Donald’s taxes
- Thread starter Circlejoe
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Of course he's a fraud, but any bank loaning money to him without accurately appraising the property and asking for audited financials is in on it. Same goes for underpayment of property taxes.
When you add up the tax liabilities with the loans coming due plus the future attorney fees, The Donald has some big issues.
Mark Cuban was the first person I recall pointing this out. It got under trump's skin so badly that trump reacted with the old reliable "Who is Mark Cuban, I don't recall meeting him".
From the Times: "It is important to remember that the returns are not an unvarnished look at Mr. Trump's business activity. They are instead his own portrayal of his companies, compiled for the I.R.S. But they do offer the most detailed picture yet available."
That depends on how the debt is structured and assigned. Unlikely a significant risk for him.
Trump claims the info is “fake” and “made up” (because of course he does) but he also says the info was “illegally obtained”.
Question for lawyers, how do you “illegally obtain” something you allegedly just “made up”?
No way Trump got his hair done for $70K. That structure requires a mechanical engineer and two trips to Lowes to get right.
If they are a lying, they should probably be fined and imprisoned. I'm fine with that. Put them through the judicial system. Make it happen shooter.
A prospective bank or lending institution may or may not be in on it; and, if they are, then they absolutely lay burden to plenty of that responsibility. However, in either case - whether the bank/lender is in cahoots on the scheme or not - my point was to contend the notion that the loan applicant (in this case Donald Trump) bears no responsibility for the information that he or she provides and signs off on in acknowledgment to its accuracy in good faith to the best of their knowledge, is not only laughable, it also couldn't be further from the truth or the law for that matter.
Income tax fraud maybe but avoidance of Federal Gift and Estate tax more likely, which is a way steeper tax.
I know you despise the Trumps Mark, but you think this is somehow this supposed bombshell is new to the IRS? They've likely audited him and his enterprises many times during many administrations.
You would think so, wouldn't you? Do the payments to Ivanka for consulting sound kosher to you? Perhaps they didn't look into the company -- owned by Ivanka -- they were paid to. Otherwise, I dunno.
There very well may be nothing technically illegal going on, but that doesn't make it any less sordid.
There is special place in hell for some family businesses and a special place in heaven for anyone who works for one.
I'm not versed in tax rules, but if Ivanka actually provided consultation and services and her income was taxable, then what exactly is the problem? If that income was somehow not taxable then I would be quite skeptical.
I assume you feel the same way about Congresswoman Omar, who paid her ex-Mister, now husband hundreds of thousands of dollars out of political funds for "consultation"?
That would be an old slur renaming the New York Times by substituting a rhyming word. I assume you can figure it out from here.
(Hint to the poster that reads no papers and watches no news - The New York Times is a newspaper published in New York City.)
You and ribbont need to re-read twenty02’s post. You’re both really struggling with this which is not completely surprising. Try to pretend you’re literate and give it the old college try. I believe in you.
Surprisingly, I have heard of the Times, but was not familiar with that slander. Not cool...
I don't know. All I know is it smells. Bill may have pointed out the real motivation.
Sure. That smells too. Although I don't know if there would be some distinction between campaign expenses and business expenses. Was he on the payroll as well?
Shouldn’t we hold the POTUS to a higher standard than just a guy who cheats on his taxes? This seems so obvious to me.
Also, I was mistaken about reading or watching no news. I do subscribe to Heather Cox Richardson on FB & read it occasionally, but not daily. I would highly recommend her to anyone looking for an alternative to mainstream media, but she is certainly slanted to the left...it was an honestly accidental omission.
When will you understand that nobody cares about your drivel? But keep posting nonsense.
Avoidance of gift and inheritance tax? Could be though $750K isn't that much. But, I wasn't privy to those laws as my family never had the means to worry about that stuff, so I can't claim to know either way.
If those business expenses were taxpayer funded (I have no idea how the Trump hotel world operates), there could be a legitimate comparison. These were funds provided to her campaign by the DNC and/or donors that were used to pad her SO's pockets.
This seems to be lost to many on this board. Must be a symptom of trickle-down leadership.
And, have you noticed, right on cue, all the people who don’t support Trump, never even dreamed of voting for Trump and swear they never would vote for Trump have all simultaneous jumped to the “is it illegal, or just shady-looking” argument.
He cheats at golf. How much lower can you get?
Duh...nobody voted for T.rump, and nobody supports him. He was somehow magically enchanted into the Oval Office by some sort of Dem witchcraft, which is really confusing, seeing how the Right sure is trying to blame President Biden for the last four years. Either way, it's the Lefties' fault.
If that's your barometer, then what were your thoughts on Billy? Genuinely curious.
I was never in the impeach camp and in revisiting with today's view, still don't find myself with Newt and the others.
In all fairness, President Biden did really let the country go to shit over the last four years. It’s time for change. We can’t let President Biden get re-elected.
If that's your barometer, then what were your thoughts on Billy? Genuinely curious.
I was never in the impeach camp and in revisiting with today's view, still don't find myself with Newt and the others.
God bless your strength. How do you do it?
If that's your barometer, then what were your thoughts on Billy? Genuinely curious.
I was never in the impeach camp and in revisiting with today's view, still don't find myself with Newt and the others.
I’m probably in the same camp. I don’t think it was worthy of impeachment. However, I do think it was worthy of condemnation. Bill is not a great guy.
One doesn't typically get consulting work from the organization they already work for. But it doesn't really eliminate the tax burden. Trump Org could deduct it, but she'd have to then claim it as income. It's obviously some tax optimization going on there, but not necessarily nefarious
$70k deductions for Don's hair work? That sounds dubious legally. Running personal expenses though a business is a big no- no.
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