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Monday, July 27, 2009

Morality and Charlie Rangel’s Taxes: It’s Much Easier to Raise Taxes If You Don’t Pay Them

Editorial in today's Wall Street Journal:  Morality and Charlie Rangel’s Taxes: It’s Much Easier to Raise Taxes If You Don’t Pay Them:

Ever notice that those who endorse high taxes and those who actually pay them aren’t the same people? Consider the curious case of Ways and Means Chairman Charlie Rangel, who is leading the charge for a new 5.4-percentage point income tax surcharge and recently called it “the moral thing to do.” About his own tax liability he seems less, well, fervent. ...

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. ...  We thought we’d summarize it now for readers who are confronted with the prospect of much higher tax bills, and who might like to know how a leading Democrat defines “moral” behavior when the taxes hit close to his homes.

http://taxprof.typepad.com/taxprof_blog/2009/07/morality-and.html

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Comments

That is so infuriating about this politicians, they are so corrupt and yet invoke morality to impose taxes. It is time to vote this people out of office. Time for corporate America to wisen up because we the people will go John Galt.

Posted by: myna | Jul 27, 2009 3:05:32 PM

With all these caustic Republican Talking Points on this site about high taxes, I am wondering how you expect to pay for this wonderful country of ours without raising them. Did you just falloff the turnip truck? Do you not expect dividends and cap gains to go to 20%+, do you not expect these thieving hedge fund managers to start paying ordinary rates on their carried interest, can we not demand UBS and others to disclose offshore American tax evaders. That is what Representative Rangel is advocating for, so what that he didn't pay his nanny tax or he didn't report a few thousand benefit, That is ugly smear - and I am sick of it. Be honest, exhibit some character and class please.

Posted by: Charles | Jul 27, 2009 3:58:59 PM

Rangel would be in jail if he was not a politician. He would also probably never had been rich, either. He is easily one of the most corrupt politician of our day. Dodd, Murtha and the Clintons are all corrupt but have nothing on this guy.

Posted by: Easycure | Jul 27, 2009 4:36:09 PM

And his asswipe constituents will continue to re-elect him.

So what's the point of the post?

Go beat your head against a newel post and see who wins.

But thanks for putting forth the effort.

Posted by: Andrew | Jul 27, 2009 4:43:58 PM

The irony is, where is the media? I remember the "culture of corruption" and it didn't quite match what the Democrats are doing.

The fact is, if Rangel were a Republican, he wouldn't have his chairmanship.

Posted by: Jim | Jul 27, 2009 4:56:13 PM

ad hominem. what are the merits of the surtax. forget Rangel.

Posted by: r. | Jul 27, 2009 6:48:09 PM

Chris Dodd...resign NOW

Posted by: J. | Jul 27, 2009 7:10:17 PM

Once again Rangel, Dodd, and thier ilk prove that the best answer to our political corruption problem is Term Limits. Why has that concept died? We have term limits on our legislators here in Florida - why not in the Congress?

Posted by: Jim W | Jul 28, 2009 5:42:10 AM

The mentality that is exhibited by Rangel is exhibited closer to home here in Ohio. Very few people I talk to are aware that legislature here in Ohio have a law on the books that exempts the members salaries from being subject to municipal income tax, both in Columbus where they work, and where they live. Mean while, the rest of us either pay where we work, or in some cases, where we work and again where we live!

Posted by: Jim | Jul 28, 2009 11:53:31 AM

This guy (Rangel) just admitted to the nation that he does not see any need in trying to read a bill before he votes on it. He admitted that when he tries to read it, he cannot understand what it means---so why bother! [Hmmmmmmm????! What is this "dude" doing representing anyone!] He and obviously a lot of others like him or worse, are making monumental decisions that will guide my country. Wake up AMERICA!!!!!

Posted by: Be Smart | Jul 29, 2009 10:42:36 AM