
The New York Times says in Friday editions that documents and a lawyer for Rangel confirm that the congressman profited from the resort, but didn’t pay taxes over several years.
Rangel is the chairman of the House Ways and Means Committee, which is responsible for federal tax code.
An attorney for the congressman says Rangel will mostly likely file amendments for the years in which he did not pay taxes on the property.
Rangel says in a statement that he has asked his accountant to review tax data and verify the facts
Source: WNBC
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