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

Discussion in 'News & Current Events' started by Baptist Believer, Oct 3, 2018.

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  1. 777

    777 Well-Known Member
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    Yeah, either Rosie has flipped or Trump is just waiting until after the midterms to get rid of him and maybe Jeff Flake. He's not going to make that yuge of a glaring mistake.
     
    #101 777, Oct 8, 2018
  2. Squire Robertsson

    Squire Robertsson Administrator
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    The 10/6 WSJ has an op-ed essay on this topic. I will write up the highlights later. As the article is behind a paywall by now.
     
    #102 Squire Robertsson, Oct 8, 2018
  3. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    How does a president get rid of a senior? Assignation?
     
    #103 Earth Wind and Fire, Oct 9, 2018
  4. kyredneck

    kyredneck Well-Known Member
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    Lol, the plot thickens:

    Comey Confidant James Baker Throws Rosenstein Under the Bus – Tells Congress His Plot to Oust Trump Was NOT A JOKE

    "...Baker told Congress last week that his boss — then-Acting FBI Director Andrew McCabe — was dead serious about the idea of surreptitiously recording the 45th president and using the evidence to make the case that Trump should be removed from office, according to my sources.

    Baker told lawmakers he wasn’t in the meeting that McCabe had with Deputy Attorney General Rod Rosenstein in which the subject came up. But he did have firsthand conversations with McCabe and the FBI lawyer assigned to McCabe, Lisa Page, about the issue.

    “As far as Baker was concerned, this was a real plan being discussed,” said a source directly familiar with the congressional investigation. “It was no laughing matter for the FBI.”

    Word of Baker’s testimony surfaces just days before Rosenstein is set to be interviewed in private on Thursday by House Judiciary Committee lawmakers.

    “You walk away from the Baker interview with little doubt that the FBI leadership in that 2016-17 time-frame saw itself as far more than a neutral investigative agency but actually as a force to stop Trump’s election before it happened and then maybe reversing it after the election was over,” said a source directly familiar with the congressional investigation...."
     
    #104 kyredneck, Oct 9, 2018
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  5. RighteousnessTemperance&

    RighteousnessTemperance& Well-Known Member

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    Possibly, but Baker’s testimony here regarding Rosenstein amounts to hearsay, maybe smear. They’ll need more than that.
     
    #105 RighteousnessTemperance&, Oct 9, 2018
  6. kyredneck

    kyredneck Well-Known Member
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    Right.

    They're beginning to turn on each other.

    And I've no doubt Trump will use it to his advantage.
     
    #106 kyredneck, Oct 9, 2018
  7. MsGuidedAngel

    MsGuidedAngel Member
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    The New York Times are all Extreme Left-wing Liberal's!!

    I like the New York Post better as they are conservative!!

    I get most of my news from OAN News Network on YouTube!!

    I do not worry, as Our ONE True GOD the HEAVENLY FATHER who art in Heaven Above CONTROL'S the WEATHER ( UNIVERSE ) and the EARTH from HEAVEN ABOVE with HIS SON Christ-MESSIAH Jesus-Yeshua for Today and Everyday Forevermore Everyone!!

    Love Always and Shalom ( Peace ), YSIC \o/

    Kristi Ann
     
    #107 MsGuidedAngel, Oct 10, 2018
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  8. kyredneck

    kyredneck Well-Known Member
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    AGREE!

    AGREE!

    I stumbled upon One America News (OAN) network 3-4 months ago and basically keep it on the TV thru the day when I'm working around the place. It's real news! Pure and simple. Per Rand Paul [0:39 - 1:15]:

     
    #108 kyredneck, Oct 10, 2018
    Last edited: Oct 10, 2018
  9. Squire Robertsson

    Squire Robertsson Administrator
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    Here are some highlights of the essay. For the full piece, I suggest your local public library if you don't have access to a subscription.
    • The headline:
      • Dogs Bite Men and Trumps Duck Taxes
        Nobody hands over 55% of his life’s work to the IRS. The real revelation is dad’s role in the Trump myth
    • SNIP the most interesting revelation is one the Times buries—the astonishing degree to which father Fred Trump patiently financed and strategically connived in the creation of what the paper calls the “Donald Trump myth.” Think Joseph P. Kennedy.
    • SNIP Mr. Trump and his sire are nothing new under the sun. Nobody in their right mind from the compulsive accumulator class pays the punitive federal estate tax. From an early age, such people make sure their lifetime achievements are not sucked up and splattered away in 15 seconds of federal spending.
    • SNIP Bill Gates, Jeff Bezos and Mark Zuckerberg, all apparently in the pink of health, have been working for years to shield their assets from the taxman.
    • Because politicians find it useful to appease both the envious and the wealthy, the IRS code features both an estate tax and ways to avoid it.
      • A loophole the Times accuses the Trumps of using is a so-called grantor-retained annuity trust, described as “one of the tax code’s great gifts to the ultrawealthy.”
      • Unsurprisingly, it also happens to be a favorite of the Sulzberger family, which owns the New York Times.
    • Show me a wealthy entrepreneur whose family paid the death tax of 55% (now 40%) and I will show you an entrepreneur who died unexpectedly.
    • The Times now finds illegal many Trump Senior dodges that in the 1990s passed IRS muster or escaped IRS notice and have been effectively rendered legal (at least for criminal purposes) by the statute of limitations.
    • This is not the place to debate the merits of an estate tax. Wikipedia has a rundown of ingenious pro-tax arguments by recognized academic experts such as the University of Michigan’s Joel Slemrod.
    Please note the WSJ's embedded links.
     
    #109 Squire Robertsson, Oct 11, 2018
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  10. Revmitchell

    Revmitchell Well-Known Member
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    This hit piiece, and that is what this is, is big on claims but short on any real evidence. It makes suggestions of illegal and or improper tax evasion based on what? No one is going to just give their hard earned money away to the IRS without working to keep as much of your own hard earned money yourself. This article is not a good read it is nothing more than a cheap shots and innuendo.

    The Trumps found a way to avoid paying taxes. Good for them.
     
    #110 Revmitchell, Oct 11, 2018
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  11. Squire Robertsson

    Squire Robertsson Administrator
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    Mitch, did you read through the highlights I posted?
     
    #111 Squire Robertsson, Oct 11, 2018
  12. Revmitchell

    Revmitchell Well-Known Member
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    I have now, did you notice the ridiculous characterizations of what the Trumps did as well as the statements full of innuendo?
     
    #112 Revmitchell, Oct 11, 2018
  13. Squire Robertsson

    Squire Robertsson Administrator
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    By the Times or the WSJ?
     
    #113 Squire Robertsson, Oct 11, 2018
  14. Revmitchell

    Revmitchell Well-Known Member
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    The Times
     
    #114 Revmitchell, Oct 11, 2018
  15. Squire Robertsson

    Squire Robertsson Administrator
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    I don't bother reading the Times. I get my national and international news from other sources. And I have little to no interest in the local news of NYC and the East Coast. I subscribe to the WSJ. So, I read the op-ed piece just in the course of life. I didn't go looking for it.
     
    #115 Squire Robertsson, Oct 11, 2018
    Last edited: Oct 12, 2018
  16. Baptist Believer

    Baptist Believer Well-Known Member
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    So, essentially, the Wall Street Journal confirms the main thrust of the NY Times story:

    (1) Fred Trump, Sr., helped create the myth of the self-made financial genius Donald Trump.
    (2) Donald Trump has used that myth as his prime credential for the Presidency.
    (3) The statute of limitations has passed for criminal charges, but the IRS and the State of New York could pursue civil penalties.
     
    #116 Baptist Believer, Oct 12, 2018
  17. Squire Robertsson

    Squire Robertsson Administrator
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    You seem to have missed the main thrust of the WSJ article. The Trumps have done nothing that other is their same situation haven't done. If the tax people go after the Trumps, then they need to go after a boatload of other people who have structured their finances in the same ways.
     
    #117 Squire Robertsson, Oct 12, 2018
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  18. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    cranial trephining ... :Wink
     
    #118 Earth Wind and Fire, Oct 12, 2018
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  19. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    Tell that to Al Capone
     
    #119 Earth Wind and Fire, Oct 12, 2018
  20. Squire Robertsson

    Squire Robertsson Administrator
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    The Feds got Capone well within the statute of limitations. Also, Capone didn't use the legal loopholes available the Trumps and other of their class.
     
    #120 Squire Robertsson, Oct 12, 2018
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