Reply With Quote
I heard that but I'm not sure that's what he meant. It might have been though.
New York Attorney General’s Office Finds Trump Foundation Has Violated Tax Laws
By Jason Easley on Mon, Oct 3rd, 2016 at 1:21 pm
The office of the New York state attorney general has found that the Trump Foundation violated the state's tax laws and ordered the Republican nominee's foundation to immediately stop fundraising.
The New York Attorney General’s Office released a statement:
On Friday, September 30, the Office of New York State Attorney General Eric Schneiderman issued a Notice of Violation to the Donald J. Trump Foundation (“Trump Foundation”) and directed the en y to cease and desist from soliciting contributions in New York.
The notice states that the Trump Foundation “is in violation of section 172 of Article 7-A New York’s Executive Law, which requires charitable organizations that solicit contributions in New York State to register with the Charities Bureau and to provide annual financial reports and annual audited financial statements.” Despite failing to register pursuant to Article 7-A, the Trump Foundation solicited contributions in New York State earlier this year, in violation of New York law.
The notice directs the Trump Foundation to “immediately cease soliciting contributions or engaging in other fundraising activities in New York” and “to provide the [AG’s] Charities Bureau with the information specified in Section 172 within fifteen (15) days” of receiving the notice.
It turns out that the real charitable foundation scandal doesn’t involve Hillary Clinton, but Donald Trump.
For months evidence has been growing that Donald Trump misused charity funds for his own personal benefit.
Paintings and autographed sports memorabilia are just a few of the items that were bought on the charity’s dime for Donald Trump.
Trump used $250,000 from his charity to settle lawsuits that were brought against him.
A week ago it was revealed that Trump used his charity to dodge personal income taxes on millions of dollars of income.
Donald Trump’s fake charity first came to light when the press forced him into following through on his promised donation to veterans groups.
It was Trump who caused this problem for himself by trying to upstage a Republican primary debate by holding a sham fundraiser for veterans.
Donald Trump’s real crimes are coming to light, as no amount Clinton conspiracy theories can cover up the web of corruption that has been weaved by the man Republicans have nominated to be the next President Of The United States.
http://www.politicususa.com/2016/10/...iticus+USA+%29
I heard that but I'm not sure that's what he meant. It might have been though.
Everything he touches seems to be of questionable activity. The writing was kind of on the wall here though... remember his big fundraiser for the troops? That money was supposed to go to his foundation and be distributed later but it really seemed like he was going to try to keep it essentially for himself when you consider what he had been using foundation money for [e.g. painting of himself, kid's school, etc.]. He had to be shamed into giving it all to the troops by the media.
Not necessarily. It's a state thing. In Texas its Fckn crooked. Let's not mix the many ways Donald uses the rigged system he rails against.
I do have a problem with a person who goes out and borrows more money (For a T-Bill) while owing the IRS for years, then the money to the IRS payment comes due and he has made a profit. You tell me who gains from this little wrap around trick?
Tell me? How do YOU make money off a debt? How? You take on debt where you pay no interest and borrow. Let's see any of us try this.
you are defending these practices, that's all the board needs to know. Where have you seen me defend the Clintons running their foundation or Hillary's ignorance on emails. I won't do it. You seem to find the Donald's way the American way. This makes people want to puke who understand what you defend.
Last edited by pgardn; 10-03-2016 at 01:48 PM.
RIF, Trash sucker.
Large ins utions can probably find ways to exploit this but are individuals really doing it? Aren't interest rates on personal/business loans generally much higher than treasury bill rates?
You're a nasty little man.
sanders sucker
ducks!!!!!!!!!
did lebron really endorse her?
yes
Did Darko endorse Trump?
Not what Donald owes to the IRS. And yes Donald is doing exactly this. Listen to NPR rebroadcast from between 7-8 am about this (SA station) They had a whole explanation of this trick. Donald is not the only individual. And Donald finds ways to basically borrow from himself.
And T-Bills was a safe example which he probably does not use.
I told this board the deeper we dig the nastier it would get. The Republicans blew him off and this is what they get. Another lost election. Thanks for defaulting Hillary in. The country really needs her. I told you guys the big guns would be drawn later. Although realistically he has shown himself to be such a petulant child it might not even matter.
You seem extremely confused.
The most shocking part of Donald Trump’s tax records isn’t the $916 million loss everyone’s talking about
But there’s something I consider even more shocking — although it involves a much smaller number.
By my read of the Trump tax return published by the New York Times,
he would have been tax-free because of a $15,818,562 loss reported on Line 11 of the return under “Rental real estate, royalties, partnerships, S corporations, trusts, etc.”
It looks to me that this loss reflects the outrageous, special tax break that real estate developers that people like Trump can get, but that the rest of us can’t.
To give you the brief version, people who qualify as real estate developers or managers can use depreciation deductions to offset non-real-estate income. But people who don’t qualify for this special treatment can’t do that. (For full details, ask a tax expert about Section 469 of the tax code.)
in the collapse of his casino-hotel-airline empire, which fell apart in the early 1990s and resulted in four bankruptcies. (He had two more bankruptcies, in 2004 and 2009, from a publicly traded company in which he was the primary shareholder.)
I’m guessing, but I can’t tell for sure — there’s not enough information — that the loss has to do with the collapse of his empire. I don’t understand how Trump, who had very little of his own cash invested in his projects in the 1990s but did personally guarantee part of their debt, could end up with tax losses of that magnitude. They’re almost certainly paper losses rather than out-of-pocket losses.
If Trump were truly smart — and wanted to lead by example — he would have disclosed his tax returns, showed the loopholes he used, and vowed to close them.
https://www.washingtonpost.com/news/...talking-about/
The ignorant losers supporting Trash are often protesting being losers screwed by a rigged economy
Hilarious that they want elect Trash as Rigger-in-Chief, who won't do a ING thing to about their loserhood.
You Trash suppoters defend Trash as not breaking the law, it's all legal?
It's the 1%er Trashes of the USA who WROTE THE ING LAWS and REGS, while defunding the SEC and IRS.
Can you listen to the radio competently?
I mean you were the guy who had no clue as to uncertainty and the Brexit which is now beginning to look really bad.
What the does this even mean?I do have a problem with a person who goes out and borrows more money (For a T-Bill) while owing the IRS for years, then the money to the IRS payment comes due and he has made a profit. You tell me who gains from this little wrap around trick?
Simple.
What the does this even mean?
The money one owes the IRS in the future can actually be looked at as a cheap long term loan from the government.
Do you get this? I know you and I don't have Trump money, but it's not that difficult for such a deft business man.
Sorry to say that I agree with you. He's not explaining whatever he is talking about clearly.
What the does this even mean?
Since when does an IRS debtor not pay interest and penalties on taxes owed?
For my ducks since he loves himself some 538.
http://projects.fivethirtyeight.com/...ex_cid=rrpromo
When you deal with large sums of money and a payback amount is already determined over a long term.
There are currently 2 users browsing this thread. (0 members and 2 guests)
Posting Permissions
