Trump will ask Supreme Court to take New York tax returns case after losing appeal

Discussion in 'Current Events' started by Andrew Jackson, Nov 4, 2019.

  1. squidward

    squidward Well-Known Member

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    what line on the tax form does one write the value of his property or business?
     
  2. Ronstar

    Ronstar Well-Known Member Past Donor

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    you're joking, right?

    you think Trump doesn't have to list the value, revenue, profit of each of his businesses every year on his taxes?

    wow
     
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  3. cd8ed

    cd8ed Well-Known Member Past Donor

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    Why is the right and trump so terrified of his tax returns?
    Just the way he is handling this made me go from “this is stupid, who cares” to “he is hiding something”.
     
  4. cd8ed

    cd8ed Well-Known Member Past Donor

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    He likely has numerous schedule K’s where this info would be required, the right is acting like he fills out a 1040EZ.

    Newsflash for people not operating as the member of a board, or that receive dividends, or that operate as a pass through entity have hundreds of pages of tax documents they file every year — it’s like they have never seen a complicated tax filing.
     
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  5. PPark66

    PPark66 Well-Known Member

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    They won’t take case. The ruling is just too narrow and amounts to ‘the President can be investigated’. Ah, duh!

    The current legal nuttiness that’s being throw out by the administration and Barr specifically is an argument against a foundational principle of our country.

    They’re stomach turning radical.
     
  6. squidward

    squidward Well-Known Member

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    A business can be valued in many various ways, and no, one does not list a value of a business on a tax return
     
  7. squidward

    squidward Well-Known Member

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    A K-1 shows your ownership stake, and distribution. It does not show the value of a company. There is no standard valuation of a company, and certainly not one reported on a tax return
     
    Last edited: Nov 5, 2019
  8. squidward

    squidward Well-Known Member

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    IRS looks at profit, losses, income, etc.
    It doesn't do valuations
     
  9. cd8ed

    cd8ed Well-Known Member Past Donor

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    Capital investment and basis are bith on sched K

    Since you ignored the question earlier, “Why is the right and trump so terrified of his tax returns?”
     
  10. squidward

    squidward Well-Known Member

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    Those aren't company valuation
     
  11. cd8ed

    cd8ed Well-Known Member Past Donor

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    Guess integrity isn't your strong suit.
    Feel free to reply with an answer to the very simple question.
     
  12. EMTdaniel86

    EMTdaniel86 Banned

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    Which would be, if you had evidence of it
     
  13. EMTdaniel86

    EMTdaniel86 Banned

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    What the lawyers are agreeing is that POTUS can't be investigated because he is POTUS and they don't like him.
     
  14. bx4

    bx4 Well-Known Member

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    Congress has and exercises oversight of the executive branch. What do you think all the Benghazi hearings were about?
    Congress is trying to do that now but trump has ordered them not to cooperate. Obstruction.
     
  15. The Wyrd of Gawd

    The Wyrd of Gawd Well-Known Member

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    Verifying if the President is a thug gangster is not unreasonable.
     
  16. The Wyrd of Gawd

    The Wyrd of Gawd Well-Known Member

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    It is time to get some new lawyers if they are stupid enough to say crap like the President can't be investigated.
     
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  17. cd8ed

    cd8ed Well-Known Member Past Donor

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    Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
    https://www.propublica.org/article/...rump-tax-documents-show-major-inconsistencies
    “Documents obtained by ProPublica show stark differences in how Donald Trump’s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings’ property tax.

    For instance, Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street.”

    So you agree he has committed tax fraud, loan fraud, and likely wire fraud?
    And his taxes should be available to NY prosecutors investigating the case?
     
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  18. hampton86

    hampton86 Well-Known Member

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    LOL

    Doesnt matter legally if it was his own money

    Paying off hush money to whores is both illegal and immoral
     
  19. hampton86

    hampton86 Well-Known Member

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    No, federal prosecutors are

    Uh oh
     
  20. Ronstar

    Ronstar Well-Known Member Past Donor

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    the Right is scared shitless of what Trump's tax returns will reveal
     
  21. Bluesguy

    Bluesguy Well-Known Member Donor

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    For a campaign violation it does, candidates can spend as much of their own money as they wish and on anything they wish. Have you been watching how much this Steyer guy has been spending and promising to spend out of his own pocket. Cite the law that says a person cannot pay for a NDA for something that might be personally embarrassing.
     
  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    Like what? You guys haven't even been able to name anything of interest that we don't already know from his financial disclosure forms.
     
  23. Bluesguy

    Bluesguy Well-Known Member Donor

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    Do you have a probable cause to obtain 8 years of that returns?
     
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  24. squidward

    squidward Well-Known Member

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    All over what, specifically ?
    Never mind, you don't know
     
  25. squidward

    squidward Well-Known Member

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    So you're conceding that company valuations are not reported on federal income tax returns?
     

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