Wednesday, May 06, 2009

Obama's tax dodge experts

Obama has the experts on dodging taxes. Rangel can show us how to. Geithner also. OBAMA'S TAX DODGERS . . . - New York Post: Here's a tip for President Obama: Next time you excoriate tax cheats, try to keep Rep. Charles Rangel's name out of the discussion. Somehow, it doesn't further your case. Yet that's precisely what Obama did Monday, singling out the powerful Harlem congressman for praise as he announced legislation meant to close what he calls tax "loopholes" for corporations that expand their operations abroad. Rangel, of course, knows a thing or two about offshore tax shelters: He'd been operating one for years. The congressman had to fork over nearly $11,000 in back taxes last year after The Post reported that he failed to disclose more than $75,000 in rental income on his Dominican Republic villa. Plus, he's under investigation by a House committee for allegedly helping a company preserve its offshore tax loophole -- in exchange for a million-dollar gift to a school named in his honor.

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