Scott Posted December 23, 2022 Share Posted December 23, 2022 An entire office of tax experts has been quietly studying former President Donald Trump’s still-unreleased tax returns for weeks and produced a report showing he paid little or no federal income tax while in office. Though not well known outside tax circles, the Joint Committee on Taxation is Congress’ brain on tax issues, and the House Ways and Means Committee turned to the nonpartisan agency for help deciphering Trump’s exceedingly complicating filings. Since late last month, JCT has been poring over documents behind closed doors and says in a report released this week by Democrats that there are multiple issues that the IRS should be examining. https://www.politico.com/news/2022/12/22/red-flags-trump-taxes-00075198 Link to comment Share on other sites More sharing options...
Popular Post Chomper Higgot Posted December 23, 2022 Popular Post Share Posted December 23, 2022 There’s a surprise… only five red flags. 3 2 Link to comment Share on other sites More sharing options...
Popular Post ozimoron Posted December 23, 2022 Popular Post Share Posted December 23, 2022 5 minutes ago, Chomper Higgot said: There’s a surprise… only five red flags. It appears that "Trump did nothing wrong" may not age well. 1 2 Link to comment Share on other sites More sharing options...
riclag Posted December 23, 2022 Share Posted December 23, 2022 (edited) No surprise ! A article from a few years ago. Complicated! who wants to pay taxes when there are so many accountants willing to find legal ways to avoid them ! “These are eye-popping revelations, but most people won’t wade through the details, which are complicated as hell. And even the Times doesn’t claim that Trump broke any laws. He took advantage of a labrynth of legal deductions that are available to people who traffic in real estate and investments--unfairly, in my view, but that’s the system approved by Congress. https://www.foxnews.com/media/new-york-times-and-trump-taxes-why-its-not-a-campaign-bombshell Edited December 23, 2022 by riclag 1 1 Link to comment Share on other sites More sharing options...
Popular Post Tug Posted December 23, 2022 Popular Post Share Posted December 23, 2022 He’s a dirty little con man and the one year he paid taxes was when he sold some of daddy’s assets some business man!not!lock him up! 3 Link to comment Share on other sites More sharing options...
ozimoron Posted December 23, 2022 Share Posted December 23, 2022 (edited) 1 minute ago, Tug said: He’s a dirty little con man and the one year he paid taxes was when he sold some of daddy’s assets some business man!not!lock him up! I disagree, he's not little. Except for his hands. Edited December 23, 2022 by ozimoron 1 1 Link to comment Share on other sites More sharing options...
Chomper Higgot Posted December 23, 2022 Share Posted December 23, 2022 7 hours ago, riclag said: No surprise ! A article from a few years ago. Complicated! who wants to pay taxes when there are so many accountants willing to find legal ways to avoid them ! “These are eye-popping revelations, but most people won’t wade through the details, which are complicated as hell. And even the Times doesn’t claim that Trump broke any laws. He took advantage of a labrynth of legal deductions that are available to people who traffic in real estate and investments--unfairly, in my view, but that’s the system approved by Congress. https://www.foxnews.com/media/new-york-times-and-trump-taxes-why-its-not-a-campaign-bombshell Unfortunately for Trump, and your argument, tax evasion is simple to understand and explain. The DOJ have people who understand this stuff. 1 Link to comment Share on other sites More sharing options...
placeholder Posted December 24, 2022 Share Posted December 24, 2022 9 hours ago, riclag said: No surprise ! A article from a few years ago. Complicated! who wants to pay taxes when there are so many accountants willing to find legal ways to avoid them ! “These are eye-popping revelations, but most people won’t wade through the details, which are complicated as hell. And even the Times doesn’t claim that Trump broke any laws. He took advantage of a labrynth of legal deductions that are available to people who traffic in real estate and investments--unfairly, in my view, but that’s the system approved by Congress. https://www.foxnews.com/media/new-york-times-and-trump-taxes-why-its-not-a-campaign-bombshell As the multiple convictions of the Trump Organization show, having accountants doesn't mean that the law isn't being violated. 1 1 Link to comment Share on other sites More sharing options...
ozimoron Posted December 24, 2022 Share Posted December 24, 2022 9 hours ago, riclag said: No surprise ! A article from a few years ago. Complicated! who wants to pay taxes when there are so many accountants willing to find legal ways to avoid them ! “These are eye-popping revelations, but most people won’t wade through the details, which are complicated as hell. And even the Times doesn’t claim that Trump broke any laws. He took advantage of a labrynth of legal deductions that are available to people who traffic in real estate and investments--unfairly, in my view, but that’s the system approved by Congress. https://www.foxnews.com/media/new-york-times-and-trump-taxes-why-its-not-a-campaign-bombshell That was "a few years ago". Now it's become a campaign bombshell. Regardless of any laws Trump may or may not have broken the voters will decide. At that time there had been no audits of Trump's taxes conducted anyway so Fox had no clue. Link to comment Share on other sites More sharing options...
thaibeachlovers Posted December 25, 2022 Share Posted December 25, 2022 My prediction- it'll come to nothing, just like all the rest over past 6 years. Trump has been audited by the IRS already and they found nothing illegal to prosecute him over. One more nothing burger to add to the list of failed attempts. 2 Link to comment Share on other sites More sharing options...
Popular Post ozimoron Posted December 25, 2022 Popular Post Share Posted December 25, 2022 1 minute ago, thaibeachlovers said: My prediction- it'll come to nothing, just like all the rest over past 6 years. Trump has been audited by the IRS already and they found nothing illegal to prosecute him over. One more nothing burger to add to the list of failed attempts. You're not keeping up. Trump was only audited for 2019 after the committee requested his tax returns. The House just passed a bill to codify the already mandated (by regulation) aiduts of any president into law. The next Trump appointee to get charged will be the the one who failed to conduct those mandatory audits. I forget his name and couldn't be bothered to look it up. 3 Link to comment Share on other sites More sharing options...
Chomper Higgot Posted December 25, 2022 Share Posted December 25, 2022 3 minutes ago, thaibeachlovers said: My prediction- it'll come to nothing, just like all the rest over past 6 years. Trump has been audited by the IRS already and they found nothing illegal to prosecute him over. One more nothing burger to add to the list of failed attempts. Pinned 1 1 Link to comment Share on other sites More sharing options...
Credo Posted December 25, 2022 Share Posted December 25, 2022 The IRS is primarily interested in getting their money. They are less interested in prosecuting people. Link to comment Share on other sites More sharing options...
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