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Member since: Mon Sep 19, 2016, 10:04 AM
Number of posts: 7,178

About Me

Russia Continues Info-War Tactics In US. MY OP HERE: https://www.democraticunderground.com/10029586724 .WATCH HERE: https://www.youtube.com/watch?v=Vy1vk1mZhiw. READ HERE: https://timesofsandiego.com/politics/2017/03/23/russia-duped-bernie-fans-via-facebook-san-diego-dems-told/LISTEN JOHN MATTES: https://www.youtube.com/watch?time_continue=1112&v=P2ujhoTqRtQ

Journal Archives

Trump’s Abuse of Trump Foundation — Criminal Tax Implications?

Much attention is being paid to how Donald Trump could have amassed a $900 million NOL in the mid 90s. I remain laser-focused on the Donald J. Trump Foundation. For this blog post I ask the question: could Mr. Trump’s misuse of the private foundation that he leads result in criminal sanctions under tax law?

I think there is enough evidence to open a criminal investigation into his activities. Nevertheless, a criminal prosecution is highly unlikely for both political reasons and issues of proof (ignorance of the law is a defense). Still, I think the IRS has a duty to open an investigation under the egregious set of facts I lay out.

Here is the important thing to keep in mind as you consider the arguments I lay out in this post: Donald Trump does not own the Foundation and its property does not belong to him. It does not matter from whom the money came. He is the president of a nonprofit organization that is entrusted with money to be used for charitable purposes that benefit the public.

When I first wrote about the Foundation we knew that in 2013 it had improperly paid $25,000 to Pam Bondi’s political campaign for AG of Florida. I noted then the potential application of tax criminal law because there was a false statement on the Foundation’s Form 990PF, (the Foundation claimed the money went to a KS charity “Justice for All”) but said it was highly unlikely under the circumstances that the IRS would invoke criminal sanctions in a single situation.

Today, we know a lot more about Foundation’s highly questionable transactions largely due to the intrepid work of Washington Post reporter David Fahrenthold. For instance: the Foundation purchased expensive portraits of Trump and sent those to Trump’s private clubs; it has paid money to settle Trump Organization private lawsuits; it has acted as the receiver of what appears to be Trump income, but counted it as a donation from the payors.

In this post, I first discuss the criminal statutes most likely to apply and then consider the broad themes of violations upon which a case might be built. At the end of the piece, in an appendix, I list all the questionable acts by year with links to sources to show the quantity and quality of the violations.

Continues: https://surlysubgroup.com/2016/10/03/trumps-abuse-of-trump-foundation-criminal-tax-implications/
Posted by Madam45for2923 | Tue Oct 4, 2016, 04:22 PM (8 replies)

The most important line on Trump’s tax return. MSNBC The Last word with L.O'Donnell

Line 6 $3,427,092
Posted by Madam45for2923 | Tue Oct 4, 2016, 03:31 PM (18 replies)

Two ads! What Donald Trump's tax returns reveal & Luisa, hija, empresaria e inmigrante

What Donald Trump's tax returns reveal | The Briefing

Luisa, hija, empresaria e inmigrante | Hillary Clinton

Posted by Madam45for2923 | Tue Oct 4, 2016, 01:49 PM (2 replies)

Donald Trump and Alicia Machado's 1997 interview with CBS News

Posted by Madam45for2923 | Tue Oct 4, 2016, 01:33 PM (6 replies)

6 Tuesdays including today! Vote early if you can! Vote wearing a Power Pantsuit!

Early Voting by State:

States with early voting
As of September 2016, the following 34 states (plus the District of Columbia) permitted no-excuse early voting in some form:[1]

District of Columbia
New Jersey
New Mexico
North Carolina
North Dakota
South Dakota
West Virginia

States with in-person absentee voting
In some states, a voter may be able to vote early if he or she provides some reason for being unable to vote on Election Day. This practice is known as in-person absentee voting. As of September 2016, the following five states permitted in-person absentee voting:

Note: The reasons a voter may give for voting in-person absentee vary significantly from state to state. For example, the South Carolina State Election Commission lists 16 separate criteria qualifying an individual to vote absentee. Meanwhile, the Missouri Secretary of State lists six. For more information, consult the relevant state election agency or local election official.

Kentucky (see here for details about absentee voting requirements)[2]
Mississippi(see here for details about absentee voting requirements)[3]
Missouri (see here for details about absentee voting requirements)[4]
New York (see here for details about absentee voting requirements)[5]
South Carolina (see here for details about absentee voting requirements)[6]
Virginia (see here for details about absentee voting requirements)[7]

States without early voting or in-person absentee voting
As of September 2016, the following eight states did not permit early voting or in-person absentee voting:[1]

New Hampshire
Rhode Island

States with all-mail voting
As of September 2016, the remaining three states (Colorado, Oregon, and Washington) used all-mail voting systems, thereby eliminating the need for early voting.

Registration Deadlines:

Posted by Madam45for2923 | Tue Oct 4, 2016, 08:29 AM (2 replies)

Art of the Steal: This is How Trump Lost $916M and Avoided Tax / David Cay Johnston

Art of the Steal: This is How Trump Lost $916M and Avoided Tax
This is how Donald Trump’s accountants and lawyers most likely used the tax code to avoid paying income tax for almost two decades.

David Cay Johnston

10.03.16 11:41 AM ET

The big New York Times scoop that Donald Trump used $916 million of tax losses to enjoy many income tax-free years raised a question the newspaper didn’t try to answer: How did Trump do it?
Trump, the only major-party presidential nominee in four decades to keep all his tax returns secret, insists “there’s nothing to learn from them.”

Yet in one day I figured out how Trump’s advisers almost certainly arranged the massive tax losses, skipped out on a massive income-tax bill, and then fashioned a loophole with more valuable tax benefits than the already liberal tax breaks Congress gives big real-estate owners while sticking others with the bill.

Trump dumped the real costs of all this on investors who saw gold in his brand name, but who lost everything even as he was paid tens of millions of tax-free dollars.

All this came from subtle clues on the front pages of Trump’s 1995 Connecticut, New Jersey, and New York state income-tax returns. Which sums were on which lines in each state pointed to how Trump must have organized his affairs. Two of the most respected tax professors in America agree with my analysis. Edward Kleinbard of the University of Southern California and Martin J. McMahon Jr. of the University of Florida refined my view.

Trump’s gambit is easy to explain in plain English, but for tax wonks the short version is this: Trump combined tax benefits under Section 1231 of the Internal Revenue Code with the exception provisions in Section 108.

Goes on in link: http://www.thedailybeast.com/articles/2016/10/03/art-of-the-steal-this-is-how-trump-lost-916m-and-avoided-tax.html?via=desktop&source=twitter
Posted by Madam45for2923 | Mon Oct 3, 2016, 07:50 PM (5 replies)

Someone trying to hack Kurt Eichenwald's twitter account!

Someone has tried to hack my Twitter account 7 times today. If I begin saying anything that doesn't sound like me it's not me.

Posted by Madam45for2923 | Sun Oct 2, 2016, 03:50 PM (4 replies)

Disclosure | The Briefing ~ New Ad with Eichenwald & Fahrenthold

Posted by Madam45for2923 | Sun Oct 2, 2016, 02:11 PM (2 replies)

New Ad: Trump victim: George Hanus | The Briefing

Posted by Madam45for2923 | Sun Oct 2, 2016, 02:08 PM (14 replies)

Mark Cuban: I saw Trump relative rolling her eyes during debate

Mark Cuban — who famously had a front-row seat at this week’s presidential debate — claims that he caught one of Donald Trump’s female family members rolling her eyes after one of Trump’s remarks during the face-off.

At the Advertising Week New York conference, Cuban — who declined to identify which Trump it was because he didn’t “want to bust them” — said, “There was a point where he said something, and this family member just rolled their eyes, and she saw that I had seen it.”

He added that while Hillary Clinton and her family lingered after the discussion to greet supporters, as soon as it was over it was “exit stage left immediately” for the Trumps.


Posted by Madam45for2923 | Sun Oct 2, 2016, 12:04 PM (20 replies)
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