Wednesday, March 3, 2010

This'n'That; March 3rd[Rangel;Schumer]

Rangel "Handed His Ass!"
Charles Rangel--the crookedest sum'bitch in the Congress--chairs the committee that determines how badly you and I get shafted on federal taxes.  While he was screwing you and I 'to the wall,' financially-Rangel was suffering from "convenient memory loss."  He failed to report:

  • ~~A credit union account valued at $250,000 to $500,000.
  • ~~Investment accounts totalling $250,000 to $500,0000.
  • ~~New Jersey rental properties valued upwards of $500,000.
  • ~~Rangel failed to pay taxes on the $75,000 of on-going rental fees he earned.**

When the IRS finally caught up with 'Charlie-the-Crook,'  he was given a "sweet-heart deal" inwhich he paid the back taxes of about $10,000, but neither penalties nor interest!!!
Rangel's now under investigation by the House Ethics Committee for.............. you guessed it......a complete lack of ethics!! The bill's title is modeled on something known in Texas as the "Hobby Rule." In the 1970s, Bill Hobby, then the state lieutenant governor, was pulled over for drunken driving. Hobby was taken to the police station, but when his attorney showed up in the wee hours of the morning, authorities simply let Hobby go -- no bond, no nothing. That special treatment became a precedent for future drunken-driving cases, as lawyers cited the "Hobby Rule" to demand their clients be freed with no questions asked, just like Bill Hobby.
**Rangel's getting away with not paying interest and penalties involved in his tax evasion spawned "The Rangel Rule."
This was the brainchild of Rep. John Carter [R, Tx-31],  who spent two decades as a judge before coming to the House in 2002.  H.R. 735 would require the IRS to give everyone the same kid-glove treatment it gave Rangel. 
[Co-sponsors:  Michael Burgess [R-TX26],  Steve King [R-IA5],  Lynn Westmoreland [R-GA3] ] 
[From H.R. 735 text:]   ‘SEC. 7529. UNITED STATES CITIZENS EXEMPT FROM PENALTIES AND INTEREST.
‘Any individual who is a citizen of the United States and who writes ‘Rangel Rule’ on the top of the first page of the return of tax imposed by chapter 1 for any taxable year shall be exempt from any requirement to pay interest, and from any penalty, addition to tax, or additional amount, with respect to such return.’.


Thus the "Rangel Rule." Under H.R. 735, if you're caught cheating on your taxes, you would pay what you owe, then write "Rangel Rule" at the top of your return, and you wouldn't be charged any penalty or interest. That way, Carter said when he introduced the bill, ordinary taxpayers would be "treated with the same courtesy that, it seems, the IRS is treating the chairman of the Ways and Means Committee."
IT'S A FACT: "Chuckie-Cheese" Ineffective!! Schumer The Worst!!
Given as big a windbag that Senator 'Chuckie-Cheese' Schumer is, one would think he could get crap done!  Apparently not though:  Since 1989, 89% of the 654 bills he's introduced in the Senate have DIED!!  That means just 72 have been passed into law.  While it's the worst record in the current Senate, it's a good thing for us:  The less from his fascist opinions; the less from his venomous pen-the better for the citizens!!
Til Nex'Time....


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