Trump's Taxes

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#1,026
McDad said:
Can we pull the conjecture train into the station for a bit?
DB fraudulently loaned DJT before he was president nonsensically. Did DB know he would be president? What power did he have over DB as a private citizen?
Are you also insinuating DJT laundered money through DB? With what illegal activities is he involved?
Did DJT assist Epstein or DB in paying off Epstein accusers?
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Well, you are going to have conjecture with something this strange. It's not apparent what DB gains from their relationship with the Donald. It's suspicious. "Any chance we can get another contract from that developer in New York who defaulted on $640 million and sued us?"
 
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#1,028
#1,028
BowlBrother85 said:
Well, you are going to have conjecture with something this strange. It's not apparent what DB gains from their relationship with the Donald. It's suspicious. "Any chance we can get another contract from that developer in New York who defaulted on $640 million and sued us?"
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Well, maybe something will come up to shed light. But right now, simply based on this thread, there is not a lot of substance.
 
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#1,029
#1,029
McDad said:
Was this perceived power over DB a crime?
Was this power derived from DJT's presidency?
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Trump doesn't have power over DB. What ever gave you that notion? As BB pointed out the loans were underwritten by the Russian bank. One Should ask why was DB the middleman for his loans.
 
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#1,031
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#1,032
#1,032
McDad said:
Only true, I think, if the consultant fee was purposely arranged to avoid payroll taxes. Ivanka would claim the consultant fee as income and thus be responsible for taxes (if received as an individual).
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What I'm reading is that if she's already an employee of the Trump Org receiving a salary for the very same work that she's being paid for as a consultant, there's a gift tax issue. The consultant fee was in reality a taxable gift instead of a deductable business expense.
 
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#1,033
#1,033
evillawyer said:
The commentary I'm seeing on the Ivanka arrangement (paying her as a consultant when she's a family member and employee of the Trump organization) says that's tax fraud.
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It's absolutely NOT tax fraud in DJT's behalf. There is nothing illegal about that transaction, especially since Ivanka is likely in a higher tax bracket than DJT.

If Ivanka or her company did not report the income on their tax return, then that's tax fraud.

The optics arent good though to be sure
 
#1,035
#1,035
Mick said:
Trump doesn't have power over DB. What ever gave you that notion? As BB pointed out the loans were underwritten by the Russian bank. One Should ask why was DB the middleman for his loans.
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An underwriter assumes the risk of the loan after evaluation. They dont write the loan.

@BowlBrother85 do underwriters provide the money for a financial institution to loan?
 
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#1,041
#1,041
evillawyer said:
What I'm reading is that if she's already an employee of the Trump Org receiving a salary for the very same work that she's being paid for as a consultant, there's a gift tax issue. The consultant fee was in reality a taxable gift instead of a deductable business expense.
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Trump, Trump Org, or other trump enterprises would not pay tax on a gift given away. The recipient is responsible for the tax. In this case, Ivanka.
Unless there are different laws at that level, I dont follow what you're reading.
 
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#1,042
#1,042
Mick said:
Trump doesn't have power over DB. What ever gave you that notion? As BB pointed out the loans were underwritten by the Russian bank. One Should ask why was DB the middleman for his loans.
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Where did the underwritten by Russians info come from?
 
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#1,044
kiddiedoc said:
From what I can tell, he does the same things that most of us do, just on a much, much larger scale. Oh, and in case anyone missed it, every wealthy celeb, athlete, politician, etc with a decent CPA does them too.
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The fact that everybody does it, doesn't mean the tax code isn't screwed up.
 
#1,046
#1,046
McDad said:
An underwriter assumes the risk of the loan after evaluation. They dont write the loan.

@BowlBrother85 do underwriters provide the money for a financial institution to loan?
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Underwriting simply refers to the process of verification and risk assessment within guidelines for that particular institution. It's what I would like to be doing one day... they make decent money, and aren't exactly the hardest working people in show biz from what I've dealt with.
 
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#1,047
#1,047
McDad said:
An underwriter assumes the risk of the loan after evaluation. They dont write the loan.

@BowlBrother85 do underwriters provide the money for a financial institution to loan?
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But they are responsible when Trump defaults, as he was on the verge of in 2008. If they did in fact underwrite his loans.

Ok, so they aren't responsible according to BB.
 
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#1,050
#1,050
BowlBrother85 said:
Underwriting simply refers to the process of verification and risk assessment within guidelines for that particular institution. It's what I would like to be doing one day... they make decent money, and aren't exactly the hardest working people in show biz from what I've dealt with.
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So, DB wouldn't be a middle man, as Mick alluded, between Ruskies and DJT. The Ruskie underwriters would simply pay DB after a default. Correct?
 
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