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Trump's Taxes - Turns out - the man is a fraud and deeply in debt!

Discussion in 'BBS Hangout: Debate & Discussion' started by DaDakota, Sep 28, 2020.

  1. dobro1229

    dobro1229 Contributing Member

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    A. Actually it's still a crime. Do you think crimes should go unpunished? Do you not Back the Blue?
    B. That's a slap in the face to those who aren't extremely wealthy? It was ONLY 1.7 million dollars guys... that's not THAT much money. Oh by the way, you little guy out there making 40K a year... PAY YOUR TAXES!! Your comment here on this seems very Elitist.
    C. The prosecutor in this case isn't running for re-election.
    D. The Grand Jury approved of these charges. Are you saying that the Grand Jury was paid off by the DNC or something? Please provide evidence.
    E. If just one of Hillary's associates accounted for 1.7 million dollars in theft at Hillary's direction, what would you be saying about that?

    Please put in writing that if the Clinton Association was brought up on similar charges that you would be just as ticked off.

    Also: Democrats' best chance in 2024 is if Trump WAS on the ticket. Every single lick of evidence shows that Trump was the reason why Democrats won in 2018, and in 2020. There's no reason why in 2024 that Trump would have a Chris Paul type of story. What would Trump have done between November of 2020 and October 2024 to make himself a more viable candidate for the key suburban and swing state voters?
     
    adoo likes this.
  2. adoo

    adoo Member

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    the mental midget is publicizing his stupidity again,

    this time, that he doesn't understand what "key officers of the company" means​

    a glutton for punishment
     
    #182 adoo, Jul 2, 2021
    Last edited: Jul 2, 2021
    No Worries likes this.
  3. adoo

    adoo Member

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    warrants repeating

     
  4. Rocketman1981

    Rocketman1981 Member

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    As a percentage of income, i'm sure if I audited your taxes for the last 16 years I could find a small error of less than 1% a year.
    All of this hooplah and probes and subpoenas and investigations and allegations of fraud, Russia etc. and at the end Trump paid
    for an employees grandchildren's education and let him use a car.
    So nefarious! So evil.
     
  5. vlaurelio

    vlaurelio Contributing Member

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    LOL except it wasn't an error

    It was a scheme repeated for 15 years.not only with the CFO but with others as well.

    this is you

    [​IMG]
     
    IBTL and Blatz like this.
  6. adoo

    adoo Member

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    ur ill-informed.

    the AG found spreadsheets, most likely developed by the CFO, that documented the intentional fraud over a 15-yr period.
    in lieu of pay raises, which are subject to taxation,
    the CFO was getting un-taxed benefits.
     
    dobro1229 likes this.
  7. pgabriel

    pgabriel Educated Negro

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    So you can't find a link saying Ivanka is part of the investigation. Do you think if the media knew Ivanka was part off the investigation they wouldn't highlight that?
     
  8. dobro1229

    dobro1229 Contributing Member

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    You obviously didn’t even read the charges. Do your homework and then come back and anger post.
     
  9. Agent94

    Agent94 Member

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    They are trying to roll the guy to get more dirt. He is either going to flip or take the bullet. Trump brags about cheating on his taxes, so there is probably more to it than this.
     
  10. Os Trigonum

    Os Trigonum Contributing Member
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    "Indicting the Trump Organization":

    https://www.wsj.com/articles/indicting-the-trump-organization-11625264755?mod=hp_opin_pos_2

    Indicting the Trump Organization
    Years of investigation and prosecutors come up with a small tax case.

    By The Editorial Board
    July 2, 2021 6:25 pm ET

    Democrats of all stripes have devoted years to investigating Donald Trump and finding very little. The latest example is Thursday’s indictment of the Trump Organization and its chief financial officer for classifying employee benefits as business expenses rather than compensation.

    Manhattan D.A. Cyrus Vance Jr. and New York Attorney General Letitia James subpoenaed millions of documents and years of tax returns, and that’s all they’ve come up with. The indictment lists 15 criminal counts, including second degree grand larceny. But the evidence in the indictment boils down to misreporting compensation to the Internal Revenue Service and New York tax authorities.

    Prosecutors allege that Allen Weisselberg, the 73-year-old accountant and CFO, received as much as $1.76 million in compensation over a 16-year-period—for cars, an apartment rental, and tuition for Mr. Weisselberg’s grandchildren at a private school—in a way that kept them off the books for tax purposes. The indictment says he avoided paying $901,112 he owed in taxes and collected federal and state tax refunds of $133,124 he wasn’t entitled to.

    If true and willful, this is rotten behavior. But it isn’t Teapot Dome, and disguising compensation as expenses is far from unusual in corporate America. It’s typically handled as a civil matter and settled with the payment of back taxes, interest and fines. It is rarely the basis for a criminal indictment.

    The prosecutors are throwing the book at Mr. Weisselberg to get him to turn state’s evidence against the former President. The same goes for the highly unusual decision to indict the Trump Organization, which is presumably intended to squeeze its business prospects. Notably, neither Mr. Trump nor his children who run the business were charged.

    The political motives at work are transparent. Mr. Vance has pursued Mr. Trump and his tax records for years, even as street and violent crime proliferates in New York City. Ms. James campaigned on a promise to shine “a bright light into every dark corner of his real estate dealings, and every dealing, demanding truthfulness at every turn.” She all but promised a selective prosecution—that is, pick a target, then search for a crime to allege.

    This is precisely the practice Supreme Court Justice Robert Jackson famously warned against in his advice to prosecutors about abusing their vast powers, as our friends at the New York Sun remind us. That temptation is worse when it looks like political targeting.

    In 2017 we criticized Mr. Trump for urging his Attorney General to charge Hillary Clinton, saying the push to “prosecute his defeated opponent is the kind of crude political retribution one expects in Erdogan’s Turkey or Duterte’s Philippines.” Mr. Trump’s AGs were wise enough to resist, but some state GOP prosecutors will eventually return Mr. Vance’s favor against a Democratic target.

    The expectation among Democrats is that the charges will finally diminish Mr. Trump’s political appeal, but will they? Like impeachments one and two, the case gives Mr. Trump another chance to portray himself as the populist knight taking on the corrupt powers that be. If the charges fail in court, and prosecutors have nothing else, Mr. Trump will claim blanket vindication.

    Appeared in the July 3, 2021, print edition.
     
  11. Os Trigonum

    Os Trigonum Contributing Member
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    Trophy Kill: Trump CFO Does Perp Walk Over Corporate Perks

    https://jonathanturley.org/2021/07/...rt-for-criminal-charges-over-corporate-perks/

    excerpt

    I admittedly view these cases through the lens of a longtime criminal defense attorney but few recognized the obvious problem of a big hunt and small game. It is not that Weisselberg himself is small game, he was a close associate at the top of this company. The charges are small game when these prosecutors pledged to pursue Trump and alleged major crimes. However, the charges are based on violations that are ubiquitous among corporate executives and rarely the subject of such a major prosecution. If prosecuting untaxed perks was really a focus of these offices, they would have to frog march half of Manhattan to the hoosegow.

    ***
    I have made an analogy to Major League Baseball cracking down on substances on the hats and arms of pitchers. Pitchers knew that it was illegal but saw this as a common practice. Umpires did not monitor or punish pitchers for adding substances for better adhesions. As I said yesterday, this is obviously far more serious as an act. This is an alleged crime and a lot of money, particularly the payment of tuition which are hard and reliable figures. However, the question is whether this is a common practice has been the focus of major investigations let alone major criminal cases in the past. It also raises the question of selective prosecution.

    Weisselberg is charged with a scheme to defraud, conspiracy, four counts of criminal tax fraud and other crimes. However, the major charge is grand larceny in the second degree which can result in a sentence for as must as 15 years but it is extremely unlikely that a sentence would be long, let alone reach such levels. This is a first offender, elderly businessman who did not claim perks for taxes. It does not make him Mother Teresa but it also does not make him John Gotti.

    Here is the indictment: Weisselberg indictment
     
  12. rocketsjudoka

    rocketsjudoka Contributing Member
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    I'm going to point out that $1.76 million isn't an insignificant amount even spread out over 16 years. Dismissing this as just a small amount of Weisselberg's salary is exactly the kind of things that people, including Trump supporters, complain about when they talk about "elites" getting special treatment.
     
  13. pgabriel

    pgabriel Educated Negro

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    Considering the issue is the taxes on the 1.7MM over 16 years is insignificant especially considering all the hoopla over the alleged tax laws being broken
     
  14. rocketsjudoka

    rocketsjudoka Contributing Member
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    You're making my point.
     
  15. pgabriel

    pgabriel Educated Negro

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    Do you see billion dollar corporations getting in trouble over $100k in a year accounting issues? That's normal?
     
  16. rocketsjudoka

    rocketsjudoka Contributing Member
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    Again dismissing $100K in accounting issues, which is more than most people make a year, just because the party is rich is exactly the kind of thing that Populists complain about.
     
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  17. pgabriel

    pgabriel Educated Negro

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    Let's back up. I don't give a fuq about this guy and you don't either. A two year investigation Trump organization ensnared an employee for failing to report gifts as income

    So apparently the Trump organization did report the gifts. So you care this u didn't pay his taxes? Why?
     
  18. NewRoxFan

    NewRoxFan Contributing Member

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    The CFO of the former president's company (with the knowledge of the former president) intentionally cheats the American people of a million dollars and the trump supporters in their compulsion to defend trump want to shrug it off...
     
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  19. pgabriel

    pgabriel Educated Negro

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    I don't know why I'm bothered, the media didn't make a big deal about this. I think people need to understand the issue isn't the Trump organization, it's an employee and nobody cares that he was paid in perks

    Believe me Trump reported the perks to reduce his tax liability. A non story. This is what the Trump tax allegations have come to

    I'm not a Trump supporter and this doesn't matter now but you only solidify his base if you try to make a story of something like this
     
  20. vlaurelio

    vlaurelio Contributing Member

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    I expect ten times that once the total for family members and others in the close circle come out
     

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