2016 Postmortem
Related: About this forumTrump Foundation=ILLEGAL TAX DODGING SCHEME.
It's emerging from many reports that companies like NBC/Universal etc made 'donations' to Trump's foundation in lieu of payments to Trump himself for business activities.
Ordinarily, that would mean Trump would have to report that as income, then take a corresponding charitable deduction.
Maybe he did that, maybe he just considered them to be third party donations with no tax consequences for him.
That would seem to be a six of one, half dozen of the other type of thing. No big deal.
Except, he then used the Foundation as a slush fund to pay for personal or business expenses.
The entire point of the Trump Foundation isn't to steal from donors--it's to help him divert his income into payments for his own personal and businesses' benefit without paying taxes on the income.
So, either he committed tax fraud by either (a) not declaring the income properly or (b) falsely claiming his shuffling of funds through his slush fund as a deduction.
Either way, TAX FRAUD.
Wellstone ruled
(34,661 posts)Rethug committee Chair People are burning up the phone lines to prevent this coming to light.
geek tragedy
(68,868 posts)even without the tax returns
bettyellen
(47,209 posts)geek tragedy
(68,868 posts)the prima facie case is that he's a tax cheat, possibly at the criminal level
Wellstone ruled
(34,661 posts)the IRS head. Something is going down,they did not go after certain so called Right Wing Groups unless their was evidence of miss doing.
geek tragedy
(68,868 posts)Abolishing the IRS is one surefire way to gain traction in a GOP primary.
Wellstone ruled
(34,661 posts)The Right Wing Politicians would not get a pay check. Buckley used to wail against the IRS and it continues today. Every see a Rethug not like a Fee. Same crapola.
rateyes
(17,438 posts)a charitable donation, too! Yet, we are supposed to believe that Lester Holt will be fair and ask Trump about this at the first debate?
geek tragedy
(68,868 posts)rateyes
(17,438 posts)a business expense, then Trump is really screwed. But, I doubt they did since it was a check to a non-profit.