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Message
re: How the F do you explain this - Trump tax returns
Posted on 3/1/21 at 8:24 am to AggieHank86
Posted on 3/1/21 at 8:24 am to AggieHank86
quote:
The New York prosecutor wants to see those returns, because tax returns are a veritable treasure trove of investigative leads On matters totally unrelated to taxation.
BUT, the D.A. needs probable cause. To date, all he has stated is that there were media reports that Trump may have done something wrong. THAT is a complete f*cking joke and does not constitute probable cause -- ESPECIALLY where we are talking about a President who has been lied about constantly by the propaganda wing of the DNC. Given his statements both publicly and in court documents, the Manhattan D.A. is clearly on a politicized witch hunt and fishing expedition which is why Trump should sue him civilly so that he is required to show the probable cause he had BEFORE he got access to Trump's tax returns.
This post was edited on 3/1/21 at 8:26 am
1
Posted on 3/1/21 at 8:28 am to MMauler
quote:Trump is not suing the prosecutor, because his lawyers have explained that he would have his arse handed to him on a near-instantaneous Motion to Dismiss.
Trump should sue him civilly
I think he enjoyed enough of those over the last four months.
Posted on 3/1/21 at 8:29 am to dafif
You/we shouldn't be shocked at how Trump is fair game without regard to the law. If we the people have learned anything the past 10-15 years is that Swampers in good standing have a completely different set of rules than the underclass.
Posted on 3/1/21 at 8:35 am to squid_hunt
quote:If I had a nickel for every time it was reported that a Trump ally was going to "flip", I'd be rolling in cash.
More innuendo and rumors.
Posted on 3/1/21 at 8:35 am to dafif
quote:
Journalist Tim O'Brien, who's seen Trump's taxes, thinks Trump's accountant will now flip in D.A. inquiry
Tim O'Brien was the Trump biographer and was sued by Trump. Trump lost that suit and was required to give his tax returns to Tim's lawyers which allowed him to see them legally.
Posted on 3/1/21 at 8:35 am to dafif
I'm still fuzzy on why they needed his federal tax returns, other than to go fishing. From the article:
A bank will likely ask for tax returns to verify income and judge the ability of the borrower to repay the loan, but tax returns are a horrible place to look to determine the fair market value of a piece of real estate.
"Value" is such a nebulous term outside of book and tax accounting, which is largely based on what you paid for a piece of real property.
People contest tax values all the time.
This is yet another liberal hit piece article with too few details and not enough facts to string together a coherent argument.
As a prime example, a valuation of a building for loan purposes might include the value of future income streams, discounted at a subjective discount rate, while a property tax value might be based on comparable properties that sold recently.
The investigation smells like a dead fish.
quote:
And if there are email and notes and other records of communication about what they intended to do when they inflated the value of buildings so they could get loans against them and then turned around and deflated the value of the buildings so they could pay lower taxes on them, and there's a communication around that that predates any of these tax entries, that is gold for a prosecutor.
A bank will likely ask for tax returns to verify income and judge the ability of the borrower to repay the loan, but tax returns are a horrible place to look to determine the fair market value of a piece of real estate.
"Value" is such a nebulous term outside of book and tax accounting, which is largely based on what you paid for a piece of real property.
People contest tax values all the time.
This is yet another liberal hit piece article with too few details and not enough facts to string together a coherent argument.
As a prime example, a valuation of a building for loan purposes might include the value of future income streams, discounted at a subjective discount rate, while a property tax value might be based on comparable properties that sold recently.
The investigation smells like a dead fish.
This post was edited on 3/1/21 at 8:39 am
Posted on 3/1/21 at 8:37 am to BiteMe2020
quote:
still fuzzy on why they needed his federal tax returns, other than to go fishing.
career boost if you are the one who finds the needle in the haystack.
Posted on 3/1/21 at 8:39 am to CelticDog
quote:
career boost if you are the one who finds the needle in the haystack.
No doubt. I guess the only problem with that is you need probable cause.
From the articles I've read, there seems to be no probable cause. Ergo, you don't get to just go fishing for the needle in the haystack.
Posted on 3/1/21 at 8:41 am to dafif
Where are the specifics?
So nothing.
So nothing.
Posted on 3/1/21 at 8:46 am to dafif
quote:
Journalist Tim O'Brien, who's seen Trump's taxes
as predicted. 
Posted on 3/1/21 at 8:48 am to subMOA
quote:C’mon man. He’s probably W-2’s from muh russians and a 1099 from the KKK.
Why does anyone think a tax return is going to have anything juicy?
Posted on 3/1/21 at 8:50 am to dafif
"I have mountains of evidence that proves Donald Trump colluded with Russia."
Sound familiar?
Sound familiar?
Posted on 3/1/21 at 8:54 am to dafif
That journalist is full of shite. He would not have the foggiest clue how to read Trump's tax returns as well as that D.A.
Posted on 3/1/21 at 8:55 am to Taxing Authority
quote:The folks who present this argument are usually the same people who insist that Trump’s returns are far too complicated to be understood by the teams of forensic accountants working for the prosecution.
He’s probably W-2’s from muh russians and a 1099 from the KKK.
EDIT: the preceding poster and I were clearly typing at the same time. Hilarious.
This post was edited on 3/1/21 at 8:57 am
Posted on 3/1/21 at 8:57 am to Chief One Word
quote:
That journalist is full of shite. He would not have the foggiest clue how to read Trump's tax returns as well as that D.A.
It's funny you say that. My masters of taxation program in grad school was a joint program between the business school and the law school.
The most dropouts from the program were law school students. Because they sucked at numbers.
Posted on 3/1/21 at 9:07 am to dafif
This sounds like a story outlying why tax codes should be simplified.
If I man pays an army of accountants millions of dollars to correctly file his taxes... and they faile...
It’s an indication the tax code is too complex.
If I man pays an army of accountants millions of dollars to correctly file his taxes... and they faile...
It’s an indication the tax code is too complex.
Posted on 3/1/21 at 9:07 am to AggieHank86
quote:
Trump is not suing the prosecutor, because his lawyers have explained that he would have his arse handed to him on a near-instantaneous Motion to Dismiss.
Will need a link to this.
Somehow I think you are talking out of your a$$ and LYING LIKE A MOTHER F*CKER, AGAIN.
Posted on 3/1/21 at 9:12 am to dafif
So, Mueller looked at his taxes for 3 years and did nothing. Some lackey at the IRS leaked Trump's taxes to the NYT and parts were released. Now, we're supposed to believe that this journalist has looked at them and found something Mueller and the NY Times couldn't?
Posted on 3/1/21 at 9:13 am to dafif
Again, this is stupid. If anything is found, it's the irs' fault for allowing it. Trump has been clear about this from day 1. The irs is all over rich people, constantly auditing them. They don't miss much and if they do, that's their own fault
Posted on 3/1/21 at 9:15 am to dafif
So does New York drop the hammer now and try to put trump behind bars, or do they wait until the next election cycle that he would run for office in?
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