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  1. #26
    Mr. John Wayne CosmicCowboy's Avatar
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    Not good for Ivanka if NYT is correct on deductions
    Consulting is a legitimate business expense. Nothing in the tax code says you can't pay it to a family member.

    Obviously Ivanka paid her state and federal income tax or they would be screaming about that.

    New yorks corporate income tax is 8.5%. If they disallow the deduction Trump pays less than $70.000 plus interest and there is no crime.

    Nothingburger

  2. #27
    Against Home Schooling Ef-man's Avatar
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    US covid case surge over 12 million cases and over 250k deaths but presidents continues to go golfing!

    Sure, makes sense why idiots love him.

  3. #28
    Savvy Veteran spurraider21's Avatar
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    Go to DuckDuckGo and type it in
    You don’t know

  4. #29
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    Consulting is a legitimate business expense. Nothing in the tax code says you can't pay it to a family member.

    Obviously Ivanka paid her state and federal income tax or they would be screaming about that.

    New yorks corporate income tax is 8.5%. If they disallow the deduction Trump pays less than $70.000 plus interest and there is no crime.

    Nothingburger
    NY AG is working to show that Trump has a history of tax/financial criminal activity related his shady business practices (e.g., values of property for loan and tax purposes, stiffing people on contracts). Add that Ivanka was already an employee for trump and then gets consulting money. Without proof of what she did to earn extra money, this would show court a pattern of criminal activity (RICO) that could lead to major civil penalties/forfeitures plus time in jail.

  5. #30
    Mr. John Wayne CosmicCowboy's Avatar
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    NY AG is working to show that Trump has a history of tax/financial criminal activity related his shady business practices (e.g., values of property for loan and tax purposes, stiffing people on contracts). Add that Ivanka was already an employee for trump and then gets consulting money. Without proof of what she did to earn extra money, this would show court a pattern of criminal activity (RICO) that could lead to major civil penalties/forfeitures plus time in jail.
    No one has ever gone to jail for having a deduction disallowed. Civil penalties and fines, but no jail time.

    As for the property value thing. Everybody does it. I own multiple properties and hire professionals every year to fight my tax appraisals. They would all sell for more than the county appraisal. Putting that real value (or what you think the real value is) on your financial statement is not a crime. The bank is well within its right to do its own property appraisal.

  6. #31
    4-25-20 Will Hunting's Avatar
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    As for the property value thing. Everybody does it. I own multiple properties and hire professionals every year to fight my tax appraisals.
    Good luck explaining that on here. People don't seem to understand there's nothing illegal about hiring appraisers/consultants to fight with municipalities about taxable value and that everyone who's ever invested in real estate does it. You'd be stupid not to.

    Paying Ivanka bull consulting fees to evade taxes isn't something he's going to jail over either. It's illegal and it's tax fraud but it's not something so bad that makes it so a good lawyer can't prevent jail time.

  7. #32
    Got Woke? DMC's Avatar
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    US covid case surge over 12 million cases and over 250k deaths but presidents continues to go golfing!

    Sure, makes sense why idiots love him.
    7.5m have recovered.

    450K die every year from self inflicted illnesses yet the POTUS plays golf.

  8. #33
    Got Woke? DMC's Avatar
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    No one has ever gone to jail for having a deduction disallowed. Civil penalties and fines, but no jail time.

    As for the property value thing. Everybody does it. I own multiple properties and hire professionals every year to fight my tax appraisals. They would all sell for more than the county appraisal. Putting that real value (or what you think the real value is) on your financial statement is not a crime. The bank is well within its right to do its own property appraisal.
    But you're an evil white businessman.

  9. #34
    Got Woke? DMC's Avatar
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    NY AG is working to show that Trump has a history of tax/financial criminal activity related his shady business practices (e.g., values of property for loan and tax purposes, stiffing people on contracts). Add that Ivanka was already an employee for trump and then gets consulting money. Without proof of what she did to earn extra money, this would show court a pattern of criminal activity (RICO) that could lead to major civil penalties/forfeitures plus time in jail.
    Barbershop expertise

  10. #35
    Veteran hater's Avatar
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    7.5m have recovered.

    450K die every year from self inflicted illnesses yet the POTUS plays golf.
    200 billion ants die a year

    Yay! Lets keep throwing irrelevant statistics

  11. #36
    Got Woke? DMC's Avatar
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    200 billion ants die a year

    Yay! Lets keep throwing irrelevant statistics
    So you think the POTUS can solve the COVID crisis if he just leaves the golf course? Or are you one of those "optics" re s who is more concerned with appearance than results?

  12. #37
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    Barbershop expertise

  13. #38
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    Ivanka was already an employee,

    then they dumped $10Ks more on her for "consulting".

    IRS violation.

  14. #39
    Alleged Michigander ChumpDumper's Avatar
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    7.5m have recovered.

    450K die every year from self inflicted illnesses yet the POTUS plays golf.
    Barbershop expertise

  15. #40
    Mr. John Wayne CosmicCowboy's Avatar
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    Ivanka was already an employee,

    then they dumped $10Ks more on her for "consulting".

    IRS violation.
    Not necessarily. The payment was to a company she was part owner of. It is always possible the company did legitimate work.

  16. #41
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    Not necessarily. The payment was to a company she was part owner of. It is always possible the company did legitimate work.

    A trump doing legitimate work.

    NY AG will go for RICO charges and trump will plead to lesser charges and stiff penalties. Especially since he owes lots of money and protracted litigation is not in his favor.

  17. #42
    Mr. John Wayne CosmicCowboy's Avatar
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    A trump doing legitimate work.

    NY AG will go for RICO charges and trump will plead to lesser charges and stiff penalties. Especially since he owes lots of money and protracted litigation is not in his favor.


    RICO

    Nope.

  18. #43
    Believe.
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    it’s shocking to see you defend trump. Shocking.

    you’d think someone as anti trump, as you claim to be, would not even care if they go to jail.

    yet here you are.

  19. #44
    Mr. John Wayne CosmicCowboy's Avatar
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    it’s shocking to see you defend trump. Shocking.

    you’d think someone as anti trump, as you claim to be, would not even care if they go to jail.

    yet here you are.


    I'm not defending Trump.

    I am replying to you idiots claiming stupid like states pursuing RICO claims.

  20. #45
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    No one has ever gone to jail for having a deduction disallowed. Civil penalties and fines, but no jail time.

    As for the property value thing. Everybody does it. I own multiple properties and hire professionals every year to fight my tax appraisals. They would all sell for more than the county appraisal. Putting that real value (or what you think the real value is) on your financial statement is not a crime. The bank is well within its right to do its own property appraisal.

    sure

    as long as ALL do ents and affidavits MATCH

    he is clear...

    once the prosecutors discover discrepancies and they sift through the do ents the court orders released


    then prosecutors can refer the criminality they find to criminal prosecutors

    but keep defending the criminal- you complicit piece of

  21. #46
    Mr. John Wayne CosmicCowboy's Avatar
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    it’s shocking to see you defend trump. Shocking.

    you’d think someone as anti trump, as you claim to be, would not even care if they go to jail.

    yet here you are.
    And they arent going to jail for tax deductions being disallowed.
    Last edited by CosmicCowboy; 11-22-2020 at 01:54 PM.

  22. #47
    Mr. John Wayne CosmicCowboy's Avatar
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    sure

    as long as ALL do ents and affidavits MATCH

    he is clear...

    once the prosecutors discover discrepancies and they sift through the do ents the court orders released


    then prosecutors can refer the criminality they find to criminal prosecutors

    but keep defending the criminal- you complicit piece of
    State attorneys can't use RICO dumbass. RICO is exclusive to the US Attorney General.

  23. #48
    Mr. John Wayne CosmicCowboy's Avatar
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    Only stupid people think Trump or family are going to jail.

  24. #49
    coffee's for closers FrostKing's Avatar
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  25. #50
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    I'm not defending Trump.

    I am replying to you idiots claiming stupid like states pursuing RICO claims.
    why would you care about this, though?

    you claim to be happy he lost. He’s still the face of the party you’re blindly loyal too. Is that it? Is it a reflex?

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