Iowa (Republican) Congressman King disputes he wrongfully takes tax credit

[DU9598]

Source: Sioux City Journal

A political newspaper is reporting that U.S. Rep. Steve King, R-Iowa, is one of four lawmakers claiming what it says is a wrongful tax deduction on a second residence in the nation's capital. The Washington, D.C.,-based Roll Call newspaper reported Wednesday that King is receiving the homestead tax deduction for his one-bedroom condominium in Washington, D.C.

According to the report, claiming the deduction allows D.C. homeowners a reduction of $67,500 on the assessed value of their homes, which saved them $573.75 in 2009 property taxes. The newspaper also reported the deduction restricts to 10 percent the amount the assessed value a home can increase from one year to the next.According to the D.C. Office of Tax and Revenue, the homestead tax credit is for a person's principal residence. The congressman's official biography lists his residence in Kiron, Iowa, which is about 13 miles north of Denison.

Roll Call reported the three other congressmen, all Republicans, claiming the credit are Tom Petri of Wisconsin, Phil Gingrey of Georgia and Mike Rogers of Alabama.


Read more: http://www.siouxcityjournal.com/articles/2009/03/26/news/local/a4a7beff29050e748625758500097706.txt

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Steve King on Feb. 3rd: "Confirming Tom Daschle as Health Secretary would be an insult to the millions of Americans who work hard and pay their taxes on time. If President Obama continues to press for Daschle's confirmation, it sends a message to the American people that paying taxes is irrelevant and unnecessary. This nomination represents the height of hypocrisy from an Administration that promised change and new levels of transparency in government."

So, IF this charge is accurate I know we can all expect that Rep. King will not be a hypocrite and he will immediately resign his office.

[sinkingfeeling]

1. Wow, I thought any fool knew you can only claim homestead exemptions on your primary residence.

[mikeytherat]

4. The word "homestead" is an awfully big clue, but The Stupid is strong with some.

mikey_the_rat

[williesgirl]

2. All FOUR of them should be charged with tax fraud NOW. Then resign. rec'd

[progressoid]

3. Steve never fails to disappoint.

[nategreene]

5. Turns out DC was at fault

http://www.desmoinesregister.com/article/20090326/NEWS/90326033

[progressoid]

7. hmmm...

That link goes nowhere.

[WhiteTara]

6. cheating for $579. What scum

What the hell is $579?

[The abyss]

8. I know this heartland well – I don’t know the political hacks that claim representation.

It would appear that Ol’ Steve falls into the “I am god, screw you” category.

I don’t want to hijack this thread, but I am going to cross post a story that originally appeared in the LBN and was moved quickly into the state forums here: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=152x25148

Just who the hell authorizes this type of nonsense? What type of political whore would ask their taxpayers to “play this game”?

I am hoping that there is someone in Iowa that will document this “war game”.

DU9598, I apologize for this cross link, flag it if need be.

[SpartanDem]

9. Oh God

please let this asshole be charged with evasion.