even more taxes than we knew, apparently.
House Ways and Means Chairman Charles B. Rangel , already beset by a series of ethics investigations, has disclosed more than $500,000 in previously unreported assets.
Among the new items on Rangel’s amended 2007 financial disclosure report were an account at the Congressional Federal Credit Union worth at least $250,000, an investment account with at least $250,000, land in southern New Jersey and stock in PepsiCo and fast food conglomerate Yum! Brands. None of those investments appeared on the original report, which was filled out by hand and filed in May 2008.
Rangel also revised his disclosed investment income from 2007. The original report showed he had received between $6,511 and $17,900, but the new report shows between $45,423 and $134,700. The report also includes eight previously undisclosed financial transactions.
The new 2007 report contains more than a dozen differences from the original version, including amended amounts in previously disclosed accounts and different amounts of income from those holdings.
In 2008, Rangel emptied several of his smaller investment accounts and concentrated his holdings in a smaller number of funds. His total net worth at the end of 2008 was between $834,013 and $2,010,000.
Let's see, he can't figure his worth closer than an error factor of $1.2 million? Gee, I wonder how many other 'errors' and how much more 'carelessness' we'll find out about? And how much tax hasn't been paid by the guy in charge of writing tax law?