Tax Tips by Charlie Rangel?
Irony Sometimes Speaks for itself
"I heard I can hide lots of money in here..."
UPDATED: Louisiana’s notorious Congressman sentenced to 13 years in prison. With bribes, he should be out in a week, but this proves all things are possible…
(TTfD) I am a fan a Congressional websites because each member seems to take himself — or herself — much more seriously than they deserve to. When I can find nothing else in the world to laugh about, I know that at any moment our tax dollars are being spent re-writing the history of democrats, removing their scandals from the Internet, and trying to make even Charles Rangel appear useful.
Those who can’t do become Congressmen with major problems paying their taxes.
He Who Laughs at Himself...
But don’t take my word for it, go to Charlie’s Congressional site and dig a little deeper.
Charlie is not quite clear on tax law even though he heads the Committee that writes it. He does, however, have some practical suggestions for us “common folk,” and that is good because unlike him we go to jail when we “misreport” our income or forget about our foreign property investments.
Rangel — like most Democrat politicians — is a very rich man. He is a also a very practical man; if he didn’t hide his income he would not be eligible for the hardship he maintains he has so that he can get rent control for his four apartments. One immediately is reminded of the old joke “…when he sits around the house, he really sits around the house…”
Of course, by house I mean four different apartments which he is snagging at a low cost illegally and displacing common people from quality housing. By common people I mean his constituents.
It may be a safe bet to put out that those people whose “rent control” he is stealing don’t also own homes at yacht clubs in the Dominican Republic. This “investment” property of his — offshore — books for anywhere between $500 and $1,100 per night. But, apparently in Rangel’s mind, “What happens in the Dominican Republic stays in the Dominican Republic.”
His answer to such fraud is to make sure no one but Charlie Rangel gets away with it.
Yesterday, he and Max Baucus introduced the “Foreign Account Tax Compliance Act of 2009.” The intent of this bill is to put the hammer down on rich elitists who hide money in overseas investments. Who better to watch out for tax cheats than one of the nation’s most important hypocrites?
Developing…
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