James Biden doesnt have any documentation for those supposed loans.

[Edgetho]

That’s what we do in this country, no?

Innocent until proven guilty?

Yeah, I mean he's not Trump!

 

[Edgetho]

Worth a look --

https://www.newsmax.com/newsmax-tv/james-comer-joe-biden-impeachment/2024/02/22/id/1154652/

Bank Records, Not Informant, Key to Case​

Democrats have been crowing that the impeachment inquiry into Joe Biden should be closed following the indictment of former FBI informant Alexander Smirnov by the Department of Justice on charges of lying about the president's alleged business dealings with a Ukrainian energy company.

But Rep. James Comer, R-Ky., who is leading the impeachment inquiry, told Newsmax on Thursday that Smirnov was a small piece of the larger investigation into alleged influence peddling and criminal activity by Biden and members of his family.

"He's a micropiece" of the whole puzzle, Comer told "Rob Schmitt Tonight," adding the bank records he obtained during the investigation tell the whole story, and bank records "don't lie."

 

[Marener]

Worth a look --

https://www.newsmax.com/newsmax-tv/james-comer-joe-biden-impeachment/2024/02/22/id/1154652/

Bank Records, Not Informant, Key to Case​

Democrats have been crowing that the impeachment inquiry into Joe Biden should be closed following the indictment of former FBI informant Alexander Smirnov by the Department of Justice on charges of lying about the president's alleged business dealings with a Ukrainian energy company.

But Rep. James Comer, R-Ky., who is leading the impeachment inquiry, told Newsmax on Thursday that Smirnov was a small piece of the larger investigation into alleged influence peddling and criminal activity by Biden and members of his family.

"He's a micropiece" of the whole puzzle, Comer told "Rob Schmitt Tonight," adding the bank records he obtained during the investigation tell the whole story, and bank records "don't lie."

The informant is the only one that actually had any allegations of influence peddling and corruption.

The bank records have no such content.

 

[Godboy]

The interest is where the taxes potentially come in. Why does the loan need to be "reported"?

It needs to be reported because, the IRS wants their cut.

 

[Marener]

It needs to be reported because, the IRS wants their cut.

What cut? A loan is not taxable.

 

[Lesh]

A few thousand maybe. Just rough estimates. Not enough to trigger any filings.

Try $350

 

[Godboy]

What cut? A loan is not taxable.

Yes it is you idiot moron. If its anything over 15k, the IRS gets a cut.

 

[Marener]

Yes it is you idiot moron. If its anything over 15k, the IRS gets a cut.

Can you provide a link to substantiate this claim?

Do Personal Loans Affect Your Tax Return? | Bankrate

If you take out a personal loan, you should know when you need to include it on your taxes.

www.bankrate.com

A loan is not considered taxable income.

 

[Godboy]

Can you provide a link to substantiate this claim?

Do Personal Loans Affect Your Tax Return? | Bankrate

If you take out a personal loan, you should know when you need to include it on your taxes.

www.bankrate.com

A loan is not considered taxable income.

Even if you make gifts to another family member who is not your spouse, a friend, or a business associate, they are not taxable under federal guidelines, until their cumulative value exceeds $15,000 (for 2021).

Eight Things You Should Know About Reporting Gifts To The IRS - HALE BALL MURPHY, PLC

Learn eight things you should know about gift-giving and taxes from experienced and trusted Fairfax, VA tax attorneys. Call today for help.

haleball.com

 

[Seymour Flops]

It's only a $200k loan. No one keeps track of that stuff.

I know right?

My brother once asked me for 230K, 220 he owed various undocumented lending specialists and gaming brokers, and 10K for walking around money.

I’d had a good week at the equestrian sports center so I gave him the cash. Little dumbass started writing an IOU on a cocktail napkin!

Hell, I blew my nose on it. “Fugetaboutit! we’re family, over heah!”

 

[Seymour Flops]

A loan is not considered taxable income.

If documented and NOT after the fact.

 

[Marener]

Even if you make gifts to another family member who is not your spouse, a friend, or a business associate, they are not taxable under federal guidelines, until their cumulative value exceeds $15,000 (for 2021).

Eight Things You Should Know About Reporting Gifts To The IRS - HALE BALL MURPHY, PLC

Learn eight things you should know about gift-giving and taxes from experienced and trusted Fairfax, VA tax attorneys. Call today for help.

haleball.com

The loan is not a gift because it is paid back. The only portion that would be considered a gift is the interest that he didn’t charge. That amount is far less than $15k.

 

[Marener]

If documented and NOT after the fact.

Joe gave Jim $200k and Jim gave Joe $200k back. Looks like a loan to me. I don’t see why you’re so hung up on the “documentation”.

 

[Lesh]

Yes it is you idiot moron. If its anything over 15k, the IRS gets a cut.

A cut of the loan or the interest?

The interest on that loan for two months would have been about $350.

The tax on that would have been $35

Go sit in the corner

 

[Seymour Flops]

Joe gave Jim $200k and Jim gave Joe $200k back. Looks like a loan to me. I don’t see why you’re so hung up on the “documentation”.

How do you know about Joe giving Jim 200K?

It doesn’t seem odd to you that the only payments that are documented are payments to Joe Biden? The suppose payments from Joe Biden that were “loans” are not documented? You are able to swallow that?

 

[Godboy]

The loan is not a gift because it is paid back. The only portion that would be considered a gift is the interest that he didn’t charge. That amount is far less than $15k.

You are right, a loan does not require reporting it to the IRS. How do we know there was a loan? How do we know it wasnt a gift or bribe money even?

 

[Lesh]

You are right, a loan does not require reporting it to the IRS. How do we know there was a loan? How do we know it wasnt a gift or bribe money even?

There is a check for repayment

 

[Marener]

You are right, a loan does not require reporting it to the IRS. How do we know there was a loan? How do we know it wasnt a gift or bribe money even?

How do you know it wasn’t a ransom for the Lindbergh baby!

If all you have is wild speculation, then there’s not much to talk about. You could literally do this with any payment to anyone for anything.

 

[Dadoalex]

Thats an absurd statement. I guess with your theory, every fraudster on Earth can just claim "it was a loan and i have no proof of it".

PRIVATE FAMILY BUSINESS.

but I guess in a MAGAT dictatorship things live privacy aren't valued anymore.

BTW...
It's not up to Joe or James to "prove" it was a loan.
It's up to Comer and hos moronic tribe to prove it wasn't.
Which,may I add makes me

 

[Marener]

PRIVATE FAMILY BUSINESS.

but I guess in a MAGAT dictatorship things live privacy aren't valued anymore.

BTW...
It's not up to Joe or James to "prove" it was a loan.
It's up to Comer and hos moronic tribe to prove it wasn't.
Which,may I add makes me

View attachment 907186

Image going through every payment to any of Trump‘s businesses and making him prove it wasn’t a bribe.

It’s absurd.