Fair Tax
(Fox News) - Texas Republican Congressman John Carter says he wants everyone to get the same treatment when it comes to taxes. He has introduced what he's calling the "Rangel Rule."
"Under the bill, any U.S. citizen who owes back taxes can pay them and automatically waive all interest and penalties by writing 'Rangel Rule' on their return."
Rangel is Congressman Charles Rangel — the Democratic House Ways and Means Committee chairman — who admitted he failed to pay taxes on rental income for years. He has apologized and agreed to pay back taxes. But Carter says Rangel hasn't paid interest or penalties.
Treasury Secretary Timothy Geithner has also apologized for what he calls his tax "oversight", but also paid no penalties. The same goes for Health and Human Services Secretary-designate Tom Daschle.
"Under the bill, any U.S. citizen who owes back taxes can pay them and automatically waive all interest and penalties by writing 'Rangel Rule' on their return."
Rangel is Congressman Charles Rangel — the Democratic House Ways and Means Committee chairman — who admitted he failed to pay taxes on rental income for years. He has apologized and agreed to pay back taxes. But Carter says Rangel hasn't paid interest or penalties.
Treasury Secretary Timothy Geithner has also apologized for what he calls his tax "oversight", but also paid no penalties. The same goes for Health and Human Services Secretary-designate Tom Daschle.
posted by BP News Bureau | 9:48 AM
1 Comments:
Is there anyone out there that would be in favor of trying to get the majority of Federal and / or State tax payers to adjust their W4''s so that they break even on their tax refund. This could be a huge problem for the government especially now. This would step #1, with the next step being for tax payers who owe money to file for an extension. If even 50% of the nations filers would follow this mini revolution, the US Government would see just how fed up the American public is.
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