Is anyone listening to the breaking news about Trump's taxes?

[lunatica]

He and his father were up to their hairlines in tax fraud, shell companies and tax evasion from the time Donald Trump was 8 years old. His father gave Trump millions of dollars for decades.
Trump always failed in all his endeavors and his father always bailed him out. Is father funneled money to Donald in dozens of money laundering and shell fronts.


Woohoo!!

[G_j]

1. Where

is this from?

[DonViejo]

3. GothMog posted the article, from the NYT, in the LBN Forum

https://www.democraticunderground.com/10142170366

[G_j]

17. Thank you

[Ohiogal]

4. The New York Times

Really, is anyone surprised that the orange anus and his father have been lying,cheating, stealing, and grifting all their lives?

His MAGAt base will just applaud his savvy at getting out of paying taxes.

https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html?em_pos=large&emc=edit_ts_20181002&nl=&nlid=74838209edit_ts_20181002&ref=headline&te=1

[OhNo-Really]

78. Are we to believe NYT just learned this? Back to Kavs Prolific Perjury pants on fire discussion

[katmondoo]

5. Nicole Wallace on MSNBC from the NYT

[Gothmog]

19. From my twitter feed

Link to tweet

[True Blue American]

32. Trumps book writer is on Ari

Fred was 85,senile.Donald tried to change his will.
Fred made money,Donald lost it.

[katmondoo]

2. Unbelievable, biggest fraud ever.

[Demovictory9]

16. now we know why he wants to keep his tax returns secret

[Fred Sanders]

63. It would have revealed hundreds of streams of revenue from the estate of his father going back

to before his death...and Don got more than any other son because of his business failures.

The Art of the Deal mask is gone.

[nolabear]

6. Oh yes. It's hit cable news. I hope he has a stroke.

[Meadowoak]

8. "Fake news" from the failing new York times. Bull-leave me.

[Hortensis]

49. "Oh, yes," my response also. Only the details are new news,

including about the giant but otherwise expected tax evasion, for which the statutes have reportedly almost entirely run. Trump has always been dysfunctional and carried by his dad.

But, this comes a month before the midterms and many do NOT know it!

[OhNo-Really]

79. Surely the NYT knew this decades ago. Why now? Kav deflection?

[Hortensis]

81. New Yorkers all knew variations of this, plus everyone

who read national newspapers. Doonesbury did cartoons about Trump corruption for decades. He wasn't president then, though, and much of the detail was still hidden.

Strange notion that reporting on Trump is a "Kav deflection," imo. We're just over a month out from the midterms, btw.

Link to tweet

[MoonRiver]

9. Yes! I was doing this while listening on my satellite radio...

[malaise]

10. Truth will out

What a bunch of criminals

[nycbos]

11. I'm SHOCKED SHOCKED to find gambling going on here.

[Aristus]

12. "Here are your winnings, Major!"

("Oh, thank you very much..." )

[Roland99]

26. Hehe

[Thomas Hurt]

13. Problem is...

this is just makes you a genius, clever, astute, manly businessman to the moral majority.

even before the christian right started committing idolatry with the false prophet Trump this would be the case.

Rank hypocrisy and and lack of shame goes a long way.

[lunatica]

15. I don't care what his base loves.

We’ve wasted valuable time on them. They are on the permanent idiocratic spectrum and a minority no matter how you look at them.

Reporters in the New York Times took months to unravel each string on the corruption of the Gordian Trump family tax evasion knot.

[Bernardo de La Paz]

20. Leave his base in the dust. Encourage all non-voters & sometime-voters to vote D in Nov. . . nt

[brooklynite]

14. I hear The Times expose will run 8 PAGES tomorrow...

[Glimmer of Hope]

29. Dang. I wrote off the NY Times last week I think. I can't remember why.

[Awsi Dooger]

18. Yes, and I am very happy about it

Trump's approval rating has been steadily rising for 3 weeks during this Kavanaugh process, going up 2% on 538.

His approval never steadily rises for 3 weeks. But this rare situation with the spotlight on someone else has enabled it.

We really needed something like this to show up. Now even better is the inevitability that Trump won't be able to restrain from commenting on it, making a fool of himself.

[thegoose]

72. Why the hell would this piece of shit's popularity RISE?

This country is a mess....

[Bernardo de La Paz]

21. New York State Tax Department is listening

https://www.democraticunderground.com/10142170542

New York state tax department reviewing fraud allegations involving Trump in NYT article

6:33 PM - New York state tax officials are investigating allegations detailed in an exhaustive New York Times investigation into Donald Trump and his family's business dealings. The Times reported on Tuesday that Trump and his family committed "instances ... (CNNC)

[Roland99]

27. Gamble v US wouldn't even help in that case!

[bdamomma]

22. yea

so where is information going to get his ass in jail????

[Gothmog]

23. The IRS, though, could still pursue a civil resolution, a civil investigation

Link to tweet

[Roland99]

24. Long Twitter thread here with highlights

Link to tweet

[Sancho]

25. Hypothesis: Did anyone from Mueller's team provide information to the NYT?

just asking????

[lunatica]

30. We'll find out

But from what I can gather neither the IRS or Mueller have been involved in this particular New York Times so.

[albacore]

28. trump is so dumb ...

He apparently thought he could goad the press/media with impunity.
The media has hundreds of really hungry reporters/investigators/writers very anxious to "make their bones" and become "made guys" in the journo biz.

Those fuckers can bite back!
What's that old thing about not making enemies of people who buy ink by the barrel?
What would be the digital-age example of that ink thing...? Don't make enemies who have a LOT of Google experience..? Or something.

[Timmygoat]

31. Please please

Let them put him in prison.

[lunatica]

35. And let the IRS take his kids' money too

[llmart]

46. He's probably used the same scheme to pass money to his kids.

[OliverQ]

33. His supporters are saying it's no big deal of course.

I doubt this will change anything though. Trump is currently immune from consequences.

[lunatica]

34. No one is immune from the IRS

Nobody!

[lunatica]

36. His supporters are idiocrats

They don’t do much thinking at all.

Let’s just leave them in the dust and move on.

[ZZenith]

66. NOBODY is immune from the consequences of their actions.

It may seem like it for an hour or a day, but eventually your shit catches up with you in some awful form or another.

[Watchfoxheadexplodes]

37. Tonight's rally might be interesting

Fool thinks more of financial status than anything.

[Gothmog]

38. Ari on the Beat is covering this story

Link to tweet

[lunatica]

40. I'm watching Ari now

[Gothmog]

58. I stuck in office but I have my twitter feed

Link to tweet

Link to tweet

[Fred Sanders]

68. Documented 236.2 million dollar payday in 2004 for the Con from the estate.

[ffr]

39. After the Republican Tax Cuts for the Rich, the US Treasury could use the money.

Go get 'em IRS!

[lunatica]

42. The IRS also charges penalties and interest.

Bubye Trump Towers!

[Bernardo de La Paz]

43. However, there is a fair chance tRump is under water financially. So Treasury might not get much. nt

[lunatica]

47. They can get all his property, at least in this country.

Golf courses, Trump Towers. And whatever else he and his kids have. If his money is dirty then it was dirty seed money for his kids too.

[Mr.Bill]

74. Most if not all of his properties

are underwater in mortgages. His net worth, I'm sure will prove to be a negative number.

[Freethinker65]

41. And his supporters will insist he is just like them and cares about them or...

Or at least Trump bullies and ridicules the people and minorities they, Trump supporters, have been conditioned to hate.

[lunatica]

45. They're idiocrats.

What do we expect from them? Genius?

[liberal N proud]

44. I fear it will be ignored and go unpunished

[lunatica]

51. Have over owed the IRS?

they get their money, even if it’s on an agreed upon payment plan. And you don’t just pay them what you owe. They add penalties and interest every month.

[Fred Sanders]

61. There is criminal and civil fraud in the real estate valuations, deceiving the IRS so their hands

were tied...

“The theme I see here through all of this is valuations: They play around with valuations in extreme ways,” said Lee-Ford Tritt, a University of Florida law professor and a leading expert in gift and estate tax law. “There are dramatic fluctuations depending on their purpose.”

The manipulation of values to evade taxes was central to one of the most important financial events in Donald Trump’s life. In an episode never before revealed, Mr. Trump and his siblings gained ownership of most of their father’s empire on Nov. 22, 1997, a year and a half before Fred Trump’s death. Critical to the complex transaction was the value put on the real estate. The lower its value, the lower the gift taxes. The Trumps dodged hundreds of millions in gift taxes by submitting tax returns that grossly undervalued the properties, claiming they were worth just $41.4 million.

The same set of buildings would be sold off over the next decade for more than 16 times that amount."

Serious stuff. Tax folk experts are already are saying it is!

[mcar]

48. It's a very well researched piece

Gonna drive Dotard out of his little pea brain.

[Fred Sanders]

69. 16 more corroborating pages tomorrow.

[mcar]

77. Wow!

[kentuck]

50. They should have broken the story into bits...

It is too easy for them to shove aside any single charge, but if they come in numbers, it may be more difficult. Just my opinion.

[Whiskeytide]

71. Who says it's not...?

... we may have more breaking news tomorrow on it. Perhaps they also have trump’s returns?🤟

[marlakay]

52. Why was this not found before?

Surely someone must have suspected with the type of dirty businessman he was.

[lunatica]

55. I'm sure we'll find out.

All of their information was from his father’s papers which a couple of reporters got. Evidently they took the time to unravel every string of information through a huge knot of fraudulent shell fronts.

It will be published tomorrow. It’s hundreds of pages.

[JohnnyLib2]

53. Definitely, this is one to spread wherever we can.

For Trump, it's being hit where it hurts....

[elmac]

54. if he put daddy's money in a stock index fund

he would be worth 100's of mil now instead of broke and owing the Russians his soul.

[lunatica]

59. Yeah. Evidently he was very good at losing money and

failing at his businesses and his father just bailed him out.

[Perseus]

56. Is anyone surprised?

How else would he get where he got? To be a crook you usually do not require a lot of brain power, you just have to be a thief, a lowlife and a fraud, you do need to know how to use people and then throwing them under the bus.

[FakeNoose]

57. The IRS has been after Trump & family for a long time

This has been author David Caye Johnston's beat for probably the last 30 years, maybe longer.

Really the IRS has never ignored this family's tax fraud schemes, they just couldn't get to the company employees who knew what's going on and were willing to talk. Now that the CFO Allen Weisselberg is talking to Mueller, I think the ducks are lining up nicely.

[Fred Sanders]

60. 295 streams of revenue aside from massive gifts for Don the Con...excerpt...

"All told, The Times documented 295 streams of revenue that Fred Trump created over five decades to enrich his son. In most cases his four other children benefited equally. But over time, as Donald Trump careened from one financial disaster to the next, his father found ways to give him substantially more money, records show. Even so, in 1990, according to previously secret depositions, Mr. Trump tried to have his father’s will rewritten in a way that Fred Trump, alarmed and angered, feared could result in his empire’s being used to bail out his son’s failing businesses."

[lunatica]

64. Maybe Fred Trump died knowing his son only used him

It looks like a parent who never admitted that one of his son’s was a psychopathic Narcissist. To realize his son wanted to take control of the father’s will just to help himself.

[Fred Sanders]

67. Fred Trump taught Don how to manipulate real estate values....excerpt from 2016 Politico article...

"A big chunk of Trump’s net worth figure comes from high valuations he bestows on his golf course properties. Trump values nine of his golf properties at “over $50 million” for a total of at least $450 million. He values at least four more at up to $25 million and a fifth at up to $50 million. But golf course valuation experts say there is nothing in the report to support these lofty figures.

“Unless we really know what the income and expenses for the clubs are, it’s impossible to even guess at what the value would be,” said Larry Hirsh, a founder of the Society of Golf Appraisers and the president of Golf Property Analysts. “He’s a classic example of a guy that, when he wants to get a loan or tell you how wealthy he is, he’ll tell you something is worth a bazillion dollars. But when he wants to get taxes reduced, he’ll tell you it’s worth $2.95.”

In fact, a New York state political official accuses Trump of doing exactly that."

https://www.politico.com/story/2016/05/donald-trump-money-net-worth-223662

[Honeycombe8]

62. Says he is STILL receiving the benefits from his dad's help.

I'm not sure how...I just caught that.

[Amaryllis]

65. How shocking.

[Fred Sanders]

70. Shreds the self made billionaire image so, yes, shocking to the unmasked person.

[warmfeet]

73. It is but a tiny fraction of the whole story.

I strongly suspect the entire story will take many years, perhaps decades, to unfold.

In the mean time, lock him, and his minions, the hell up.

Don't bother even making a key.

[Power 2 the People]

75. Would love to see those little rats he calls kids be left with nothing.

Crash and burn Trump.

[calimary]

76. Yes. It's becoming the new lead, or co-lead, at the top

of the show(s).

I STILL want to see the tax returns.

Folks - THIS is one of many, many, many, many, many reasons to VOTE - in a MONTH!!! Only one more month!

We simply MUST flip at least the House of Reps. It’d be great to win back the Senate too but I’m focusing mainly on the House because I think our realistic chances are better there.

If we win control of the House, then FINALLY, At LONG LAST, there will be some containment of this madness. We - OUR reps, would own all the committees. All the chair positions. All the subpoena power. All the power and authority to launch thorough and credible investigations. All the power and authority to set the agenda and move needed legislation and a rehabilitation of our institutions and a defense of what’s left of our democracy. AND the power to shut down the whining and objections of the opposition.

And if we do, I hope to be posting at the conclusion of next month’s election night: “Let the Investigations BEGIN!!!”

[atreides1]

80. Not only Donald

His other kids as well...including his daughter the Federal Judge...but not Fred Jr, it seems!!!