Rep. Gary Miller Steals Millions in Land Deals

[donsu]

http://www.dailykos.com/storyonly/2006/8/13/211357/368


Gary Miller (R-CA 42) LA Times: Republican Congressman Steals Millions in Land Deals


The LATimes is reporting that U. S. Rep Gary Miller has avoided paying millions on real estate profits by lying to the IRS. Apparently, he sold 165 acres of land to the city of Monrovia and told the IRS that Monrovia had forced him to sell the property under threat of eminent domain. This would allow him to shelter the profits from capital gains for more than two years before reinvesting the money.

There is just one small problem: Monrovia officials deny threatening to force the sale and say that he sold the land willingly! Uh-oh! Those IRS guys can be a nasty lot.

-snip-

Miller also claimed the same exemption in 2 subsequent Fontana, CA property transactions. This allowed him to continue to shelter his profits from the Monrovia sale. And . . . what a coincidence!!! the purchasers say that eminent domain was neither used nor threatened.

For those of you unfamiliar with the Honorable Mr Miller, he is a multimillionaire land developer in the Inland Empire area of California. This area includeds: Riverside, San Bernardino, Redlands, Moreno Valley, Fontana and a lot of smaller little towns. The area is quite red. And, Miller has been considered quite safe in his district. He is a senior member of the House Transportation and Infrastructure Committee. His repeated use of the forced-sale exemption has enabled him to defer capital gains taxes through 2009. Another graduate of the Denny Hastert School of Enriching oneself through shady real estate deals.

-snip- lots more with links
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may he rot in prison

[zbdent]

1. come, come, now, no self-respecting Republican would ever lie for

personal gain ... :sarcasm:

'sides, the IRS is busy doing other stuff, they can't go after people who cheat on their taxes to the tune of millions of dollars ... They're busy harassing people on welfare ...

[whistle]

2. These republican wolves in sheep's clothing will steal even the gold...

...from our teeth given half a chance :wtf:

[OneTwentyoNine]

3. Yeah...lets see what the IRS does with this....

My guess is nothing more than a lame ass fine,which won't get paid back and a slap on the wrist. If it was some Joe six-pack doing some cheating his ass would be grass.