General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMaddow said something that caught my attention.
During her show the other day she said this, The very small amount of information about Trumps taxes, financial records that have been found, reported, they showed fraud, corruption, crimes.
Common sense tells us, when we get to see all of Trumps tax returns, financial records, they will be full of fraud, corruption, crimes. If this is true, then I will want this question answered.
Who at the IRS has been protecting Trump over the decades?
Eyeball_Kid
(7,434 posts)Trump MUST be paying someone in Treasury, and he's had to have been doing so well before his campaign began. He's a financial circus and a mess that can only be hidden by corruption.
soldierant
(6,934 posts)The IRS has been kept so understaffed (not to mention so bullied by Republicans for so long) that it can't even do its job the way it wants to, let alone the way we want it to.
This is only one aspect of the problem:
https://www.propublica.org/article/irs-sorry-but-its-just-easier-and-cheaper-to-audit-the-poor
Hoyt
(54,770 posts)those few lines and schedules in a tax return, that likely will show fraud, or at least questionable dealings.
trump's tax returns will likely show he's not worth anywhere near what he claims. So, I suppose that is sort of fraud.
Wounded Bear
(58,721 posts)We need to see all of his financials.
ALL. OF. THEM.
NewJeffCT
(56,829 posts)are likely hundreds of pages long - it's not just a few lines and schedules.
My tax return is just my wife's job and my job and a tiny part time job as a realtor and it's 30 pages long with the various schedules and investments and the HSA account, and that doesn't include supporting documentation.
Hoyt
(54,770 posts)at best. Without backup reams of financial data, it is worthless for detecting Fraud.
NewJeffCT
(56,829 posts)Money Laundering is often very hard to prove beyond a reasonable doubt as well.
Laura PourMeADrink
(42,770 posts)Item on his schedule L that says " due to Russia - payment for election interference".
Obviously Trump's an expert at hiding. IRS didn't nail him. To get a full picture it will take a full team of expert forensic accountants plus whistleblowers from the trump side and all financial documents.
PS IRS!!! How are those yearly audits going ?
BruceWane
(345 posts)From what I've seen, there are significant discrepancies when comparing asset valuations between Trump organization tax statements and loan applications - for example property A is stated to be worth $500K for property tax purposes, but then stated to be worth $1.5 million when being used as collateral for a loan. So either the tax declaration is false, or the loan application is false, and both actions are illegal.
lagomorph777
(30,613 posts)His net worth and income will be higher on the loan applications than on the tax returns. We already know some of that has been uncovered.
monmouth4
(9,710 posts)lapfog_1
(29,227 posts)documention (signed under penalty of perjury)...
They would show massive fraud and likely money laundering and/or tax evasion.
TommyCelt
(838 posts)..is what this trump dreads more than ANYTHING.
Farmer-Rick
(10,212 posts)Last edited Thu Feb 20, 2020, 11:34 AM - Edit history (1)
Of course his tax returns show fraud but eversince Raygun, the IRS has been directed to ignore fraud in the filthy rich. But if the poor dare to do the samething then all hell breaks lose.
My Grandfather who barely made $30,00 a year had been audited by the IRS for 5 years straight. Then my mother filed a harassment complaint...because what are they looking for on such a poor guy? They finally backed off. No joke. The IRS is used as a political bludgeon at times.
Hoyt
(54,770 posts)the transactions affecting the income and expenses reflected on the return.
If you have all that backup information, then you can tell whether they underreported income or overstated deductions. But, that would take a lot of auditing time.
uponit7771
(90,364 posts)... and there are ranges for incomes on tax returns that are flagged when out of range deductions or assessments are taken
Scotch-Irish
(464 posts)Quid pro quo seems to be trump's SOP.
Whiskeytide
(4,463 posts)... a line for amount laundered for Russian oligarchs on the returns.
They may show over or under valuation of assets, or sketchy claims for deductions, but there wont be any obvious fraud. Hes been audited long before he ran in 2015.
What they WILL show is that hes a third rate businessman whose net worth is an illusion. Hes not a billionaire. Hes probably not much of a millionaire. Hes a TV personality who is probably worth about as much as Bill OReilly.
The returns are simply embarrassing. And they would negatively impact his image. Its that simple.
joost5
(421 posts)in Panama, in NYC, in ... How is it that so many super rich people from Russia bought so many overpriced units in Trump Panama? We need to know how far this corruption goes, and if his brood is a part of it. Ivanka "grifter barbie" definitely is the face of it.
MartyTheGreek
(567 posts)going back to pre 2016, if I recall. Haven't seen much in the news about this as it seemed to fade away. Have you seen any news on this? Thanks!
joost5
(421 posts)I get it. It's a fire hose of corruption with Trump so it's hard to stay focused on just one thing.
yaesu
(8,020 posts)statements and that is the problem, getting those records.
Response to shockey80 (Original post)
LiberalArkie This message was self-deleted by its author.
aggiesal
(8,929 posts)I didn't know Pendejo45 could spell IRS.
gordianot
(15,245 posts)Laura PourMeADrink
(42,770 posts)dalton99a
(81,599 posts)Many financial experts already know he is
Botany
(70,589 posts)BTW Russian money was behind "The Apprentice" in order to sell the idea Trump was really rich and
smart to a % of dumb ass Americans.
dalton99a
(81,599 posts)and steal from his "charity"
Botany
(70,589 posts)n/t
MartyTheGreek
(567 posts)So how much could the IRS have? My thoughts are all off shore with all the other oligarchs.
Under The Radar
(3,404 posts)That was Reported by Laurence ODonnell then retracted due to not enough confirming sources.
[link:https://www.nytimes.com/2019/08/28/business/media/lawrence-odonnell-trump-claims.html|
Viz
(56 posts)are where the proof lies> who or which entity undersigned his loans.
Baked Potato
(7,733 posts)Trump will narc them all out.
no_hypocrisy
(46,207 posts)it would be indirectly and there'd be extrapolation/connect the dots action from the information garnered.
calimary
(81,514 posts)Javaman
(62,534 posts)that would "look the other way".
they are all corrupt.
I'll see if I can find the article, it was great.
On edit:
here it is...
Trump Engaged in Suspect Tax Schemes
as He Reaped Riches From His Father
https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html
doesn't appear to be behind a pay wall.
Maribelle
(4,783 posts)There was a book last year "Plaintiff in Chief: A Portrait of Donald Trump in 3,500 Lawsuits". In it the author writes of Trumps addiction to law suits both for him and against him.
Litigation can take one to two years. Then he will always appeal, taking up another two or more years. On and On. Then he might settle out of court after years of litigation.
https://www.newsweek.com/trump-sue-didnt-pay-lawyers-author-new-claims-1460828
So, on top of his numerous court cases, he is the biggest liar and cheat that ever held the office of president.
SWBTATTReg
(22,171 posts)he's been pulling over everyone's eyes. I noticed too, that there was a DU post stating that he's took almost two million dollars out of his campaign coffers to his personal accounts, a clear violation. Why isn't he being allowed off the hook for this too?
One thing I want to do when we throw this bum out of office, is to severely enhance the enforcement provisions of the laws against interference in elections, or dirty money, or money laundering, or buying votes, interfering clearly with voters' registrations thus causing fewer voters to vote, the whole mess of things republicans are known to do in order to try and retain their feeble hold on government. I also want to reduce the amount of money thrown into elections ($billions and $billions). I don't think that this is what our founders intended...I think that they knew of wealth and its sometimes negative impact on government, which is why they put emoluments within the Constitution and/or amendment(s?).
Midnight Writer
(21,803 posts)blakstoneranger
(333 posts)These are the kinds of questions that should be brought up in the media. Trump is being protect by quite a few sources including the mass media (all of them not just foxnews). What's done in the dark will come to light. In trump's case that day will be after he's dead, but his family, his children, his grandchildren....will have to suffer the consequences of their incompetent, IMPEACHED patriarch.
bucolic_frolic
(43,313 posts)Extremely wealthy people have a lot of contacts that look out for them, all the more so when corruption and financial irregularities are involved. So what I'm suspecting now that you mention it is that this is a question not only applicable to the IRS. He's had a lot of people looking the other way for various reasons, some not very related to him in particular, such as "it's good for the economy!"
Meowmee
(5,164 posts)I have been asking that question for a long time, who is being paid off to keep him out of jail
all these years.
rickyhall
(4,889 posts)Joinfortmill
(14,467 posts)BigmanPigman
(51,636 posts)Now they are something that a really successful person must do to improve his life which is an all-American value. At least that is what the fucking moron, Barf and Moscow Mitch are trying to brainwash the public with. All of these pardons and the fall of the DOJ is part of this cabal's "banana republic" plan all along.
kwijybo
(237 posts)Got a job there the same day Daddy did.