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Caught Our Eye

Rangel fails to report income

Posted by LegiStorm on Sept. 10, 2008
Once again, a member of Congress is in trouble for filing false financial disclosures.

Rep. Charles Rangel (D-N.Y.) announced Monday he will repay back taxes on unreported income he received from a rental property in the Dominican Republic - income he also did not report as required on his Personal Financial Disclosures.

In Rangel's most recent financial disclosure, he lists the villa in Punta Cana, Dominican Republic, as an asset worth between $250,001 and $500,000, with no rental income. However, it has recently become known the Congressman earned about $75,000 in income from the property since 1988.