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Wed Oct 5, 2016, 11:30 PM

If dipshit donnie pulled money from his foundation. I wonder how much from partnerships?

I have know some contractors while doing a project will divert materials and labor over to their own house to do repairs, additions, renovations, etc. I wonder what dipshit has done? Some of his partners are overseas and wouldn't have the opportunity to really track what was going on. Get a higher grade marble delivered. Move a few people around. Charge it to the partnership. His past and present partners really should keep a eye out for something like that.

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Reply If dipshit donnie pulled money from his foundation. I wonder how much from partnerships? (Original post)
duncang Oct 2016 OP
radical noodle Oct 2016 #1
Warpy Oct 2016 #2
ColemanMaskell Oct 2016 #3

Response to duncang (Original post)

Wed Oct 5, 2016, 11:49 PM

1. I'm sure

I've also known contractor's to do that (and I spent about 42 years on the financial side of construction). It's really pretty common and Trump would have gone big. He "deserves" the best. I wonder how much of his suite in Trump Tower was expensed out to other places like hotels? Owners who want things they cannot afford personally run it through their business and then can possibly take a loss.

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Response to duncang (Original post)

Thu Oct 6, 2016, 12:00 AM

2. I'm sure his partners, especially in the ventures that went bankrupt,

are asking themselves the same thing.

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Response to duncang (Original post)

Thu Oct 6, 2016, 12:15 AM

3. Good point.

There is that one story where he bought expensive jewelry and had the proprietor mail an empty box to an out of state address, so he could pretend the item had been shipped out of state and thereby avoid paying a substantial New York luxury sales tax.

Even fairly honest contractors and builders sometimes divert materials -- call them leftover materials if you like -- So it's a good bet that someone more open to dishonesty would take advantage of opportunities like that.

Good observation.

Jewelry reference is in this article:
BUSTED: SOLID PROOF TRUMP LIED ON EITHER HIS TAXES OR HIS CANDIDATE DISCLOSURE FORM
http://winningdemocrats.com/busted-solid-proof-trump-lied-on-either-his-taxes-or-his-candidate-disclosure-form/

This is not the only time the billionaire has tried to weasel his way out of paying his fair share in taxes. Trump purchased “The Princess,” one of the most expensive luxury yachts in the world, from the Sultan of Brunei in 1986. To avoid paying $1.75 million to the state of New Jersey in sales tax, he used a lease-back arrangement involving an out-of-state company.

In that same year, Trump, along with a slew of other celebrities, was identified during a New York State investigation into tax dodging by the Bulgari jewelry store on Fifth Avenue. In a scam to avoid paying sales tax to the state, the jewelry store was sending empty boxes to out-of-state addresses for celebrity customers. According to news reports from the time, Trump purchased an item from the store worth $65,000. Trump helped build a case against the jewelry store, who the prosecutors considered the bigger fish to fry, and faced no consequences himself.

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