Posted on 06/15/2011 1:55:01 PM PDT by Hunton Peck
Rep. Charles Rangel (D-N.Y.) sold his villa in the Dominican Republic that played a role in his conviction on ethics charges last year, according to his financial disclosure forms released Wednesday.
Rangel received between $250,001 and $500,000 from the sale of his beach villa in Punta Cana.
The former Ways and Means Committee chairman was sanctioned for committing 11 violations of House ethics rules, including improperly using his office to solicit donations for an educational center in his name and filing incorrect financial disclosures and tax forms that failed to list income earned on his Dominican villa.
The 81-year-old lawmaker was also ordered to pay restitution to the government.
Bloomberg first reported the sale of Rangel's villa.
Sorry Charlie,But you are still an Idiot and a scumbag racist.
I hope he paid his capital gains tax.
The clown could not get laid on the beech front plat he owned with a fistfull of C notes.
For some reason, I'm not allowed to be this vague on my IRS financial disclosure forms.
I wonder how much of the sales price he’s “forgotten”.
Oops.
In the DR, any real property valued at $125k or less, pays no real estate taxes....he may owe in both countries. Maybe the DR wouldn’t be so tolerant. He paid $89,000 for it.
Not such a good deal when you have to declare the rental income. Time to sell because he can’t get tax free income.
Now, you would never accuse Saint Charlie of having planned to forget his taxes all along would you? I’m sure that would be . . . racist!
Not such a good deal when you have to declare the rental income. Time to sell because he can’t get tax free income.
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