Stepping In The Number Two: More Of NYT Has Obtained Trump's Tax Return Information

Link to Part I

I hope Mark Burnett gets electrocuted by faulty wiring on a set.

I’m eagerly waiting for them to report on the money laundering.

I hate to think I used to love Touched by an Angel when I was younger. Who could've known Monica's husband would end up enabling a spawn of Satan.

He can't afford to leave the White House.

the new real jock model ads are so much hotter than the other ones. polarized sunglasses are an instant boner killer.

Someone summarize for me, please... just how much illegal shit has he done?

R6, I think you took a wrong turn at Albuquerque.

Mark Burnett and Roma Downey more fake christians

[quote] I hate to think I used to love Touched by an Angel when I was younger. Who could've known Monica's husband would end up enabling a spawn of Satan.

R4, now whenever I think of Roma Downey, I do so with repulsion and disgust.

Unfortunate that like you, there was a connection of kindness with her earlier, due to Touched by An Angel.

Now given her marriage to Mark Burnett and all the horrid things that have been exposed about her and Burnett, it’s doubly horrid.

Wait, there was an actual TV show called “Touched by an Angel?” How was I not privy to this comic gold before?

R10, what horrible things about her specifically, (other than being married to him).

I don't think Joe really wants to be President. I think he's running to get rid of Trump and save America. He'll probably step down after a year or two and make Kamala POTUS. Then she can win on her own in 2024.

Roma has a bit of a reputation. No surprise (given that she’s with Burnett.)

She plays as a “holier than thou”, but is anything but. Plays one thing, but is actually another (aka Trump, Ellen, Markle, etc.)

(The most disappointing one was the the guy she had an affair with whose wife had MS.)

[quote](The most disappointing one was the the guy she had an affair with whose wife had MS.)

???

R7 From AP: Trump has worked for decades to build an image of himself as a hugely successful businessman — even choosing “mogul” as his Secret Service code name. But The New York Times on Sunday revealed that he paid just $750 in federal income taxes in 2016, the year he won the presidency, and in 2017, his first year in office. He paid no income taxes whatsoever in 10 of the previous 15 years, largely because he reported losing more money than he made, according to the Times, which obtained years’ worth of tax return data that the president had long fought to keep private.

Forget the insane greed in using every fucking loophole (even actual wealthy people aren't that greedy). He obviously committed fraud when he got bank loans by claiming successes to them and losses to the IRS.

Ivanka committed fraud with the "consulting" bullshit. You cannot be both an employee and a consultant at the same company.

Would add to R16 that we won’t know the extent of his financial criming until his tax filings can be compared with his loan applications, etc. but it’s expected they’ll reveal all sorts of fraud. NYAG is working on that as we speak.

The loan information is key here.

And of course, who is behind the loans.

Foreign entities..... Russia.....Turkey......Saudi Arabia.....Israel?

[quote] Wait, there was an actual TV show called “Touched by an Angel?” How was I not privy to this comic gold before?

Roma Downey played an inexperienced angel who was joined by an older black female angel, and Death who was played by an obviously gay man. The show could obviously be schmaltzy but it hit the spot in many ways. It was fairly light on the Christian issues and never really felt like a religious show. I say this as a yoga guy who grew up in a non-practicing Christian home but later turned to Eastern religions, mostly Taoism and Hinduism.

In the early 90s one episode had a young man dying of AIDS come visit his homophobic father for the last time. I watched the episode in a public space at school dorm with other people and had to stay stone-faced the whole time. When the episode ended I quickly walked into my room and cried for like 15 minutes. I actually have tears running on my face thinking about it now.

Roma Downey was perfect in her role. It's a shame to see she's now dedicated her career to fleece Christians with her cunt of a husband. That said I still can separate her from her role. She's an actress and I never expected her to be an angel herself.

Hundreds of millions of debt loans are coming due in the next 4 years. He should have never been allowed to be even a candidate for President because of his massive debt. This makes him at risk of becoming beholden to foreign and domestic entities willing to 'help him out'.

Touched was a pretty gun show.

I liked whenever Jasmine Guy would pop up as a demon. Well they called her a bad angel who "lost her way" and served Satan...but wouldn't that make her a demon?

Anyways, whenever the angels revealed themselves they would be illuminated with a warm golden aura.

When Jasmine Guy revealed herself, her aura was black and purple.

Pelosi said pretty much that on Monday, r21. And de Blasio announced Monday that since Turd obviously under reported the NYC taxes he owed, the city will be going after him for that money.

Touched by the Devil: All of tRump's Women - whether they wanted to be or NOT.

Kellyanne Conway leaked the tax returns.

Mark Burnett and his family should be shunned forever for keeping mum and promoting/protecting Trump. Vile.

I remember when Roma Downey claimed Tom Arnold injured her and showed an old wound on her hand so she lied

[quote]Hundreds of millions of debt loans are coming due in the next 4 years. He should have never been allowed to be even a candidate for President because of his massive debt. This makes him at risk of becoming beholden to foreign and domestic entities willing to 'help him out'.

It makes me sick to my stomach that Comey swept this under the carpet while he reopened the investigation of Hillary's emails 10 days before the election.

I said right from the start that Comey is dirty and that he deliberately did this to damage Hillary Clinton. I hope there's a new, no holds barred and full investigation about what happened in 2016 and that the people who manipulated the outcome of the election will be held responsible and pay for what they did!

They enabled a criminal to become president. A grossly unqualified moron who is responsible for the death of 200 thousand people, for encouraging terrorism, for cutting diplomatic ties to allies and strengthen dictatorships like Russia, North Korea, Saudi Arabia and Turkey.

The people who did this need to pay for it!

I totally agree, r28. Comedy is a turd.

“Comey”. Sorry.

There's one thing that isn't mentioned enough: Trump gets his money from the hotel business, which is floundering with the epidemic. Whatever he was losing the last few years, triple it for 2020.

Now some enterprising journalists (as well as the NYS Attorney General and SDNY) need to connect the dots to the fraud and money-laundering that’s probably been going on for years.

Who will spill the beans on who holds the half billion dollars in debt over Trump's (and our) head?

The article basically says that if it weren't for "The Apprentice," Trump would never have been president. Its success not only paid him outright, but he also would endorse literally anything in order to squeeze more juice out of this. Like he made Krusty the Klown look tasteful. He dumped all his money into his golf courses, which promptly lost tons of money. He not only dumped his Apprentice money into them, but ate his seed corn - took out a huge mortgage against Trump Tower (which is due soon), sold off a bunch of stocks and basically gave away the store to support the golf clubs. Now he's in hock up to his nose hairs, has probably committed bank and wire fraud, has involved his kids, and if he loses in November, his future is pretty not-great. More bankruptcies, legal problems. He probably won't be able to afford that wig anymore.

This is just soooooo delicious.

Yet his supporters would still lick the shit out of his dirty asshole and call it a 3 star Michelin meal.

Where is the Private Banker today?

Tiny taxes, tiny penis

Do the loans prop up the many Trump businesses that lose money? Not sure how those are afloat unless they are on life support through loans. (Or they just claim losses for tax purposes and hide all the cash).

[quote]The loan information is key here.

What is key is that he is on the hook personally for those loans.

An honest, reliable, respected real estate investor has good relationships with lenders and obtains non-recourse loans meaning that the debt is secured by the property and not by the investor herself.

Trump is obviously so desperate for loans and so little regarded by the lending community that he has to guaranty these loans himself.

Does Donald have money stashed away in the Cayman Islands or somewhere? How is it possible to have squandered the hundreds of millions his dad left him? Aren't casinos and hotels super money makers?

They can, R40, but he's a lousy businessman who doesn't trust the people working for him, makes bad decisions, thrives on chaos, pays too much, doesn't save enough, etc. so he's run half a dozen businesses into the ground.

[quote]Trump gets his money from the hotel business, which is floundering with the epidemic. Whatever he was losing the last few years, triple it for 2020.

Which is the real reason he's downplayed the pandemic.

Donald Trump has undertaken a number of business projects that ultimately failed (or failed to live up to his lofty projections) including:

Trump Steaks

GoTrump (online travel site)

Trump Airlines

Trump Vodka

Trump Mortgage

Trump: The Game

Trump Magazine

Trump University

Trump Ice (bottled water)

The New Jersey Generals (pro football team)

Tour de Trump (bicycle race)

Trump Network (nutritional supplements)

Trumped! (syndicated radio spot)

Read David Enrich's excellent [italic]Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction[/italic] or listen to the Fresh Air interview with the author if you don't have time to read the book. This is all so much deeper than is yet being made public.

[quote]Who will spill the beans on who holds the half billion dollars in debt over Trump's (and our) head?

Isn't Deutsche Bank known to be a major Trump creditor? It also seems like Russia would be an obvious candidate, with his pathetic pursuit of building a Trump Tower in Moscow, but I don't really know.

Whatever drags him down. They idea of watching him squirm gives me a boner.

[quote] An honest, reliable, respected real estate investor has good relationships with lenders and obtains non-recourse loans meaning that the debt is secured by the property and not by the investor herself.

This is true--with the exception of new construction which nearly always has a personal guarantee for bank financing by the developer.

Trump wants to build a Trump Tower in Moscow? Wtf! But he knows a lot of shit. I mean CIA and Defense secrets. Hopefully they fed/ feed him bullshit and make up their reports when they update him. He's gonna go blabbing to Russia, China and the Arabs as soon as he is out -- whether in a few months or a few yrs.

Yes indeed, R48.

Pelosi: Trump's Debt Shown In Tax Records Poses A 'National Security Question' | MSNBC

Not a "question," R50. It's a national security nightmare.

And Trump's loan officer at Deutsche Bank was Justice Anthony Kennedy's son.

I wish to god there was a way that everything he's done during his four years in office could be declared null and void once his ass is out of there.

Kennedy's son was a bit higher than "loan officer," R52. He was global head of the real-estate capital markets division.

The problem isn't just Trump. We could've get rid of Trump if it weren't for McConnell & Barr who have invested interest in what they can accomplish while Trump is in the White House. McConnell and Barr being complicit and backing this obvious crime lord for their own gain should be even bigger national news than the tax returns information.

McConnell should be declared an even worse enemy of the state than Trump, so he might lose his own election in Kentucky.

totally, they are far more evil

Trump is simply the face-man, also a washed up real estate tycoon

[quote] From 2005 to 2007, this newest Times scoop reveals, he did lastly pay about seventy million {dollars} to the Internal Revenue Service. But then, in 2010, he demanded a full refund for these tax funds. And the I.R.S. acceded to his request: it paid him $72.9 million,

To me this is the bigger scandal that even when Trump did pay taxes, he later got a refund of that money he had paid.

Interest r57.

He's full of it

Democrats DONT know how to capitalize on news stories. Already this is fading from public attention. Democrats should be in unison calling Trump “Tax Crook” or “Tax Dodger,” like we are ready a script. Biden should be introducing a equitable tax reform plan to go along with this scandal that closes the loopholes for the rich that Trump took advantage of while advantaging the middle class. Democrats lack message discipline

I knew the moment this asshole came out with a reality show he wasn't a Billionaire. Real Billionaires do not need reality TV money. Their Billionaires!

Reality TV isn't going to move the needle either way for a real Billionaire.

Trump was always a fucking fraud.

Oh, for fuck's sake, r60. Dems have been all over media all day on this. Get a fucking life.

Also, what Billionaire is desperate enough to except an endorsement deal by Oreo cookies and Dominos pizza, for $500K a peice?

Again, Trump only played a Billionaire on television.

We all try to save on what we pay Uncle Sam. Don't blame Trump, he didn't use any Loop Holes. Blame the Tax Code that allowed his accountants to use the system the way it's written.

Fuck off, Trump's water carrier at R64.

Fucking troll.

How many times are you going to repeat that, R64? The tax code doesn't allow one to deduct consulting fees paid to people already on your payroll.

That is some odd capitalization, Boris.

R64, there's a difference between using legal loopholes and committing outright fraud

"But ate his seed corn"

That sounds nasty, r34

R57 and because Trump screwed up (by taking a percentage of the company that bought his casino), the IRS is trying to get that refund money back. Hence the “I’m being audited” excuse which is not really a legit excuse.

[quote]Ivanka committed fraud with the "consulting" bullshit. You cannot be both an employee and a consultant at the same company.

Of course you can. Anyone receiving a payroll check for their work is considered an "employee", and if other cash fees are paid to that person and they report the gross total on their Schedule C, they can certainly act as a consultant for the same business. It's not all that rare.

R71, I don’t think that’s true. I think it’s illegal to be paid via W-2 and 1099 at the same time. Can a CPA respond? Cash fees on Schedule C are for things like travel reimbursements.

R71 doesn't know what he is talking about.

[quote] As Ivanka Trump was then an employee of the Trump Organization, hiring her to be a consultant for the very company she worked at would be an extreme conflict of interest, one that the Internal Revenue Service (IRS) generally takes very seriously.

[quote] “There is no legitimate reason for her to get those consulting fees since she was being paid already as a Trump employee,” Akerman said, adding that the “only possible reason” to pay Ivanka Trump as a consultant was to “move money around so that it wouldn’t be taxed to Donald Trump.”

In other words, tax fraud...which is illegal.

[quote][R71] doesn't know what he is talking about.

I work in a tax office.

I'm the king of fucking England then.

[quote]I work in a tax office.

For a private banker, perhaps?

[quote] Ivanka Trump appears to have received hundreds of thousands of dollars (potentially even millions of dollars) in consulting fees from her father. In the past, the IRS has pursued civil penalties against business owners who paid exorbitant fees to related parties (like children) who were not, in fact, actually independent contractors.

I'd like to work for Trump as a "consultant"

[quote]Wait, there was an actual TV show called “Touched by an Angel?” How was I not privy to this comic gold before?

There was also a Catholic version. "Inappropriately Touched By an Angel."

If this show were about money instead of weight, Trump would've been the winner by default.

I always assumed that a President would have to get a security clearance, but I can't imagine he'd pass one. I worked in several government jobs that required one, and they really do a thorough check, including your financials. But what would happen if an elected president didn't qualify for the clearance necessary to do the job?

A bunch of trolls in Vladivostok seem to have an astonishing grasp of the US tax code all of a sudden.

As I understand it, it’s not per se illegal to pay consulting fees to one of your employees—but you can’t deduct it if you are paying consulting fees for work they already do as an employee. You also cannot deduct bogus “consulting fees” as a way of getting around the limitations on making non taxable gifts to a child.

Right. Especially when she puts it into her mattress for daddy’s next visit.

I read years ago somewhere, where they compared Trump to Paris Hilton as far as how he makes his money.

Reality TV and licensing deals. He just like Paris Hilton and Kim Kardashian, make their money selling an image of wealth and excess. Their all basically playing playing the role of a wealthy socialite, while they are earning the income to actually live like a socialite.

It's all smoke and mirrors and created characters for public consumption, and a means to an end for them the generate the type of wealth they want.

It's showbiz after all. Paris Hilton recently admitted she only plays a socialite in public and doesn't actually think of herself as one. It's all apart of the Paris Hilton brand. That's basically Trump too.

[QUOTE] Their all basically playing playing the role of a wealthy socialite

Oh, dear.

[quote] Blame the Tax Code that allowed his accountants to use the system the way it's written.

R64 if Trump had used the system the way it was written he still would not be under audit by the IRS many years later.

[quote] I'd like to work for Trump as a "consultant"

R78 you would have to provide Trump with sexual favors. You don't think Trump pays that amount of money for just ideas, do you?

Julia weighs in...

Please, please please let him get destroyed by all of this.

Ain't nothing gon' happen.

r90,he was doomed the day he formally filed for candidacy. You can't pull that New York real estate crap in Washington.

Trump should have never gotten into politics. Now he's in hot water if he loses the election.

I hope the Trumps loses everything, and take the evil Kushners down with them.

I could see him

1. Declaring bankruptcy 2. Signing a deal for $1 billion for a tv network 3. Continuing to cheat 4. Feigning an illness

There is no way he will spend a day in jail.

Sorry for R40. Wrong thread.

Don't tell me he represents the working-class.

I hope his ego won’t let him resign. That way no one can pardon his sorry ass for at least 4 years.

I can't wait to see his head once his stylist is gone for good. Of course I feel sorry for anyone who had to deal with it on a personal level. However, that filthy shit eater Hope Hicks deserves whatever shes been paid to do . She's a bigger fucking whore than Melons.

I wish I could find that picture of hardcore filthy slut Hicks in that sun dress with the huge PENIS flower on the front. Poor Hope was expecting a big dick. All she got was an opportunity to wipe the president's ass and to wipe up his puke.

Her book will sell more than Melania's.

Hicks is trash, fuck her too!

Trump belongs in prison period.

R60 It is not that Democrats DON'T know how to capitalize on news stories.... it's that the - WON'T - capitalize on news stories. Now THAT is a BIG FUCKING PROBLEM.

That’s worse

This one, R98?

Ain't that a bird?

Yes, I do work in a tax office. The question raised was whether it is illegal to earn money as an employee and an independent contractor in the same tax year. I asserted it is not, as one is still responsible for paying taxes on the untaxed Schedule C income.

Now I read the official quoted in Cosmo:

[quote]...the IRS has pursued civil penalties against business owners who paid exorbitant fees to related parties (like children) who were not, in fact, actually independent contractors. The other explanation is that Trump is looking to fraudulently move assets out of his estate by passing them to his children...

Yes, fraudulently moving large amounts of income to a family member to remove these vast totals from one's eventual estate is pure fraud and of course illegal, but that wasn't the question asked. The act of receiving income from both a payroll check and as an IC itself remains perfectly legal if it is indeed the accurate manner in which one earned the income. These are two unique issues.

You cannot be a consultant and an employee at the same time. You could earn income as a consultant of one place and employee another. Or you could earn income at the same place as consultant for part of the year and an employee some other part of the year. But you cannot be paid as an employee and a consultant for the same work.

I have no idea why trolls like you refuse to give up when your bluff is called.

[quote]But you cannot be paid as an employee and a consultant for the same work.

That was not the assertion. One may certainly be paid as an employee and as a consultant, but ONLY if the consulting work is considered a separate job/task/responsibility not covered by one's work as an employee.

For example, if I am a bookkeeper at a restaurant paid as an employee, but my boss asks me to go out and research new locations to open a second restaurant, since that task/project has nothing to do with my bookkeeping duties, I could be paid a flat consulting fee to do this work looking for a new location. None of this was really in the original assertion, just that being paid both ways was "ILLEGAL!", which is certainly is not.

[quote] That was not the assertion.

Yes, of course it was. Just stop.

Paying someone who's actually an employee as a consultant is a way to get around paying payroll taxes.

R107 and r109 are both correct. The employer better have a good paper trail in place if they’re audited.