Nike Jordan
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- Jun 27, 2002
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He is being audited
They put so little effort into this plan.
No, it means an investigation is ongoing.Being audited makes it illegal?
Running to the defense of rich white men who are paying less in taxes than the millions of Black people you claim to care about.Trump do anything illegal re: taxes?
or nah...?
I cannot believe that real life has devolved to this. His son just posted a video faded. He looks addy’d up most of the time. And he’s going after Joe?!?!
This has got to be a first for politics, right?
He a broke boy. The trash suits, bad ties and terrible appearance told it all.
The Art of the DelkRunning to the defense of rich white men who are paying less in taxes than the millions of Black people you claim to care about.
How did the tax info finally get out? Someone leak it or what?
"In 2012, he took out a $100 million mortgage on the commercial space in Trump Tower. He took nearly the entire amount as a payout ... His company has paid more than $15 million in interest on the loan, but nothing on the principal. The full $100 million comes due in 2022."
Word is the NYT wouldn't let other people see what they have because they want to protect their source.I mean it’s hard to hack data like this. For high profile individuals only a handful of people have access to even look at that data and they sign a NDA. And everything has multiple levels of PWs.
The tax records reveal another way Seven Springs has generated substantial tax savings. In 2014, Mr. Trump classified the estate as an investment property, as distinct from a personal residence. Since then, he has written off $2.2 million in property taxes as a business expense — even as his 2017 tax law allowed individuals to write off only $10,000 in property taxes a year.
Courts have held that to treat residences as businesses for tax purposes, owners must show that they have “an actual and honest objective of making a profit,” typically by making substantial efforts to rent the property and eventually generating income.
Whether or not Seven Springs fits those criteria, the Trumps have described the property somewhat differently.
In 2014, Eric Trump told Forbes that “this is really our compound.” Growing up, he and his brother Donald Jr. spent many summers there, riding all-terrain vehicles and fishing on a nearby lake. At one point, the brothers took up residence in a carriage house on the property. “It was home base for us for a long, long time,” Eric told Forbes.
And the Trump Organization website still describes Seven Springs as a “retreat for the Trump family.”
Mr. Garten, the Trump Organization lawyer, did not respond to a question about the Seven Springs write-off.
The Seven Springs conservation-easement deduction is one of four that Mr. Trump has claimed over the years. While his use of these deductions is widely known, his tax records show that they represent the lion’s share of his charitable giving — about $119.3 million of roughly $130 million in personal and corporate charitable contributions reported to the I.R.S.
for me, the funniest part of this whole circus is that it´s effectively the same as a minimum-wager taking out payday loans and selling bone marrow to put lifts on their F-150 King Ranch and buy Red Bottoms for the lady.
remember, it´s only bad to live outside your means using government assistance if you are poor.
dwalk31 since this story confirms part of Cohen's comments on Trump's financials, does it make you more inclined to believe Cohen's comments about Trump using racial slurs and saying racist comments?