Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Ten Quick Takeaways from the New York Times' Bombshell Article on Trump's Tax Returns
https://www.justsecurity.org/72604/ten-quick-takeaways-from-the-new-york-times-bombshell-article-on-trumps-tax-returns/ 1) Tax is the least of it.
2) Trump appears to be an absolutely terrible businessman.
3) As a matter of net worth, Trump appears not to be rich (despite his having inherited a large fortune).
4) There is nothing wrong in principle with using true economic losses to offset the tax that would otherwise be due on gains – but it also isn’t clever tax planning.
5) The ongoing IRS audit dispute regarding a $72.5 million loss deduction looks very bad for Trump.
6) The consulting fees that Trump’s various foreign businesses paid to Ivanka Trump and others look potentially fraudulent.
7) Other improper deductions that may have been claimed fraudulently.
8) Trump appears to have used substantial foreign losses to offset tax that would otherwise have been due on domestic source income.
9) The 2013 Miss Universe Pageant in Moscow raises troubling issues (albeit not tax-related) about the potential funneling of cash from a Putin associate to Trump.
10) There is an old saying that one can never detect tax fraud purely on the face of a tax return – but this comes closer than usual.
2) Trump appears to be an absolutely terrible businessman.
3) As a matter of net worth, Trump appears not to be rich (despite his having inherited a large fortune).
4) There is nothing wrong in principle with using true economic losses to offset the tax that would otherwise be due on gains – but it also isn’t clever tax planning.
5) The ongoing IRS audit dispute regarding a $72.5 million loss deduction looks very bad for Trump.
6) The consulting fees that Trump’s various foreign businesses paid to Ivanka Trump and others look potentially fraudulent.
7) Other improper deductions that may have been claimed fraudulently.
8) Trump appears to have used substantial foreign losses to offset tax that would otherwise have been due on domestic source income.
9) The 2013 Miss Universe Pageant in Moscow raises troubling issues (albeit not tax-related) about the potential funneling of cash from a Putin associate to Trump.
10) There is an old saying that one can never detect tax fraud purely on the face of a tax return – but this comes closer than usual.
MUCH more detail of each point at the article
Today’s dump of apprentice era info isn’t as juicy but this first tranche certainly was
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
This is great stuff!
