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‘Nuff Said...

sundealer

Founder
psst....his business taxes have always been available for the public to review. That's how investors know whether or not to invest in a particular company.
Also because there are outside investors, they are part of the companies portfolio.
 

KathyInAR

Founder
Staff member
psst....his business taxes have always been available for the public to review. That's how investors know whether or not to invest in a particular company. (Please provide link if so.)
Also because there are outside investors, they are part of the companies portfolio.
Show your work,,,,your source of that info...trump organization is a privately held business and is not publicly traded. You could not buy stock in trump organization. This is going to be much harder to defend.

When a person separates their business from their personal...they must claim as compensation, any benefit, goods or services received from "the company" on their personal income tax form if they don't pay "fair market value" for said benefit, goods or services from personal funds. E.g., if he doesn't pay "fair market value" for his suites/apartment/or whatever part of Mar-a-Lago that is his families private living quarters then it is "compensation in kind" and must be claimed as "income" to him. Anything and everything that he benefits from of a personal nature is income to him and legally must be reported as such on his personal income return. If the trump organization pays the utilities and real estate taxes and utilities on the 3-floor pent house in trump tower, it is income to him. His private plane belongs to trump organization (that is why the campaign had to pay for its use during the campaign...thus, any personal use he used the plane for should have been considered income to him and on and on and on ad infinitum... I suspect he has decades and decades of income tax fraud...Federal, state, city...

And if he didn't show the "losses" he claimed when applying for loans that he claimed on income tax returns (and he would never get the loans) if that is the case, that is BANK FRAUD, A FEDERAL OFFENSE (and the fact that he has hundreds of millions of dollars of loans with Deutsche Bank, a German bank, doesn't shield him from U.S. Federal Laws as they are licensed to do business in the U.S. and thus must follow the same laws and they are a publicly held bank trading on Wall Street. I suspect there is enough crime here to send him to prison for the rest of his natural life.

Maybe this is the "shooting on 5th Avenue" that he is counting on to be able to get away with without losing a vote...and, I suspect that there are plenty of the cult and other supporters that will fall right in line and prove him right.


 

KathyInAR

Founder
Staff member
trump's illegal dealings with the business (deductible) vs personal expenses (not deductible) are so obviously fraught with tax fraud that even I could write up the charging documents...if there was any justice, the prison systems (Federal/State) would have to build a whole "trump wing" to house all the trumps involved in this corruptions/fraud illegalities.



...
Business expenses and personal benefits

Mr. Trump classifies much of the spending on his personal lifestyle as the cost of business.
His residences are part of the family business, as are the golf courses where he spends so much time. He has classified the cost of his aircraft, used to shuttle him among his homes, as a business expense as well. Haircuts — including more than $70,000 to style his hair during “The Apprentice” — have fallen into the same category. So did almost $100,000 paid to a favorite hair and makeup artist of Ivanka Trump.

All of this helps to reduce Mr. Trump’s tax bill further, because companies can write off business expenses.

Seven Springs, his estate in Westchester County, N.Y., typifies his aggressive definition of business expenses.
Mr. Trump bought the estate, which stretches over more than 200 acres in Bedford, N.Y., in 1996. His sons Eric and Donald Jr. spent summers living there when they were younger. “This is really our compound,” Eric told Forbes in 2014. “Today,” the Trump Organization website continues to report, “Seven Springs is used as a retreat for the Trump family.”

Nonetheless, the elder Mr. Trump has classified the estate as an investment property, distinct from a personal residence. As a result, he has been able to write off $2.2 million in property taxes since 2014 — even as his 2017 tax law has limited individuals to writing off only $10,000 in property taxes a year.
The ‘consulting fees’

Across nearly all of his projects, Mr. Trump’s companies set aside about 20 percent of income for unexplained ‘consulting fees.’

These fees reduce taxes, because companies are able to write them off as a business expense, lowering the amount of final profit subject to tax.
Mr. Trump collected $5 million on a hotel deal in Azerbaijan, for example, and reported $1.1 million in consulting fees. In Dubai, there was a $630,000 fee on $3 million in income. Since 2010, Mr. Trump has written off some $26 million in such fees.

His daughter appears to have received some of these consulting fees, despite having been a top Trump Organization executive.

The Times investigation discovered a striking match: Mr. Trump’s private records show that his company once paid $747,622 in fees to an unnamed consultant for hotel projects in Hawaii and Vancouver, British Columbia. Ivanka Trump’s public disclosure forms — which she filed when joining the White House staff in 2017 — show that she had received an identical amount through a consulting company she co-owned.

Money-losing businesses

Many of the highest-profile Trump businesses lose large amounts of money.

Since 2000, he has reported losing more than $315 million at the golf courses that he often describes as the heart of his empire. Much of this has been at Trump National Doral, a resort near Miami that he bought in 2012. And his Washington hotel, opened in 2016, has lost more than $55 million.

An exception: Trump Tower in New York, which reliably earns him more than $20 million in profits a year.

The most successful part of the Trump business has been his personal brand.

The Times calculates that between 2004 and 2018, Mr. Trump made a combined $427.4 million from selling his image — an image of unapologetic wealth through shrewd business management. The marketing of this image has been a huge success, even if the underlying management of many of the operating Trump companies has not been.

Other firms, especially in real estate, have paid for the right to use the Trump name. The brand made possible the “The Apprentice” — and the show then took the image to another level.

Of course, Mr. Trump’s brand also made possible his election as the first United States president with no prior government experience.

But his unprofitable companies still served a financial purpose: reducing his tax bill.

The Trump Organization — a collection of more than 500 entities, virtually all of them wholly owned by Mr. Trump — has used the losses to offset the rich profits from the licensing of the Trump brand and other profitable pieces of its business.

The reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes. This pattern is an old one for Mr. Trump. The collapse of major parts of his business in the early 1990s generated huge losses that he used to reduce his taxes for years afterward.

Large bills looming

With the cash from ‘The Apprentice,’ Mr. Trump went on his biggest buying spree since the 1980s.

“The Apprentice,” which debuted on NBC in 2004, was a huge hit. Mr. Trump received 50 percent of its profits, and he went on to buy more than 10 golf courses and multiple other properties. The losses at these properties reduced his tax bill.

But the strategy ran into trouble as the money from “The Apprentice” began to decline. By 2015, his financial condition was worsening.

His 2016 presidential campaign may have been partly an attempt to resuscitate his brand.

The financial records do not answer this question definitively. But the timing is consistent: Mr. Trump announced a campaign that seemed a long shot to win, but was almost certain to bring him newfound attention, at the same time that his businesses were in need of a new approach.

The presidency has helped his business.

Since he became a leading presidential candidate, he has received large amounts of money from lobbyists, politicians and foreign officials who pay to stay at his properties or join his clubs. The Times investigation puts precise numbers on this spending for the first time.

A surge of new members at the Mar-a-Lago club in Florida gave him an additional $5 million a year from the business since 2015. The Billy Graham Evangelistic Association paid at least $397,602 in 2017 to the Washington hotel, where it held at least one event during its World Summit in Defense of Persecuted Christians.

In his first two years in the White House, Mr. Trump received millions of dollars from projects in foreign countries, including $3 million from the Philippines, $2.3 million from India and $1 million from Turkey.

But the presidency has not resolved his core financial problem: Many of his businesses continue to lose money.

With “The Apprentice” revenue declining, Mr. Trump has absorbed the losses partly through one-time financial moves that may not be available to him again.

In 2012, he took out a $100 million mortgage on the commercial space in Trump Tower. He has also sold hundreds of millions worth of stock and bonds. But his financial records indicate that he may have as little as $873,000 left to sell.
...
 

KathyInAR

Founder
Staff member
More Drudge Report headlines...

drudgereport.png


A vote for trump is a vote and support for continued illegal and corrupt behavior by the trump crime family at the expense of the United States. Talk about disrespecting the Flag, the National Anthem, the military and veterans, and every American citizen... No person who votes for him now, (ignorance is no longer a valid excuse), will lose all credibility to complain about any other illegal, corrupts or disrespectful behavior by anyone else, IMO.
 

KathyInAR

Founder
Staff member
trump couldn't pass the background/security clearances to work as a janitor in a Federal Building...

 

KathyInAR

Founder
Staff member

trumpnopaytax.png


Yup, this asshole and all those very low income and lower income people in our country that he complains about.

Can you say, "trump is a disgusting hypocrite"?


Here is the graph shown in its entirety:

halfdonotpaytax.jpg



Lying POS!!!

 

KathyInAR

Founder
Staff member
Business tax returns are not public in the United States. Neither the IRS or your tax preparer can release any information from your taxes to third parties without your consent. This applies to both personal and business taxes as some business owners, such as sole proprietors, report their earnings on their personal income taxes.

https://www.freshbooks.com/hub/taxes/are-business-tax-returns-public
The trump organization is an “incorporated“ business rather than a sole proprietorship; therefore, “expenses“ paid by the business must be a bonafide “expense” of the business not “living expenses” of the owner. The utilities, maid services, and purchasing hanging wall art for the private residence of the owner is not a lawful business expense and deductible by the business. Providing and paying for the expenses of the living quarters for the owners at Mar-a-Lago is not a bonafide expense and deduction of the business and if the owner does not pay “fair market value” for it, it becomes taxable compensation.

When owners “incorporate” a business it becomes it own tax liability entity and also protects the owner from personal liability for the debts of the company. They are not “mixed together—the business pays the owners a salary and issues a W-2 to the owner the same as it does for the bookkeeper, the janitor and any other employee. That is how a business can go bankrupt and the owner able to retain their wealth and continue living their lavish lifestyles while those who are due payment from the business are left holding the bag, an empty bag. It is illegal for the owner to have the business provide personal expenses, deduct them as business expenses and not show it as “compensation“ and taxable income to the owners.
 
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KathyInAR

Founder
Staff member
How decent and people with integrity live...

(I stole this; but, I think it is worth repeating...)

G&S.jpg
G&S2.jpg


It is common knowledge in DC that the late Supreme Court Justice Antonin Scalia and the now-late Justice Ruth Bader Ginsburg were close personal friends. They shared a love of opera, went souvenir shopping together when they traveled, and rode an elephant in India with Scalia up front. Their families spent New Year's Eve together, and when Chief Justice Roberts announced the death of Ginsburg's husband, Marty, Scalia wept on the bench. When Scalia died in 2016, Ginsburg said, "we were best buddies."

They never spoke politics or ideology to one another because as one seasoned observer said, "there would be no point." Scalia himself would say, "if you can't disagree ardently with your colleagues about some issues of law and yet personally still be friends, get another job. for Pete's sake."

On her part, Ginsburg said of Scalia, "as annoyed as you might be about his zinging dissent, he's so utterly charming, so amusing, so sometimes outrageous, you can't help but say, "I'm glad he is my friend." She said she sometimes had to pinch herself to not laugh when he would say something audacious in the courtroom.

In an era when we are being purposefully divided over political and social differences, and friendships and families are being ripped apart in the process, Scalia and Ginsburg were The Odd Couple. They held the deepest respect for each other and kept their disagreements intellectual, not transactional. (Little known fact, it was Scalia that begged Obama to appoint Ellen Kagan to the Court. He wanted her there so he would have someone to argue with in an intelligent manner.)

When he learned of Ginsburg's passing, Scalia's son, Christopher, shared the following story from Judge Jeffrey Sutton about an encounter late in his father's life.

"During one of my last visit with Justice Scalia, I saw striking evidence of the Scalia-Ginsburg relationship. As I got up to leave his chambers, he pointed to two dozen roses on his table and noted that he needed to take them down to 'Ruth' for her birthday.

"Wow," I said, "I doubt I have given a total of twenty-four roses to my wife in almost thirty years of marriage." "You ought to try it sometime," Scalia retorted.

Unwilling to let him have the last word, I pushed back: "So what good have all those roses done for you? Name one five-four case of any significance when you have got Justice Ginsburg's vote."

Scalia replied, "some things are more important than votes."

This is what we have lost: two earnest and caring people who could place all differences aside for the sake of friendship and an abiding love for each other.

I say to everyone, be a Nino; be a Ruth. Remember what is good in every person you know even when you have to work a little harder to find it or need to let go of anger or hard feelings. God did not put us here in pre-formed harmony, He put us here with differences so we could find it on our own.

Finally, if you are being unduly influenced by anyone who through their speech and actions encourages you to hate or disregard others because they may be or believe something different from you, tune them out and turn them off. They simply do not have your best interest at heart, and are in the business of keeping you riled up for the sake of their own self-interest and profit.

Again, be a Ruth; be a Nino. Be kind to one another. Choose love over votes. It truly is 'bigger than anything in its way," especially politics.
 

KathyInAR

Founder
Staff member

Are they going to issue a bullwhip to the moderators? Or lock each candidate in his own sound-proof booth and only turn on the sound when answering the question asked or when the candidate is responding during his allotted time; and, turn off all sound coming from the booth when the other guy is speaking?
 

sundealer

Founder
How about allowing the other candidates running to participate?
We know there is a third party. Let's hear how her ideas match up.
 

KathyInAR

Founder
Staff member
Right-wing conservative operatives arrested in Michigan for voter suppression...yup, there will be people trying to steal the election, committing voter/voting fraud...and when it is all said and done, it is more likely than not, that most of it will be coming from the right...just like it usually is.


 

KathyInAR

Founder
Staff member
Have you even seen anyone so scared of the truth? It is like he thinks that he would totally melt into a puddle if the truth is known about him.

Doctors already practice "doctor-patient confidentiality," it is insulting to ask them to sign a DNA; never mind that HIPAA applies as well...and BTW, "doctor-patient confidentiality" and the Constitutional Right to privacy was the grounds on which Row v Wade was decided.

 

KathyInAR

Founder
Staff member
Don't be deceived; vote for at least a modicum of integrity and decency.





Glen Schleuter

·
9h ago
Lives in The United States of America (1964–present)


What was the crowd size at Trump's White House COVID rally?

Now if your aren’t familiar with staged political events, see all those freshly printed blue shirts on people of color?

There were passenger vans driving through the poorer parts of the greater DC area offering $100.00, a mask, a red MAGA hat, a turquois blue shirt and DC metro tokens home for the crowd you see above - more than like a healthy cross section of the Baltimore homeless population.
That rally is as fake as this guys run for the White House -
 

KathyInAR

Founder
Staff member
Isn't it odd how every time, Every. Damn. Time. the Republicans accuse the Democrats of something, they are caught doing that very same thing?

 

sundealer

Founder
And yet...


...he goes along to get along. Actions speak louder than words.

Biden then said, “You may remember, I got in trouble when we were running against the senator, who was a Mormon, he was a governor, OK? And I took him on, and nobody’s faith should be questioned.”
 

KathyInAR

Founder
Staff member
This frigging deplorable piece of horse doodoo...this is an insult to all the military and others who risked their lives for this mission...IMO, continued support for this disgusting little man shows a hell of a lot more disrespect for the military than an athlete “taking a knee” in protest of injustices.

 

KathyInAR

Founder
Staff member
And again, the trump comedy hour...

JimWright2.jpgJim Wright

1h
·
Trump is on Fox Business News right now telling Stuart Varney that he's now suddenly in favor of a BIGGER stimulus bill (after trashing Nancy Pelosi for demanding exactly that. Also he says he won't talk to Pelosi about it because "she has a lot of mental problems) and...

AND

AND

wait for it

waaaaaait for it

AND China is going to pay for it.

That's right, China is going to pay for it.

I'm expecting we'll momentarily hear about some Chinese caravans headed our way...



Would/will trump sign a stimulus bill that doesn't include $$$ to purchase property down the street from his hotel that he insist the Federal Government purchase so that a competing hotel can't put a hotel on it and be competition to his hotel. I mean really??? Isn't this the least that the American people ought to do for this train wreck of a POTUS*......NOT!

*
Don't forget, this is what "POTUS" means...
POTUS.jpg
 

KathyInAR

Founder
Staff member
I hope that if Biden wins, that he will find a place in his administration/cabinet for John Kasich. I've always like him and think he would be an asset.


 

KathyInAR

Founder
Staff member
Former White House chief of staff tells friends that Trump 'is the most flawed person' he's ever met
https://www.cnn.com/profiles/jake-tapper-profile
By Jake Tapper, Anchor and Chief Washington Correspondent

Updated 5:32 PM ET, Fri October 16, 2020




 

sundealer

Founder
There are states the have used UNIVERSAL MAIL IN VOTING for years. This system was vote into place by the voters. This is NOT what Trump is talking about.
All states offer ABSENTEE VOTING for those not able to make it to the polls. This type of ballot must be REQUESTED by the voter. This is NOT what Trump is talking about.
What he is talking about is the states that have decided to change their systems UNIVERSAL VOTING without voters say.
The terms mail in and absentee are not interchangeable, but the media has made it that way.
 

KathyInAR

Founder
Staff member
Yes CA is one of the states with UNIVERSAL VOTING.

Group Claims Nearly 400,000 California Ballots Sent To People Who Moved Out Of State Or Died
https://losangeles.cbslocal.com/2020/10/15/nearly-400000-california-ballots-sent-to-people-who-moved-out-of-state-or-died/?fbclid=IwAR1B-uNUVlEn5QhS1wy2fnAAe6lNsPfcZRkexFUppxaGoddApxDB7shrUZg
This isn't necessarily the dour circumstances as it sounds like...while I can't speak to the requirements of every state...I believe that most of them require something more than just a returned ballot for votes to be counted. I voted by mail here in Arkansas and the requirements to receive the ballot and then to submit it requires one to jump through a few hoops. While not particularly complicated it does have several moving parts...

First in order to get the ballot, one must prepare the application to and state the reason for needing to vote absentee (e.g., health reasons, living away from the state for military reasons, temporarily out of the state for other reasons, etc.) and the request requires a copy of a current and valid government-issued ID (drivers license, military ID, passport, etc) and proof of a permanent address within the voting jurisdiction such as a recent utility bill, banking statement, etc.. A request for absentee ballots are for either a single election period; or, under some conditions such as chronic health issues, military service, etc. a request can be made to receive absentee ballots for all elections for a period not to exceed one year and must be requested/renewed yearly. No one who requested absentee ballots 5 years ago would continue to get them after a year unless the request is renewed yearly.

The ballot arrives with a "Voter Statement" that must be completed and returned with the ballot or it will not be accepted and will not be counted. The Voter Statement is signed by the voter and personal information is provided such as the date of birth, the current address and requires a scanned copy of a current non-expired government-issued photo ID and a proof of address in the form of copy of a current utility bill, bank statement, government check, paycheck or other government document that shows one's name and address.

If these items are not included in the envelope with the ballot in it's own envelope which insures the voter "secret ballot" right it will not be accept and counted.

Therefore, if such a ballot ends up in the hands of someone other than the one addressed, the likelihood of them having the information and documentation required to return such a ballot are not good.
 

KathyInAR

Founder
Staff member
Please let’s go back to where sanity in the norm...


While the creator of this video employed some editing and poetic licensing, the contrast Is spot on!
 

sundealer

Founder
This isn't necessarily the dour circumstances as it sounds like...while I can't speak to the requirements of every state...I believe that most of them require something more than just a returned ballot for votes to be counted. I voted by mail here in Arkansas and the requirements to receive the ballot and then to submit it requires one to jump through a few hoops. While not particularly complicated it does have several moving parts...

First in order to get the ballot, one must prepare the application to and state the reason for needing to vote absentee (e.g., health reasons, living away from the state for military reasons, temporarily out of the state for other reasons, etc.) and the request requires a copy of a current and valid government-issued ID (drivers license, military ID, passport, etc) and proof of a permanent address within the voting jurisdiction such as a recent utility bill, banking statement, etc.. A request for absentee ballots are for either a single election period; or, under some conditions such as chronic health issues, military service, etc. a request can be made to receive absentee ballots for all elections for a period not to exceed one year and must be requested/renewed yearly. No one who requested absentee ballots 5 years ago would continue to get them after a year unless the request is renewed yearly.

The ballot arrives with a "Voter Statement" that must be completed and returned with the ballot or it will not be accepted and will not be counted. The Voter Statement is signed by the voter and personal information is provided such as the date of birth, the current address and requires a scanned copy of a current non-expired government-issued photo ID and a proof of address in the form of copy of a current utility bill, bank statement, government check, paycheck or other government document that shows one's name and address.

If these items are not included in the envelope with the ballot in it's own envelope which insures the voter "secret ballot" right it will not be accept and counted.

Therefore, if such a ballot ends up in the hands of someone other than the one addressed, the likelihood of them having the information and documentation required to return such a ballot are not good.
Yes the ballot had to be requested unlike having them just being sent to every address or name in the state.
 

KathyInAR

Founder
Staff member
Yes the ballot had to be requested unlike having them just being sent to every address or name in the state.
I agree; wonder what the requirement is for if it is returned....notarized, witnessed, providing copies of documents proving who they are, etc?

Found this:


...
CA vote.jpg

...
 
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