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NYT Obtains Trump Tax Returns

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Just now, patsplat said:

The fraud is the difference between his income for tax purposes and his income as shown to the banks for loans

 

Is that provable based on the tax returns? If so you have to think the IRS would have gone after him years ago. 

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Just now, oldschool said:

 

Is that provable based on the tax returns? If so you have to think the IRS would have gone after him years ago. 

I think this is what is going on in the New York state case, the details of which are not public.

 

The fraudulent aspects of solely the returns are the personal expenses classified as business losses.  There's a whole lot of those.

 

There's also the write off he took on his Atlantic City casinos, which apparently was not legit.  That write off hid all his income from the Apprentice.

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16 minutes ago, oldschool said:

 

I haven't had a chance to read the whole thing but all I've heard from those who have analyzed it is that it shows a lot of shady stuff but nothing outright illegal.  The biggest takeaway is that hes not a billionaire and has massive losses which we already knew.  Are you saying otherwise? Links?


Mostly the article says he took deductions he isn’t allowed to take. That is not fraud, just something that an audit should disallow. And he is being audited, but they keep kicking the can down the road. You can be sure that that audit will finally happen when Trump can’t choose who runs the IRS. And they expect he will owe $100M in back taxes.

 

The part they mentioned that was truly fraudulent was the paying of millions in “consultant fees” to his children, who were already company executives being paid a salary. They verified specific payments made to Ivanka that she declared in her public financial statements as matching up with “consulting fees” paid by the Trump's Org.

Edited by Starkiller

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The NYT is saying he didn't pay taxes for 10 years. 

 

If I were betting, I say the only reason we can't prove he committed either tax fraud or bank fraud is because we haven't seen the details and haven't been able to compare his tax returns to his bank loan documents.

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1 hour ago, patsplat said:

One big deal here is proving that Trump is a fraud in debt to foreign money.  There's a difference between reasonable assumption and proven fact.

 

The other big deal here is that somebody leaked this information.  Somebody who was I guess supposed to keep it secret.  Who was that source?  Why aren't they loyal?

 

Leaving up to re-election, Trump going to on a loyalty witch hunt.  It's pathetic if the only two people you trust are Rudolph Giuliani and Chris Christie.

I bet Cohen had it leaked. And the debt (and lein holder!) is 10000x's more important than how little he paid in taxes. It is typical NYT to bury that instead of that being the headline. The American public needs to know who he owes all this money to and how Trump has used every dime of it. 

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Trump could easily release his tax returns and prove the times story is fake news.

 

The fact that he doesn't do so just creates the presumption that he is lying as usual.

 

What candidate a month before the election wouldn't release documents to clear his name?

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8 minutes ago, patsplat said:

Here's a decent rundown.  I won't paste the whole thread but check it out:

 

 

 

Great thread. I was going to respond to LTF with the exact same conclusion. There is not only one conclusion that can be drawn from the article, but two. It isn’t an either or scenario. Trump is not only a failing business man up to the hilt in almost matured foreign debt, but he’s also a tax fraud. Both of those are proven in the article if the source material was in fact correct.
 

You can’t raise the price of your assets for the sake of loans and then do the opposite when it comes tax time. You can’t launder millions of dollars to your kids and call it consulting fees. Even his business partners didn’t know about it. 

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2 hours ago, oldschool said:

 

Is that provable based on the tax returns? If so you have to think the IRS would have gone after him years ago. 

IIRC, the IRS has been going after him since 2009. That's the ongoing audit. They just keep digging a bigger hole and it gets more complicated. 

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2 hours ago, LongTimeFan said:

Its really interesting to see comments of people who know very little of how the tax codes work. Yes, the rich know how the use the system to lower their taxes. Yes, the rich wrote the tax code. You get mad at Trump for using the tax laws that Congress enacted. Your ire is misplaced.

 

Donald Trump is the President and passed a major tax reform bill.

 

What did he do to change any of this? He made the laws more lax on wealthy people.

 

How you think he should evade any responsibility is beyond me.

Remember "the buck stops here?"

Edited by Titans279

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2 minutes ago, Titans279 said:

 

Donald Trump is the President and passed a major tax reform bill.

 

What did he do to change any of this? He made the laws more lax on wealthy people.


Trump campaigned on passing tougher taxes on the wealthy. I don’t mean to shock anyone... but he lied...

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1 hour ago, ctm said:

Trump could easily release his tax returns and prove the times story is fake news.

 

The fact that he doesn't do so just creates the presumption that he is lying as usual.

 

What candidate a month before the election wouldn't release documents to clear his name?

One who believes he can win without doing it

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1 minute ago, luvyablue256 said:

One who believes he can win without doing it

He's behind.  Everyone knows that.  Why won't he clear his name?

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