Lawyer: Trump Had No Income From Russians, With Exceptions

[brooklynite]

Source: NBC Washington

President Donald Trump's lawyers say a review of his last 10 years of tax returns do not reflect "any income of any type from Russian sources," with some exceptions.

The lawyers did not release copies of Trump's tax returns so The Associated Press cannot independently verify their conclusions.

The letter says there is no equity investment by Russians in entities controlled by Trump or debt owed by Trump to Russian lenders. It does reflect income from the 2013 Miss Universe pageant held in Moscow and a property sold to a Russian billionaire in 2008 for $95 million.

The White House says Trump asked his lawyers for a letter following a request from Republican Sen. Lindsey Graham of South Carolina, who heads one of the congressional committees investigating Russia's interference in last year's election.


Read more: http://www.nbcwashington.com/news/national-international/Trump-Lawyer-Talks-Tax-Returns-Russian-Sources-422096413.html

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Question: If Comey said (three times!) that Trump wasn't under investigation regarding Russia, why did he need to make a statement about his income?

[PatSeg]

1. Well, alrighty then

Case closed, lets just move along.

[lastlib]

19. Charlie Brown: "WOW! It's a SIGNED DOCUMENT!"

Lucy: "Peculiar thing about that signed document--it was never notarized."

[PatSeg]

24. Who does he think he's fooling?

How has this man survived for 70 years?

[Wounded Bear]

2. Changed into his lawyer suit...

[underpants]

3. Exactly

[Sunlei]

10. nothing like a free 25k A MONTH apartment in NYC 5th ave trump tower in exchange for "services'

[Wawannabe]

33. tRump's* sister

Is a lawyer.

[underpants]

4. So Eric and Donnie Jr. we're both lying?

[R Merm]

5. Notice, he said no income and not that he did not receive any funds.

Such as loans

[More_Cowbell]

14. Also that the returns "do not reflect income"

Not that he didn't get any.

[LisaM]

30. Exactly!

That statement struck me as very evasive, too.

[Julian Englis]

6. What this means is the money came for Cyprian, German, Cayman, etc. accounts controlled by Russians

How dumb do these people think we are?

Pretty dumb--as some people still support Trump.

[Wawannabe]

35. Right?

When laundered money changes hands it sure as hell doesn't come with a receipt of ORIGIN! Bwaaahaaaahaaa!

[Sunlei]

7. Do any criminals list criminal stuff on their income tax forms?

[jberryhill]

29. They should

[Wawannabe]

36. This

Made me laugh a little hysterically. I do not know why but it just hit my funny bone. I think I AM going batshit!!!!

[jberryhill]

39. No, seriously, you should

If you do something illegal, and list the income on your tax return as "other income", then you MIGHT be able to beat the criminal charge on some other grounds, but you are NOT going to beat the tax evasion charge.

As evidence in the criminal case, the tax form can be excluded under the 5th Amendment. But that doesn't apply when the charge is falsifying your return in the first place.

That's how they got Al Capone.

[Wawannabe]

40. Thanks!

I'll remember this when I go Capone next time!

Should I make up the detail tho???
Lemonade stand?
Garage sale?
Masseuse services rendered?
Wildflower seed sales?

And yes I am also serious. This is need to know shit. In case. Right?

[jberryhill]

41. "Other income"

[Wawannabe]

42. K

Slow but sure.
Have dine my own taxes but been awhile. I was thinking you had to include short detail.

[jberryhill]

43. Well, are you going to itemize deductions?

I mean, if I only got $400 for muggings and spent $300 on the gun, I might want to itemize that.

[Wawannabe]

47. $

Cha Ching!

[jberryhill]

49. WAIT - my wife reminded me - the gun is capital equipment

Instead of expensing it, you might want to depreciate it over whatever is the schedule for Saturday Night Specials.

You can deduct ammunition expenses up to the amount actually fired in your fiscal year.

Issue 1099's to your lookouts, though, for sure.

[George II]

8. Perhaps donnie should have a talk with his sons, who said they DID have a lot of money....

...coming in from Russia.

Can't they get their stories straight?

[Wawannabe]

37. Let us see

THEIR taxes!
Um, now.

[Erick the Read]

9. "with some exceptions"

[meow2u3]

25. Exceptions such as...

loans from Russian mobsters?
money laundering operations?

[pnwmom]

11. That's because he's not counting the Russian money he got laundered through Deutsche bank.

Even though Deutsche had to sue him in 2008 because he was refusing to pay his loan - -- they finally settled -- the private wealth side of Deutsche gave him new loans in subsequent years when no other banks would.

Where did the private wealth money come from and why were they willing to lend it to DT? Was it part of the Russian funds that Deutsche was shown to have laundered for Russians?

https://www.theguardian.com/us-news/2017/feb/16/deutsche-bank-examined-trump-account-for-russia-links

[not fooled]

12. And what about

any dump entities controlled by the con family? Maybe there are additional corps that don't necessarily show on the con's returns but are in the names of other dump crime family members? Iwanna and Jarhead, for example? Or Uday and Kusay?

Besides, show us the returns, not a dump stooge's take on the returns.

[treestar]

13. If something is a loan, is it "income"

in the tax code sense? That might be some lawyerly dodging.

[7962]

17. No, a loan is not income. The cash becomes an untaxed asset & the loan int. is a debt.

think of borrowing against a property;thats how you get equity out without it being taxable.
Borrow 30k against a paid off rental property. Your rent received pays the debt payment, the rent is also whats reported as "income". The 30K counts as nothing to the IRS.

[dalton99a]

15. Lawyer: My Client Never Committed Any Crimes, With Exceptions

[joeybee12]

16. Loans and investment into trump businesses are not income

Jebus, if a non-finance guy like me can easily call BS, how lame is this letter?

[chelsea0011]

18. Just put that in a neat little pile for shit to use against him later

[kimbutgar]

20. Yeah sure

That argument might work in his private businesss but he is scrotus and no letter will exonerate him when the truth emerges.

He should release his taxes then.

[mahatmakanejeeves]

21. Here is the certified letter. Investigation is over.

Here is the certified letter. Investigation is over.

Link to tweet

[Bernardo de La Paz]

22. Depends how you define "Russians", esp after money is washed in multitudes of numbered companies.nt

[Bernardo de La Paz]

23. Re your Question: Your premise is false. Comey did not say that once, let alone three times. nt

[bettyellen]

26. Shell companies.

[mindem]

27. So much for his returns being under audit.

What a lying sack of shit.

[WePurrsevere]

28. Yeah... Pfft! Show us his taxes &.absolute proof or it's just more of Trump's LIES. nt

[Lifelong Protester]

31. "With exceptions"????

[marylandblue]

32. That's exactly what I put on my taxes

I didn't owe any tax because I had no choice ncome this year, with exceptions. Fortunatelt IRs is being cut so there is nobody.there to check.

[Feathery Scout]

34. I fully trust Trump's lawyer from the law firm that was 'Russia Law Firm of the Year'

[whistler162]

38. And Trump was a success in Atlantic City

with a few exceptions!

[Vinca]

44. It's not "income" that is at issue. It's financing.

Is the Russian mob underwriting the Trump empire?? American banks haven't wanted to deal with him because bankruptcy is a sure thing based on past history.

[NewRedDawn]

48. Ding Ding Ding.

WE have the winning answer.

[pansypoo53219]

45. 'income'. loansmoney laundering.

[Bradical79]

46. Alternate headline: Trump Had Income From Russians

When his lawyer said "with exceptions" and signs it, that's an admition of taxable income from Russia, lol.