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Estate Planning
: North Carolina Estate Planning BlogRep. Rangel Should Resign from Ways and Means Committee
By Gregory Herman-Giddens
Rep. Charles Rangel, chair of the Ways and Means Committee in the U.S. House of Representatives, owes the IRS $5,000 in back taxes for failing to report years worth income from a rental property. Ironically, his position means that he is one of Washington's most powerful influences on changes to the tax code.
Rangel himself admits that there is no excuse for his failure to report the income, but does not believe that he should step down. I beg to differ. I believe that he should resign immediately. A tax cheater in charge of changes to the tax laws? Makes no sense to me.
Full post as published by North Carolina Estate Planning Blog on September 11, 2008 (boomark / email).
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