American Presidential candidates GoP/Dems

American Presidential candidates GoP/Dems

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rscott

14,753 posts

191 months

Thursday 26th May 2016
quotequote all
Esseesse said:
rscott said:
Trump suspected of avoiding 10's of millions of dollars in tax - http://www.telegraph.co.uk/news/2016/05/25/exclusi...
Avoid, not evade?
article said:
Howard Abrams, professor of law and director of tax at the University of San Diego, said: “Converting the original equity into debt improved their tax position dramatically. However they have changed the labels, but they didn’t really change the economics at all.

"It's not a loan - it's really equity. I don’t think they would survive a challenge [by the Internal Revenue Service (IRS)].”

Experts said that the matter would usually be one for the IRS, who could audit, or re-audit, the deal and attempt to recover any tax that should have been paid. In such cases the IRS can subsequently pursue fraud charges if there is sufficient evidence of intentional wrongdoing.
That would suggest it's a step beyond acceptable minimisation of tax liability.

Esseesse

8,969 posts

208 months

Thursday 26th May 2016
quotequote all
rscott said:
Esseesse said:
rscott said:
Trump suspected of avoiding 10's of millions of dollars in tax - http://www.telegraph.co.uk/news/2016/05/25/exclusi...
Avoid, not evade?
article said:
Howard Abrams, professor of law and director of tax at the University of San Diego, said: “Converting the original equity into debt improved their tax position dramatically. However they have changed the labels, but they didn’t really change the economics at all.

"It's not a loan - it's really equity. I don’t think they would survive a challenge [by the Internal Revenue Service (IRS)].”

Experts said that the matter would usually be one for the IRS, who could audit, or re-audit, the deal and attempt to recover any tax that should have been paid. In such cases the IRS can subsequently pursue fraud charges if there is sufficient evidence of intentional wrongdoing.
That would suggest it's a step beyond acceptable minimisation of tax liability.
Well then the IRS should (re) audit. I suspect many will not want that happening because this kind of goings on is fairly common.

rscott

14,753 posts

191 months

Thursday 26th May 2016
quotequote all
Esseesse said:
rscott said:
Esseesse said:
rscott said:
Trump suspected of avoiding 10's of millions of dollars in tax - http://www.telegraph.co.uk/news/2016/05/25/exclusi...
Avoid, not evade?
article said:
Howard Abrams, professor of law and director of tax at the University of San Diego, said: “Converting the original equity into debt improved their tax position dramatically. However they have changed the labels, but they didn’t really change the economics at all.

"It's not a loan - it's really equity. I don’t think they would survive a challenge [by the Internal Revenue Service (IRS)].”

Experts said that the matter would usually be one for the IRS, who could audit, or re-audit, the deal and attempt to recover any tax that should have been paid. In such cases the IRS can subsequently pursue fraud charges if there is sufficient evidence of intentional wrongdoing.
That would suggest it's a step beyond acceptable minimisation of tax liability.
Well then the IRS should (re) audit. I suspect many will not want that happening because this kind of goings on is fairly common.
Might go some way to explaining why he won't release any tax returns though...

Esseesse

8,969 posts

208 months

Thursday 26th May 2016
quotequote all
rscott said:
Might go some way to explaining why he won't release any tax returns though...
Agreed.

greygoose

8,260 posts

195 months

Thursday 26th May 2016
quotequote all
rscott said:
Esseesse said:
rscott said:
Esseesse said:
rscott said:
Trump suspected of avoiding 10's of millions of dollars in tax - http://www.telegraph.co.uk/news/2016/05/25/exclusi...
Avoid, not evade?
article said:
Howard Abrams, professor of law and director of tax at the University of San Diego, said: “Converting the original equity into debt improved their tax position dramatically. However they have changed the labels, but they didn’t really change the economics at all.

"It's not a loan - it's really equity. I don’t think they would survive a challenge [by the Internal Revenue Service (IRS)].”

Experts said that the matter would usually be one for the IRS, who could audit, or re-audit, the deal and attempt to recover any tax that should have been paid. In such cases the IRS can subsequently pursue fraud charges if there is sufficient evidence of intentional wrongdoing.
That would suggest it's a step beyond acceptable minimisation of tax liability.
Well then the IRS should (re) audit. I suspect many will not want that happening because this kind of goings on is fairly common.
Might go some way to explaining why he won't release any tax returns though...
Perhaps he had a few of these schemes and didn't actually pay any tax at all!

unrepentant

21,257 posts

256 months

Thursday 26th May 2016
quotequote all
GavinPearson said:
unrepentant said:
GavinPearson said:
he polling stations are asking you to present the same identification that you present when you pay in a check, get a prescription or buy cheap tools at Harbor freight with a credit card.
Umm.. bks. I have never ever been asked to show photo ID when paying in a check, collecting a prescription or using my credit card for anything other than alcohol.

Now in fairness I've never collected a prescription for a narcotic and I don't live in the hood. So if you are carded when you collect your Norco or cash your check at the pay day loan place then things may be different for you and of course I'm happy to take your word for it. wink
Perhaps in Indy they don't require ID but in areas of Michigan and Ohio they do. When you pay a check in and either ask for your balance or cash back they require ID.
If I collect a prescription for my wife they verify my address using my........ ID.
I suspect you would argue that red was blue and vice versa when you perceive that someone doesn't agree with you. However these are the facts, however inconvenient they are for you.
Ahh... Now it's gone from paying in a check to cashing a check and collecting a prescription to collecting a prescription for someone else. hehe

My answer is correct, regardless of state. You don't need photo id to pay in a check, collect a non narcotic prescription for yourself or to buy a hammer in Harbor Freight with your CC. Those really are the facts.

AreOut

3,658 posts

161 months

Thursday 26th May 2016
quotequote all
I understand people could hide couple of thousands from IRS but how the hell you hide millions?!

Halb

Original Poster:

53,012 posts

183 months

scherzkeks

4,460 posts

134 months

Thursday 26th May 2016
quotequote all
Halb said:
Yes. Particularly, because Sanders is more a policy wonk than anyone else in the race. Trump will gain credibility simply by appearing on stage with him.

Axionknight

8,505 posts

135 months

Thursday 26th May 2016
quotequote all
Hillary too busy stting her pants to take part or something?


rscott

14,753 posts

191 months

Thursday 26th May 2016
quotequote all
Halb said:
Trump could agree to donate the proceeds to veterans as suggested - that might make up for his missing $1 million donation - https://www.washingtonpost.com/news/the-fix/wp/201...

scherzkeks

4,460 posts

134 months

Thursday 26th May 2016
quotequote all
rscott said:
Trump could agree to donate the proceeds to veterans as suggested - that might make up for his missing $1 million donation - https://www.washingtonpost.com/news/the-fix/wp/201...
If you think anyone cares about that, you are kidding yourself. Almost no one cared that Bush was AWOL from the national guard, CBS even reprimanded it's own anchor for a story that should have sunk Shrub. Then for an end dose of stupid, they attacked Kerry regarding a purple heart he was awarded in Vietnam and people ate it up.

Trump is perfect for the American public.

rscott

14,753 posts

191 months

Thursday 26th May 2016
quotequote all
scherzkeks said:
rscott said:
Trump could agree to donate the proceeds to veterans as suggested - that might make up for his missing $1 million donation - https://www.washingtonpost.com/news/the-fix/wp/201...
If you think anyone cares about that, you are kidding yourself. Almost no one cared that Bush was AWOL from the national guard, CBS even reprimanded it's own anchor for a story that should have sunk Shrub. Then for an end dose of stupid, they attacked Kerry regarding a purple heart he was awarded in Vietnam and people ate it up.

Trump is perfect for the American public.
They're more likely to pay attention to this though - conning veterans out of money never looks good .. Correctly describing military service is far less interesting to many.

scherzkeks

4,460 posts

134 months

Thursday 26th May 2016
quotequote all
rscott said:
They're more likely to pay attention to this though - conning veterans out of money never looks good .. Correctly describing military service is far less interesting to many.
They really aren't. The VA, for example, is a joke, and virtually no one cares. American society is notorious for kicking soldiers to the curb once they are done with them. Just another item to be consumed.

When you factor in the ease with which Trump has managed to dodge every attack against him so far, it ain't looking good.

unrepentant

21,257 posts

256 months

Thursday 26th May 2016
quotequote all
rscott said:
scherzkeks said:
rscott said:
Trump could agree to donate the proceeds to veterans as suggested - that might make up for his missing $1 million donation - https://www.washingtonpost.com/news/the-fix/wp/201...
If you think anyone cares about that, you are kidding yourself. Almost no one cared that Bush was AWOL from the national guard, CBS even reprimanded it's own anchor for a story that should have sunk Shrub. Then for an end dose of stupid, they attacked Kerry regarding a purple heart he was awarded in Vietnam and people ate it up.

Trump is perfect for the American public.
They're more likely to pay attention to this though - conning veterans out of money never looks good .. Correctly describing military service is far less interesting to many.
Stealing money from veterans? Oh I think people really do care about that. They won't care that Trump is a draft dodger but "veterans" are revered beyond almost anyone else in modern America. Trump either stole their money or, more likely, bragged with exaggeration about how much had been raised.

As for the "debate" it's just a stunt by FOX. Fair play to them, they persuaded Bernie and Trump to do it. There is no way in hell that Clinton should agree to debate Sanders, she has nothing to gain by it, she's already beaten him. I hope Bernie lets loose on Trump but I suspect there will be a lot of "rules" laid down by the Trump camp. wink

Jockman

17,917 posts

160 months

Thursday 26th May 2016
quotequote all
Trump will woo Sanders voters. Win win for him. Clinton appears marginalised.

Sam All

3,101 posts

101 months

Thursday 26th May 2016
quotequote all
Jockman said:
Trump will woo Sanders voters. Win win for him. Clinton appears marginalised.
How will unrepentant cope?

Jockman

17,917 posts

160 months

Thursday 26th May 2016
quotequote all
Sam All said:
How will unrepentant cope?
Not sure but I would keep an eye on his blood pressure just in case.

GavinPearson

5,715 posts

251 months

Friday 27th May 2016
quotequote all
unrepentant said:
GavinPearson said:
unrepentant said:
GavinPearson said:
he polling stations are asking you to present the same identification that you present when you pay in a check, get a prescription or buy cheap tools at Harbor freight with a credit card.
Umm.. bks. I have never ever been asked to show photo ID when paying in a check, collecting a prescription or using my credit card forms anything other than alcohol.

Now in fairness I've never collected a prescription for a narcotic and I don't live in the hood. So if you are carded when you collect your Norco or cash your check at the pay day loan place then things may be different for you and of course I'm happy to take your word for it. wink
Perhaps in Indy they don't require ID but in areas of Michigan and Ohio they do. When you pay a check in and either ask for your balance or cash back they require ID.
If I collect a prescription for my wife they verify my address using my........ ID.
I suspect you would argue that red was blue and vice versa when you perceive that someone doesn't agree with you. However these are the facts, however inconvenient they are for you.
Ahh... Now it's gone from paying in a check to cashing a check and collecting a prescription to collecting a prescription for someone else. hehe

My answer is correct, regardless of state. You don't need photo id to pay in a check, collect a non narcotic prescription for yourself or to buy a hammer in Harbor Freight with your CC. Those really are the facts.
My goodness you are a pedant. O.K. you win this one. If I pay in a check and want cash back or want to know my balance then I need to show ID. Harbor freight like seeing ID. Mainly because Detroit is a crime ridden area. Oh well. But everyone knows you need ID and so they have it. So it's not a big deal to have to show it at the polling station.

unrepentant

21,257 posts

256 months

Friday 27th May 2016
quotequote all
Everyone relax, Trump's people are already walking back the debate thing, saying it was "just a joke".........
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