Tax Free

(Fox News) - The chairman of the house committee that writes the federal tax code has failed to report rental income on his own taxes for the last 10 years according to The New York Times. The paper writes that Ways and Means Chairman Charles Rangel has earned more than $75,000 on a villa he owns at a resort in the Dominican Republic. The property rents for at least $500 a night.

The lawyer for the New York Democrat says Rangel will most likely file amendments to his tax returns for the years in question, but that the congressman was unaware of the payments because his wife handles family finances.

The New York Post reported last weekend that Rangel had failed to declare the rental income for 2006 and 2007 on his congressional financial disclosure forms.