NY Times: Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father

[InTheLight]

Tell that to Al Capone

I have no idea what you mean by this.

Anyway, my point was this statement:

There is no shortage of clever tax avoidance tricks that have been blessed by either the courts or the I.R.S. itself. The richest Americans almost never pay anything close to full freight.

Is an inaccurate opinion. It is not news. It is Fake News.

If tax avoidance "tricks" have been blessed by the IRS and the courts then they are legitimate. They are not "tricks." "Full freight" is simply a mythical number that the writer has conceived in their head because they perceive the taxation of the rich is unfair. How can there possibly be "full freight" if the IRS says the techniques used by the rich to reduce their taxes are legitimate?

 

[Baptist Believer]

You seem to have missed the main thrust of the WSJ article. The Trumps have done nothing that other is their same situation haven't done. If the tax people go after the Trumps, then they need to go after a boatload of other people who have structured their finances in the same ways.

You seem to have missed the main thrust of the New York Times article. It is essentially what I stated in my previous post.

While the White House has tried to paint the article as "boring," and RevMitchell has claimed it is not a "good read," but it is worth reading if you want to make intelligent conversation about it. Many people here have obviously not.

Regarding going after the Trump family regarding their tax maneuvering, there are a number of legal loopholes they have used, but there are some that are not legal.

 

[canadyjd]

So, essentially, the Wall Street Journal confirms the main thrust of the NY Times story:

(1) Fred Trump, Sr., helped create the myth of the self-made financial genius Donald Trump.
(2) Donald Trump has used that myth as his prime credential for the Presidency.
(3) The statute of limitations has passed for criminal charges, but the IRS and the State of New York could pursue civil penalties.

Please be accurate. Don*ld Tr*mp is a "self-made STABLE financial genius".

The whole "myth" thing is just debating politics.

 

[Earth Wind and Fire]

The Feds got Capone well within the statute of limitations. Also, Capone didn't use the legal loopholes available the Trumps and other of their class.

What class would that be.....oh I know, the thugs, thieves & grafters.

 

[David Kent]

No, yet you seem to think the NYT to be gospel. Do you not realize just how biased they are? And the Washington Post, and the MSM in general? You seem to be extremely selective in your outrage and sense of justice, just like the Democrats, progressives, socialists, feminists, SJWs, and the like.

Seems to me that most political posts on here are biased.

 

[David Kent]

Right... they are advertising on amazon

https://www.amazon.com/Proof-Collusion-Trump-Betrayed-America/dp/1982116080

Maybe it will broaden your horizons

Amazon avoid their taxes as well, as do Google, Starbucks etc.

 

[David Kent]

You seem to have missed the main thrust of the WSJ article. The Trumps have done nothing that other is their same situation haven't done. If the tax people go after the Trumps, then they need to go after a boatload of other people who have structured their finances in the same ways.

Two wrongs don't make a right. It makes two wrongs.

 

[Squire Robertsson]

Nope, the wealthy.

What class would that be.....oh I know, the thugs, thieves & grafters.

 

[RighteousnessTemperance&]

Seems to me that most political posts on here are biased.

Yes, and a great deal more writing as well, which is why it is inadvisable to simply take something at face value. In the case of the OP article, there is virtually no merit to it, as many have pointed out.

 

[RighteousnessTemperance&]

Regarding going after the Trump family regarding their tax maneuvering, there are a number of legal loopholes they have used, but there are some that are not legal.

Again, no. They demonstrated nothing in the article. They made claims of having documents and of having correctly evaluated them. But they did not demonstrate anything illegal. This does not mean there was nothing illegal, but the article is entirely unhelpful in determining such, and appears to be intended as a hit piece. Given the source, this is unsurprising.

 

[RighteousnessTemperance&]

cranial trephining ...

...only as a first step...

 

[Earth Wind and Fire]

Nope, the wealthy.

Exactly