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Trust Fund Baby's Latest Legal Loss

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Dec 1, 2022.

  1. fchowd0311

    fchowd0311 Member

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    The IRS vets most returns using software that detects odd anomalies.

    A wealthy person's taxes with many llcs and avenues to hide income and capital gains usually needs actual IRS agents to comb through hence why the IRS needs a substantial budget. A gutted IRS will only **** over the middle class while letting the wealthy avoid taxes.
     
    pgabriel likes this.
  2. T_Man

    T_Man Member

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    I agree...

    But stop throwing dirt at him like he's a regular politician.... He's not and he doesn't care... Any publicity Good or Bad he loves it....

    So stop making threats and do something or they should move on...

    T_Man
     
  3. Icehouse

    Icehouse Member

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    No, they don't. Income that others reported they paid to you is electronically matched up to returns. Unreported income and deductions have to be discovered during an exam, which is very rare. Saying the IRS looks at, vets, matches up, etc every return is as false as false can be. Matching up a portion of your return (income other reported they gave you) and leaving at least the other half of it (expenses/deductions) unchecked is not vetting. And that's not even taking unreported income into consideration.

    What Are Your Chances of Being Audited? (How to Avoid the IRS) | Nolo
     
  4. Agent94

    Agent94 Member

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    People have already found obvious problems with Trump's tax returns that the IRS missed because they never audited Trump. You keep saying things over and over that are wrong. And this was only an issue with Trump because he didn't show his returns. He didn't show his returns because he is a terrible businessman and a tax fraudster. Then he appointed a corrupt head of the IRS.
     
  5. pgabriel

    pgabriel Educated Negro

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    The issues that the article brought out are questions, not verified problems. Now that these issues have been pointed out it's still an IRS issue. I'm not against a president being audited. I am against their returns being made public.

    Now that this article brought out these questionable items there is nothing making them public will do. Trump will just say they are legit. No one else but the IRS has the authority to investigate further.

    Trump is a unique president because this is his business as opposed to most if not all previous presidents being politicians. I thinks it's unfair to him to put these issues out at least until they are resolved
     
  6. Agent94

    Agent94 Member

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    Making Trump’s returns public is showing exactly why they should be made public. It prevents a corrupt president from appointing a corrupt IRS head to cover up his corruption.
    If everything is hidden then there is no way to determine what’s happening.

    The only way the issues were caught is because the returns were made public. Only through public pressure did we learn Trump wasn’t audited. And only through public pressure will his taxes be investigated.
     
  7. rocketsjudoka

    rocketsjudoka Member

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    Seriously?
    Politicians make claims of having more money than they do and donating to charity much more than they did. Trump and George Santos did. Even Biden has been criticized for not being as generous as he presents himself.
    https://nypost.com/2022/04/16/joe-biden-harris-gave-less-to-charity-than-others-in-income-bracket/

    Note the information from that piece is only possible because Biden and Harris have released their tax returns.

    That you’re making such an argument shows either extreme naïveté or willful denial.
     
  8. pgabriel

    pgabriel Educated Negro

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    It shows I don't give a ****. I only care how they run the country and what they gave to charity has no effect on their governance. I never would have voted for Trump and the people who did wouldn't have been turned off by the issues brought up in these articles

    Did Biden run on his charity?
    Santos is a representative who lied. He never would have given his tax returns so whatever
     
    #208 pgabriel, Jan 1, 2023
    Last edited: Jan 1, 2023
  9. pgabriel

    pgabriel Educated Negro

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    There is nothing caught so far. These are questions that only the IRS will settle. So far there is nothing corrupt
     
  10. Space Ghost

    Space Ghost Member

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    He is corrupt because they say he is. This is just more to add to the 6 year long investigation that will put him behind bars for the next 40 years so he will never have a chance to run for president again.

    The bruh just got caught with a stack of classified documents. Some groups of people just do not understand politicians have a different rule book. Its called super star treatment and its real.

    Sometimes its easier to put a competent self-respecting candidate up. Even Biden beat Trump. Biden is the guy you put up when nobody else wants to run. Amazing people still defend their respective parties.
     
  11. rocketsjudoka

    rocketsjudoka Member

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    Yes which is more reason why those seeking higher office should be making those returns public.

    Trump ran on that he’s Uber wealthy and knows business and also that he gives a lot or charity. He even claimed he would give all his salary to the charity. None of that appears true. Based on his returns he’s been heavily in debt, lost a lot of money and hasn’t given all of his money to charity.

    Truthfulness about financial matters goes directly to ability to govern and to whether the public should trust a candidate. Trump is the perfect example. We know he lied and misled about his background and he lied and misled the country as president. You seem to feel that such things don’t matter. It’s the reason why we get such crappy leaders.
     
    #211 rocketsjudoka, Jan 2, 2023
    Last edited: Jan 2, 2023
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  12. rocketsjudoka

    rocketsjudoka Member

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    You’re making my point. If we don’t call for expect and at this point compel candidates to be truthful and transparent we’re going to continued to be burdened with awful candidates.
     
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  13. CrixusTheUndefeatedGaul

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    Be careful what you wish for. Now, every Democrat and Republican have to show their tax returns publicly. Imagine that.
     
  14. ElPigto

    ElPigto Member
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    To @pgabriel point though, would this information made a difference in him getting elected in 2016? Sure, he has done what he usually does, mislead people, lie, etc, but even despite this he still had major support from his own party due to his supporters (until recently).

    You and I and a few others in the D&D care, but how about the general public, how much of a difference would it had made in 2016. He lost in 2020 and IMO essentially lost in 2022 (midterms), so didn't matter as much those years.
     
  15. Xopher

    Xopher Member

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    Possibly. When he is railing against China and then saying his opponents support China. It would have been nice to know he is the one who has bank accounts in China and is paying more in taxes to the Chinese government than he is to the United States. He could have been questioned on this. When he lied and said he paid millions and millions in taxes. He could have been questioned on this.
     
    adoo likes this.
  16. Air Langhi

    Air Langhi Contributing Member

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    Every presidential candidate in the last 50 years has.
     
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  17. adoo

    adoo Member

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    Intellectual dishonesty / sleight-of-hand by the top GOP lawmaker of the House Ways & Means Committee, who had voted released the tax returns from the IRS and then released them.
    the top Republican on the committee, Kevin Brady from TX, said there was never a legislative purpose :rolleyes: behind the Democrats’ request.
    “This is a regrettable stain on the Ways and Means Committee and Congress and will make American politics even more divisive and disheartening,” he said.

    Brady was silent when Obama / Biden's tax returns were released. the irony is rich


    IIRC

    after the release of Obama's tax return after his first year in office---showing a sharp rise in
    royalty income from his book---there were some GOP lawmakers mocking/shaming him for exploiting/monetizing his blackness


    had this info been released before th 2016 election, most probably, Trump would not have won Michigan, Wis, and Penn, which account for 46 electoral votes for the presidential election.

    Trump's electoral victory over Clinton was 304 to 227; the 46 vote swing would have resulted a 283 -258 victory for Clinton
     
    #217 adoo, Jan 2, 2023
    Last edited: Jan 2, 2023
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  18. T_Man

    T_Man Member

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    @rocketsjudoka

    I re-read my statement above and I realized that it sounded as if i was attacking you and i'm not my bad on that... I was actually focusing my statement to these politicians that are playing these silly games on both sides of the aisle...

    T_Man
     
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  19. edwardc

    edwardc Member

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    It's a known fact that they have been doing the same thing but all of them aren't former Potus's that claim to be a billionaire.Besides like i stated the loophole in the tax codes need to be fixed so no one can get away without paying there fair share.
     
  20. edwardc

    edwardc Member

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