Charlie Rangel -Tax Cheat +
Charles Rangel United States Army
Latest Words from Rangel
"New York Rep. Charlie Rangel wants the world to know: Tea party members are a bunch of “white crackers.”
“It is the same group we faced in the South with those white crackers and the dogs and the police,” Mr. Rangel told the Daily Beast."
It seems Charlie Rangel's views have not changed much through the years.
His Early Years
Charles Bernard Rangel, better known as Charlie Rangel, was born June 11, 1930. He is the second of three children and was Roman Catholic. His father, Ralph Rangel, Sr., was born in Ponce, Puerto Rico and his mother, Blanche Wharton worked as a maid and seamstress in a factory in the NYC garment district. Her grandfather had been a slave in Virginia. His father was frequently absent, unemployed and abusive to his mother. Charles grandfather worked in a courthouse and helped keep Charles out of serious trouble. He dropped out of school in his junior year.
Charles enlisted in the United States Army serving from 1948-1952, fighting in an all-black Field Artillery Battalion in the Korean War. Rangel who was only a private first class had a reputation for leadership. He was awarded the Purple Heart for his wounds, the Bronze Star with Valor. He refers to the Army as a turning point in his life.
Following his discharge he finished high school, received a B.S. from New York University School of Commerce in 1957, where he made the dean’s list. On a full scholarship he obtained a Juris Doctorate from St. John’s University of Law in 1960. After graduating from law school, Charlie passed the state bar exam and was hired by 'Weaver, Evans & Wingate', the city's most prominent black law firm, providing legal assistance to black civil rights activists
Charlie Rangel - Successful at what cost?
Greed, tax evasion and investigation
Charles Rangel had been a democratic member in the House of Representatives since 1971, representing the Fifteenth Congressional District of New York. He is now the Ranking Member of the Committee on Ways and Means (where all tax laws are written) and Chairman of the Board of the Democratic Congressional Campaign Committee. He co-founded the Congressional Black Caucus, where he has also served as chairman, and of which he continues to be a member. Charles Rangel has been arrested many times for protesting alleged human rights abuses in Sudan and for numerous other causes as well. He has finally stepped aside while being investigated by the ethics committee. He is still able to vote as an active member of Congress, but is no longer the Chairman of the Ways and Means committee. Since he has been in charge of writing tax laws for all these years it is hard to believe he has been cheating on his taxes and getting away with it. Why is he still a member of Congress?
Charlie Rangel changed his life after his stent in the Army but now you have to ask the question when did Charlie start to go wrong? On April 9, 1965, a 34-year-old lawyer named Charles Rangel took out a low-interest mortgage to renovate his childhood home, a row house on West 132nd Street that he had just inherited from his grandfather. The $39,350 loan came from a New York City program to develop low-income housing. He was to turn the home into six low income apartments. While Rangel may have thought he scored a sweetheart deal, the loan came back to haunt him during his first run for Congress in 1970. An opponent in the Democratic primary accused him of violating the conditions of the mortgage because he was living in one of the apartments that were supposed to be rented only to poor people,
To give you an idea of his Rangel’s Congressional Annual Salaries over the years:
In 1987 Charlie Rangel purchased the 'Punta Yacht Club' for $250,000 in Dominican Republic. (Rangel's Congressional Annual Salary in 1987 at that time was then $89,500 a year.) The rental income from the Punta Yacht Club property is substantial as it is a luxury beach-front villa and is more often than not rented out.
But when the National Legal and Policy Center looked at Mr. Rangel’s House financial disclosure forms in August, it noted that his reported income looked suspiciously low. In 2004 and 2005, he reported no more than $5,000, and in 2006 and 2007 no income at all from the property. The villa is among the most desirable atPunta Canaand that it rents for $500 a night in the low season, and as much as $1,100 a night in peak season. Last year it was fully booked between December 15 and April 15.
“Mr. Rangel soon admitted having failed to report rental income of $75,000 over the years. First he blamed his wife for the oversight because he said she was supposed to be managing the property. Then he blamed the language barrier. “Every time I thought I was getting somewhere, they’d start speaking Spanish,” Mr. Rangel explained”
Mr. Rangel also owns four rent-stabilized apartments in Harlem. He is in violation for owning these apartments because his income is too high. The National Legal and Policy Center also says it has confirmed that Mr. Rangel owned a home in Washington from 1971-2000 and during that time claimed a “homestead” exemption that allowed him to save on his District of Columbia property taxes. However, the homestead exemption must only apply to a principal residence, and the Washington home could not have qualified as such since Mr. Rangel’s rent-stabilized apartments in New York have the same requirement.
Oh, and those vacant properties in Glassboro, in southern Jersey? These lots and their as-much-as-$15,000 value must also have slipped down his memory hole. (The New York Post reported yesterday that Mr. Rangel failed to pay property taxes for two of the lots, according to the county clerk's office.)
Representative Rangel did not report more than $660,000 in assets and tens of thousands in income for 2007. Records show. Rangel, has filed an amended disclosure that includes the correct figures, Roll Call reported Tuesday night. The 2007 form listed assets of $516,000 to $1,316,000, but the amended disclosure lists of $1.028 million to $2.495 million, as reported by Roll Call.
Charlie Rangle walks out of Congressional hearing
The initial filing excluded a Congressional Federal Credit Union checking account worth more than $250,000 and maybe as much as $500,000, an investment fund account worth more than $250,000, the amended report indicated. Members of Congress are allowed to report asset values within broad ranges, as reported by Roll Call. Where did all this money come from?
The Chairman also didn't disclose the $1,001 to $15,000 in stock he owns in Yum Brands, the conglomerate that runs those chain restaurants, KFC, Pizza Hut, Taco Bell and Long John Silver's,
The updated forms report that Mr. Rangel's total net worth is between $1,028,024 and $2,495,000 -- about twice the amount listed in the original disclosure statement, filed in May 2008, which declared assets totaling between $516,015 and $1,316,000. Compare that to his undisclosed portfolio stake in PepsiCo—$15,001 to $50,000.
Mr. Rangel promised last fall to amend his tax returns, pay what is due and correct the information on his annual financial disclosure form. But the deadline for the 2008 filing was May 15 and as of last week he still had not filed.
Furthermore, two years after creating a center in his own name at City College, Harlem Rep. Charles Rangel has come through with a $3 million defense grant for the school -- for a project the Pentagon doesn't even want according to The Post.
The House Ethics Committee is investigating Mr. Rangel on no fewer than six separate issues, including his failure to report the no-interest loan on his Punta Cana villa and his use of rent-stabilized apartments. It is also investigating his fund raising for the Charles B.Rangel Center for Public Service at City College of New York. New York labor attorney Theodore Kheel, one of the principal owners of the Punta Cana resort, is an important donor to the Rangel Center.
It doesn’t appear that Representative Rangel plans to pay those pesky taxes, perhaps he feels a man of his position shouldn’t owe taxes. Most feel Rangel will remain the Chairman of the House Ways and Means Committee until Nancy. Pelosi decides it’s time for him to go. Yes, you and I would probably be in jail if we had this history of tax fraud. I guess it helps to have friends in high places.
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