Congressman Charles Rangel, D-N.Y., chairman of the tax-writing House Ways and Means Committee, never reported rental income from a vacation property he has owned in the Dominican Republic since 1988.
Rangel earned more than $75,000 in rental income from a beachfront villa at the Punta Cana Yacht Club, according to The New York Times. Rangel did not declare the income on his federal and state tax returns, nor on his congressional disclosure forms. Rangel did not receive the money directly, however. It was used to defray the mortgage and extra construction costs. Rangel's wife handled family finances in conjunction with his accountant, and the resort sent only intermittent financial statements.
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