TwinIon Posted October 2, 2018 Share Posted October 2, 2018 From the New York Times Quote President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found. ... These maneuvers met with little resistance from the Internal Revenue Service, The Times found. The president’s parents, Fred and Mary Trump, transferred well over $1 billion in wealth to their children, which could have produced a tax bill of at least $550 million under the 55 percent tax rate then imposed on gifts and inheritances. The Trumps paid a total of $52.2 million, or about 5 percent, tax records show. ... According to tax experts, it is unlikely that Mr. Trump would be vulnerable to criminal prosecution for helping his parents evade taxes, because the acts happened too long ago and are past the statute of limitations. There is no time limit, however, on civil fines for tax fraud. It's quite a lengthy report that I'm still reading through. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 2, 2018 Share Posted October 2, 2018 After Fred Trump’s death, his empire’s most valuable asset was an I.O.U. from Donald Trump OLOLOLOLOLOLOLOLOLOLOLOLOL 1 5 Quote Link to comment Share on other sites More sharing options...
CayceG Posted October 2, 2018 Share Posted October 2, 2018 Here's another favorite: Quote The sale, completed in 2004, brought him his biggest payday ever from his father: His cut was $177.3 million, or $236.2 million in today’s dollars. But as it turned out, banks at the time valued the empire at hundreds of millions more than the sale price. Donald Trump, master dealmaker, had sold low. Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted October 2, 2018 Share Posted October 2, 2018 His father would buy millions of dollars in chips at Trump's Casino and then "lose" it to the house in order to give Trump unreported cash infusions when the Casino was failing. This was known. Quote Link to comment Share on other sites More sharing options...
CastlevaniaNut18 Posted October 2, 2018 Share Posted October 2, 2018 The president is a crook. His supporters won't care. They'll rationalize or ignore anything bad about the man. Which is everything. Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted October 2, 2018 Share Posted October 2, 2018 8 minutes ago, CastlevaniaNut18 said: The president is a crook. His supporters won't care. They'll rationalize or ignore anything bad about the man. Which is everything. Everyone who grew up in the tri-state area in the 70's, 80's and 90's knew this. Guys like Trump are a dime a dozen out there... he reminds me so much of my old boss it's crazy. Quote Link to comment Share on other sites More sharing options...
legend Posted October 2, 2018 Share Posted October 2, 2018 Countdown to "Failing NYT" tweet in 5, 4, ... Quote Link to comment Share on other sites More sharing options...
ort Posted October 2, 2018 Share Posted October 2, 2018 What was his line during the campaign about how he only got a small amount of cash from his dad to start his empire and it really wasn't a big deal? And the amount he said wasn't a big deal was something like $14 million dollars? Get the fuck out of here with that shit. Even that was annoying and anyone with even an ounce of common sense knew it wasn't true anyway. I don't understand how normal people can vote for a person to be in charge of them who has never had to deal with the problems of normal people. Makes no sense to me. Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted October 2, 2018 Share Posted October 2, 2018 1 hour ago, ort said: What was his line during the campaign about how he only got a small amount of cash from his dad to start his empire and it really wasn't a big deal? And the amount he said wasn't a big deal was something like $14 million dollars? Get the fuck out of here with that shit. Even that was annoying and anyone with even an ounce of common sense knew it wasn't true anyway. I don't understand how normal people can vote for a person to be in charge of them who has never had to deal with the problems of normal people. Makes no sense to me. He said he got a small loan from his father (the small loan was a million bucks in the late 60's) but whatever. Quote Link to comment Share on other sites More sharing options...
CayceG Posted October 2, 2018 Share Posted October 2, 2018 Here's my question though. Where the FUCK was this article in early 2016? 1 Quote Link to comment Share on other sites More sharing options...
finaljedi Posted October 2, 2018 Share Posted October 2, 2018 1 minute ago, CayceG said: Here's my question though. Where the FUCK was this article in early 2016? Wouldn't have made a bit of difference 1 Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted October 2, 2018 Share Posted October 2, 2018 36 minutes ago, CayceG said: Here's my question though. Where the FUCK was this article in early 2016? Articles like this were all over the place... maybe not this extensive but they WERE out there. 34 minutes ago, finaljedi said: Wouldn't have made a bit of difference This. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted October 2, 2018 Share Posted October 2, 2018 3 minutes ago, skillzdadirecta said: Articles like this were all over the place... maybe not this extensive but they WERE out there. This. In fact, Trump would have likely won the popular vote as well! Electoral sweep! Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted October 2, 2018 Share Posted October 2, 2018 "Law and Order" Republicans don't want to see any rich white people punished for crimes. They only want to see black people in jail. Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted October 2, 2018 Share Posted October 2, 2018 7 minutes ago, thewhyteboar said: "Law and Order" Republicans don't want to see any rich white people punished for crimes. They only want to see black people in jail. They're not that picky actually, and non white will do! Quote Link to comment Share on other sites More sharing options...
Mercury33 Posted October 2, 2018 Share Posted October 2, 2018 It’s crazy. At any other point in our history this article would have triggered a historic scandal. Now it’s just another article confirming what everyone knows that not enough people care about. Just so their team can stay in charge. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted October 2, 2018 Share Posted October 2, 2018 You People Made Me Give Up My Peanut Farm Before I Got To Be President Quote For generations, U.S. presidents have gone to great lengths to avoid potential conflicts of interest. When I was elected, I followed suit by placing my small business in a blind trust to assure our citizens that I would always put the country’s interests ahead of my own. It’s a vital presidential tradition. That’s why I find it a bit curious that our new commander-in-chief has been allowed to ignore it. For Christ’s sake, you people made me get rid of my peanut farm before you let me be president. 4 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted October 2, 2018 Share Posted October 2, 2018 How long until we reach "it's not illegal?" Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted October 2, 2018 Share Posted October 2, 2018 11 minutes ago, osxmatt said: How long until we reach "it's not illegal?" We passed that already... Republican talking head said that to Jake Tapper on CNN two hours ago. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted October 2, 2018 Share Posted October 2, 2018 4 minutes ago, skillzdadirecta said: We passed that already... Republican talking head said that on Jake Tapper on CNN two hours ago. Of course they did. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted October 2, 2018 Share Posted October 2, 2018 2 hours ago, legend said: Countdown to "Failing NYT" tweet in 5, 4, ... I was just going to drive by shit post "failing New York times etc etc" but I see I'm slow to the draw. Quote Link to comment Share on other sites More sharing options...
legend Posted October 2, 2018 Share Posted October 2, 2018 4 minutes ago, b_m_b_m_b_m said: I was just going to drive by shit post "failing New York times etc etc" but I see I'm slow to the draw. It's okay, I'm sure others were thinking it before I said it too. Trump is not complex Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted October 2, 2018 Share Posted October 2, 2018 2 minutes ago, legend said: It's okay, I'm sure others were thinking it before I said it too. Trump is not complex Sir! How *dare* you talk about OUR president like he has the intelligence of a 5th grader 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 3, 2018 Share Posted October 3, 2018 “The theme I see here through all of this is valuations: They play around with valuations in extreme ways,” said Lee-Ford Tritt, a University of Florida law professor and a leading expert in gift and estate tax law. “There are dramatic fluctuations depending on their purpose.” I couldn't agree more! When I was working closely with estate and trust taxes during my public accounting career, this was the area where we walked the line between "aggressive" and "possibly illegal". And the University of Florida's tax law program is perhaps the best in the country, right @SaysWho? and @ByWatterson? Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted October 3, 2018 Share Posted October 3, 2018 1 minute ago, SFLUFAN said: “The theme I see here through all of this is valuations: They play around with valuations in extreme ways,” said Lee-Ford Tritt, a University of Florida law professor and a leading expert in gift and estate tax law. “There are dramatic fluctuations depending on their purpose.” I couldn't agree more! When I was working closely with estate and trust taxes during my public accounting career, this was the area where we walked the line between "aggressive" and "possibly illegal". And the University of Florida's tax law program is perhaps the best in the country, right @SaysWho? and @ByWatterson? It's a pretty fantastic program, yeah. Quote Link to comment Share on other sites More sharing options...
Jason Posted October 3, 2018 Share Posted October 3, 2018 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 3, 2018 Share Posted October 3, 2018 8 minutes ago, Jason said: Pretty weak tbh Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 3, 2018 Share Posted October 3, 2018 1 minute ago, 2user1cup said: Pretty weak tbh It really is - I think he's running out of material. Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted October 3, 2018 Share Posted October 3, 2018 11 minutes ago, Jason said: Very weak come back... I am disappointed Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 3, 2018 Share Posted October 3, 2018 He's busy prepping to fire Rosenstein for the failing nytimes and is conflicted. Quote Link to comment Share on other sites More sharing options...
Jason Posted October 3, 2018 Share Posted October 3, 2018 4 minutes ago, 2user1cup said: Pretty weak tbh October 2016: TRUMP: I 'brilliantly used' tax laws to pay as little as possible Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 3, 2018 Share Posted October 3, 2018 I need to learn to brag like he does. I amazingly and most greatly filled out this TPS report! It was the most..... Yeah I can't do it. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted October 3, 2018 Share Posted October 3, 2018 2 minutes ago, Jason said: October 2016: TRUMP: I 'brilliantly used' tax laws to pay as little as possible Translation: Lie, cheat, and break the law to pay as little tax as possible. Also: Trump is the law and order candidate. Quote Link to comment Share on other sites More sharing options...
Greatoneshere Posted October 3, 2018 Share Posted October 3, 2018 17 minutes ago, mclumber1 said: Translation: Lie, cheat, and break the law to pay as little tax as possible. Also: Trump is the law and order candidate. Remember when he said he'd close the tax loopholes for the rich, the very ones he's presumably also bragging about that he himself used, and he said the difference would be that he would be a president who represents everyone, rather than the private citizen he had been who was out for himself? Anyone? Quote Link to comment Share on other sites More sharing options...
CayceG Posted October 3, 2018 Share Posted October 3, 2018 After seeing some discussion on twitter, I take back what I said about "where was this in 2016." Apparently the reporting started then and it straight up took three people 2 years to track everything down and compile it. Quote Link to comment Share on other sites More sharing options...
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