official letterhead in building support for an education center named for him at the City College of New York.
Hey, why hasn’t Team Obama nominated this unrepentant tax cheat for a Cabinet or czar position yet?
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Flashback: Tax cheat Rangel caught on tape: “Why don’t you mind your goddamned business?”
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Categories: 2012 Campaign, Barack Obama, Corruption, Democrats, Eric Holder, Gary Locke, Hillary Clinton, Joe Biden, Michelle Obama






