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Thread: Trump Committed Tax Fraud & Insurance Fraud & Bank Fraud

  1. #141
    The rubes always post something about the lib circle jerk, try contributing something other than rube talking points and maybe you would be taken serious.

  2. #142
    Quote Originally Posted by ChrisL68 View Post
    It was all nonsense, but it was effective enough to swing the election and now we have Trump.

    Quote Originally Posted by birdman View Post
    ...and the effectiveness was greatly enhanced by Russian facebook and twitter trolls convincing a bunch of rubes that Clinton's corruption was a bigger threat than Trump.

    Don't forget the inherent unfairness of the electoral college and how it needs to be scrapped and replaced ASAP with a more representative model.

  3. #143
    Quote Originally Posted by Colonel Angus View Post
    Don't forget the inherent unfairness of the electoral college and how it needs to be scrapped and replaced ASAP with a more representative model.
    I agree. Seems weird to retain a system that was designed to protect the institution of slavery in 2018.

  4. #144
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    Sadly, it will only change if a new era secession is threatened.

  5. #145
    So how much money did the Trumps pocket off their charitable foundation?

  6. #146
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    Quote Originally Posted by WFFaithful View Post
    So how much money did the Trumps pocket off their charitable foundation?
    Even IBM's Watson gave up on trying to figure out that number.

    There was a house account at Cheetahs in Vegas. It was listed as "medical school scholarship for Dr. Honey Melons".

  7. #147
    Quote Originally Posted by avalon View Post
    The $7 donation to the boy scouts is my favorite. Has a golden toilet, but uses his fake charity to pay his son's club membership fees.

  8. #148

  9. #149
    Quote Originally Posted by birdman View Post
    I agree. Seems weird to retain a system that was designed to protect the institution of slavery in 2018.
    That arguably is why Angus supports in the first place.
    We're going to be good again.

  10. #150

  11. #151
    A Gutted I.R.S. Makes the Rich Richer


    Letís take a moment to pity the Internal Revenue Service. Yes, to many Americans, itís a money-grabbing ogre siphoning hard-earned cash to the faceless federal bureaucracy.

    But the nationís tax collector today is an enfeebled enforcer. Its budget has been bled dry by a Republican Congress in service to wealthy donors and businesses aggressively pursuing tax avoidance, leaving uncollected 18 percent to 20 percent of potential tax revenues annually. Thatís the conclusion in articles by the journalism site ProPublica, co-published by The Atlantic and The Times.

    Loopholes are beyond the means of most Americans who earn salaries or are paid hourly wages, and are exploited by those who derive significant income from investments or business revenue. Although weíd all like to pay less, relative to most developed nations our tax burden is a pretty good deal.

    Itís an even better deal for the richest Americans, who have benefited the most from President Trumpís tax cuts. The rich are different: Theyíre more likely to cheat, according to one study of I.R.S. data. And the I.R.S. has about as many auditors now as it did 60 years ago, when there were half as many Americans. The undermining of the I.R.S.ís enforcement capability coincides nicely with the Republican playbook: Enrich wealthy individuals and corporations with tax giveaways that balloon the deficit, justifying spending cuts for health care, education and infrastructure, then amplify the process by not holding high-end taxpayers accountable for the amounts they owe.

    Dodging taxes is as old as taxes themselves. Just ask Mr. Trump, who has employed systematic dodging for decades, according to a Times investigation.

    We got a good look at one of the bigger problems, the proclivity of the wealthy to hide cash from the I.R.S., in 2008, when the Justice Department was able to pierce the Swiss bank secrecy veil during an investigation of UBS. The department uncovered thousands of rich Americans who were hiding about $18 billion in offshore accounts arranged by that Swiss bank. Many were compelled to fess up and pay up. But eight years later, the Panama Papers, millions of files hacked from a Panamanian law firm that specialized in caching money for the rich and powerful, disclosed that there were still plenty of rich people willing to play hide-and-seek with the I.R.S.

    The odds are in their favor, and growing. ProPublica reported that I.R.S. audits dropped 42 percent from 2010 to 2017, a period in which the I.R.S. budget was lopped by $2.5 billion, adjusted for inflation. New investigations of people who donít file dropped to 362,000 last year, from 2.4 million in 2011. That costs the Treasury $3 billion annually in uncollected taxes. More than $8 billion in back taxes did not get collected in 2017 because the agency couldnít get to them before the 10-year statute of limitations ran out, another worsening problem. Tax delinquents can simply wait the agency out. ProPublica estimated the total shortfall of uncollected funds since 2011 at $95 billion.

    These uncollected billions could pay for any number of things: better care of wounded veterans, infrastructure improvements such as a desperately needed new tunnel between New York and New Jersey. You could even build an expensive wall.

    One area where the I.R.S. still bares its teeth is in auditing people in the lowest tax bracket. If you are claiming the earned-income tax credit, which provides cash for people who typically earn less than $20,000 annually, you are as likely to be audited as someone earning between $500,000 and $1 million. ProPublica reported that 36 percent of all I.R.S. audits focused on this group. It may not be a crime to be poor in the G.O.P.ís America, but you can expect to be treated like a criminal for accepting the governmentís cash to make ends meet. At best, thatís an inefficient use of I.R.S. agents: Compliance should apply to all, but the I.R.S. should do most of its fishing where the big fish are.

    The Trump/G.O.P. tax policy is now operating at peak failure. The tax cuts have failed to increase gross domestic product beyond the ďsugar highĒ stimulus they gave to an economy already heading toward record low unemployment. The economy seems to be slowing, making a mockery of the promise of strong growth that was used to peddle the tax cuts.

    The stock market is shuddering at the idea of a slowdown, which corporations contributed to by using their tax windfall to buy back more than $1 trillion of their own stock. They have, to this point, immolated capital instead of using it for additional hiring, increased wages or further business investments.

    A CNBC poll found that millionaires are still sanguine about the economy. They can well afford to be. If their stocks lose value, they can take a write-off. If stocks rise, their maximum long-term capital gains tax is only 20 percent. Most American households donít own stocks ó or no longer own them, having been forced to liquidate stock holdings in the Great Recession, which was precipitated by a collapse in the housing market. Thus the wealth gap grows, reaching levels not seen since the Roaring Twenties.

    To pay for the millionaire tax cuts, sacrifices had to be made. So Congress limited deductions for state and local taxes to $10,000 annually. While that generally applies to well-to-do people who can itemize their tax returns, it was also a clear shot against blue states such as California and New York that have relatively high state and local taxes. But reducing these deductions, along with higher interest rates, punished the housing market, which is stagnant nationally and in a free fall in the Northeast.

    Our ability to keep the $1 trillion deficit created by the Trump tax cuts from deepening depends in part on collecting taxes to which the government is legally entitled.

    Think of it this way: To protect our nation, we have the most powerful army in the world. To protect our tax base, we have an army on the order of Liechtensteinís.

    The lack of deterrence will only encourage more cheating. The I.R.S. needs to be capable of doing the job for which it was created ó from answering taxpayersí questions to chasing down the richest cheats, even if they occupy the Oval Office.
    I love mankind...itís people I canít stand!!

  12. #152

  13. #153

  14. #154
    Being President has its perks.

  15. #155

  16. #156
    PM a mod to cement your internet status forever
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    Complicit. Iíd love to bring the all in and ask what they knew and when they knew it.

  17. #157
    No He Didnít. Liars and dissembling projectionists running smear campaigns..that,is the Democratic Party.

    Letís find out how much money Pelosi and her hubby have gathered from the Chi-Comms..$100 M is it?

    MAGA 2024

  18. #158
    So you're saying you'd trade Trump's tax returns for Pelosi's? Kind of a win win. I don't want to see Pelosi go down, but if she took Trump down with her, then maybe that's the scorched earth reset America needs right now.

    Although, a career politician who most likely had aspirations to be president at one point likely has far less to hide than a shady businessman who stumbled into the presidency through the ignorance of Americans.
    Last edited by Demonwolverine; 02-14-2019 at 09:32 AM.

  19. #159
    Nah..just thought the thread could use a little whatabout

  20. #160

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