On the Beach in the Dominican Republic/Reuters - Rep. Charles Rangle,( D,NY), a 19 term veteran of Congress and a major player on the House Ways and Means Committee responsible for the administering of the US Federal Tax code, stated he wasn't aware the Code applied to him.
Sipping a Pina Colada from the veranda of his Dominican Republic beach hideaway, Rangle admitted he had not declared over $75,000 in rental income garnered for the romantic retreat that catered ,according to rumor, to many secret , and expensive, get aways enjoyed by high ranking Democrats.
Rangle said he thought money earned off shore was not subject to taxes, and the fact that the income came from Politicians and their lovers who wanted to keep their identity secret, gave him additional immunity from tax scrutiny.
In addition, reports are out that the Congressman had a no interest mortgage on the beach bungalow supplied by a NY developer and Rangle supporter. Allegedly the mortgage has been paid off, but no paper work confirming the transaction seems to be available.
The Federal Tax code also states that if no interest is stated on a transaction, the prevailing rate will be in effect for tax purposes, possibly raising tax questions for the developer as well.
Adding to Rep. Rangle's ethical problems are his living quarters in a four unit rent controlled apartment he owns in Harlem, where one of the living units was used as a campaign office for the Representative, and the rent he pays himself are below required market standards.
Rangle chided Republican efforts to have him stand down from his Committee position until the mounting ethical questions were answered.
"I don't think anybody reads that shit," he said referring to the code, "but if there is something in there I should be doing, I will certainly try to get around to it. I just don't understand this ethical shit!"
Rangle said he would finally read the tax code, and file amended Federal, State and City taxes, if necessary, while granting Amnesty to his wife, who he blamed for not declaring the income while she was in charge of the rental house under a temporary Power of Attorney he granted her while he was involved in the Don Imus Inquisition with Reverends Sharpton and Jackson.
"Of course," he added," if there are any ambiguous items in the code that might adversely affect me, I will use my Seniority on the Committee to change them in an effort to clarify them. And if that don't work, there are alot of powerful friends in Congress that partied down there that owe me BIG TIME! "
Without naming names Rangle boasted that he was the undeclared Godfather to many, many Democratic Love Children,whose fathers have not yet been named in the tabloids, or been forced to step down from elected positions. GO DADDY!