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.
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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Squire Robertsson AdministratorAdministrator
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.
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Earth Wind and Fire Well-Known MemberSite Supporter
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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...." -
RighteousnessTemperance& Well-Known Member
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They're beginning to turn on each other.
And I've no doubt Trump will use it to his advantage. -
MsGuidedAngel MemberSite Supporter
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 -
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Squire Robertsson AdministratorAdministrator
- 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
- Dogs Bite Men and Trumps Duck Taxes
- 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.
- The headline:
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Revmitchell Well-Known MemberSite Supporter
The Trumps found a way to avoid paying taxes. Good for them. -
Squire Robertsson AdministratorAdministrator
Mitch, did you read through the highlights I posted?
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Revmitchell Well-Known MemberSite Supporter
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Squire Robertsson AdministratorAdministrator
By the Times or the WSJ?
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Revmitchell Well-Known MemberSite Supporter
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Squire Robertsson AdministratorAdministrator
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.
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Baptist Believer Well-Known MemberSite Supporter
(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. -
Squire Robertsson AdministratorAdministrator
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.
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Earth Wind and Fire Well-Known MemberSite Supporter
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Earth Wind and Fire Well-Known MemberSite Supporter
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Squire Robertsson AdministratorAdministrator
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.
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