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So wealthy person with kids finds all sorts of ways to legally avoid paying taxes, teaches his kids how to do it, and they in turn also use all sorts of ways to legally avoid paying taxes. And?
Where did you see the word "legal" in the NYT article? I didn't see any mention of the legality of his conduct. The article notes that he couldn't be prosecuted because the statute of limitations has run.
Quote:
Originally Posted by Volobjectitarian
The Trumps get audited almost every year. All of them, every year. If there was something there to prosecute or penalize, it would have already been done.
That doesn't mean anything.
Quote:
Madoff Securities LLC was investigated at least eight times over a 16-year period by the U.S. Securities and Exchange Commission (SEC) and other regulatory authorities.
They failed to shut down Madoff even after the SEC received a 17-page letter titled, "The World's Largest Hedge Fund is a Fraud."
You could also ask why the IRS didn't catch Manafort. Or why multiple regulators allowed Elizabeth Holmes to get away with fraud for years. The reality is that state and federal regulators are undermanned and underresourced and can't investigate everything. And in some cases, they are flat out negligent or discouraged from digging too deep into things depending on the connections and status of the subjects involved.
Taxes, if you think the IRS cares what political party someone is your mistaken.
The IRS audits him every year and his taxes and books are open because he is Trump. Remember Trump wasnt always a "republican" and donated to many different political parties.
I think what you mean to say is that a known liar SAID that the IRS audits him each year.
Could you provide proof of his being audited EACH YEAR for 40 years? I didn't think so. Let's move on. We know he was lying because he said he'd release them after the Audit. He didn't.....
It's usually only a question of whether he is lying 50%, 70% or 90% of the time. We could debate that point, but not that he's not a known liar.
NYTIMES hahahahaha says it all, send over a couple of undercover cops, Tell them an FB LIE LEAK IS ON THE WAY....
His father hired paid tax professionals to do all the work,
Like Trump Org. CFO Allen Weaselberg, who recently was granted immunity by federal prosecutors in their investigation of Trump's personal lawyer Mikey "the Fixer" Cohen, who recently plead guilty to 8 felony counts in federal court. This piece by the New York Times is just the tip of the iceberg of Trump corruption (tax fraud, bank fraud, campaign finance violations, etc., etc.). Stay tuned. The best (or worst for Trump and his Trumpies) is yet to come.
This is an interesting article. No wonder most of the world doesn't trust him. He rode the coattails of his father and has dodge taxes since he was an adult. Many people have doubted Trump's stories of how he became successful, with good reason. The findings are credible.
The Trumps’ tax maneuvers show a pattern of deception, tax experts say
The findings are based on interviews with Fred Trump’s former employees and advisers and more than 100,000 pages of documents describing the inner workings and immense profitability of his empire. They include documents culled from public sources — mortgages and deeds, probate records, financial disclosure reports, regulatory records and civil court files.
The investigation also draws on tens of thousands of pages of confidential records — bank statements, financial audits, accounting ledgers, cash disbursement reports, invoices and canceled checks. Most notably, the documents include more than 200 tax returns from Fred Trump, his companies and various Trump partnerships and trusts. While the records do not include the president’s personal tax returns and reveal little about his recent business dealings at home and abroad, dozens of corporate, partnership and trust tax returns offer the first public accounting of the income he received for decades from various family enterprises.
In Mr. Trump’s version of how he got rich, he was the master dealmaker who broke free of his father’s “tiny” outer-borough operation and parlayed a single $1 million loan from his father (“I had to pay him back with interest!”) into a $10 billion empire that would slap the Trump name on hotels, high-rises, casinos, airlines and golf courses the world over. In Mr. Trump’s version, it was always his guts and gumption that overcame setbacks. Fred Trump was simply a cheerleader.
Certainly a handful of journalists and biographers, notably Wayne Barrett, Gwenda Blair, David Cay Johnston and Timothy L. O’Brien, have challenged this story, especially the claim of being worth $10 billion. They described how Mr. Trump piggybacked off his father’s banking connections to gain a foothold in Manhattan real estate. They poked holes in his go-to talking point about the $1 million loan, citing evidence that he actually got $14 million. They told how Fred Trump once helped his son make a bond payment on an Atlantic City casino by buying $3.5 million in casino chips.
To those who cheer that someone was able to get away with fraud.....whether or not it is ever fully prosecuted. Please ask yourself this question??
Are you the type of person who likes to see "slip and fall" or "fake accidents...or pumped up doctors reports" result in million dollar settlements from insurance companies? Or, are you the type of person who realizes such people and schemes mean YOU AND I pay a lot more money?
I think that is where the fault line exists. Some people have been taught that the "Great Game" is getting away with anything you can. Others realize that the honest and hard working folks end up with the tab.
The weird thing is - Trump included - everyone I know who was the immoral type (got large insurance settlements, conned and cheated) ended up WORSE OFF in the long run than honest people did. So, like Trump they not only ripped off other taxpayers, but they ended up with 1/10th of they would have had if they played a fair game.
Silly.
If you want to just stay with Right Wingers - look at Sheldon Adelson. 44 Billion, more than 10X (probably 20X) what Trump has. BORN INTO LOW INCOME FAMILY. JOINED THE ARMY.
I'm sure he's not squeaky clean, but at the same time he couldn't have stolen his dads money either - since Dad had none.
Look at Bezos - from virtually zero to 100 Billion (or whatever)......in 1/2 the time Trump "worked" to scam the system.
I think Trump is insecure for a very good reason. He knows the truth somewhere deep in there.
Where did you see the word "legal" in the NYT article? I didn't see any mention of the legality of his conduct. The article notes that he couldn't be prosecuted because the statute of limitations has run.
The NY Times is not a court of law, and the IRS has never charged him with a crime. Therefore...legal.
The government got less money from theft. Therefore...awesome.
Quote:
Originally Posted by BajanYankee
That doesn't mean anything.
It means plenty. The investigating/enforcement arm of the government theft racket has gone after that family every year, without fail, in an effort to extract more protection money and tribute. They never seem to be able to squeeze anything out though, and the IRS exists outside the bounds of the 4th and 5th Amendments, with essentially unlimited, unchecked power. If that power/money hungry group of professional thieves couldn't find anything to pin to Trump for their theft purposes, pardon me if I doubt that the sub-70 IQs that graduate from liberal journalism schools have sleuthed something out that the IRS missed.
And let us say they did somehow "get the scoop" on the IRS and SEC...you honestly think there aren't layers of protection between those returns/filings and the Trump family? Really?
And one more thing - for how many of Obama's years as President was Trump bleating and babbling all his birther nonsense? He is a Republican after 2011, makes all his donations to the GOP to defeat/antagonize Obama and anyone Obama stumps for, and oh by the way, Obama has weaponized the IRS against ALL conservatives of any shade....you honestly think they were never tasked by someone in the absurdly corrupt Oaam regime to go up Trump's arse with a microscope until they find anything they can use against him? Really?
If not being charged with a crime is the standard for legality, then I suppose Hillary Clinton is as legal as they come, right?
Until someone proves her guilty in a court of law...YES, absolutely.
I take presumption of innocence very, very seriously, as logic dictates I must. In my estimation, the evidence against her that we know about warrants investigation and ultimately, prosecution, but even with that evidence out there, until someone proves a charge beyond a reasonable doubt, she isn't guilty of anything.
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