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Keef

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Everything posted by Keef

  1. Keef
    Username checks out.
  2. Keef
    The constitution is like taxes. People feel passionately about both, are exposed to tiny tidbits of each (either through the news or on TurboTax), and develop passionate views about them, often totally wrong.
  3. Keef
    Totally agree with this. When we had McKinzie committed, it was like...where is he going to play? Almost no chance he stuck at linebacker (even in the SEC) at his size, and then you have to hope he can spin down to a DE.
  4. Keef
    I interned for a justice on the Texas Supreme Court when I was in law school - his or her child literally had a Ted Cruz for president coloring book.
  5. Keef
    Clearly didn't offer him enough.
  6. Keef
    I don't think we've punted in 2+ games (granted, we punted enough in the Arkansas game to last a lifetime).
  7. Keef
    Looks like the law was temporarily blocked by a district court judge.
  8. Keef
    *puts on boring old person hat* Hopefully these kids have a plan on how to pay the income tax hit on those things.
  9. Keef
    I'm sure the CFO and anyone who didn't report all this as income will get wacked, but I'm not sure how fringe benefits makes it back to Donald. Trump didn't force them to not report this as income on their tax returns, and he also didn't prepare (or likely even sign off on) the company's tax and informational returns. Maybe there is some "conspiracy to commit tax evasion" or other avenue to get at him, but that would require some documentary evidence he was involved in some material fashion and seems pretty unlikely. The risk here is with the company and the individuals in question. The DA is clearly trying to rattle their cage to get them to flip on Trump.
  10. Keef
    There is no grey area here, and it is not the sort of thing that anyone who works in tax/benefits would miss or confuse as being non-taxable. If companies don't intend to sell or raise money (and thus, undergo diligence), they'll sometimes take aggressive tax positions banking on the risk of audit being low, but this isn't "aggressive" - it's just straight up illegal. The statute of limitations (e.g., how far they can go back and assert tax) is typically 3 years, except in cases of a substantial understatement of income, in which case it is 6 years. If fraud is proven, I think it is unlimited?
  11. Keef
    So did he tell Texas he's coming, or nah? That question seems like it would have come up since he's announcing so soon. What could he have said to have given them confidence without telling them he's coming? This recruitment has a super weird feel to it and we don't seem to win those.
  12. Keef
    Well, of course, but these are negotiated documents, particularly the credit facilities that have the capacity to bankrupt a large company. Borrowers that banks will lend hundreds of millions of dollars to absolutely have some leverage.
  13. Keef
    I think that twitter thread is a little overblown. Granted, the Trump Organization may not have had much leverage when the loans were negotiated (or it may have had a ton if the facilities were entered into when Trump was president), but my understanding is that these documents are generally pretty borrower favorable. No one wants to enter into a loan which can be called at the drop of a hat. I'm not sure what loan covenant this would even trip - I've never seen an agreement where an entity represents it hasn't been criminally charged. Perhaps compliance with laws? Doesn't that typically have an MAE qualifier? Plus, the lenders may not call the loan even if they could, because Trump can't pay them. Better to keep collecting the monthly payments that jeopardize the whole thing, I would think. I'm only vaguely familiar with credit facilities/loans, so someone please tell me if I'm way off base.
  14. Keef
    There is also a distinction between non-profits and tax-exempt entities. Not all non-profits are tax-exempt (like the NFL a few years back) - to qualify for tax-exempt status, there are all sorts of additional hoops you have to jump through to demonstrate to the IRS that you should be tax-exempt.
  15. Keef
    I'm not totally clear on the status of the Johnson Amendment (I think it is still technically on the books?), but I once went to a church service while visiting my grandmother in small town west Texas where the pastor compared the "persecution" of Trump to Jesus. It's basically impossible to enforce/police, but if you're getting a tax break from the government, you should not be a political vehicle. I'm sure the IRS ignores 99% of cases because it would immediately be put on blast on Fox News ("IRS stormtroopers audit freedom loving small town church over its Christian beliefs and free speech").
  16. Keef

    Meanwhile in China

    Keef replied to RPM's topic in Daily Texan

    This worries me. The fact that the operator reached out to the US about a Chinese plant, knowing how that would go over with the Chinese government, tells me there is more to the story than meets the eye. And whether there is a serious issue or not, the US isn't going to publicly acknowledge anything is wrong at this point.
  17. Keef
    Doctors can't even complain about the First Amendment without letting you know they are doctors.
  18. Keef
    LOL. $1.8M in fees to an individual is basically proof Paul Hastings thought the US government was backstopping this.
  19. Keef
    Jeff Howe mentioned that McClung was apparently a locker room issue at Texas Tech.
  20. Keef
    Can't wait for the inevitable Wescott headline "Klubnik picks X over Texas, others" when he goes somewhere else because we landed Murphy.
  21. Keef
    That and having to live in Jacksonville.
  22. Keef
    Trump is even losing Tom Cotton. He may get impeached over this. Related aside, screw you Tom Cotton.
  23. Keef
    Have we determined how Hugo Chavez was involved yet?
  24. Keef
    This makes me wonder if the 25th hasn't already been invoked. Not saying it is likely, but there are some signs.
  25. Keef
    https://www.theonion.com/fbi-uncovers-al-qaeda-plot-to-just-sit-back-and-enjoy-c-1819576375

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