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A story about a pathetic man's downfall [34 Felony Convictions]

Francisco 2.0

By Francisco 2.0
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Beau Vine
Beau Vine

To be fair, President Trump’s four years in office weren’t so bad, except when when he incited an insurrection against the government, mismanaged a pandemic that killed nearly half a million Americans

Bama Chick
Bama Chick

Y’all about to get a great visual representation of Cullman, Alabama. Only good things to come out of Cullman are the Britt brothers (Roll Tide!) and orange rolls from All Steak restaurant. That pla

ChiTownDoc
ChiTownDoc

You seem really pissed off for a nontrumper.  Just laugh at the trumpers, bro.  They’re really gullible dumbfucks who worship this orange blob…you know, people completely unlike yourself.  

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Francisco 2.0

Francisco 2.0 32650

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So, the IRS did not audit Trump at all the first two years of his presidency, despite having a policy that states a mandatory audit of a sitting President.

 

https://www.nytimes.com/live/2022/12/20/us/trump-taxes-news

 

Quote

The Internal Revenue Service failed to audit former President Donald J. Trump’s tax filings for his first two years in office despite having a policy that makes the auditing of sitting presidents mandatory, a House committee revealed on Tuesday after an extraordinary vote to make public six years of his tax returns.

 

 

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John Koskinen, the former I.R.S. commissioner who served during the first year of Trump’s presidency, said in an interview that he was not involved in the presidential audit process and that he did not know why the audits did not occur. “It does seem to me to be a legitimate question, if the I.R.S. had the responsibility and wasn’t auditing, what’s the explanation?”

 

 

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henrygandorf

henrygandorf 29230

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14 minutes ago, Francisco 2.0 said:

So, the IRS did not audit Trump at all the first two years of his presidency, despite having a policy that states a mandatory audit of a sitting President.

it was pretty obvious that trump was not under audit because of all those times he claimed he was under audit.

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The Original Greaser Bob

The Original Greaser Bob 2903

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1 hour ago, Francisco 2.0 said:

John Koskinen, the former I.R.S. commissioner who served during the first year of Trump’s presidency, said in an interview that he was not involved in the presidential audit process and that he did not know why the audits did not occur. “It does seem to me to be a legitimate question, if the I.R.S. had the responsibility and wasn’t auditing, what’s the explanation?”

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ChiTownDoc

ChiTownDoc 21363

Posted
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6 hours ago, henrygandorf said:

yes, this is the point.  they've convinced themselves it's some kind of upgrade.  it's all of the hate without the trumpyness. 

it's idiotic and it won't work.  but shush about it.

It’s great because the refined part will win back some Wall Street types who were too cool for the white trash bastard that trump is. No ketchup on their steaks and their suits are from saville row, not Joseph A Banks (although when you shit yourself with such frequency the 8 free suits come in handy).  BUT, in winning those types back, you’ll lose the ‘he talks like us!’ crowd - Lose/lose.  Bring it on.

 

 

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Neonmoon

Neonmoon 38130

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23 minutes ago, Longhornfan1024 said:

So basically Trump's return is the tax fraud version of Mr. Burns's immune system.  

Pretty much

  • On their 2015 federal return, Trump and his wife declared negative income of $31.7 million, with taxable income of $0. The couple paid federal income taxes of $641,931.
  • The 2016 return declared negative income of $31.2 million, with zero dollars of taxable income. The Trumps paid $750 in taxes.
  • The 2017 return declared negative income $12.8 million, with $0 in taxable income. The couple paid $750 in taxes.
  • The 2018 return declared total income of $24.4 million, with taxable income of $22.9 million. The Trumps paid $999,466 in federal income taxes.
  • In 2019, the Trumps declared $4.44 million in total income, and $2.97 million in taxable income. They paid $133,445 in taxes.
  • The 2020 return shows negative income of $4.69 million, with zero dollars in taxable income. The tax paid by the Trumps was $0 and they claimed a refund of $5.47 million.
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Hermanator

Hermanator 7718

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24 minutes ago, Neonmoon said:

Pretty much

  • On their 2015 federal return, Trump and his wife declared negative income of $31.7 million, with taxable income of $0. The couple paid federal income taxes of $641,931.
  • The 2016 return declared negative income of $31.2 million, with zero dollars of taxable income. The Trumps paid $750 in taxes.
  • The 2017 return declared negative income $12.8 million, with $0 in taxable income. The couple paid $750 in taxes.
  • The 2018 return declared total income of $24.4 million, with taxable income of $22.9 million. The Trumps paid $999,466 in federal income taxes.
  • In 2019, the Trumps declared $4.44 million in total income, and $2.97 million in taxable income. They paid $133,445 in taxes.
  • The 2020 return shows negative income of $4.69 million, with zero dollars in taxable income. The tax paid by the Trumps was $0 and they claimed a refund of $5.47 million.

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956 Worldwide

956 Worldwide 35614

Posted
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21 hours ago, henrygandorf said:

why do the pubs always lay out small sample size anecdotal evidence and then seem so shocked when it doesn't mean shit?

when someone like jordan klepper asks trumpers why they know the election was stolen, they're always like, "i didn't vote for biden, nobody i know voted for biden, how could he have gotten more votes than trump??!!"  meanwhile, these people are living in information silo echo chambers (by design) so of course they never see or hear from any biden voters.

 

First, we as humans are fucking terrible at understanding probability and big numbers and statistics. All of us, in all sorts of ways.  It’s not intuitive and you have to train your mind to think that way. 
 

Second, it goes beyond just info silos. All Of the media treat people who tend to lean R as the “default,” most important voter to win. How many trons have been written over the years or footage shot on think pieces attempting to understand why Ds can’t win flyover country or The White Working Class or rural voters or whatever. It’s all you ever see around elections. When was the last introspective think piece about Why the GOP Can’t Win Big Coastal Cities?

Never. Part of that is because there isn’t much to think about— the GOP doesn’t even try to win and has decided just to try and not count their votes. But there’s also just a long history of treating the white middle class as the votes that have to be won, the votes that matter. So that’s all these R voters here and so when there isn’t an uncle voting Biden they get confused about how he might have won. 

You see this elsewhere, too. For instance, Americans consistently, wildly l, overestimate the percentage of Black Americans or gay Americans. But they tend to do so in a way that comes closer to the amount of representation you see in major popular media. 

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Al Bundy's Napoleon Hand

Al Bundy's Napoleon Hand 13645

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1 hour ago, Neonmoon said:

The reason Republicans are against tax returns being made public is they don't want people to know how the tax code is designed to benefit the wealthy

Poor people pay taxes. Rich people pay their legislators 

https://www.msn.com/en-us/news/politics/let-s-do-that-internet-cheers-republican-warning-that-supreme-court-justices-tax-returns-could-go-public/ar-AA15vseR?ocid=superappdhp

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41 minutes ago, Horn Under a Bad Sign said:

So, over six years, including four as president, this great businessman lost 51 million dollars?


image.thumb.jpeg.abd6fe314b380b03cd525248782ebda9.jpeg

Hey, Covid really threw us all for a loop.

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YGIFS

YGIFS 19460

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But he donated his presidential salary!!!!!!!!!

seriously.  Politics aside, can we scrape the name off this slide and post it in 6SJ/TDT forums And just ask for back of the envelope interpretations.  Losses like that don’t jive with K-1/s-Corp pass thrus of a billionaire.  Unless he took all the organizations losses personally like Melania took all the ejaculate losses of 137 Balkan pornstars.  Because she’s a cunt of a whore who couldn’t read a balance sheet of a con man prior to signing a worthless prenup because of all the cum in her eyes.  

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UpperWestside

UpperWestside 6286

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Again who here thought this man is worth more than the homeless folks I see everyday? He is flat out broke. He’s not even a dollarnaire. I just spent more on groceries than he’s worth. He is broke. He owes millions to his Russian friends that he cannot pay and despite all his grifting he is still as BROKE as an aggy in a gloryhole trucker’s bathroom.

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Francisco 2.0

Francisco 2.0 32650

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https://www.nytimes.com/2022/12/21/us/politics/trump-irs-taxes.html

 

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The I.R.S. subjected both President Donald J. Trump’s predecessor and his successor to annual audits of their tax returns once they took office, spokespeople for Barack Obama and President Biden said on Wednesday, intensifying questions about how Mr. Trump escaped such scrutiny until Democrats in the House started inquiring.

Late Tuesday, a House committee revealed that the I.R.S. failed to audit Mr. Trump during his first two years in office despite a rule that states that “the individual tax returns for the president and the vice president are subject to mandatory review.” But its report left unclear whether that lapse reflected general dysfunction or whether Mr. Trump received special treatment.

 

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The disclosure of routine audits of Mr. Obama and Mr. Biden during their time in office suggested that the agency’s treatment of Mr. Trump was an aberration.

“I’m absolutely flabbergasted,” said Nina E. Olson, the national taxpayer advocate from 2001 to 2019. “It’s disturbing. You have a process where you’re auditing the president, you better be auditing the president.”

 

Quote

Reports issued by the Ways and Means Committee, which obtained Mr. Trump’s tax data last month after a yearslong legal battle, said the I.R.S. initiated its first audit of one of his filings as president in April 2019, the same day that Representative Richard E. Neal, Democrat of Massachusetts and the committee’s chairman, had inquired about the matter.

The I.R.S. has yet to complete that audit, the report added, and the agency started auditing filings covering Mr. Trump’s income while president only after he left office. Even after the agency belatedly started looking, it assigned only a single agent to examine Mr. Trump’s returns, going up against a large team of lawyers and accountants who objected when the I.R.S. added two more people to help.

 

Spoiler

The committee’s discovery that the I.R.S. flouted its rules is bringing new scrutiny to concerns about potential politicization at the I.R.S. during the Trump administration and spurring calls for the inspector general that oversees the agency to investigate what went wrong. It has also raised questions about why the I.R.S. devoted so few resources to auditing Mr. Trump, who, as a business mogul, had far more complicated tax filings than any previous president.

Under Mr. Trump, the I.R.S. was run for most of 2017 by a commissioner appointed by Mr. Obama, John Koskinen, and — after about 11 months being overseen by an acting head, David J. Kautter — a successor appointed by Mr. Trump, Charles P. Rettig. None ensured that the agency followed its rules requiring presidential audits.

Neither Mr. Kautter nor Mr. Rettig, who left in October, responded to a request for comment. Mr. Koskinen said that his only involvement in Mr. Trump’s tax returns was working to ensure that they were kept in a secure location.

“The good thing about being commissioner is that you never know who is being audited,” Mr. Koskinen said, adding that it would have been inappropriate to ask about the status of any examination.

The committee’s reports left many questions unanswered given that it had little time to act: While Mr. Neal had sought Mr. Trump’s tax records since 2019, Mr. Trump fought that request for nearly four years. The Ways and Means Committee only received access to the information last month, with Republicans set to take control of the House in January.

Spokespeople and associates of several other former presidents over the last three decades either did not respond on Wednesday to queries about whether those presidents had been audited every year they were in office or said they did not recall.

Senator Ron Wyden, Democrat of Oregon and the chairman of the Senate Finance Committee, on Wednesday called the House panel’s findings a “blockbuster” that required further attention.

“The I.R.S. was asleep at the wheel, and the presidential audit program is broken,” he said. “There is no justification for the failure to conduct the required presidential audits until a congressional inquiry was made.”

The Internal Revenue Service has already been the subject of repeated controversy.

The New York Times reported this year that the I.R.S. had initiated particularly invasive audits of two of Mr. Trump’s perceived enemies, the former F.B.I. director James B. Comey and his deputy, Andrew G. McCabe. Mr. Trump also repeatedly told his chief of staff that he wanted his perceived rivals, including those two, to face tax investigations.

Despite the low odds of both being singled out, an inspector general’s report concluded that both had been randomly selected for the initial pools from which the agency drew to carry out the examinations. But it is unclear how the I.R.S. made final selections from those pools.

In 2019, Mr. Trump raised eyebrows by telling Senator Mitch McConnell, the majority leader, to prioritize a confirmation vote for a longtime associate, Michael J. Desmond, as general counsel of the I.R.S. over the nomination of William P. Barr as attorney general. Mr. Desmond had advised a subsidiary of the Trump Organization and worked with two of its tax lawyers.

And in 2018, Mr. Trump appointed as commissioner Mr. Rettig, who had written a Forbes column in 2016 defending Mr. Trump’s refusal to release his taxes as a candidate and portrayed the I.R.S. as fully engaged in auditing very wealthy people.

“Teams of sophisticated tax advisers were likely engaged throughout Trump’s career to assure the absence of any ‘bombshell’ within the returns,” Mr. Rettig wrote. “His returns might actually be somewhat unremarkable but for the fact they are the returns of Donald Trump.”

In fact, the few glimpses of Mr. Trump’s taxes have shown much to talk about. The Trump Organization was convicted of a tax fraud scheme this month. The New York attorney general has sued Mr. Trump and three of his children, accusing them of fraudulently overvaluing his assets.

The Times gained access to years of his tax information and published a report in September 2020 that raised numerous questions about the legality of write-offs and deductions he had used to avoid paying any taxes most years. The article prompted the I.R.S. to consider looking at Mr. Trump’s 2017 tax returns, the committee report said.

The I.R.S. has had scant resources for years because Republicans have sought to cut its funding. The report highlighted the agency’s broader struggles in dealing with complicated tax returns filed by wealthy people and criticized its willingness to trust that returns filed by big accounting firms contained accurate information.

Congress has approved an $80 billion overhaul of the I.R.S. intended in part to hire more specialists capable of auditing high-income filers.

The committee released the reports after a party-line vote, exercising a rarely used power to obtain and make public any U.S. taxpayer’s private information.

Congress invoked it in 1974, when a committee released a report about President Richard M. Nixon’s taxes after a scandal about whether he was underpaying what he owed. That scandal led the I.R.S. in 1977 to create its rule mandating audits of presidents and vice presidents, ensuring that agency officials are not put in the awkward position of deciding whether to audit their boss.

The Ways and Means Committee again used that authority in 2014, when Republicans accused the I.R.S. of political discrimination because it used conservative terms like “tea party” when selecting groups to scrutinize for political activities that would make them ineligible to receive tax-deductible donations. But an inspector general determined that the agency had also used liberal terms, like “progressive” and “occupy,” for the same purpose.

Commissioners of the agency are political appointees of presidents. Mr. Koskinen — who had also run the agency several of the years that it was routinely auditing Mr. Obama — was not the only one to say he avoided involvement in presidential audits.

Charles O. Rossotti, who served as I.R.S. commissioner from 1997 to 2002, said that he was aware that presidents were audited as a matter of practice but that he played no role in the process.

“I kept away from that with a 10-foot pole,” Mr. Rossotti said.

The requirement that presidential returns be audited is included in the tax agency’s Internal Review Manual, which offers few details. A 2019 I.R.S. document accompanying the committee report said the examinations were conducted by experienced revenue agents.

“The I.R.S. is not aware of any reports of improper bias or partiality in the conduct of an officeholder’s examination in the more than 40-year history of the mandatory procedures,” it said.

The House committee report also documented an extraordinary lack of resources the I.R.S. dedicated to auditing Mr. Trump’s returns when it belatedly started doing so, initially assigning just one staff member to the matter despite the unusual complexity of his business entities and partnerships.

The committee cited internal I.R.S. memos stating that “it is not possible to obtain the resources available to examine all potential issues” raised by the more than 400 pass-through entities cited in Mr. Trump’s taxes.

“To do a thorough review of these returns, we would need a team much larger than the current team,” it said.

 

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TwiceHorn

TwiceHorn 32132

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If nothing else, that reflects I believe how depleted the IRS has become of the personnel necessary to carry out high level audits.

Which is why Biden wants them to hire so many people.  I suppose that's fun for certain types of people to poke fun at or worse.

But, as has been said, we have a tax code and intentional or negligent failure to enforce it is no way to handle tax policy.

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Al Bundy's Napoleon Hand

Al Bundy's Napoleon Hand 13645

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7 hours ago, TwiceHorn said:

If nothing else, that reflects I believe how depleted the IRS has become of the personnel necessary to carry out high level audits.

Which is why Biden wants them to hire so many people.  I suppose that's fun for certain types of people to poke fun at or worse.

But, as has been said, we have a tax code and intentional or negligent failure to enforce it is no way to handle tax policy.

Make tax returns, like property taxes, publicly available. Follow Texas' lead on abortion to allow any individual to sue any other individual for tax fraud/evasion. 

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Neonmoon

Neonmoon 38130

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24 minutes ago, Al Bundy's Napoleon Hand said:

Make tax returns, like property taxes, publicly available. Follow Texas' lead on abortion to allow any individual to sue any other individual for tax fraud/evasion. 

I don’t know about gen pop, but all elected officials and judges to ensure no bullshit is happening 

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WhatTheBuck

WhatTheBuck 28943

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14 hours ago, UpperWestside said:

Again who here thought this man is worth more than the homeless folks I see everyday? He is flat out broke. He’s not even a dollarnaire. I just spent more on groceries than he’s worth. He is broke. He owes millions to his Russian friends that he cannot pay and despite all his grifting he is still as BROKE as an aggy in a gloryhole trucker’s bathroom.

I wish I were as broke as he is. 

Edited by WhatTheBuck
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