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seb146
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Fri Jul 02, 2021 5:26 pm

And what does this indictment and investigation say about his brand? Of course, he will pivot to paranoia with ramblings on "the deep state" and Obama and Democrats out to get him. And his followers will eat it up. Let's also not forget that, during a 2016 debate against Hillary, she called out him not releasing his tax returns because she believed that would show tax fraud. He said that makes him smart. He is half right: if he does not show his tax returns, we will not know how big the fraud is.
You bet I'm pumped!!! I just had a green tea!!!
 
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casinterest
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Fri Jul 02, 2021 5:40 pm

seb146 wrote:
And what does this indictment and investigation say about his brand? Of course, he will pivot to paranoia with ramblings on "the deep state" and Obama and Democrats out to get him. And his followers will eat it up. Let's also not forget that, during a 2016 debate against Hillary, she called out him not releasing his tax returns because she believed that would show tax fraud. He said that makes him smart. He is half right: if he does not show his tax returns, we will not know how big the fraud is.



Isn't it ironic how the man that shouted Lock Her UP to a person that was transparent in their investigation, complains about the deep state as they obfuscate their financial dealings?
Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did..So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.--Mark Twain
 
johns624
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sat Jul 03, 2021 12:11 am

casinterest wrote:

Isn't it ironic how the man that shouted Lock Her UP to a person that was transparent in their investigation, complains about the deep state as they obfuscate their financial dealings?
Not really. The best defense is a good offense.
 
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seb146
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sat Jul 03, 2021 4:19 pm

johns624 wrote:
casinterest wrote:

Isn't it ironic how the man that shouted Lock Her UP to a person that was transparent in their investigation, complains about the deep state as they obfuscate their financial dealings?
Not really. The best defense is a good offense.


Explain.

All these years we heard him say he could not release his tax returns because he was under audit. Every word of that was a lie. He could have released his tax returns, even if he were under audit and audits do not take that long.

But, if he does not show any information, the MAGA crew can still claim how wonderful he is because they see no evidence. Even when evidence is produced of what a massive fraud he is, the will still claim "deep state" and Hillary and Democrats and "antifa" and blame everyone else but their dear leader. Just like always.
You bet I'm pumped!!! I just had a green tea!!!
 
johns624
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sat Jul 03, 2021 4:37 pm

seb146 wrote:
johns624 wrote:
casinterest wrote:

Isn't it ironic how the man that shouted Lock Her UP to a person that was transparent in their investigation, complains about the deep state as they obfuscate their financial dealings?
Not really. The best defense is a good offense.


Explain.

All these years we heard him say he could not release his tax returns because he was under audit. Every word of that was a lie. He could have released his tax returns, even if he were under audit and audits do not take that long.

But, if he does not show any information, the MAGA crew can still claim how wonderful he is because they see no evidence. Even when evidence is produced of what a massive fraud he is, the will still claim "deep state" and Hillary and Democrats and "antifa" and blame everyone else but their dear leader. Just like always.
Simple. He kept yelling about the wrongdoing by Obama, Clinton and everyone else, so that the media would hopefully be so busy digging into those stories that they wouldn't think to look into his shenanigans.
 
Virtual737
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sat Jul 03, 2021 4:53 pm

I obviously knew the name from me being an aviation nut, but prior to his calling out Obama for not being a US citizen (with clearly not even an ounce of proof) he was just a big mouth. Birthergate alone was enough for people to look for any dirt on DJT whatsoever and he absolutely has brought all this on himself. I'm surprised it actually took this long.
 
alfa164
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sun Jul 04, 2021 2:49 pm

ltbewr wrote:
Isn't that ironic Rudy got a conviction on crooks like Helmsley but then worked for a bigger crook in Trump.


In one of his more stupid moves to date, Herr Trump seems to have admitted to doing the deeds - but claimed that, since "everybody does it", it shouldn't be a crime:

https://www.businessinsider.com/trump-acknowledges-tax-schemes-behind-charges-denies-theyre-crimes-2021-7

I am betting he didn't ask his attorneys to look over the speech before he gave it...

:roll:
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I have decided to be cremated....
 
ltbewr
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sun Jul 04, 2021 3:18 pm

alfa164 wrote:
ltbewr wrote:
Isn't that ironic Rudy got a conviction on crooks like Helmsley but then worked for a bigger crook in Trump.

In one of his more stupid moves to date, Herr Trump seems to have admitted to doing the deeds - but claimed that, since "everybody does it", it shouldn't be a crime:
https://www.businessinsider.com/trump-acknowledges-tax-schemes-behind-charges-denies-theyre-crimes-2021-7

I am betting he didn't ask his attorneys to look over the speech before he gave it... :roll:

Sadly our convoluted, complicated loophole ridden tax laws and under-enforcement of them caused by massive bribery of the rich and corps to politicians of both parties have made it too easy for people like Trump to get away with impunity for decades. Meanwhile someone who's family is eligible for the Child Tax Credit is 100X more likely to get audited and punished than the Trumps of he country.
 
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Thunderboltdrgn
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Fri Jul 30, 2021 6:36 pm

The US justice department has just ruled that the US treasury department have to give Trump's tax returns to the investigators at the US congress
IMO Trump can run (away with his tax returns) but he can no longer hide so it's time to hand over those tax returns.

The Treasury Department must turn over former President Donald J. Trump’s tax returns to congressional investigators, the Justice Department
said in a legal opinion issued on Friday that paves the way for their release after a yearslong fight.

The House Ways and Means Committee had requested Mr. Trump’s tax returns for the years immediately before he became president as part of its
review of the Internal Revenue Service’s presidential audit program. The Trump administration stymied the request and the committee sued to obtain the documents.


https://cbnc.com/treasury-must-give-tru ... dept-says/
Like a thunderbolt of lightning the Dragon roars across the sky. Il Drago Ruggente
 
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casinterest
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Fri Jul 30, 2021 6:59 pm

Thunderboltdrgn wrote:
The US justice department has just ruled that the US treasury department have to give Trump's tax returns to the investigators at the US congress
IMO Trump can run (away with his tax returns) but he can no longer hide so it's time to hand over those tax returns.

The Treasury Department must turn over former President Donald J. Trump’s tax returns to congressional investigators, the Justice Department
said in a legal opinion issued on Friday that paves the way for their release after a yearslong fight.

The House Ways and Means Committee had requested Mr. Trump’s tax returns for the years immediately before he became president as part of its
review of the Internal Revenue Service’s presidential audit program. The Trump administration stymied the request and the committee sued to obtain the documents.


https://cbnc.com/treasury-must-give-tru ... dept-says/



Not sure if this belongs in another thread or not, This has been a long 2 year battle that is outside of the Trump organization purview,. I am sure we will hear this weekend of trump's lawyers suing to stop it.
Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did..So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.--Mark Twain
 
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OA412
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Fri Jul 30, 2021 8:29 pm

I still maintain the reason he's refused to produce them is because they show he has a net worth much smaller than he's always claimed. Even if they do prove Russian entaglement, money laundering, or whatever, I really don't think he cares. He's shown time and again he's too stupid to care about those things. It's all about his fragile ego, and I'm willing to bet they'll just prove what the rest of us have always suspected regarding his net worth.
Hughes Airwest - Top Banana In The West
 
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casinterest
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Fri Jul 30, 2021 8:49 pm

OA412 wrote:
I still maintain the reason he's refused to produce them is because they show he has a net worth much smaller than he's always claimed. Even if they do prove Russian entaglement, money laundering, or whatever, I really don't think he cares. He's shown time and again he's too stupid to care about those things. It's all about his fragile ego, and I'm willing to bet they'll just prove what the rest of us have always suspected regarding his net worth.


I suspect you are correct.
I also suspect that he is worried about how many folks will call out some questionable write downs on value, and where his income is really coming from.
Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did..So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.--Mark Twain
 
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Aesma
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sat Jul 31, 2021 1:10 am

Well yeah if what the Trump org has done is any indication his tax filings might show him as almost bankrupt, on purpose !

Although he might well be that in practice, too.
New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
 
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Thunderboltdrgn
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sat Jul 31, 2021 9:26 am

casinterest wrote:
Thunderboltdrgn wrote:
The US justice department has just ruled that the US treasury department have to give Trump's tax returns to the investigators at the US congress
IMO Trump can run (away with his tax returns) but he can no longer hide so it's time to hand over those tax returns.

The Treasury Department must turn over former President Donald J. Trump’s tax returns to congressional investigators, the Justice Department
said in a legal opinion issued on Friday that paves the way for their release after a yearslong fight.

The House Ways and Means Committee had requested Mr. Trump’s tax returns for the years immediately before he became president as part of its
review of the Internal Revenue Service’s presidential audit program. The Trump administration stymied the request and the committee sued to obtain the documents.


https://cbnc.com/treasury-must-give-tru ... dept-says/



Not sure if this belongs in another thread or not, This has been a long 2 year battle that is outside of the Trump organization purview,. I am sure we will hear this weekend of trump's lawyers suing to stop it.


Well IMO his tax returns are closely connected to his business organization and the management of those. There already a ton of short stub threads about Trump
so I don't want to start another one and the mods doesn't to thrilled about users resurrecting older threads.

Anyway I'm with OA412 that the tax returns will show that Trump isn't as rich as he claims (or perhaps that he isn't rich at all but actually quite poor) and that he has
been using fraudulent behaviour regarding taxes and generally regarding real estate values and etc.
Like a thunderbolt of lightning the Dragon roars across the sky. Il Drago Ruggente
 
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ER757
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sat Jul 31, 2021 5:26 pm

OA412 wrote:
I still maintain the reason he's refused to produce them is because they show he has a net worth much smaller than he's always claimed. Even if they do prove Russian entaglement, money laundering, or whatever, I really don't think he cares. He's shown time and again he's too stupid to care about those things. It's all about his fragile ego, and I'm willing to bet they'll just prove what the rest of us have always suspected regarding his net worth.

100% this - He's been a fraud for years and he's deathly afraid of being exposed.
 
hashtagconfused
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Sun Aug 01, 2021 1:19 am

where on tax returns is net worth listed? i did not know this info was included as i have never seen it on mine.
 
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casinterest
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Mon Aug 02, 2021 3:05 pm

hashtagconfused wrote:
where on tax returns is net worth listed? i did not know this info was included as i have never seen it on mine.



Trump's will be much more apparent, as he uses depreciation of real estate on his returns which makes up most of his wealth, at least until he established all these PAC's that seem to gain money from people willing to give away their money to a liar.
Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did..So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.--Mark Twain
 
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seb146
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Mon Aug 02, 2021 6:29 pm

casinterest wrote:
hashtagconfused wrote:
where on tax returns is net worth listed? i did not know this info was included as i have never seen it on mine.



Trump's will be much more apparent, as he uses depreciation of real estate on his returns which makes up most of his wealth, at least until he established all these PAC's that seem to gain money from people willing to give away their money to a liar.


But I thought there were laws on how PACs can use that money? Not for personal things like bronzer and paying off debts to foreign agents and paying hush money to porn actresses but for actual campaign things?
You bet I'm pumped!!! I just had a green tea!!!
 
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casinterest
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Mon Aug 02, 2021 6:38 pm

seb146 wrote:
casinterest wrote:
hashtagconfused wrote:
where on tax returns is net worth listed? i did not know this info was included as i have never seen it on mine.



Trump's will be much more apparent, as he uses depreciation of real estate on his returns which makes up most of his wealth, at least until he established all these PAC's that seem to gain money from people willing to give away their money to a liar.


But I thought there were laws on how PACs can use that money? Not for personal things like bronzer and paying off debts to foreign agents and paying hush money to porn actresses but for actual campaign things?



Yes, but what if a PAC runs a fundraiser with expenses at Trump properties and gets catering from various private entities run by Trump and his associates? 3000 a night for a room. 100 dollar bud lights.......etc
Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did..So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.--Mark Twain
 
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seb146
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Mon Aug 02, 2021 6:42 pm

casinterest wrote:
seb146 wrote:
casinterest wrote:


Trump's will be much more apparent, as he uses depreciation of real estate on his returns which makes up most of his wealth, at least until he established all these PAC's that seem to gain money from people willing to give away their money to a liar.


But I thought there were laws on how PACs can use that money? Not for personal things like bronzer and paying off debts to foreign agents and paying hush money to porn actresses but for actual campaign things?



Yes, but what if a PAC runs a fundraiser with expenses at Trump properties and gets catering from various private entities run by Trump and his associates? 3000 a night for a room. 100 dollar bud lights.......etc


"A fool and his money...." I suppose...
You bet I'm pumped!!! I just had a green tea!!!
 
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casinterest
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Mon Aug 02, 2021 6:49 pm

seb146 wrote:
casinterest wrote:
seb146 wrote:

But I thought there were laws on how PACs can use that money? Not for personal things like bronzer and paying off debts to foreign agents and paying hush money to porn actresses but for actual campaign things?



Yes, but what if a PAC runs a fundraiser with expenses at Trump properties and gets catering from various private entities run by Trump and his associates? 3000 a night for a room. 100 dollar bud lights.......etc


"A fool and his money...." I suppose...

Well a snowflake is no big issue either ,but get a bunch of them together and you can get a destructive avalanche .

The issue is that there are a lot of long cons going. I always look to that scene in "Wolf of Wall Street" where matthew mcconaughey explains stock trading. It doesn't natter if the stock goes up and down. You have to have another idea to keep them on the merry go round . A new idea, and new inspiration. Keep them hooked. .
Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did..So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.--Mark Twain
 
hashtagconfused
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Mon Aug 02, 2021 8:16 pm

casinterest wrote:
hashtagconfused wrote:
where on tax returns is net worth listed? i did not know this info was included as i have never seen it on mine.



Trump's will be much more apparent, as he uses depreciation of real estate on his returns which makes up most of his wealth, at least until he established all these PAC's that seem to gain money from people willing to give away their money to a liar.


will that really show his net worth since depreciation is based on purchase price value of the structures and does not include the land. it also will not show any debts against those properties, value of bank/stock/etc accounts. additionally he could have some properties that have already been depreciated to zero and no longer be on the taxes
 
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seb146
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Tue Aug 03, 2021 5:04 am

hashtagconfused wrote:
casinterest wrote:
hashtagconfused wrote:
where on tax returns is net worth listed? i did not know this info was included as i have never seen it on mine.



Trump's will be much more apparent, as he uses depreciation of real estate on his returns which makes up most of his wealth, at least until he established all these PAC's that seem to gain money from people willing to give away their money to a liar.


will that really show his net worth since depreciation is based on purchase price value of the structures and does not include the land. it also will not show any debts against those properties, value of bank/stock/etc accounts. additionally he could have some properties that have already been depreciated to zero and no longer be on the taxes


Wouldn't he have to show the value of stocks for tax purposes? Also, isn't depreciation calculated at a specific rate? Like over a certain span of years? Like he could not depreciate his Las Vegas property (for example) over a year but it would have to be over a number of years because of GAAP rules? My mind is a little fuzzy on the meat of accounting but it sounds like that would raise red flags.
You bet I'm pumped!!! I just had a green tea!!!
 
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casinterest
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Re: Trump Organization and CFO Expected to be Charged Tomorrow

Tue Aug 03, 2021 12:47 pm

seb146 wrote:
hashtagconfused wrote:
casinterest wrote:


Trump's will be much more apparent, as he uses depreciation of real estate on his returns which makes up most of his wealth, at least until he established all these PAC's that seem to gain money from people willing to give away their money to a liar.


will that really show his net worth since depreciation is based on purchase price value of the structures and does not include the land. it also will not show any debts against those properties, value of bank/stock/etc accounts. additionally he could have some properties that have already been depreciated to zero and no longer be on the taxes


Wouldn't he have to show the value of stocks for tax purposes? Also, isn't depreciation calculated at a specific rate? Like over a certain span of years? Like he could not depreciate his Las Vegas property (for example) over a year but it would have to be over a number of years because of GAAP rules? My mind is a little fuzzy on the meat of accounting but it sounds like that would raise red flags.



Multiple years returns will give an idea on how all the depreciation is stacked and how his properties money flows. Net worth will be a Guestimate, because so much of Trump's value depends on what his properties are worth at any given time. In 6 years, we haven't seen these promised returns, and seeing me how the party of "transparency" gives a free pass to yet another lie is an example of the glaring hypocrisy of "Family values" crew.
Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did..So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.--Mark Twain

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