Tag:TaxEvasion

Dopey Trump kids rush to media to talk about Trump Org charges; are their lawyers watching?

I know Donald Trump Jr. and Eric Trump aren’t twins, but it still feels to me like they may have once shared a womb....

David Frum: Trump's whiny rants about his legal troubles 'will not do him much good in court'

One of the best things about today’s indictments against the Trump Organization and its longtime CFO, Allen Weisselberg, is that the charges are easy...

Who is Matthew Calamari and Why is Trump Scared?

Once Trump’s bodyguard, Calamari is the Trump Org’s Chief Operating Officer.  The COO is like a Chief of Staff and is second in rank to...

NYT: A Trump family tax-evasion scheme benefited Donald and screwed over tenants

Now that Grampa Rage Diapers is on his way to becoming a private citizen without his own attorney general mob consigliere paid for by...

New York City Looking To Prosecute Trump For Two Sets Of Cooked Tax Books

Maybe Donald Trump will finally go the way of Al Capone and crucify himself with his taxes. ProPublica has obtained property tax documents, using New York State’s freedom of information law, and sure enough, it appears there’s two sets of books, one to appease the IRS and another one to lure lenders. ProPublica: Taxes have long been a third rail for Trump. Long before he famously declined to make his personal returns public, a New York Times investigation concluded, Trump participated in tax schemes that involved “outright fraud,” and that he had formulated “a strategy to undervalue his parents’ real estate holdings by hundreds of millions of dollars on tax returns.” Trump’s former partners in Panama claimed in a lawsuit, which is ongoing, that Trump’s hotel management company failed to pay taxes on millions in fees it received. Spokespeople for Trump and his company have denied any tax improprieties in the past. In February, Cohen told Congress that Trump had adjusted figures up or down, as necessary, to obtain loans and avoid taxes. “It was my experience that Mr. Trump inflated his total assets when it served his purposes,” Cohen testified, “and deflated his assets to reduce his real estate taxes.” […] In response to ProPublica’s questions about the disparities, Laura Feyer, deputy press secretary for New York Mayor Bill de Blasio, said of the Trump International Hotel and Tower, “The city is looking into this property, and if there has been any underreporting, we will take appropriate action.” What Trump did was tell people what they wanted to hear, about how there was a great rise in leasing momentum and the building in question would soon be full. He backed up those claims with fraudulent records. There can be legitimate reasons for numbers to diverge between tax and loan documents, the experts noted, but some of the gaps seemed to have no reasonable justification. “It really feels like there’s two sets of books — it feels like a set of books for the tax guy and a set for the lender,” said Kevin Riordan, a financing expert and real estate professor at Montclair State University who reviewed the records. “It’s hard to argue numbers. That’s black and white.” What is ironic, is that Donald Trump spent his entire life trying to be a big shot in New York, to no avail. It’s very probable that his recent decision to make Florida his home state is based upon this investigation. The people that Trump spent a lifetime trying to impress, New Yorkers, may be the ones that finally take him to task. Good for them. It can’t happen soon enough.

You think the NY Times story on Trump’s Taxes was Revealing? There’s more…

The Worst Businessman in America Nancy Le Tourneau has picked up on the rest of the tax story the NY Times broke. The Trump family engaged...

Bombshell Report Details Tax Evasion and ‘Outright Fraud’ Through Which Trump Accumulated His Wealth From Daddy

Undermining the narrative President Donald Trump has aggressively promoted of his success as a "self-made" billionaire—the platform upon which he has built his success...

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Trump floated the idea of repainting his private plane to look just like Air Force One ‘as a way of taunting’ Biden

Grace PanettaFri, September 17, 2021, 1:11 PM·2 min readIn this article: Donald Trump45th President of the United StatesJoe Biden46th and...
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Barr warned Trump swing voters think he’s a ‘f—ing a–hole’

Donald Trump45th President of the United StatesWilliam Barr77th and 85th United States Attorney General The new book about former President...

don't you remember when Obama destroyed Rock & Roll, because some angry white men do

RWNJ disinformation continues at its most absurd. Then again maybe these folks have been talking to Nicki Minaj’s cousin’s...

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The exploiting of and problems with the 1st amendment

We have to guard against the victors and monied...
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