Striper Talk Striped Bass Fishing, Surfcasting, Boating

     

Left Nav S-B Home Register FAQ Members List S-B on Facebook Arcade WEAX Tides Buoys Calendar Search Today's Posts Mark Forums Read Right Nav

Left Container Right Container
 

Go Back   Striper Talk Striped Bass Fishing, Surfcasting, Boating » Striper Chat - Discuss stuff other than fishing ~ The Scuppers and Political talk » Political Threads

Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
Thread Tools Rate Thread Display Modes
Old 10-16-2019, 06:54 AM   #1
Pete F.
Canceled
 
Join Date: Jun 2003
Location: vt
Posts: 13,065
Two sets of books

This is exactly what anyone with half a brain would’ve expected Trump’s tax returns to reveal: massive financial fraud, stealing from the US Treasury and from private lenders alike. Stay tuned for more felonies!

https://www.propublica.org/article/t...mpression=true

Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!

Niles: You have met “people”, haven’t you?

Lets Go Darwin
Pete F. is offline  
Old 10-16-2019, 07:04 AM   #2
scottw
Registered User
iTrader: (0)
 
scottw's Avatar
 
Join Date: Nov 2007
Posts: 12,632
geez...the IRS must be doing a terrible job
scottw is offline  
Old 10-16-2019, 07:20 AM   #3
Pete F.
Canceled
 
Join Date: Jun 2003
Location: vt
Posts: 13,065
Quote:
Originally Posted by scottw View Post
geez...the IRS must be doing a terrible job
Audits and criminal referrals are down sharply since Congress cut the tax agency’s budget and management changed priorities.
Posted from my iPhone/Mobile device

Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!

Niles: You have met “people”, haven’t you?

Lets Go Darwin
Pete F. is offline  
Old 10-16-2019, 08:27 AM   #4
PaulS
Registered User
iTrader: (0)
 
PaulS's Avatar
 
Join Date: Jul 2004
Posts: 10,188
Quote:
Originally Posted by Pete F. View Post
Audits and criminal referrals are down sharply since Congress cut the tax agency’s budget and management changed priorities.
Posted from my iPhone/Mobile device
Cohen has been saying this for a while.

A good way to increase tax revenue is to increase the # of audits. let everyone pay what they are supposed to.
PaulS is offline  
Old 10-16-2019, 03:19 PM   #5
Sea Dangles
Registered User
iTrader: (0)
 
Sea Dangles's Avatar
 
Join Date: Dec 2002
Posts: 8,718
Oh good,another gotcha credited to PeteF.!
Posted from my iPhone/Mobile device
Sea Dangles is offline  
Old 10-16-2019, 05:21 PM   #6
Got Stripers
Ledge Runner Baits
iTrader: (0)
 
Got Stripers's Avatar
 
Join Date: Oct 2000
Location: I live in a house, but my soul is at sea.
Posts: 8,379
Follow the money, between that, his nut job attorney Rudy and all the good people defying the White House to testify on the depth and breadth of this Ukraine crap; the corruption is becoming pretty clear.
Posted from my iPhone/Mobile device
Got Stripers is offline  
Old 10-16-2019, 06:07 PM   #7
Sea Dangles
Registered User
iTrader: (0)
 
Sea Dangles's Avatar
 
Join Date: Dec 2002
Posts: 8,718
Well that’s good for your cause. Good luck!
Posted from my iPhone/Mobile device
Sea Dangles is offline  
Old 10-16-2019, 06:19 PM   #8
Got Stripers
Ledge Runner Baits
iTrader: (0)
 
Got Stripers's Avatar
 
Join Date: Oct 2000
Location: I live in a house, but my soul is at sea.
Posts: 8,379
Oh I’m not the one needing luck, I think all the presidents men are getting a bit nervous.
Posted from my iPhone/Mobile device
Got Stripers is offline  
Old 10-16-2019, 08:22 PM   #9
Sea Dangles
Registered User
iTrader: (0)
 
Sea Dangles's Avatar
 
Join Date: Dec 2002
Posts: 8,718
Quote:
Originally Posted by Got Stripers View Post
Oh I’m not the one needing luck, I think all the presidents men are getting a bit nervous.
Posted from my iPhone/Mobile device
Well,if you are thinking that it must be true. Good for you!
Posted from my iPhone/Mobile device

PRO CHOICE REPUBLICAN
Sea Dangles is offline  
Old 10-16-2019, 09:24 PM   #10
Nebe
Registered User
iTrader: (0)
 
Nebe's Avatar
 
Join Date: Sep 2003
Location: Libtardia
Posts: 21,551
Maybe trump can share a jail cell with Madoff ??
Posted from my iPhone/Mobile device
Nebe is offline  
Old 10-17-2019, 01:58 AM   #11
Pete F.
Canceled
 
Join Date: Jun 2003
Location: vt
Posts: 13,065
Following in the footsteps of another famous NYC hotelier, Leona Helmsley, who was sentenced to 19 years in jail for assorted tax charges.

“We don't pay taxes. Only the little people pay taxes.“
Posted from my iPhone/Mobile device
Pete F. is offline  
Old 10-17-2019, 06:57 AM   #12
Sea Dangles
Registered User
iTrader: (0)
 
Sea Dangles's Avatar
 
Join Date: Dec 2002
Posts: 8,718
It must be the hotels.🤡
Posted from my iPhone/Mobile device
Sea Dangles is offline  
Old 10-17-2019, 07:04 AM   #13
scottw
Registered User
iTrader: (0)
 
scottw's Avatar
 
Join Date: Nov 2007
Posts: 12,632
Quote:
Originally Posted by Pete F. View Post

“We don't pay taxes. Only the little people pay taxes.“

Posted from my iPhone/Mobile device
actually, the little people don't pay much in taxes
scottw is offline  
Old 07-02-2021, 09:48 AM   #14
Pete F.
Canceled
 
Join Date: Jun 2003
Location: vt
Posts: 13,065
Hard to argue "I didn't understand the tax laws" when you said "I know our complex tax laws better than anyone"

The Manhattan DA charged Allen Weisselberg and two entities that are commonly referred to as the "Trump Organization" with a tax fraud scheme spanning from 2005 to the present.

The scheme at issue here is very simple. The Trump Organization paid money (in the form of rent, tuition, cars, and other items) to executives under the table and hid those payments from tax authorities. This is a common tax scheme that any jury could get its head around.

The indictment contains details demonstrating that the scheme was orchestrated and deliberate. It will be very hard for Weisselberg or the Trump Org to claim they didn't know what they were doing. Perhaps that's why the Trump Org's statement did not deny wrongdoing.

The amount of money at issue is also larger than previously reported. The scheme involved $1.76 million in compensation and resulted in avoiding payment of $556,385 in federal taxes, $106,568 in state taxes, and $238,159 in NYC taxes.
On top of that, Weisselberg received $94,902 in federal tax refunds and $38,222 in state tax refunds. A jury won't like Weisselberg receiving taxpayer money that he wasn't entitled to. It is true this isn't a large case, as tax cases go, to a jury this is a lot of money.
It is also substantial enough of a case that a prison sentence for Weisselberg is likely. So for Weisselberg, the calculus will be whether it's worth challenging the evidence at trial. Usually the answer is "yes," but the evidence against him is strong. Trial won't be easy.

For example, the Trump Organization paid rent on a lease on a Manhattan apartment for Weisselberg and his wife and didn't withhold income taxes on this extra income. Weisselberg himself signed the checks to pay for the lease! It will be hard for him to claim he didn't know.

The Trump Org reduced Weisselberg's direct income to account for this additional indirect income, which demonstrates that the company knew it was income. The only reason for Weisselberg or the company to pay him indirectly was to do it "off the books" and avoid paying taxes.
The indictment also alleges that Weisselberg concealed his status as a NYC resident until 2013 with the help of the Trump Organization to avoid NYC taxes.

The scheme also involved Donald Trump writing personal checks to pay for private school for Weisselberg's relatives.
Weisselberg and his wife also allegedly received leases for Mercedes-Benz automobiles for him and his wife. It goes without saying that this will be a challenging case to try before a jury.
Weisselberg is a wealthy man who lived a lavish lifestyle, but hid that he was a NYC resident and structured his income to hide it from the tax authorities. A very difficult case to try for a defense lawyer. So Weisselberg is in a tough spot. Eat a year in prison, or flip?

Certainly an indictment is just the government's allegations, and doesn't tell the full story. But on some of these points, the documents and numbers are what they are. The issue in tax cases is typically proving the defendant's state of mind.
Given that Weisselberg signed the checks, and that the scheme was structured deliberately to hide income from tax authorities, it's not hard to see why the Manhattan DA brought charges. Regardless of whether there is more to come, a conviction here would be significant.

The indictment states that two other employees benefited from this scheme. The ongoing investigation is likely focused in part on them. So will the investigation bear more fruit? It's hard to say, although the pressure to flip is higher than it looked yesterday.

Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!

Niles: You have met “people”, haven’t you?

Lets Go Darwin
Pete F. is offline  
 

Bookmarks

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:58 AM.


Powered by vBulletin. Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Please use all necessary and proper safety precautions. STAY SAFE Striper Talk Forums
Copyright 1998-20012 Striped-Bass.com