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[NYT] Trump Empire Built on Gifts & Tax Fraud

Discussion in 'BBS Hangout: Debate & Discussion' started by SamFisher, Oct 2, 2018.

  1. Xenon

    Xenon Member

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    "A wild MAGA appears"

    He uses whataboutism. It is not effective.
     
    JayGoogle, Nook, Yung-T and 1 other person like this.
  2. biina

    biina Member

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    Are you really that ignorant or just deliberately pretending to be so?

    I doubt Trump has even ever made any reference to Amazon and their wages, focusing more on USPS contract and their tax deals. Political pressure for wage increase has (AFAIK) only been coming from 'socialists' like Sanders and others on the left

    Amazon raised minimum wage cos of hiring challenges which has been growing annually for like 5yrs. As the business has grown exponentially, they have had difficulty staffing the warehouses and are looking at heavy staffing shortages for the incoming holiday shopping season. They have already been forced to raise their wages in California due to the increased state mininum wage which would reach $15 in 2022. The increased wage is simply a business decision.

    I doubt Trump and the GOP would appreciate Amazon's intent to help lobby for increasing the federal minimum wage from the current $7.25. The right doesnt like to increase the minimum wage
     
  3. KingCheetah

    KingCheetah Atomic Playboy
    Supporting Member

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    Exxon isn't selling the sun.
     
  4. SamFisher

    SamFisher Member

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    Putin, Stormy Daniels and Kim Jong Un started without Trumps wealth and they already own the son.
     
    Blatz likes this.
  5. dobro1229

    dobro1229 Member

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    I welcome the evidence and the truth finally becoming known about the mythos that we’ve allowed Trump to write about himself just because we didn’t know the facts.

    The facts are, he’s committed tax fraud to the highest degree. Won’t mean anything to Trump supporters but it takes away that veil that they hide behind when they defend him (He’s a self made billionaire... so we should trust that he knows what he’s doing with the economy and my job).

    The State of NY will be able to investigate this FYI, and if it meets the statutes, they will be able to bring state charges... likely after he’s not a sitting president due to DOJ guidelines.

    This is not a not big deal. Even though Trump fans of course won’t care because they know he’s a crook and a fraud, they just no longer can claim ignorance to the facts that come in contrast with the mythology they spew.
     
  6. pgabriel

    pgabriel Educated Negro

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    I like how the article references Trump's father transferring money to Donald at age 3 as Trump avoiding taxes

    Also like how they found illegal activity in tax returns that apparently the IRS missed
     
    John Oliver likes this.
  7. FranchiseBlade

    Supporting Member

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    Yes. I heard an accountant with a tax expert who couldn't believe the IRS didn't catch them. He said some of their cheats were so clumsy, crude, and unsophisticated that it is amazing they hadn't been caught sooner.

    Some of their fraud was as simple as lying about the value of properties etc. They lied about the value of gifts and things like this.

    One good thing about the article is how well documented it is. The NYT lawyers wouldn't allow them to use the word "fraud" unless it was ironclad and nobody would be able to win a lawsuit over the claims in this article.
     
    Yung-T likes this.
  8. conquistador#11

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    I, for one, am surprised .

    [​IMG]
     
    B-Bob, DonnyMost and Nook like this.
  9. Rocket River

    Rocket River Member

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    Still has not released them tax returns

    Rocket River
    Trump's base only cares about one thing. . . . . PISSING OFF THE OTHER SIDE
    That is their primary point of pride . .. they will die but be happy if it pisses off the other side
     
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  10. adoo

    adoo Member

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    fyi, before the injection of Russian $$$$, Trump had to kiss the asses of 2 HK real estate monguls, w financing from a state-owned bank in China, to save one his his prime properties in NYC

    http://bbs.clutchfans.net/index.php?threads/taiwan-numba-one.278895/page-14#post-10923901





    how Trump was schooled by 2 Chinese real estate moguls


    In 1994 Trump was on the verge of bankruptcy in the wake of the collapse of the US real estate market. A consortium of Hong Kong billionaires led by Henry Cheng and Vincent Lo came to his rescue.


    Cheng and Lo agreed to buy Trump's 77-acre property in New York City known as Riverside South, assume his debts and pay him 30 percent of the profits as well as fees for helping to manage the development of the site. To the extent that Trump had already spent huge $$$ developing the project which, at the time, was not yet profitable, the Chinese businessmen got in at a bargain basement price.

    The project turned out to be very lucrative. After several years of profitability, in 2005, the Hong Kong businessmen sold the development for US$ 1.76 billion, at the time, the largest residential real estate transaction in New York.

    However, Trump was furious, saying his partners did not consult him first before selling the project. He sued them and demanded US$1 billion in damages. Trump lost the case in a NYC court, and had to accept a 30% share in the profits from the project.

    moral of the story;

    buy low, sell high and, most important, out-negotiate others
    to gain the ability to call the shots.


    This deal also paved the way for Trump's future dealings w the state-owned Bank of China=
     
    fchowd0311 likes this.
  11. Nook

    Nook Member

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    [​IMG]

    He really hasn't done much of anything for coal miners.
    I suppose an argument can be made that at least he talked a lot about their plight and that is more than anyone else has.

    I agree with you that it is a losing long term proposition, like giving subsidies to horse drawn carriages 100 years ago...... we all know where this is headed.
     
  12. Nook

    Nook Member

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    Yet....... Amazon thanks........ Bernie Sanders.
     
  13. DonnyMost

    DonnyMost Member

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    Filing this one under "N" for "NO ****ING ****"
     
    arkoe likes this.
  14. SamFisher

    SamFisher Member

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    Sorry - filed it under "important reporting - don't normalize this sh-t"

    This is why the first amendment really exists, not to allow neo nazis to incite riots at colleges.
     
    JayGoogle and Xenon like this.
  15. adoo

    adoo Member

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    That Bombshell Report on Trump's DubiousTax Schemes
    May Spark an Investigation by New York Tax Authorities


    “The Tax Department is reviewing the allegations in the New York Times article and is vigorously pursuing all appropriate avenues of investigation,”; some of the tactics are outright tax fraud

    • the establishment of what seems to have been a shell company for siphoning money from the Trump empire to Donald, his siblings and a cousin—could be characterized as criminal tax fraud.
    • Fred and Mary Trump also appear to have significantly undervalued assets in tax returns.
      • When Fred died, the most valuable item in his estate tax return was “a $10.3 million I.O.U. from Donald Trump, money his son appears to have borrowed the year before he died.”


    http://fortune.com/2018/10/03/nyt-trump-tax-fraud-investigation/s
     
    conquistador#11 likes this.
  16. Rashmon

    Rashmon Member

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    I'm sticking with dotard.

    If the Times was able to get this much info, imagine what Mueller has compiled.
     
    No Worries, ipaman and FranchiseBlade like this.
  17. ipaman

    ipaman Member

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    I agree with this.
     
  18. ROXTXIA

    ROXTXIA Member

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    Gotta love the Trumpanzees.

    If any of us had pulled one thousandth of what he did, we'd get a huge fine and prison time. But Trump, he's a genius. Rules don't apply.
     
  19. juicystream

    juicystream Member

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    I'm not sure how a tax expert could be surprised. The IRS misses a lot of very obvious things, because they aren't looking at everything. Every audit I've ever dealt with has been correspondence. They often don't even ask for proof on every line, even if it is a large deduction because it isn't above a certain deviation from the norm, even though the most basic review would say it is likely fraudulent and would take almost zero effort when already requesting documentation.
     
  20. NewRoxFan

    NewRoxFan Member

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    This is where we are as a country.

     

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