BREAKING: Evidence Trump Committed Criminal Tax Fraud

[ScienceRocks]

BREAKING: Evidence Trump Committed Criminal Tax Fraud
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The Washington Post just ran a breaking story, saying they have substantial evidence that President Donald Trump committed criminal tax fraud. They didn’t treat the story lightly, either.

They found that Trump used a limited liability company to sell two condominium apartments to his son, Eric Trump, at less than market value. Trump sold him the condos for $350,000 a piece, yet just a few months prior to that was listing the price at $790,000 and $800,000, respectively.

Here’s where we get into the interesting details: Since Trump didn’t sell them at fair market value, he should have paid a gift tax on the sale, but he didn’t. How do we know this? Well, President Trump’s tax returns aren’t publicly available (we wonder why) but there’s evidence proving he didn’t.

BREAKING: Evidence Trump Committed Criminal Tax Fraud

Trumps a crook!

 

[The Irish Ram]

WAPO lies.

 

[Snouter]

If only The Donald's tax returns were public so absolute idiots who did not graduate college and have never filled out a 1040EZ form can evaluate them.

 

[AntonToo]

WAPO lies.

about what?

 

[AntonToo]

Trumps a crook!

Bears shit in woods!

 

[Snouter]

The WaPo lies about "Russian meddling" and just about everything in regards to our President.

 

[Norman]

A new, very credible development.

At least they have managed to back down from the Russia rhetoric for a moment.

 

[AntonToo]

The WaPo lies about "Russian meddling" and just about everything in regards to our President.

Flynn was warned by Trump transition officials about contacts with Russian ambassador

Flynn fired shortly after that by Trump - must've been some great WaPo lying!


Here is some more great WaPo lying - full transcript of Trumps call with Mexican Pres:
‘This deal will make me look terrible’: Full transcripts of Trump’s calls with Mexico and Australia

 

[shockedcanadian]

If this is the most criminal they have from a career businessman, I can't wait to see the chapters on other politicians.

The election is over and Trump won, this is what the WP should report. Or the 1.1 million new jobs in the first six months, best of any president in history, including 70,000 manufacturing jobs. Not since the Carter administration has this many manufacturing jobs been created. THAT'S impressive, and he hasn't even dealt with China, Mexico and Canadian job stealing as yet.

 

[AntonToo]

The WaPo lies about "Russian meddling" and just about everything in regards to our President.

Yea, Criminal Tax Fraud would do that for a day or two, but you know Trump is knee deep in all kinds of shit.

 

[AntonToo]

If this is the most criminal they have from a career businessman, I can't wait to see the chapters on other politicians.

The election is over and Trump won, this is what the WP should report. Or the 1.1 million new jobs in the first six months, best of any president in history, including 70,000 manufacturing jobs. Not since the Carter administration has this many manufacturing jobs been created. THAT'S impressive, and he hasn't even dealt with China, Mexico and Canadian job stealing as yet.

Criminal Tax Fraud doesn't care about job growth (which is just in line with 3 year trend and short of Trump's jobs promises)

 

[Wacky Quacky]

If nothing happened to Turbo Tax Geithner for what he did, nothing will happen to Trump.

Not that I think it's right, but that's what will happen.

 

[DarkFury]

Their is no law for selling anything to a family member for less then appraised value!
And the profit margin would not be Trump SR issue either!
The profit margin would fall under capital gains for Jr.

 

[AntonToo]

Their is no law for selling anything to a family member for less then appraised value!

You read English, right?

if Donald Trump sold the apartments to his son’s company for less than fair market value, he needed to file a gift tax return.

If a sale between a parent and child is for fair market value, it does not trigger a gift tax. But if a parent sells two expensive condominiums to his son at a highly discounted price, for example, then the parent makes a taxable gift in part. In that case, the seller must pay a gift tax of up to 40 percent. (In this case, that might have run the president somewhere in the neighborhood of $350,000.)

 

[DarkFury]

Their is no law for selling anything to a family member for less then appraised value!

You read English, right?

if Donald Trump sold the apartments to his son’s company for less than fair market value, he needed to file a gift tax return.

If a sale between a parent and child is for fair market value, it does not trigger a gift tax. But if a parent sells two expensive condominiums to his son at a highly discounted price, for example, then the parent makes a taxable gift in part. In that case, the seller must pay a gift tax of up to 40 percent. (In this case, that might have run the president somewhere in the neighborhood of $350,000.)

Ever heard of a quit claim?

 

[AntonToo]

Their is no law for selling anything to a family member for less then appraised value!

You read English, right?

if Donald Trump sold the apartments to his son’s company for less than fair market value, he needed to file a gift tax return.

If a sale between a parent and child is for fair market value, it does not trigger a gift tax. But if a parent sells two expensive condominiums to his son at a highly discounted price, for example, then the parent makes a taxable gift in part. In that case, the seller must pay a gift tax of up to 40 percent. (In this case, that might have run the president somewhere in the neighborhood of $350,000.)

Ever heard of a quit claim?

Ever heard of beating around the bush? It's what you are doing.

 

[EvilCat Breath]

Wapo will jack off to this over the weekend and by Monday will have invented something else.

 

[Si modo]

Such irresponsible reporting. They don't know anything about his taxes (too fucking bad) and are speculating about what he did or did not do.

Lame.

At least the WaPO put it in the opinion section, so there's that.

An opinion is hardly "breaking", so the OP is an idiot.

 

[AntonToo]

Wapo will jack off to this over the weekend and by Monday will have invented something else.

Like they jacked off to Flynn until Trump fired him

 

[DarkFury]

Their is no law for selling anything to a family member for less then appraised value!

You read English, right?

if Donald Trump sold the apartments to his son’s company for less than fair market value, he needed to file a gift tax return.

If a sale between a parent and child is for fair market value, it does not trigger a gift tax. But if a parent sells two expensive condominiums to his son at a highly discounted price, for example, then the parent makes a taxable gift in part. In that case, the seller must pay a gift tax of up to 40 percent. (In this case, that might have run the president somewhere in the neighborhood of $350,000.)

Ever heard of a quit claim?

Ever heard of beating around the bush? It's what you are doing.

A quit claim allows the buyer to get the land for balance owed.