Follow the Money

[G_j]

This from Norman Goldman,

What is #BenedictDonald most afraid of? Exposure of his close financial ties to #Putin (plus other unsavory characters) and the Russian Mafia. His #TaxReturns and bank records should show the depth, breadth and longevity of the money laundering, but some is already out in public. If #Mueller stayed away from the finances of #TraitorTrump (and that may well be the case) then it could easily be the financial crimes issue that got #CriminalDonald so freaked out and worked up about the Mueller probe. Congress must now do this job. #FollowTheMoney. Especially with this guy.

https://www.washingtonpost.com/graphics/2019/politics/trump-statements-of-financial-condition/?utm_term=.98d7df73b254

[leftieNanner]

1. I have a question

How would money laundering of Russian money show up on his tax returns?

I mean, you wouldn't put "illegally gotten funds" as a line item.

[htuttle]

2. No, you'd call it an expense for 'property maintenance fees', and it would be far higher than normal

And it would be paid out to a firm that you controlled or owned. At that point, the money would be clean, and you don't have to pay taxes on it, since it's an expense. You'd kick back a percentage of it to Russians (since it was their money to begin with) through a similar shell corporation (like where ever the property maintenance corp buys it's cleaning supplies, etc).

The tax returns would be used to verify what he said he spent and who he paid it to.

[leftieNanner]

3. Thank you

I recall how all of Trumpy's family would overcharge "themselves" for building maintenance by using their own shell company as a pass through entity, enabling them to claim these high expenses as an excuse to raise the rents in their "rent controlled" apartments.

What a bunch of crooked creeps!

[Wounded Bear]

4. "Follow the money" has been the strategy of choice since they invented money...

and its ties to politics and power.