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In reply to the discussion: Trump owes more than ***$50 million*** to an LLC that exists mostly on paper. [View all]crickets
(25,896 posts)20. One of the many data points showing why he is desperate to keep his tax records hidden.
This one scam alone just boggles the mind. Link to the Mother Jones article mentioned:
Donald Trump Has Never Explained a Mysterious $50 Million Loan. Is It Evidence of Tax Fraud?
Donald Trumps massive debtshe owes hundreds of millions of dollarsare the subject of continuous congressional and journalistic scrutiny. But for years, one Trump loan has been particularly mystifying: a debt of more than $50 million that Trump claims he owes to one of his own companies. According to tax and financial experts, the loan, which Trump has never fully explained, might be part of a controversial tax avoidance scheme known as debt parking. Yet a Mother Jones investigation has uncovered information that raises questions about the very existence of this loan, presenting the possibility that this debt was concocted as a ploy to evade income taxesa move that could constitute tax fraud.
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Trump owes more than ***$50 million*** to an LLC that exists mostly on paper. [View all]
mahatmakanejeeves
Nov 2019
OP
Yeah, rump owning interest payments/etc. to himself, so he can write off on taxes to ...
SWBTATTReg
Nov 2019
#1
One of the many data points showing why he is desperate to keep his tax records hidden.
crickets
Nov 2019
#20
He's stupid enough to hire Guiliani, imagine the idiots he has managing his money.
AtheistCrusader
Nov 2019
#26
If these Financial Disclosure forms that Trump is signing are required of Trump as President,
politicaljunkie41910
Nov 2019
#33
Damn is there no end to odious traitor [& family] in WH criminality/corruption? Can you imagine if
RestoreAmerica2020
Nov 2019
#7
tRump* and his "real estate" businesses have been prime cash laundries for the Russians*...
Raster
Nov 2019
#23
Mother Jones: We uncovered information that raises questions about the very existence of this loan.
mahatmakanejeeves
Nov 2019
#37
LONG and detailed thread showing links to Trump Tower Chicago w/this LLC (money laundering???)
Roland99
Nov 2019
#42
Thanks for digging that up. DU covered it then too. Not only that, but....
mahatmakanejeeves
Nov 2019
#44