The Tax Case Against Donald Trump

[Toddsterpatriot]

The problem is how it was characterized:

Those payments, totaling $747,622, 'exactly matched consulting fees claimed as tax deductions by the Trump Organization

The Trump organization wrote it off as consulting fees, which they were not. They were a gift, as Ivanka didn't actually do any actual consulting.

Why is that a problem? Ivanka pays tax on the fee, the Trump Organization deducts the fee.
No tax impact on the government at all.

 

[Toddsterpatriot]

That means the Trump organization took an illegal deduction of $747,597

Ivanka paid the tax on $747,597.

 

[Toddsterpatriot]

Because bribes, kick-backs, and other illegal payments aren't deductible.

Salary and consulting fees are deductible,

 

[Toddsterpatriot]

I didn't say otherwise. I suggest you read the article again. They did not report that compensation as pay to Ivanka.

Someone was discussing income and consulting fees paid to Ivanka.
Claiming you can't do both. Incorrectly.

 

[Fort Fun Indiana]

Why is that a problem?

Apparently because it's a felony.

 

[meaner gene]

The problem is how it was characterized:

Those payments, totaling $747,622, 'exactly matched consulting fees claimed as tax deductions by the Trump Organization

The Trump organization wrote it off as consulting fees, which they were not. They were a gift, as Ivanka didn't actually do any actual consulting.

Why is that a problem? Ivanka pays tax on the fee, the Trump Organization deducts the fee.
No tax impact on the government at all.

If Ivanka didn't actually performed consulting work, then it wasn't a salary, but a gift.
And a business is only allowed to write off the first $25 of a gift. Trump inc wrote off $747,597 they were not allowed to.

They owe tax on 3/4 of a million.

 

[Fort Fun Indiana]

Claiming you can't do both.

Sure you can do both. What the article describes is illegal. These two statements can both be true.

 

[progressive hunter]

The two oldest trump boys admitted guilt when they made the statement everyone dodges taxes and it's not a big deal.

It is a big deal. Especially to the amount they didn't pay.

It's disgusting to see people who have the money to pay taxes but go out of their way and commit crimes to not pay their share in taxes.

I hope all those involved are hit with HUGE fines and put in prison.

Don Jr. and Eric Trump: People Dodge Taxes All the Time, It’s Not a Big Deal

The Trump boys think the amount of money Allen Weisselberg allegedly hid from the IRS is chump change no one should care about.

www.vanityfair.com

maybe if there werent so many people not paying any taxs, the rich that pay more than their fair share wouldnt try avoiding them when they can,,

its every americans responsibility to pay as little as possible,,, starve the beast and let it die,,

Which rich pay more than their fair share?

most of them,, more so sense half the population pay nothing in income tax and a portion of them get more than they paid in,,

anymore stupid questions you would like to ask me??

Unfortunately, it looks like even ”stupid questions” stump you.

Either that or you a liar.

Remember The 47 Percent Who Pay No Income Taxes? They Are Not Who You Think.

A close look at the 47 percent who pay no federal income tax finds that few are off the rolls for very long, and that many are either very old, very poor, or both.

www.forbes.com

meanwhile

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.

www.propublica.org

So what is a fair share?

a fair share is when everyone pays the same,,,

right not the minority pay the majority of taxs,,

The same amount or the same proportion?

How is “fair” when the impact is much harsher on the low wage worker than the wealthy?

choose one, both are off balance and not fair,,,

you mean the low wage worker that pays nothing in income taxs???

Either way would disproportionately affect the low wage worker. The amount for a wealthy person, would come out of discretionary spending. The same amount for a poor person, would come out of necessities: food, utilities, housing.

I assume we are arguing a progressive tax rate vs a flat tax rate?

the low wage worker doesnt pay anything, so how does it effect him???

The minimum taxable individual income is 12,400...that is really low. Poverty level for a single person is 12,760. For a family, it is higher. That means there are a lot of low workers trying to support a family on very little and paying income tax.

How about all those rich people paying nothing?

youre leaving out the tax credits they get,,

so they are just not paying their fair share,, they arent paying anything and get back extra,,

What tax credits?

the ones only poor people get,,

 

[Toddsterpatriot]

Why is that a problem?

Apparently because it's a felony.

Deducting employee compensation is not a felony.
Deducting consultant compensation is not a felony.

 

[Toddsterpatriot]

And a business is only allowed to write off the first $25 of a gift.

A gift, like a bottle of booze or a pair of concert tickets, has limited deductibility
and is tax free to the recipient.
A consulting fee is totally deductible to the payor and totally taxable to the recipient.

 

[Fort Fun Indiana]

Why is that a problem?

Apparently because it's a felony.

Deducting employee compensation is not a felony.
Deducting consultant compensation is not a felony.

Okay.

 

[Toddsterpatriot]

Claiming you can't do both.

Sure you can do both. What the article describes is illegal. These two statements can both be true.

What the article describes is illegal.

Those payments, totaling $747,622, 'exactly matched consulting fees claimed as tax deductions by the Trump Organization

The above claim in the article is not illegal.

 

[Fort Fun Indiana]

Claiming you can't do both.

Sure you can do both. What the article describes is illegal. These two statements can both be true.

What the article describes is illegal.

Those payments, totaling $747,622, 'exactly matched consulting fees claimed as tax deductions by the Trump Organization

The above claim in the article is not illegal.

Right, out of context, it isn't.

In the context she was a full time employee and executive at the properties that paid the consultancy fees, and they did so to an LLC owned by her, which then paid all the money to her, is fraud. They don't get to plead stupidity on that one.

 

[meaner gene]

Deducting employee compensation is not a felony.
Deducting consultant compensation is not a felony.

Correct. But you can't deduct a gift by calling it employee or consultant compensation.

 

[Toddsterpatriot]

In the context she was a full time employee and executive at the properties that paid the consultancy fees,

Which is legal.

and they did so to an LLC owned by her, which then paid all the money to her,

As long as she paid taxes on the income from the LLC, that's also legal.

 

[Toddsterpatriot]

Deducting employee compensation is not a felony.
Deducting consultant compensation is not a felony.

Correct. But you can't deduct a gift by calling it employee or consultant compensation.

If you can prove it's a gift and not a consultant fee, you'd have a point.

 

[Fort Fun Indiana]

In the context she was a full time employee and executive at the properties that paid the consultancy fees,

Which is legal.

and they did so to an LLC owned by her, which then paid all the money to her,

As long as she paid taxes on the income from the LLC, that's also legal.

Not when the services weren't actually rendered and the intent is to deceive and to avoid taxes. Which is what Weisselberg is charged with doing. It helps that they kept that second, internal set of books. Those criminals sure don't trust each other very much, eh? Whoops.

 

[meaner gene]

In the context she was a full time employee and executive at the properties that paid the consultancy fees,

and they did so to an LLC owned by her, which then paid all the money to her,

This is no different from the Mafia telling a company they had to give their friend a no-show job, and pay him $200,000 a year.

Businesses don't get to write off those payments as a salary.

 

[meaner gene]

Correct. But you can't deduct a gift by calling it employee or consultant compensation.

If you can prove it's a gift and not a consultant fee, you'd have a point.

If you can't show what the person did to earn that salary, it becomes a gift.

 

[Clipper]

Dear old Dad Trump raised his offspring to be criminal grifters just like he is. Nice guy.

"Hire family, they won't talk".