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re: Manhattan DA charges Trump's company, CFO with tax fraud
Posted on 7/2/21 at 8:20 am to imjustafatkid
Posted on 7/2/21 at 8:20 am to imjustafatkid
If you read the indictment most of this is on Weisselberg personally and about 90% of it is extreme bullshite. Maybe he is liable for the holiday expenses but if he had business guests as part of it, this was on the Trump Org and since the Trump Org reported it, could be construed as a business expense. The car lease is bullshite as is the apartment. At worst he is guilty of not reporting 360K in tuition. Send the fukka a tax bill and wait for payment and give him back his passport.
2
Posted on 7/2/21 at 8:25 am to Auburn1968
At this point Trump could blow up a coty and I’d still be his biggest fan. He’s the only one left fighting for us.
Posted on 7/2/21 at 8:27 am to KiwiHead
Yeah they're using big numbers (the "unreported income"), but burying the lede that the actual amount he may owe would be a fraction of that.
They're also making a large assumption that he'd owe the full amount of refunds he received if he reported this "income." I don't trust a lawyer to understand the tax code well enough to make such a statement. In my experience, they don't.
They're also making a large assumption that he'd owe the full amount of refunds he received if he reported this "income." I don't trust a lawyer to understand the tax code well enough to make such a statement. In my experience, they don't.
This post was edited on 7/2/21 at 8:32 am
Posted on 7/2/21 at 8:36 am to imjustafatkid
Ehhh the Manhattan DA office has some pretty good forensic accountants at their disposal, but forensic accountants are hired guns . This is harassment pure and simple. Like I said I see Weisselberg probably liable for the tuition but that does not necessarily translate in criminal behavior or for that matter tax evasion. The thing New York will also try for will be him claiming that he was not a resident...New York hates that, but of course if they were not consistently trying to shake people down this would not happen.
Posted on 7/2/21 at 9:11 am to KiwiHead
quote:
The thing New York will also try for will be him claiming that he was not a resident...New York hates that, but of course if they were not consistently trying to shake people down this would not happen.
They have to go after this because they're losing people in droves.
This post was edited on 7/2/21 at 9:11 am
Posted on 7/2/21 at 9:14 am to TheBoo
quote:
The indictment said that, beginning in 2005, Weisselberg used the Trump corporation's bank account to pay the rent for his apartment, and he and others paid his utility bills using the Trump corporation's account. The indictment also accuses Weisselberg of concealing "indirect compensation" by using payments from the Trump Organization to cover nearly $360,000 in upscale private school payments for his family, and nearly $200,000 in luxury car leases.
Next thing you know he will be accused of having company paid health insurance!!!
NY demprogs are corrupt poisonous political snakes.
Posted on 7/2/21 at 9:17 am to longwayfromLA
quote:
Is it your belief that you can just not report some your income to the IRS thus avoiding taxes on that income without sanction? If so, is that true just for Trump affiliated people or can others also just not report all their income too?
DA Cary Dunn, stated that POTUS DJT, and Trump Corp. attempted to avoid paying taxes through some scheme.
There is no crime in attempting to avoid paying income taxes through a scheme.
Scheme: a large-scale systematic plan or arrangement for attaining a particular object or putting a particular idea into effect.
"a clever marketing scheme"
It is perfectly legal and should be ones moral obligation, to structure their tax plan to avoid paying every tax.
It is illegal to EVADE paying taxes you already owe the IRS.
Just a cleverly worded hit piece which means nothing, by DA Cary Dunn.
Posted on 7/2/21 at 9:25 am to Themole
quote:
There is no crime in attempting to avoid paying income taxes through a scheme.
That is going to depend on whether what you are doing is legal or not. Good luck quoting fricking Merriam-Webster in a tax examination.
As I stated earlier, this is a dog and pony show but your logic is soooo far off.
This post was edited on 7/2/21 at 9:26 am
Posted on 7/2/21 at 9:26 am to Jorts R Us
quote:
I think this all a big dog and pony show by a politically motivated DA but just because the word "avoid" appeared in the sentence doesn't mean this constitutes avoidance and not evasion.
You can bet your arse, if they had discovered tax evasion, they would have said tax evasion.
Much different meaning than avoidance.
Posted on 7/2/21 at 9:30 am to Themole
quote:
You can bet your arse, if they had discovered tax evasion, they would have said tax evasion.
Much different meaning than avoidance.
An organization failing to report fringe benefits as taxable income to the employee may not rise to the level of tax evasion depending on the circumstances but it doesn't make it legal. There is a big difference between a failure of control that results in under reporting income and deliberate tax planning that results in legal tax avoidance. You attempting to equate the two is silly.
This post was edited on 7/2/21 at 2:19 pm
Posted on 7/2/21 at 9:36 am to Jorts R Us
quote:
Who is questioning the legality of fringe benefits?
Well hes trying to blame this on Trump.
Im saying Trump org didnt do anything illegal, seems they reported the compensation.
And judging by your post above this one, you are questioning the legality of benefits.
So there you go.
This post was edited on 7/2/21 at 9:38 am
Posted on 7/2/21 at 9:45 am to dgnx6
quote:
Im saying Trump org didnt do anything illegal, seems they reported the compensation.
Seems they reported the deduction and failed to identify it as employee comp., at least according to the indictment.
quote:
And judging by your post above this one, you are questioning the legality of benefits. So there you go.
Where am I doing that? Nothing illegal about fringe benefits. It's not taxing the fringe benefit that could cause you a problem. I can't believe I had to spell that out for you.
This post was edited on 7/2/21 at 9:46 am
Posted on 7/2/21 at 10:18 am to longwayfromLA
quote:
longwayfromLA
What a stupid cünt.
Posted on 7/2/21 at 10:31 am to SlowFlowPro
quote:
Why would I care if a person being railroaded by an ever-growing authoritarian state is "rich" or "doesn't give a shite about me"? I care about the railroading.
He did, more than likely, actually commit this crime. That they would have probably never bothered to look if he weren't Trump affiliated is a shame, but going the other way.
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? The authoritarian state has been here from jump for some folks. It's just interesting to see people get that "This is railroading" energy when it's a rich dude connected to their political heroes.
Posted on 7/2/21 at 11:04 am to longwayfromLA
This indictment is an outstanding example of why you need to purge your records of tax documents over 5 years old. Trash the hard copies, delete the soft.
Posted on 7/2/21 at 11:06 am to longwayfromLA
quote:Then why equate a political witch hunt to a dime bag arrest? Seems you could look at smashed cell phones and missing hard drives not being prosecuted versus this action.
It's just interesting to see people get that "This is railroading" energy when it's a rich dude connected to their political heroes.
Posted on 7/2/21 at 11:23 am to Jbird
quote:
Then why equate a political witch hunt to a dime bag arrest? Seems you could look at smashed cell phones and missing hard drives not being prosecuted versus this action.
A dime bag arrest in a stop and frisk neighborhood is a political witch hunt too. If you don't see that, it's because it doesn't bother you, which is sort of my point.
Posted on 7/2/21 at 11:26 am to Trevaylin
quote:
This indictment is an outstanding example of why you need to purge your records of tax documents over 5 years old. Trash the hard copies, delete the soft.
The bigger issue is that they had a second set of records with Wesselberg's real compensation. Thus, this indictment is a really outstanding example of why you need to follow the Stringer Bell rule.
Posted on 7/2/21 at 11:29 am to Jorts R Us
quote:
Where am I doing that? Nothing illegal about fringe benefits. It's not taxing the fringe benefit that could cause you a problem. I can't believe I had to spell that out for you.
quote:
were treated as compensation by the Trump Corporation in internal records
quote:
but it doesn't make it legal.
didnt think i had to spell it out for you.
You seem to be the one with a problem with me saying fringe benefits are legal.
This post was edited on 7/2/21 at 11:32 am
Posted on 7/2/21 at 11:31 am to longwayfromLA
quote:
That they would have probably never bothered to look if he weren't Trump affiliated is a shame
It's political persecution. Acting like the USSR is slightly more egregious than "a shame".
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