Son of the Revolution
Banned
till their lie comes out
Trump Org, CFO indicted by New York grand jury: reports
- Thread starter Jack
- Start date
till their lie comes out
You either know nothing of the relationship between DJT and his dad or else you are a liar.
PoliTalker
Diversity Makes Greatness
PoliTalker
Diversity Makes Greatness
Hello Althea,
I bet the federal govt is first in line to get paid / take ownership of any and all assets.
I bet the federal govt is first in line to get paid / take ownership of any and all assets.
Althea
Althea told me...
That will depend on a few things. If the IRS jumps into the tax fraud issues, then they might put a lien on his assets. He's only looking at $1 or $2 million in taxes/penalties from what I see right now. He could pay that out of pocket.
The banks are probably first in line if he defaults.
This goes to show again something that I have been saying for almost two years now...Trump runs a lot cleaner than almost everyone said he does....he is the opposite of corrupt....he performs better and more honest than almost everyone else. Almost no one who has done as much as he has for as long as he has could withstand the fill force of the government crawling up his ass and dissecting his life in the attempt to nail him with them coming away with nothing to hang him with.
BidenPresident
Verified User
Trump is like Jesus. The only innocent person showing up others as corrupt. Son of God.
I suggest you read the indictment. It is pretty damning of illegal practices conducted by the Trump company. Ongoing for over 16 years. It's kind of hard to claim you run the company but are completely oblivious of fraud happening in your company perpetrated by one person. Especially when you claim to be the best businessman ever.
Trump is going to claim, "I never noticed that Trump Companies for 16 years was paying the rent for my accountant and the leases for two cars."?
"Criminal indictments have been filed against the Trump Organization and its chief financial officer, Allen Weisselberg, by a grand jury in Manhattan on Wednesday, sources familiar with the case told multiple news organizations late Wednesday."
https://thehill.com/policy/finance/561051-trump-org-cfo-indicted-by-new-york-grand-jury-reports
SIXTH THREAD OF ORGASMIC LEFT DROOLING OVER A CLERICAL ERROR REGARDING PERKS.....TRUMPNOT EVEN INVOLVED...
The taxes are actually owed by the employees since they received the income. The Trump company enabled the fraud by filing false paperwork.
The employees could sue Trump to demand he pay their back taxes since the company gave them the wrong paperwork.
I expect that what Trump will say is that this is political persecution, that the crimes are made up because what the Trump Org does is what most everyone does.
Selective enforcement to nail political enemies is the opposite of justice.
This is a huge problem for Conservatives: America is such malfunctioning disaster now that staying the course is clearly a death wish.
Another huge problem is how useless Conservatives and conservatism have been for many decades.
Just look at where we are.
Buckle Up.
Another huge problem is how useless Conservatives and conservatism have been for many decades.
Just look at where we are.
Buckle Up.
It's quite clearly a crime to hide employee compensation and any CPA would know that. Most companies do not do this because of the fact that it is a crime.
Not being a CPA I will have to wait some days to get to the bottom, but you know what I expect to see.
If anyone gets charged for anything that they likely would have be charged with had the act not been associated with the name Trump then I will be wrong.
Althea
Althea told me...
Agree. I'm thinking Weisselberg makes more than $120k/year on the books, so there wouldn't be any FICA avoidance by trump for the free stuff in lieu of salary ploy.
But this is the first inning. There is documented evidence that there were two sets of books. When trump under appraised his properties for tax purposes, there may or may not be Fed. tax issues. He writes off millions in depreciation every year. We're going to find out how accurate he was with that.
I do know that N.Y named the Fed. govt. as one of the victims of trumpco's fraud.
All of which makes it more likely that the banks will have first dibs if trump defaults.
Agreed on government, but thought it was only the State of New York. Either way, yes, they'll get paid.
FICA is not just on the first $120K. The Medicare portion has no ceiling but is paid on every dollar paid in wages. Weisselberg received income as benefits and didn't pay income tax on those benefits.
Depreciation is written off based on the price paid. Unless there was other fraud going on, the current indictment has nothing to do with depreciation being wrongly claimed.
In most cases of tax fraud the government gets first dibs. Banks will only have access to the property used to secure the loans. By creating so many companies Trump is restricting the assets a bank can go after to the particular company that got the loan unless Trump personally guaranteed the loan.
Yes I know it's income, but I'm not sure they can garnish his pension unless Congress makes the decision to take his pension away if he's charged with inciting the Insurrection.
