Rangel fails to report income

Posted by LegiStorm on Wednesday, September 10, 2008
Once again, a member of Congress is in trouble for filing false financial disclosures.

Rep. Charles Rangel (D-N.Y.) announced Monday he will repay back taxes on unreported income he received from a rental property in the Dominican Republic - income he also did not report as required on his Personal Financial Disclosures.

In Rangel's most recent financial disclosure, he lists the villa in Punta Cana, Dominican Republic, as an asset worth between $250,001 and $500,000, with no rental income. However, it has recently become known the Congressman earned about $75,000 in income from the property since 1988.

posted in Rep. Charles Rangel (D-N.Y.), personal financial disclosures, real estate
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One comment so far

Posted by Jimbo on 12/20/2008 05:59 PM EST
Will it ever end with this guy? One oversight OK, two, hmmm, but it is clear Rangel is a crook, and needs to leave. Most of all, he is guilty of thinking he has done nothing wrong! I wish we had a special court for people like this, and bring back stockades. This way we can finally reach him without ducking his constituents.

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