"California's Rep. Pete Stark, a senior House Democrat
has been claiming a $1.7 million Maryland home as his principal residence in recent years, although he represents the Golden State's 13th District on the east side of San Francisco Bay.The 77-year-old Stark has saved himself nearly $3,900 in state and county taxes by claiming the six-acre waterfront estate as his principal residence, according to an investigation by Bloomberg News.
Maryland law allows the tax break only to those residences used "for the legal purposes of voting, obtaining a driver's license, and filing income tax returns."
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Charles Rangel (D-N.Y.)
The Chairman of the Ways and Means Committee, Charles Rangel (D-N.Y.) apparently didn't report $75,000 in rental income from a villa he has owned in the Dominican Republic since 1988. The oversight was on both his federal and state tax returns, according to a story in today's New York Times.
He failed to report as much as $1.3 million in outside income which included up to $1 million for a Harlem building sale -- on financial-disclosure forms he filed between 2002 and 2006, according to newly amended records.
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Its hard to believe that these two, well educated, and experienced, are so dumb. Dumb and stubborn.
Rangel has a JD and Stark an MBA. SO what is their problem?
Maybe its a little of " you can fool some of the people some of the time........................"
But smart people are suppose to know better, but some smart people think they are smart. But they are not. Maybe they are clever.
They both have money, and they probably have an CPA or lawyer friends who can counsel them in complicated tax matters. But no, they still screw up. If they are guilty of tax improprieties, I hope they are fined, and have to repay the IRS for any taxes owed. We are told, no one is above the law. Even these "law makers."
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Its hard to believe that these two, well educated, and experienced, are so dumb. Dumb and stubborn.
Rangel has a JD and Stark an MBA. SO what is their problem?
Maybe its a little of " you can fool some of the people some of the time........................"
But smart people are suppose to know better, but some smart people think they are smart. But they are not. Maybe they are clever.
They both have money, and they probably have an CPA or lawyer friends who can counsel them in complicated tax matters. But no, they still screw up. If they are guilty of tax improprieties, I hope they are fined, and have to repay the IRS for any taxes owed. We are told, no one is above the law. Even these "law makers."
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