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| -Lurid Crime Tales- |
| Rangel paid no mortgage interest on beach house |
| 2008-09-05 |
| Filed under: Some pigs are more equal than other. Rep. Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated Press that Rangel got his no-interest deal for the villa in the Dominican Republic because he was an original buyer in the resort development. The Democratic chairman of the Ways and Means tax-writing committee has come under scrutiny for his vacation property and apartments he rents in his home district of Harlem. |
| Posted by:ed |
| #8 I wonder how much principal he has paid off on that "no interest" loan? And how much the original loan was for (and the appraised value)? Something is a bit ripe here. |
| Posted by: tipover 2008-09-05 19:10 |
| #7 the NY Post first expose noted that he rarely uses the place, rents it out, yet doesn't declare any income. That's tax fraud, Chollie |
| Posted by: Frank G 2008-09-05 19:04 |
| #6 Try it on your tax return some time. |
| Posted by: Nimble Spemble 2008-09-05 18:08 |
| #5 Does "lack of interest payment" equal "income", that's the question. |
| Posted by: Ebbatch Scourge of the Faith7719 2008-09-05 17:46 |
| #4 Please correct if I'm wrong but income for US Persons is reportable and potentially taxable income. According to the IRS. |
| Posted by: Besoeker 2008-09-05 16:34 |
| #3 Uh, guys? "Dominican Republic" is the key phrase here. Manifestly outside US jurisdiction, even if Charlie had done something wrong. |
| Posted by: mojo 2008-09-05 16:32 |
| #2 Play? |
| Posted by: Procopius2k 2008-09-05 15:06 |
| #1 Oh oh, Charlie. Time to play dumb. Again. |
| Posted by: tu3031 2008-09-05 14:26 |