Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father

Page 5 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
Toggle sidebar Toggle sidebar
rise

rise

Diamond Member
Dec 13, 2004
9,116
46
91
Commodus said:
You know, it's probably obvious to a lot of people, but I realized: Trump's never-stop-campaigning strategy isn't useful to him just because it helps him stick to what he knows (selling, not running a country)... it's because he needs that second term to stay out of prison. The presidency both raised its own criminal issues and drew attention to crimes that previously slid under the radar.

Even if people don't dare to charge him while he's in office, the moment he's out of office.. he's facing charges. And these are the sort of charges whose sentence could have him die in prison. I won't be surprised if he becomes the first former US president to be declared a fugitive.
Click to expand...
I catch myself daydreaming sometimes, envisioning trump orchestrating an asylum run under the guise of a summit. 'Just a trip to see putin again, brb' as he shuttles his crime family out of the country.

So this is at least 3 generations of criminal trumps. Maybe Barron can make it out? Is Barron Q? (hahaha, sorry saw that the other day, still kills me)
 
F

fskimospy

Elite Member
Mar 10, 2006
85,710
51,001
136
SlowSpyder said:
The NY Times put a hit piece out on Trump? LOL
Click to expand...

A hit piece is something that uses lies or deception to unfairly smear someone. Since they accuse him of committing criminal fraud surely he will file a defamation lawsuit any day now and win a big judgment from them.

Anyone want to bet on Trump filing and winning any defamation suit against the NYT? Anyone at all? lol.
 
G

Greenman

Lifer
Oct 15, 1999
20,970
5,590
136
Hayabusa Rider said:
There are two distinctly different aspects in NY and likely elsewhere as far as taxes go. First is the difference between civil and criminal acts. In Trump's case we're talking about the latter. What Trump did that we're discussing is long past criminal consequences for imprisonment, however, there is no statute of limitations that I know of where he is immune from asset forfeiture. He would be on the hook for what he should have paid plus any penalties assessed. Usually, this is pennies on the dollar in real life, but that's between the state and lawyers. In this case, I don't think there will be much forgiveness simply because of who is involved.

Trump owns the Federal government to a large degree so the IRS isn't likely to do anything but stick fingers in its ears and go with "LALALALA". But much of Trump's business is done through NY entities and he was a resident of NY at the time of these allegations.

Pretty much he needs to exit the back door and flee to another nation with no legal agreements with the US the moment he leaves office.
Click to expand...
That's assuming the fraud allegations are valid. That Trump was working the system is a given, that it's a criminal enterprise hasn't been proven. It's a pretty safe bet the line was crossed, but knowing something and proving that something in court are two entirely different things.
 
S

SlowSpyder

Lifer
Jan 12, 2005
17,305
1,001
126
fskimospy said:
A hit piece is something that uses lies or deception to unfairly smear someone. Since they accuse him of committing criminal fraud surely he will file a defamation lawsuit any day now and win a big judgment from them.

Anyone want to bet on Trump filing and winning any defamation suit against the NYT? Anyone at all? lol.
Click to expand...


TDS is a real problem, I hope you get better. This week it'll be this NYT hit piece, next week, the week after...?
 
G

Greenman

Lifer
Oct 15, 1999
20,970
5,590
136
fskimospy said:
A hit piece is something that uses lies or deception to unfairly smear someone. Since they accuse him of committing criminal fraud surely he will file a defamation lawsuit any day now and win a big judgment from them.

Anyone want to bet on Trump filing and winning any defamation suit against the NYT? Anyone at all? lol.
Click to expand...
It would be world class hysterical if he did it.
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,676
5,238
136
SlowSpyder said:
TDS is a real problem, I hope you get better. This week it'll be this NYT hit piece, next week, the week after...?
Click to expand...

Great rebuttal to the 100,000 pages of documents and exhaustive investigation...


But I'm sure you'll be back after the spin machine has had some time to come up with some creative bullshit why this is ok.

Then again, that's more Taj-bo's style.


You'll probably come up with some ill-conceived random tangent, like why the IRS hasnt eliminated all second hand smoking deaths, and we should concentrate on that first.
 
  • Like
Reactions: Meghan54
F

fskimospy

Elite Member
Mar 10, 2006
85,710
51,001
136
Greenman said:
That's assuming the fraud allegations are valid. That Trump was working the system is a given, that it's a criminal enterprise hasn't been proven. It's a pretty safe bet the line was crossed, but knowing something and proving that something in court are two entirely different things.
Click to expand...

While none of us have reviewed all the relevant documents assuming the Times' description of what went on is accurate this seems like a slam dunk.

https://www.nytimes.com/interactive...tion=click&module=Top Stories&pgtype=Homepage

The most overt fraud was All County Building Supply & Maintenance, a company formed by the Trump family in 1992. All County’s ostensible purpose was to be the purchasing agent for Fred Trump’s buildings, buying everything from boilers to cleaning supplies. It did no such thing, records and interviews show. Instead All County siphoned millions of dollars from Fred Trump’s empire by simply marking up purchases already made by his employees. Those millions, effectively untaxed gifts, then flowed to All County’s owners — Donald Trump, his siblings and a cousin. Fred Trump then used the padded All County receipts to justify bigger rent increases for thousands of tenants.
Click to expand...

More on that here:

https://www.nytimes.com/2018/10/02/insider/donald-trump-fred-tax-schemes-wealth.html

The trio began to talk to people familiar with the president’s father and his empire. Those people told them that the company was a middleman entity created by President Trump and his siblings essentially to move cash from Fred Trump’s companies to his children. After All County bought various items for Fred Trump’s buildings, like boilers and cleaning supplies, a secretary would bill the items to Fred Trump’s buildings with a 20 to 50 percent markup. The siblings would then pocket the difference.
Click to expand...

The trove included previously secret depositions, including one in which Robert Trump, the president’s brother, admitted that the family used the padded receipts from All County to justify higher rent increases for their tenants in rent-regulated apartments.
Click to expand...

The family owned All County and used it to buy building stuff. They then sold it to themselves in another family owned company, Fred Trump's company, at huge markups. They then used these markups to raise the rent on their tenants. That's fraud.
 
Hayabusa Rider

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
50,879
4,266
126
Greenman said:
That's assuming the fraud allegations are valid. That Trump was working the system is a given, that it's a criminal enterprise hasn't been proven. It's a pretty safe bet the line was crossed, but knowing something and proving that something in court are two entirely different things.
Click to expand...

Remember that we're not talking Trump's government, but NY. All the records going back to Fred Trump will be on file. Unless the high stakes piece the NYT are completely false, lacking any documentation (which they seem to have) then prosecutors will have no problem. NY's forensic financial investigators are unrivaled and the con, which this is, isn't going to hold up.
 
zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,165
30,117
146
SlowSpyder said:
TDS is a real problem, I hope you get better. This week it'll be this NYT hit piece, next week, the week after...?
Click to expand...

Among the 100k documents and receipts that the NYT holds for this report, are court depositions where the Trump family admits to engaging in this fraud.

But of course you are a very smart person to think this is nothing.
 
Phokus

Phokus

Lifer
Nov 20, 1999
22,994
779
126
SlowSpyder said:
TDS is a real problem, I hope you get better. This week it'll be this NYT hit piece, next week, the week after...?
Click to expand...

If Trump feels the NYT libeled him, he is fully free to bring a lawsuit against them. I have a feeling he won't for 3 reasons a) The NYT has actual receipts to the tune of 100k documents, b) because of the nature and target of the story, i'm pretty sure the NYT lawyers vetted the hell out of it before it saw the light of day, compared to most normal stories they might print and c) if it went to trial, more dirt would come out on trump during the discovery phase.

BTW, this piece took over a year to investigate, so i'd be impressed if they have the resources to produce such 'hit pieces' week after week. Sounds real expensive for the 'failing new york times'.

Of course i'm arguing against someone who doesn't care about the truth.
 
  • Like
Reactions: DarthKyrie and SteveGrabowski
Hayabusa Rider

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
50,879
4,266
126
zinfamous said:
Among the 100k documents and receipts that the NYT holds for this report, are court depositions where the Trump family admits to engaging in this fraud.

But of course you are a very smart person to think this is nothing.
Click to expand...

Ultimately it is the documentation that will matter to prosecutors. If supporters of Trump wish to throw "TDS" on the scales of justice I'll allow it as an investigation will give it due consideration.
 
Starbuck1975

Starbuck1975

Lifer
Jan 6, 2005
14,698
1,909
126
Commodus said:
Yes and no. Wealthy people regularly use loopholes and other tricks to avoid paying tax. The difference is that most of them are using legal methods; Trump looks like he used those and straight-up tax fraud.

Now, many people did suspect Trump was a fraudster... this just confirms it.
Click to expand...
True, but those loopholes and tricks exist because no one seems to have the political will to close them, and they all feel like fraud to me because the little people never have access to those levers of wealth.
 
cytg111

cytg111

Lifer
Mar 17, 2008
24,027
13,538
136
SlowSpyder said:
Why did Hillary start that?
Click to expand...
She didnt, you know this. In the same manner you know you are retarded and thats why you are calling everyone else idiots. No. You are the puppet. There is no interference here to run... crawl back to bowling green and suck on a ar-15 plz.
 
MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
16,705
8,935
146
S

SlowSpyder

Lifer
Jan 12, 2005
17,305
1,001
126
cytg111 said:
She didnt, you know this. In the same manner you know you are retarded and thats why you are calling everyone else idiots. No. You are the puppet. There is no interference here to run... crawl back to bowling green and suck on a ar-15 plz.
Click to expand...

Yes, her or her team brought it up around ~2008.

And "everyone" is hardly represented by this very left leaning forum.
 
You must log in or register to reply here.

TRENDING THREADS

COMPANY
RESOURCES
FOLLOW
Top Bottom