Are You Guys Trying to Avoid That Pesky New York Times Article?

...as per instruction.

As expected, the Proud Boys of ECCIE are ready to light up the torches and march to defend their god. Originally Posted by Yssup Rider

Not a single hardcore, right-wing nut job has commented yet. The new game is ''Biden is a racist'',... Originally Posted by Chung Tran

Old news Chungy. Biden always was and sill is. Trump never was and still isn't.

...ever admitted a single God Damn thing he ever did, was less than spectacular... Originally Posted by Chung Tran

We have a saying about that thing right there: Never try to teach a pig to sing. It's a waste of time and it annoys the pig. Oink on man.

What is up with the comments regarding my "Dad up a Trannys backside" and me having "brain damage"?

For a private citizen to make money and utilize the tax codes to maximum advantage is cool.

But for a public figure to front as being big time and wealthy and then a disclosure that he pays no taxes comes forth is not cool to Most regular people.

If anyone thinks this is a positive good thing I disagree.I have stated I understand it is viewed as a positive by Trump supporters which comprise about 40 % of the electorate.

Where Trump is going to get in legal problem is when the conflicting IRS signed returns conflict with the Banking signed documents as to his financial situation.They will be widely disparate.

What is up with the comments regarding my "Dad up a Trannys backside" and me having "brain damage"?

For a private citizen to make money and utilize the tax codes to maximum advantage is cool.

But for a public figure to front as being big time and wealthy and then a disclosure that he pays no taxes comes forth is not cool to Most regular people.

If anyone thinks this is a positive good thing I disagree.I have stated I understand it is viewed as a positive by Trump supporters which comprise about 40 % of the electorate.

Where Trump is going to get in legal problem is when the conflicting IRS signed returns conflict with the Banking signed documents as to his financial situation.They will be widely disparate. Originally Posted by sportfisherman

Trump has made lots of money as a private citizen somewhere in the Billions, so yes he has taken advantage of tax codes and laws where he has done business. As a politician he really isn't making any money. If you're concerned about his taxes which is none of your business. Then maybe you really are brain damaged.

...Where Trump is going to get in legal problem is when the conflicting IRS signed returns conflict with the Banking signed documents as to his financial situation.They will be widely disparate. Originally Posted by sportfisherman

Yes, I will be watching to see how Hunter Biden accounts for the many Millions of dollars flowing in from international sources and flowing back out through international sources squares with bank records and divorce interrogatories during his Dad's tenure as VP. Actually, I am also a little curious on how come those international sources are Ukraine, Russia and China - the 3 main countries that his Dad was point person for as VP. Ah, probably just a coincidence and unfortunate that Daddy didn't know about it while they were jetting around the globe together at tax payer expense on AF2. Sure would be a shame if tose records fell into the sunlight. Huh?

Something about living in glass houses and throwing stones comes to mind. Unless you are from Hawaii where it would be living in glass huts and stowing thrones.

Don't miss the Ivanka Trump bombshell buried in the Times tax story


The big bombshell in The New York Times tax returns story is, obviously, the fact that President Donald Trump paid just $750 in federal income taxes in each 2016 and 2017 — and for 10 of the 15 previous years, paid no federal income taxes at all.

But there’s another massive revelation contained in the Times’ reporting that isn’t getting nearly enough attention: Trump wrote off $26 million in unexplained “consulting fees” between 2010 and 2018, with almost $750,000 apparently going to his daughter, Ivanka, in one disclosure.

Here’s how the Times explained the setup (bolding is mine):

“Mr. Trump reduced his taxable income by treating a family member as a consultant, and then deducting the fee as a cost of doing business.

“The ‘consultants’ are not identified in the tax records. But evidence of this arrangement was gleaned by comparing the confidential tax records to the financial disclosures Ivanka Trump filed when she joined the White House staff in 2017. Ms. Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.

“Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father’s business.“

So consider what we know, according to the Times reporting.

1) In at least two deals — hotels in Hawaii and Vancouver, Ivanka Trump appears to have double-dipped — serving as both a project manager in her official capacity as a senior staffer for her father’s company and as a “consultant” to those same projects.

2) In those deals, Ivanka Trump’s apparent categorization as a “consultant” allowed her father to write off three-quarters of a million dollars. (The IRS allows “consulting fees” to be written off as business expenses.)

Which is, well, pretty bad. (The Trump Organization’s lawyer offered no comment or explanation for the setup to the Times.)

But it appears as though the Times may only have found the tip of the iceberg here.

Why? Because of the $26 million that Trump wrote off as “consulting fees” between 2010 and 2018, none is allocated to any specific person or entity. (The Times figured out the $747,622 payment by matching an amount paid in Trump’s tax returns to the same sum reported by Ivanka Trump on her financial disclosure forms filed when she went to work in the White House in 2017.)

So we don’t know who received the other $25-ish million that Trump wrote off to “consulting fees” during that time. (Worth noting: The Times reports that Trump wrote off roughly 20% of all income he made on projects over that time to “consulting fees.”)

Given the apparent payment to Ivanka Trump revealed by the Times, however, it’s not terribly far-fetched to wonder whether all (or much) of those “consulting fees” went through a similar process: Paid to one of Trump’s offspring who were serving as both managers of these operations for the Trump Organization and as consultants to the projects as well.

When asked for comment, Ivanka Trump’s office directed CNN to the Trump campaign, whose spokesman Tim Murtaugh attacked the reporting as “bogus” but did not offer any explanation for the apparent payment.

As of this writing, Ivanka Trump hasn’t commented on the $750,000 she seems to have made in consulting fees on the hotel deals in Hawaii and Vancouver, though the story did break over the Yom Kippur holiday. She also hasn’t explained whether this was a practice that she and her father engaged in regularly when it came to business deals.

But she needs to.


https://ktvz.com/money/2020/09/28/do...mes-tax-story/

Trump wrote off 20% of his income, in consulting fees?
Hmm.. That exactly matches the Qualified Business Income Deduction he put in the 2017 tax code.

Guess he got tired of having to account for expenses.

Don't miss the Ivanka Trump bombshell buried in the Times tax story


The big bombshell in The New York Times tax returns story is, obviously, the fact that President Donald Trump paid just $750 in federal income taxes in each 2016 and 2017 — and for 10 of the 15 previous years, paid no federal income taxes at all.

But there’s another massive revelation contained in the Times’ reporting that isn’t getting nearly enough attention: Trump wrote off $26 million in unexplained “consulting fees” between 2010 and 2018, with almost $750,000 apparently going to his daughter, Ivanka, in one disclosure.

Here’s how the Times explained the setup (bolding is mine):

“Mr. Trump reduced his taxable income by treating a family member as a consultant, and then deducting the fee as a cost of doing business.

“The ‘consultants’ are not identified in the tax records. But evidence of this arrangement was gleaned by comparing the confidential tax records to the financial disclosures Ivanka Trump filed when she joined the White House staff in 2017. Ms. Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.

“Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father’s business.“

So consider what we know, according to the Times reporting.

1) In at least two deals — hotels in Hawaii and Vancouver, Ivanka Trump appears to have double-dipped — serving as both a project manager in her official capacity as a senior staffer for her father’s company and as a “consultant” to those same projects.

2) In those deals, Ivanka Trump’s apparent categorization as a “consultant” allowed her father to write off three-quarters of a million dollars. (The IRS allows “consulting fees” to be written off as business expenses.)

Which is, well, pretty bad. (The Trump Organization’s lawyer offered no comment or explanation for the setup to the Times.)

But it appears as though the Times may only have found the tip of the iceberg here.

Why? Because of the $26 million that Trump wrote off as “consulting fees” between 2010 and 2018, none is allocated to any specific person or entity. (The Times figured out the $747,622 payment by matching an amount paid in Trump’s tax returns to the same sum reported by Ivanka Trump on her financial disclosure forms filed when she went to work in the White House in 2017.)

So we don’t know who received the other $25-ish million that Trump wrote off to “consulting fees” during that time. (Worth noting: The Times reports that Trump wrote off roughly 20% of all income he made on projects over that time to “consulting fees.”)

Given the apparent payment to Ivanka Trump revealed by the Times, however, it’s not terribly far-fetched to wonder whether all (or much) of those “consulting fees” went through a similar process: Paid to one of Trump’s offspring who were serving as both managers of these operations for the Trump Organization and as consultants to the projects as well.

When asked for comment, Ivanka Trump’s office directed CNN to the Trump campaign, whose spokesman Tim Murtaugh attacked the reporting as “bogus” but did not offer any explanation for the apparent payment.

As of this writing, Ivanka Trump hasn’t commented on the $750,000 she seems to have made in consulting fees on the hotel deals in Hawaii and Vancouver, though the story did break over the Yom Kippur holiday. She also hasn’t explained whether this was a practice that she and her father engaged in regularly when it came to business deals.

But she needs to.


https://ktvz.com/money/2020/09/28/do...mes-tax-story/ Originally Posted by andymarksman

I don't think the $750,000 in consulting fees is a huge deal, although the IRS or Cyrus Vance, Jr. could try to make it huge. Ivanka probably would have paid about as much in tax on the income as the Trump organization would have paid without the deduction. As to the argument that Trump was avoiding estate and gift taxes by overpaying Ivanka, I suspect that's going to be a hard case to make.

The bigger question is the rest of the $26 million. Some of this was paid to people in places like Azerbaijan and Turkey. You pay money to a consultant, then the consultant pays bribes to public officials. And when that happens it's a felony. However, given that Trump was mainly allowing developers and hoteliers to use his name and receive royalties in return, that's probably not what was going on. Anyway, it would be interesting to know exactly what the fees were for.

The bigger question is the rest of the $26 million. Some of this was paid to people in places like Azerbaijan and Turkey. Originally Posted by Tiny

Who are those "people"? You don't mind if I'm just trying to clear things up?


https://www.ibtimes.com/new-york-tim...ompany-3053141

Trump wrote off 20% of his income, in consulting fees?
Hmm.. That exactly matches the Qualified Business Income Deduction he put in the 2017 tax code.

Guess he got tired of having to account for expenses. Originally Posted by Chung Tran

Fake news! Only congress can put something in a tax bill.

Poor little am and the comrade Xi acolytes - always searching for a 'Bombshell" - and every One since trump's inauguration has been a DUD!!!
Groupthink - am - directed by comrade Xi - You DPST sheeple never learn - due to your Trump hatred.



Not a way to live life - hatred is self-destructive.

You’re living proof!

HAHAHAHAHAHAHAHAHAHA!