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re: Manhattan DA charges Trump's company, CFO with tax fraud

Posted on 7/2/21 at 11:43 am to
Posted by Nurbis
Member since May 2020
1344 posts
Posted on 7/2/21 at 11:43 am to
quote:

There seems to be a pretty clear paper trail here. He'll get his day in court like anyone else. Not sure why they'd be any block back for some rich tax cheat paying a big fine or doing a short bid, but if there is, so what?


The guy's net worth is a billion dollars. If you think he organized some scheme to try and avoid paying 1.76 million over 15 years, you are a dumbass. That amount of money is nothing to him. That would be like a person with $200,000 trying to get out of paying $350 in taxes. What would be the point?

This is a political witch hunt to go after whoever they can get associated with Trump. And after digging through everything for the past few years, this is the only thing close to a crime they could come up with. Now they are hoping he will give something up on Trump to get out of trouble.

Just because the guy is rich doesn't mean he deserves to be a victim to political corruption.
Posted by Jorts R Us
Member since Aug 2013
14860 posts
Posted on 7/2/21 at 11:48 am to
quote:

didnt think i had to spell it out for you.


You haven't spelled out shite. The only thing quoting that passage demonstrates is that you're clueless.

Why do you think they made it a point to say there were treated as comp INTERNALLY? In other words, not labeled and reported as employee comp (and therefore taxable to the employee) in EXTERNAL reporting. That's the whole fricking idea of taxation of fringe benefits--the company can't just take the deduction and not report the income as taxable to the employee.


And the part that you quoted that was me isn't speaking to the legality of fringe benefits, ya dolt.

quote:

You seem to be the one with a problem with me saying fringe benefits are legal.


More like laughing at you because you are too stupid to understand the issue. Not once has anyone here made an issue over the legality of fringe benefits.
This post was edited on 7/2/21 at 12:00 pm
Posted by Flats
Member since Jul 2019
21913 posts
Posted on 7/2/21 at 1:53 pm to
quote:

This is a political witch hunt


He knows that, he just doesn’t think it’s a big deal.
Posted by David_DJS
Member since Aug 2005
18025 posts
Posted on 7/2/21 at 2:10 pm to
quote:

How many thousands of men are in jails right now because they lived in stop and frisk neighborhoods and got caught with a dime bag?

Tell us. How many guys are in jails right now because, and only because, they lived in stop and frisk neighborhoods and got caught with a dime bag?

Tell us, longway.

quote:

It's just interesting to see people get that "This is railroading" energy when it's a rich dude connected to their political heroes.

And of course you know that's not the issue for the vast majority of us. We don't care about this guy, and if he cheated he deserves the back taxes and fine he'll pay.
It's the politics here that we oppose, and apparently you're okay with. So two things:

1. Why are you okay with the politicization of the legal system?

2. Why are you okay with the very obvious, very distinct justice systems - one for liberals and the other for conservatives. For a person concerned about the guy that has no criminal history until he was caught with a dimebag in a stop/frisk neighborhood because of disparate law enforcement in the past, it's pretty odd that you cheer on law enforcement/DOJ as they treat citizens differently today, depending on their politics.

And I'll add this: I'll give you the benefit of the doubt and won't assume an answer to this question, but tell me - do you give Trump great credit for remedying some of the outcomes of disparate law enforcement, the product of legislation championed by Joe Biden? Do you hold that racist bullshite against Biden?
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73479 posts
Posted on 7/2/21 at 2:13 pm to
So DAs are aggressively pursuing those actors like an investigation into a political opponent. Is that your take?
Posted by longwayfromLA
NYC
Member since Nov 2007
3331 posts
Posted on 7/2/21 at 5:53 pm to
quote:

So DAs are aggressively pursuing those actors like an investigation into a political opponent. Is that your take?



I already wrote my take - A dime bag arrest in a stop and frisk neighborhood is a political witch hunt too. You just don't care because you don't care about the people who get caught up in that kind of thing.
Posted by jimmy the leg
Member since Aug 2007
34435 posts
Posted on 7/2/21 at 6:03 pm to
quote:

This is a political witch hunt


quote:


He knows that, he just doesn’t think it’s a big deal.



LooneyfromLA is a commie ball licker who thought that Martin Luther King Jr. should have been a radical.



He has no issue with the government going after their political opposition...as long as the government is led by leftists. Anything else he posts is done simply to deflect from how left his views actually are. frick him.
Posted by longwayfromLA
NYC
Member since Nov 2007
3331 posts
Posted on 7/2/21 at 7:07 pm to
quote:

Tell us. How many guys are in jails right now because, and only because, they lived in stop and frisk neighborhoods and got caught with a dime bag?


Thousands.


quote:

1. Why are you okay with the politicization of the legal system?


You're not following. Justice in this country has always been political. After all, it is a political decision that we underfund tax enforcement for rich tax cheats so much that he was able to run this scam for so long. So why were you ok with it until yesterday?

quote:

2. Why are you okay with the very obvious, very distinct justice systems - one for liberals and the other for conservatives. For a person concerned about the guy that has no criminal history until he was caught with a dimebag in a stop/frisk neighborhood because of disparate law enforcement in the past, it's pretty odd that you cheer on law enforcement/DOJ as they treat citizens differently today, depending on their politics.


Cheering? Now you're just making shite up. Re-read what I have written on this thread. I haven't come close to cheering anything. I noted that he committed garden variety income underreporting and underpayment and will probably pay a big fine or do a small bid. No big deal. I feel precisely the same way about this dude as I did about the NBA refs who went down for something similar and as I did when crooked Democrats commit crimes. I have said it is fascinating to see all of you guys in tears over some rich tax cheat all because he touched the hem of Trump's garment. Surely if the CFO of the Clinton foundation was paying himself off book, y'all would be equally forgiving...
Posted by David_DJS
Member since Aug 2005
18025 posts
Posted on 7/2/21 at 7:10 pm to
quote:

He has no issue with the government going after their political opposition...as long as the government is led by leftists. Anything else he posts is done simply to deflect from how left his views actually are

But you have to respect his concern for all those guys with otherwise sterling records that are in prison because they were caught with a dimebag.

Longway, you didn't answer - how many of those guys are there?
Posted by the808bass
The Lou
Member since Oct 2012
111617 posts
Posted on 7/2/21 at 7:16 pm to
I’ll answer. Less than 5% of state inmates and less than 1% of federal inmates are in jail solely for drug possession charges.
Posted by imjustafatkid
Alabama
Member since Dec 2011
50773 posts
Posted on 7/2/21 at 10:49 pm to
quote:

Thousands


No chance this is true.
Posted by Flats
Member since Jul 2019
21913 posts
Posted on 7/2/21 at 11:11 pm to
quote:

I’ll answer. Less than 5% of state inmates and less than 1% of federal inmates are in jail solely for drug possession charges.


Facts have no place here. It's ok if the judicial system is being used as a political cudgel because black people, systemic racism, injustice, insert catchphrase here.

Racists suck.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27733 posts
Posted on 7/3/21 at 6:18 am to
The only thing I cannot see Weisselberg and his lawyers explaining away is the tuition thing for his grandchildren but that is maybe a liability of 360,000.00. If the Trump Org reported that they are in the clear and Weisselberg pays up with a new tax bill with a penalty. The other stuff is pure harassment and selective prosecution against an unpopular person. Companies foot the bill for car leases all the time as a perk for key employees and in reality reporting that is extraordinarily rare for the individual as is the corporate apartment and it gets into a gray area inside of the tax code. The other stuff is all about the Keough contributions. If that money went in to a self funded retirement plan, what's the big deal? New York and the Feds just wait and gets it on the back end...of course New York wants to get you coming and going. They want tax the money on the front as regular income, then you place it in a Keough where it grows tax deferred and then New York wants an additional bite at the apple.

I can tell you that the feds would not care about the apartment. If the actual owner is the Trump Org , it is entitled to use it as it sees fit so long as nothing felonious is going on. If it is a long term crash pad for Weisselberg and his wife, so what? NYC wants to prove Weisselberg actually lived there instead of Long Island just to force payment in a punitive sense.

If I were his lawyers and Mazar the accounting firm, I would tell Vance, Game On!!! Let's take this to court. They don't really want to because it's a loser.
Posted by SpotCheckBilly
Member since May 2020
6559 posts
Posted on 7/3/21 at 7:41 am to
quote:

2 year investigation and this is it.

money well spent


Well, they got more this time than they did on Russia, Russia, Russia, bless their hearts.
Posted by Zarkinletch416
Deep in the Heart of Texas
Member since Jan 2020
8421 posts
Posted on 7/3/21 at 7:50 am to
Another witch hunt. Make up stuff. Then get the MSM to push this over and over and over.

Repeat a lie often enough and people will eventually come to believe the lie.

Trump - DeSantis 2024

Posted by TigerCoon
Member since Nov 2005
18896 posts
Posted on 7/3/21 at 8:04 am to
quote:

1.76 million is like any of us dropping a $20 on the sidewalk and the wind blowing it away.



100K a year? That guys sucks at tax cheating.

quote:

How ridiculous is this to go after a gigantic NYC corporation over what amounts to an accounting error.


Exactly. Small fine, back taxes, and this goes away for anyone else.
Posted by TigerCoon
Member since Nov 2005
18896 posts
Posted on 7/3/21 at 8:07 am to
quote:

I’ll answer. Less than 5% of state inmates and less than 1% of federal inmates are in jail solely for drug possession charges.


Hey, man You are ruining the guy's truisms and virtue signals.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74306 posts
Posted on 7/3/21 at 8:27 am to
quote:

Thousands


Posted by Smoke7024
Member since Jun 2010
22701 posts
Posted on 7/3/21 at 8:29 am to
quote:

were treated as compensation by the Trump Corporation in internal records


Yeah this is a problem if they didn’t report it as compensation to the IRS. Just because it was treated as something internally doesn’t mean they reported on a tax document correctly.
This post was edited on 7/3/21 at 8:32 am
Posted by longwayfromLA
NYC
Member since Nov 2007
3331 posts
Posted on 7/3/21 at 9:54 am to
quote:

No chance this is true.


There are 40,000 people in jail on weed charges.
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