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Reply #60 posted 09/28/20 2:30pm

OnlyNDaUsa

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maplenpg said:

AMERICA1ST said:

If it was legal, how is it a sham? Is it like the SCOTUS situation where it is legal but liberals act like it is not because they dont like it? eek biggrin

[Edited 9/28/20 8:47am]

If it's all legal, why doesn't he make them public and admit he played the system legally? Instead he calls it fake news. There's one easy way to sort this.

because he is not required to and you have zero right to see them.

No Matter How ANYONE tries to justify it our rights, freedoms, and Liberties are being restricted in the name of COVID-19.
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Reply #61 posted 09/28/20 2:42pm

OnlyNDaUsa

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the title is misleading he did not try to hide them... but they were stolen and illegay published and like the last time show nothing criminal. Keep in mind that these were all audited... and the IRS may have accepted them or may not have at which time he is given time to make corrections or appeal. Still not a crime. Unless he LIED. But taking a way too generous deduction, credit, or adjustment is not a crime.


it is funny how he is being attacked for following laws passed by obama!

No Matter How ANYONE tries to justify it our rights, freedoms, and Liberties are being restricted in the name of COVID-19.
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Reply #62 posted 09/28/20 2:58pm

TruthBomb

OnlyNDaUsa said:

the title is misleading he did not try to hide them... but they were stolen and illegay published and like the last time show nothing criminal. Keep in mind that these were all audited... and the IRS may have accepted them or may not have at which time he is given time to make corrections or appeal. Still not a crime. Unless he LIED. But taking a way too generous deduction, credit, or adjustment is not a crime.


it is funny how he is being attacked for following laws passed by obama!


Thank God there is at least one person here with some common sense - great job!
[Edited 9/28/20 14:58pm]
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Reply #63 posted 09/28/20 3:01pm

benni

WASHINGTON - Following is a statement from Steve Wamhoff, federal policy director at the Institute on Taxation and Economic Policy, regarding a New York Times report that revealed President Trump paid $0 in federal income taxes in 10 of the last 15 years and just $750 in 2016 and 2017.

“The New York Times’ revelation of Trump’s years of dodging taxes confirms something we already know. There are two tax systems: one that most of us follow and another far more generous one for the very rich.

“In a detailed report, ITEP outlined how tax rules are particularly permissive for wealthy real estate investors like Trump, especially when it comes to when and how they can report losses to wipe out other income.

“Business owners have income from a venture only if it is profitable, so some rules are necessary to recognize when a venture fails to profit. But so-called ‘losses’ allowed by federal tax rules are not what most people think of when they hear the word ‘losses.’

“A business owner can report a loss when expenses exceed revenue, but the expenses that Trump reports are problematic to say the least. For example, some of his reported expenses appear to involve overcompensating family members through ‘consulting fees,’ which can have the added bonus of avoiding payroll taxes.

“ITEP has explained why many of the ‘business losses’ reported by the rich exist only on paper and why Congress recently made a mistake when it included a provision in the CARES Act that made it even easier for wealthy business owners to claim these losses.

“While it is common for the wealthy to use the tax code this way, Trump is in a league of his own. His losses seem to be, in many cases, more than just paper losses. Anything he is personally involved in tends to lose money. And it is possible that his various maneuvers do, in fact, exceed what is allowed by the law. The IRS may soon find that he owes more than $100 million, according to the Times.

“But the fact is that Trump has been able to get by for years with sketchy claims on his tax returns, including his endless business deductions for clearly personal expenses and his claim that a mansion is a business investment despite publicly identifying it as a family residence. Trump’s decades-long ability to avoid consequences for this tax dodging demonstrates that he enjoys a set of rules more generous than anything the rest of us can imagine.

“The New York Times report did not include Trump’s tax returns for 2018 and 2019, the first two years after the 2017 Tax Cuts and Jobs Act went into effect. The law opened new tax avoidance opportunities for wealthy business owners.

“F. Scott Fitzgerald wrote, ‘Let me tell you about the very rich. They are different from you and me.’ As Fitzgerald knew, they often play by their own set of rules. Trump may not be as rich as he says, and he may be losing money by the minute, but when it comes to his taxes, he still fits that description.”

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Reply #64 posted 09/28/20 3:05pm

benni

TruthBomb said:

OnlyNDaUsa said:

the title is misleading he did not try to hide them... but they were stolen and illegay published and like the last time show nothing criminal. Keep in mind that these were all audited... and the IRS may have accepted them or may not have at which time he is given time to make corrections or appeal. Still not a crime. Unless he LIED. But taking a way too generous deduction, credit, or adjustment is not a crime.


it is funny how he is being attacked for following laws passed by obama!

Thank God there is at least one person here with some common sense - great job! [Edited 9/28/20 14:58pm]


Except that he has tried to hide them, repeatedly. He has gone to court to prevent his tax records from being seen by investigators, including NY Prosecutors.

Also, they were not "stolen and illegally published." The Times obtained them from individuals that had a legal right to have those returns. And the Times published their report on what was in the records based on a loophole (we know how you all like Trump using loopholes, especially with his taxes), that states that they provide that information if it gives information to the public not previously known that can have an impact upon an election.

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Reply #65 posted 09/28/20 3:58pm

DiminutiveRock
er

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benni said:

TruthBomb said:

OnlyNDaUsa said: Thank God there is at least one person here with some common sense - great job! [Edited 9/28/20 14:58pm]


Except that he has tried to hide them, repeatedly. He has gone to court to prevent his tax records from being seen by investigators, including NY Prosecutors.

Also, they were not "stolen and illegally published." The Times obtained them from individuals that had a legal right to have those returns. And the Times published their report on what was in the records based on a loophole (we know how you all like Trump using loopholes, especially with his taxes), that states that they provide that information if it gives information to the public not previously known that can have an impact upon an election.



It's the hiding that has always been suspect. If they are on the up and up, then why hide?

VOTE....EARLY
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Reply #66 posted 09/28/20 4:04pm

OnlyNDaUsa

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benni said:

TruthBomb said:

OnlyNDaUsa said: Thank God there is at least one person here with some common sense - great job! [Edited 9/28/20 14:58pm]


Except that he has tried to hide them, repeatedly. He has gone to court to prevent his tax records from being seen by investigators, including NY Prosecutors.

Also, they were not "stolen and illegally published." The Times obtained them from individuals that had a legal right to have those returns. And the Times published their report on what was in the records based on a loophole (we know how you all like Trump using loopholes, especially with his taxes), that states that they provide that information if it gives information to the public not previously known that can have an impact upon an election.

hiding is not the same as not reveling... but either way not illegal

No Matter How ANYONE tries to justify it our rights, freedoms, and Liberties are being restricted in the name of COVID-19.
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Reply #67 posted 09/28/20 4:05pm

OnlyNDaUsa

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DiminutiveRocker said:

benni said:


Except that he has tried to hide them, repeatedly. He has gone to court to prevent his tax records from being seen by investigators, including NY Prosecutors.

Also, they were not "stolen and illegally published." The Times obtained them from individuals that had a legal right to have those returns. And the Times published their report on what was in the records based on a loophole (we know how you all like Trump using loopholes, especially with his taxes), that states that they provide that information if it gives information to the public not previously known that can have an impact upon an election.



It's the hiding that has always been suspect. If they are on the up and up, then why hide?

acting suspicious on its own is not a crime and is not evidence of wrong doing

No Matter How ANYONE tries to justify it our rights, freedoms, and Liberties are being restricted in the name of COVID-19.
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Reply #68 posted 09/28/20 4:47pm

2elijah

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Oh the irony. Yet he paid no federal income tax 10 out of 15 years.

https://www.cnn.com/2020/...index.html


Trump in 2011 said lower-income Americans should have to pay taxes to 'be a part of the game' and said he paid 'a lot'

By Andrew Kaczynski, CNN
Updated 4:38 PM ET, Mon September 28, 2020


(CNN)Donald Trump in a 2011 interview said even Americans who don't earn much should have to pay something in taxes to be "part of the game."

Trump made the comments in a radio interview with conservative host Sean Hannity reviewed by CNN's KFile in which the two discussed Occupy Wall Street protesters' criticism that the wealthy evade taxes.

"Now everybody keeps saying down at Occupy Wall Street, the 1% -- which I'm sure you're a part of -- doesn't pay any taxes," Hannity said. "Do you not pay any taxes? I didn't know that."

"No, I pay tax," Trump responded. "I pay a lot of tax. I just signed a big fat check recently for a lot of tax. I paid literally, I paid a lot of tax and you know, look, I don't mind. I'm proud to pay it up. If I owe it, I pay it."


The comments are resurfacing after it was revealed Trump paid no federal income taxes in 10 out of 15 years beginning in 2000 because he reported losing significantly more than he made, according to an explosive report released Sunday by The New York Times.


According to The Times, "confidential records show that starting in 2010 [Trump] claimed, and received, an income tax refund totaling $72.9 million — all the federal income tax he had paid for 2005 through 2008, plus interest.
[Edited 9/28/20 16:50pm]
Always smile in the face of adversity. smile
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Reply #69 posted 09/28/20 5:10pm

DiminutiveRock
er

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2elijah said:

Oh the irony. Yet he paid no federal income tax 10 out of 15 years. https://www.cnn.com/2020/...index.html Trump in 2011 said lower-income Americans should have to pay taxes to 'be a part of the game' and said he paid 'a lot' By Andrew Kaczynski, CNN Updated 4:38 PM ET, Mon September 28, 2020 (CNN)Donald Trump in a 2011 interview said even Americans who don't earn much should have to pay something in taxes to be "part of the game." Trump made the comments in a radio interview with conservative host Sean Hannity reviewed by CNN's KFile in which the two discussed Occupy Wall Street protesters' criticism that the wealthy evade taxes. "Now everybody keeps saying down at Occupy Wall Street, the 1% -- which I'm sure you're a part of -- doesn't pay any taxes," Hannity said. "Do you not pay any taxes? I didn't know that." "No, I pay tax," Trump responded. "I pay a lot of tax. I just signed a big fat check recently for a lot of tax. I paid literally, I paid a lot of tax and you know, look, I don't mind. I'm proud to pay it up. If I owe it, I pay it." The comments are resurfacing after it was revealed Trump paid no federal income taxes in 10 out of 15 years beginning in 2000 because he reported losing significantly more than he made, according to an explosive report released Sunday by The New York Times. According to The Times, "confidential records show that starting in 2010 [Trump] claimed, and received, an income tax refund totaling $72.9 million — all the federal income tax he had paid for 2005 through 2008, plus interest. [Edited 9/28/20 16:50pm]



Cohen said he would give inflated property values to insurance companies which is fraud... I am sure he lied to he IRS repeatedly also.


SDNY.... wait for it wink

VOTE....EARLY
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Reply #70 posted 09/28/20 5:33pm

v10letblues

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OnlyNDaUsa said:

the title is misleading he did not try to hide them... but they were stolen and illegay published and like the last time show nothing criminal. Keep in mind that these were all audited... and the IRS may have accepted them or may not have at which time he is given time to make corrections or appeal. Still not a crime. Unless he LIED. But taking a way too generous deduction, credit, or adjustment is not a crime.


it is funny how he is being attacked for following laws passed by obama!

Nope for 4 years he's been trying to hide his returns.

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Reply #71 posted 09/28/20 6:25pm

OnlyNDaUsa

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not waving your rights is not hiding...

No Matter How ANYONE tries to justify it our rights, freedoms, and Liberties are being restricted in the name of COVID-19.
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Reply #72 posted 09/28/20 6:26pm

OnlyNDaUsa

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oh and nothing in any the stolen returns show crimes...

No Matter How ANYONE tries to justify it our rights, freedoms, and Liberties are being restricted in the name of COVID-19.
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Reply #73 posted 09/28/20 6:28pm

SoulAlive

dump Trump in November!
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Reply #74 posted 09/28/20 6:47pm

TruthBomb

Dems always trying to create pathetic distractions

More importantly is what’s Biden hiding?

ALL of the truth is coming out...enjoy the show 😂
[Edited 9/28/20 18:47pm]
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Reply #75 posted 09/28/20 6:50pm

v10letblues

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OnlyNDaUsa said:

not waving your rights is not hiding...

Why doesn't he show them like everyone else? Like he said would?

BECAUSE HE HAS SOMETHING TO HIDE

lol

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Reply #76 posted 09/28/20 6:51pm

PennyPurple

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Ivanka may be in deep doo, too. biggrin


1) In at least two deals -- hotels in Hawaii and Vancouver, Ivanka Trump appears to have double-dipped -- serving as both a project manager in her official capacity as a senior staffer for her father's company and as a "consultant" to those same projects.
2) In those deals, Ivanka Trump's apparent categorization as a "consultant" allowed her father to write off three-quarters of a million dollars. (The IRS allows "consulting fees" to be written off as business expenses.)
CNN.com
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Reply #77 posted 09/28/20 7:22pm

benni

Where Trump could likely face legal issues regarding his taxes:

1. In 2010, Trump received a refund of $72.9 million. This is what has been under audit for all these years. Feds are saying that the refund may not be legal. Trump was able to claim the refund because Trump claimed $1.4 billion in losses in 2008 and 2009. Of course, since he claimed that refund, he also got a refund from states worth $21.2 million, which the states can then also get that money back from him. If the feds find that he exaggerated his losses, Trump will have to repay that amount and could be charged with tax fraud (in New York state too). But that is STILL under audit.

2. Trump wrote off $26 million in consulting fees between 2010 and 2018. Of these fees that he wrote off $747,622 were paid to a consulting firm that Ivanka owned half of the firm. Interestingly enough, Ivanka claimed she received $747,622 in consultant fees through that firm. Ivanka was also working for Trump's business at the time. There would have been no reason to pay Ivanka the consulting fees since she was employed by his company and received a salary. This would also be considered tax fraud.

3. Trump wrote off his 230 acre Westchester Esate as an investment property. An investment property indicates that they are renting the property out and that it is not "personal" property. However, on the Trump business site, they label it as a Trump family retreat and do not list it as available for rent, nor as an investment property. By classifying it as an investment property (though they list it as personal property on the Trump organization website), he was able to write $2.2 million in property taxes. Trump also got a $21.1 million charitable tax deduction by promising to not develop the land surrounding the property. (While it's not illegal to claim the charitable tax deduction as long as he doesn't develop the land, it's not legal to claim the property as an investment property, take a tax deduction from that, and then only use it as personal property.)

[Edited 9/28/20 19:24pm]

[Edited 9/28/20 19:27pm]

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Reply #78 posted 09/28/20 10:53pm

lust

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A population of 320 million who are privileged to get to choose their leader and they choose a tax dodging sex pest!

Trump isn’t the problem. He’s a symptom!
If the milk turns out to be sour, I aint the kinda pussy to drink it!
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Reply #79 posted 09/29/20 1:44am

phunkdaddy

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benni said:

Trump looks pretty resigned here:


https://www.facebook.com/...0cTeNLhSV1



Is anyone surprised? We knew he was a lying turd and coward.
Lock him up! Lock him up! hammer
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Reply #80 posted 09/29/20 2:22am

IanRG

OnlyNDaUsa said:

the title is misleading he did not try to hide them... but they were stolen and illegay published and like the last time show nothing criminal. Keep in mind that these were all audited... and the IRS may have accepted them or may not have at which time he is given time to make corrections or appeal. Still not a crime. Unless he LIED. But taking a way too generous deduction, credit, or adjustment is not a crime.


it is funny how he is being attacked for following laws passed by obama!

.

As ever you understanding of law is seriously compromised.

.

Sec. 7201. Attempt to evade or defeat tax
Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or imprisoned not more than 5 years, or both, together with the costs of prosecution.[4]

.

Willfully evading payment of tax by taking a way too generous deduction, credit or adjustment is a felony crime. It is extremely unlikely that trump was acting in a good faith belief that he did not know he was conducting tax evasion by taking too generous deductions, credits or adjustments or understanding incomes, so Cheek vs USA does not apply. The IRS does not share your belief:

.

Taxpayers should think twice before overstating deductions such as charitable contributions, padding business expenses or including credits that they are not entitled to receive – like the Earned Income Tax Credit or Child Tax Credit.

Each year, increasingly efficient automated systems generate most IRS audits. The IRS can normally audit returns filed within the last three years. Additional years can be added if substantial errors are identified or fraud is suspected. Although there is no way to entirely avoid an audit, preparing an accurate tax return is a taxpayer’s best defense.

Significant penalties may apply for taxpayers who file incorrect returns including:

  • 20 percent of the disallowed amount for filing an erroneous claim for a refund or credit.
  • $5,000 if the IRS determines a taxpayer has filed a “frivolous tax return.” A frivolous tax return is one that does not include enough information to figure the correct tax or that contains information clearly showing that the tax reported is substantially incorrect.
  • In addition to the full amount of tax owed, a taxpayer could be assessed a penalty of 75 percent of the amount owed if the underpayment on the return resulted from tax fraud.

Taxpayers may be subject to criminal prosecution and be brought to trial for actions such as:

  • Tax evasion
  • Willful failure to file a return, supply information, or pay any tax due
  • Fraud and false statements
  • Preparing and filing a fraudulent return,

.

In Only speak you are correct: it is not a crime, it is felony crime.

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Reply #81 posted 09/29/20 2:30am

jaawwnn

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Nothing will come of this, he will never be tried, he will never be convicted, it doesn't matter if it's illegal because no one will enforce it.

"I think people ought to know that we're anti-fascist, we're anti-violence, we're anti-racist and we're pro-creative. We're against ignorance."
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Reply #82 posted 09/29/20 2:35am

IanRG

jaawwnn said:

Nothing will come of this, he will never be tried, he will never be convicted, it doesn't matter if it's illegal because no one will enforce it.

.

True

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Reply #83 posted 09/29/20 3:18am

v10letblues

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lust said:

A population of 320 million who are privileged to get to choose their leader and they choose a tax dodging sex pest! Trump isn’t the problem. He’s a symptom!

And that's just the latest thins this week..

every day it's something jsut as bad or worse than the day before.

That's how bad this asshole is. And how bad the ignorant cult is

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Reply #84 posted 09/29/20 3:19am

v10letblues

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jaawwnn said:

Nothing will come of this, he will never be tried, he will never be convicted, it doesn't matter if it's illegal because no one will enforce it.

That's the spirit!

You should sign up for cheerleading after school.

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Reply #85 posted 09/29/20 3:29am

jaawwnn

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v10letblues said:

jaawwnn said:

Nothing will come of this, he will never be tried, he will never be convicted, it doesn't matter if it's illegal because no one will enforce it.

That's the spirit!

You should sign up for cheerleading after school.

Maybe I can join all the dems busy rehabilitating and cheerleading for George Bush junior, a man responsible for a million deaths who walks free.

"I think people ought to know that we're anti-fascist, we're anti-violence, we're anti-racist and we're pro-creative. We're against ignorance."
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Reply #86 posted 09/29/20 3:54am

v10letblues

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jaawwnn said:

v10letblues said:

That's the spirit!

You should sign up for cheerleading after school.

Maybe I can join all the dems busy rehabilitating and cheerleading for George Bush junior, a man responsible for a million deaths who walks free.

Bush Jr is lucky. He was amongst the worst President in history up to Trump.

It's now scary to think what the Republican base will drag in to nominate next.

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Reply #87 posted 09/29/20 7:39am

2freaky4church
1

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Huffingtonpost said as long as Biden doesn't fall asleep he should do well.

All you others say Hell Yea!! woot!
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Reply #88 posted 09/29/20 8:38am

AMERICA1ST

2freaky4church1 said:

Huffingtonpost said as long as Biden doesn't fall asleep he should do well.

well he was awake when misquote all those numbers or said blacks were are not black if they didnt vote for him - maybe a nap or two might be to his advantage. He can just sleep while the moderator, the media, and the rest of the world beat up on Trump.

He will be declared the winner by any means so it will not matter though

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Reply #89 posted 09/29/20 8:41am

AMERICA1ST

OnlyNDaUsa said:

the title is misleading he did not try to hide them... but they were stolen and illegay published and like the last time show nothing criminal. Keep in mind that these were all audited... and the IRS may have accepted them or may not have at which time he is given time to make corrections or appeal. Still not a crime. Unless he LIED. But taking a way too generous deduction, credit, or adjustment is not a crime.


it is funny how he is being attacked for following laws passed by obama!

Right! It is the tax code that the Obama Administration put in place. Trump simply pimped it to the max like ALL billionaires do - even the ones that the left worships like the tech moguls who are beyond reproach.

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