Spare_change
Gold Member
- Jun 27, 2011
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Pure uneducated nonsense.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 whole accusation is based on a false assumption - simply that the difference between value and sale price must be considered a "gift", and thus subject to tax. This is patently false and a gross misrepresentation of tax law.
It's nothing more than a ploy to get Trump to release his tax returns - and, frankly, a pretty amateurish attempt, at that.
More fake news.