>

Crowd-sourced auditing. And no additional expense to the taxpayer!
His son took money from a charity for children with cancer.
His casino(s) was(were) fined for money laundering.
He was sued by so many people you wouldn't believe. Only the best people. >

He also used veteran charity money for himself >

( Republican response) Oh yeah? But what about Hunter Biden’s laptop? >

(Alternative Republican response) Yea, that just makes him smart! >

(Alternative again) “I don’t agree with everything he does, but I like his policies” >

so, how that wall going? Has the check from Mexico cleared yet? >

If trump says Mexico will pay for it, I believe him! He never lies …. >

I paid more taxes with my last paycheck than DJT did in a whole year >

How does someone pay taxes on money they didn't make >

The rich can “lose” money on tax returns and still become richer….  That is the whole issue with the US tax system.  You can invest and reallocate funds.  His company was fined(convicted feel’s wrong since nobody was held accountable) for this in 2022, they were paying for things off book to their employees.  He absolutely “rents mar-a-lago” at a reduced price and that is tax fraud. >

Partial truths; let me clarify.


Trump takes advantage of cost segregation studies and 1031 exchanges.  What is a cost seg?  When you buy or build a building, you are not just building a building.  You are putting appliances, land improvements and other things in.  If an asset qualifies for special depreciation, you can bonus it out and expense the asset the year it's in service.  Cost seg studies identify this sort of property.  You would typically recapture this and pay tax when the building is sold; but if you use 1031 exchanges you don't incur a recapturable event.  Trump's losses are disconnected from his wealth.  Cost seg, cash out refi, buy a building, cost seg... leads to tax losses as long as we have 100% bonus depreciation even though he is building wealth.


No, the Trump Org was convicted.  They weren't recording PUCC and tuition payments for employees kids as income to them and that is very, very wrong.  I would agree it is fraud.


Not wrong, but I am a CPA and want to clarify. >

It's pretty clear and has been very clear. But yeah thx >

As evidenced by the misinformation floating around, no it has not >

You're just in denial >

Oh wow, where did you get your MAcc?  Which state are you a licensed CPA in? >

This is where you're in denial it doesn't take all that to see what he's doing. >

Then explain to me, using laymen’s terms, what is going on? >

There are also questions about Trump’s returns listing an identical amount of company expenses and profits.
For example, in 2017, Trump claimed his business DJT Aerospace LLC, which operates Trump’s personal helicopter, claimed $42,965 in profit. It also claimed the exact same amount – $42,965 – in expenses. In other words, every single dollar – to the dollar – that the company earned was negated by the company’s expenses, such as payroll, fuel and other items. That left the company with zero income – and nothing to tax.
“Total expenses equaling total income is a statistical impossibility,” said Shiel. “It just doesn’t happen.” >

That at least makes sense to me from a shell game perspective considering he liked to fudge appraisals...

buy helicopter for 1.5MM
create shell company and "loan" it 0.5MM
sell helicopter to shell company for 0.5MM
write down 1MM in personal loss
shell company charges back its expenses annually

At that point... 

You have removed 1MM on your taxable income
You tell the tax man the helicopter company has $0 in income and a 0.5MM helicopter but also 0.5MM debt
You tell creditors it has $1MM in assets - liabilities >

This scheme is likely inked in sharpie on a McDonald’s napkin somewhere in mar a lago >

Stored in a cardboard box next to some nuclear weapon schematics. >

That’s one of the game settings for the next Metal Gear game, set in the 70s.
You sneak into the base to get the nuclear plans, and then you hide in the cardboard box to get out.
Armstrong has a cameo in the game where you get to see why his backstory and why he turned out to be someone who wanted to Make America Great Again.
There’s another cameo by Otacon who pissed his pants at Tokyo Big Sight during a convention for Go Nagai’s works.
The highlight of the game would be the nuclear launch triggering a mutation in a lizard and then you get to fight the giant lizard with Daikatana for some reason. >

He cheated and paid no tax.
The end. >

"In 2017, for example, Trump claimed he received exactly $18,000 in interest on a loan he said he gave his daughter Ivanka Trump. He claimed $8,715 in interest from his son Donald Trump, Jr., and exactly $24,000 from his son Eric Trump.
That raises the question of whether “the loans were bona fide arm’s length transactions, or whether the transfers were disguised gifts that could trigger gift tax and a disallowance of interest deductions by the related borrowers,” the JCT said in its report.
“It’s unusual to have interest in round numbers – very rare,” said Martin Sheil..." >

At this point, I’m not worried about the payments in the tens of thousands, as red of flags as they are. >

That’s how they got Capone. (Maybe not exactly but I just wanted to say that) >

Taxes in general? Sure. But focusing on relatively small stuff isn’t where to put energies just now. Those and things to throw on the pile later, when the huge things have been thoroughly rent asunder.
And in this case, there some plausible explanations that make it not as egregious as many of the other things. You can pay interest in round amounts on your mortgage, if you want, for example. If most of the interest wasn’t due until a balloon payment at the end on a personal loan, it’s not the end of the world to round something up for an annual payment. I’m not saying these family loans were completely fine, but I’m not going to worry about them at all just now. >

+1 for "rent asunder" >

400 flow-through entities?
That’s suspicious in and of itself. >

And yet nothing flowed through. 
And I’m afraid to take a home office deduction. >

"here's a picture of you using the office chair you deducted while playing your Xbox. You're fucked, boyo!" >

Is that how it is? Damn >

You can do partial deductions but idk if that includes things like offices for wage employees. 
I deduct half the cost of my phone because I’m required to have it for work but the other 8 hours of the day I use it for personal use. >

Do you work 16 hour days, or do you turn your phone into the company while you're sleeping? >

Of the waking day* >

So the real takeaway from this article is that our US tax code needs to be cleaned up and simplified so that people like Trump can’t shelter their money and avoid paying taxes. 
Also, “charitable foundations” need to go away. We all know that rich people set them up to hide their money or to filter it back to themselves tax free. >

That it is incredibly generous to a guy that is so obviously a cheat and a fraud. Don’t give him the benefit of the doubt. 
Even with the tax code we have, it isn’t plausible that he could support his lavish lifestyle over many years without taxable income. The obvious answer is that he is a tax cheat and the IRS wasn’t looking for political reasons. 
Now there’s plenty of accountants scrutinizing everything.