Tax Return Brings Up HUGE Questions re: Trump Directing Income to his Charity

[kerouac2]

"Trump often instructs business partners to direct money they owe him to his tax-exempt foundation instead. It appears that the mogul used this scheme to avoid paying taxes on portions of his income..."

http://nymag.com/daily/intelligencer/2016/09/trump-directed-millions-in-fees-to-his-tax-exempt-charity.html
Trump Directed $2.3 Million in Personal Fees to His Tax-Exempt Charity

How would the extra income have affected his federal income taxes, and how would it have affected the billion dollar write off from the '95 tax return he's been milking for 18 years?

Also, he started the Trump Foundation in '88. Has anyone seen those tax returns? Did he start the "charity" just so he could direct income to it and avoid/lower his income taxes?

Has be been benefiting from massive losses from his massive failures (using OPM) all of these years?

[Lucinda]

1. Yep. People are starting to gather up all the pieces and put it together now.

[PJMcK]

3. It's about time, isn't it?

I find it remarkable that none of the Republicans did any research on Donald Trump during their primaries. Neither did the media.

Now, the media is trying to play catch-up with only a month until the election.

Ah, well. All that matters is that Donald Trump is soundly defeated on November 8th.

[Lucinda]

8. I think they seriously misjudged the monster they had created with the alt-right

and how much their base had been willing to jump ship. Talk about reaping what they sowed!

[politicaljunkie41910]

4. I was surprised by how many media people have resorted to calling Trump a liar this weekend.

They are calling out his lies, and stopping his surrogates in their tracks when they are trying to ram their talking points down the show hosts throats. I said to myself. Well lot at that, it seems like everyone in media suddenly grew a spine overnight. They were cutting Trumps folks off this morning and not letting them just go on and on and they were specifically calling Trumps lies, LIES.

[Lucinda]

7. That is sooo good to hear!

And long overdue. I cant watch the news shows...makes my rickety health issues much worse. I even have to read transcripts before I can watch replays. As long as they are finally calling the lies out, I'm happy!

[Madam45for2923]

2. He steals from taxpayers/ small contractors/small businesses/wedding caterer/models/

campaign workers/baby nephew that needed medical care/foundation donors/campaign donations/Sep/11funds/...

[avebury]

5. And then he used the Trump Foundation as his personal

piggy bank.

[wishstar]

6. When 15 years ended where he could offset loss, he avoided tax by funneling payments to Foundation

For instance the $400,000 Comedy Central payment was in 2011 and the $500,000 NBC payment was in 2013 that went to the Foundation rather than to him personally. He wouldn't have been able to apply his 1995 loss anymore so he was seeking to avoid taxes by directing payments to the Foundation rather than directly to him.

[KewlKat]

9. I only found 2014 back to 2001 online. Previous years would have to be obtained by

using the Freedom on Information Law (FOIL) process, so it says. The 2001 does show carryover funds dating back to 1996.

1996 - 58,399
1997 - 80,110
1998 - 214,406
1999 - 160,119
2000 - 169,776

So he was not depleting his account as he does pretty much now.]

Documents listed above include the most commonly requested filings received by the Charities Bureau from the specified registrant. Listed documents that were received on or after November 13, 2006 are available for online viewing by clicking on the appropriate link. Listed documents received prior to November 13, 2006 and other filings made by the registrant are available by utilizing this agency's Freedom of Information Law (FOIL) process.

Private foundations that have filed Internal revenue Service form 990-PF may also have filed a list of contributors and the amounts of their contributions (Schedule B to the 990-PF). A copy of such a list may also be requested through the Freedom of Information Law (FOIL) process.