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re: Would someone please explain the crimes Trump committed?
Posted on 4/27/24 at 3:09 pm to SlowFlowPro
Posted on 4/27/24 at 3:09 pm to SlowFlowPro
quote:Where is the fraud? Okay, so the payment was creative, but if there was a crime it was the blackmail by Stormy. Is the peg that NY State AG hangs its hat on that he converted a personal expense (blackmail) to a tax deductible expense? If so, aren't both tax deductible as a blackmail payment is considered a loss.
No. It's fraud-based.
quote:Forbes
The taking of money or property through fraud or misrepresentation is theft if it is illegal under state or local law. For businesses, paying ransom or blackmail is likely to fall into the wide category of business expenses. In fact, many taxpayers try to find a business connection to virtually any legal mess. Most legal settlements in business are tax deductible, even ones that are unusual, such as Charlie Sheen’s $10 million blackmail. Even that could be deductible.
Seems like it's all about the Dems getting even that they couldn't use the blackmail payment to cost Trump the election
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