Trump's Brazen Tax Cheating Revealed

[douglas9]

Donald Trump knowingly committed dozens of brazen tax frauds during the six years when he ran for office and was President, my analysis of the Congressional report on his tax returns and other documents shows. This explains why he fought all the way to the Supreme Court in a failed effort to keep his tax information secret.

One technique he used at least 26 times between 2015 and 2020 was as simple as it was flagrant. Trump filed sole proprietor reports, known as Schedule C, that showed huge business expenses despite having zero revenue. That created losses which Trump used to offset his income from work and investments, thus lowering his income taxes. Additional Schedule Cs had expenses exactly equal to revenues while only a few showed profits.

Trump knew this was unlawful because he lost two trials over his 1984 income taxes in which he did the exact same thing, a story I broke in June 2016. Both judges, in scathing opinions, ruled that Trump committed civil tax fraud.

That Trump persisted in using the same fraudulent technique in six years of recent tax returns is powerful evidence of mens rea or criminal intent. This device is not Trump’s most lucrative tax cheating technique, but it is the easiest for jurors to understand should Trump be indicted on tax charges.


https://www.dcreport.org/2022/12/27/trumps-brazen-tax-cheating-revealed/

[chicoescuela]

1. I would say lock him up, but that goes nowhere.

[SledDriver]

15. God forbid we hold a Republican accountable, especially this close to an election

[DENVERPOPS]

20. Yea, me too

One has to ask...............where the FUCK has the IRS been all these years??????????? Seriously! Let alone looking into all the other TENS OF THOUSANDS OF UBER RICH TAX RETURNS........

I am so so tired of watching this country's WHITE PRIVILEGED, and WEALTH PRIVILEGED, getting away with everything, and making off with everything.........

It is an absolute Travesty that Trump & Spawn haven't been nailed for COUNTLESS counts of tax evasion and the massive amounts of outright flagrant criminal fraud. Same with thousands of other Corporate executives, and the Corporations they work for.

This has been planned and executed for so long by the Republicans fucking with the IRS. Year after Year of IRS employee cut backs to where the IRS figures it is easier to go after the low hanging fruit. The quite literally don't have the high level expertise of CPA's and TAX attorneys needed to wade into the big boys and girls tax returns.

I remember when HW was in office. It was reported that he had a meeting with the head of the IRS. Seriously. AND HW told the head of the IRS he was giving him enough money to hire 20,000 additional auditors. The head of the IRS said GREAT! Then HW told him that they were to target the 15K to 25K earners, because THAT was where the fraud is taking place. The head of the IRS stared at HW and said #1 if it was that group, all the audit might turn up is maybe a couple of hundred at best. #2 most of those people are hourly wage earners and get a 1040? and how are they gonna get away with any fraud with that???? #3 he said that their research had well documented and proven, for decades, that the serious and big money fraud is committed in the 200+ thousand dollar crowd and that that fraud was some major dollars. He told HW that the higher the yearly earnings, the more fraud they encountered, and the amount of the fraud was much greater in each case, which resulted in MAJOR dollars of Tax Evasion. The report said that HW said, if you target the 15-25K taxpayers, I will give you the money, otherwise forget being able to get any new auditors. Obviously, the guy running the IRS didn't get any new auditors. The IRS is currently operating with only 60% of staffing minimums, and is one to three years behind examining all tax returns...........

Some famous French guy, back when our Democracy evolved in the 1700's stated:

"Democracy will work, until some groups and politicians realize that they can vote themselves money"

And here we are, with that situation currently being, the law of the land.................

And every year since Reagan was corruptly and criminally, and using Treason "installed", I have watched it getting progressively worse..........The Fucking Over of the entire middle and lower class, at this point in time, is quite literally un-fathomable.....

They weren't caught corruptly installing Reagan, and HW, and W. and we, in the lower and middle classes have paid the price for the rich to get richer, exponentially....................

[Magoo48]

28. They've been chasing around working people for a coupla hundred bucks.

[LudwigPastorius]

33. It's easy to avoid an audit when you appointed, and were the boss of, the corrupt...

Commissioner of the IRS.

[DENVERPOPS]

34. And have that commissioner

target your enemies with the maximum audits for no reason except malice....which he did.......

[soldierant]

37. They have been under the control of a curupt director

who directly reported to a corrupt secretary.

Let's try to put blame where it belongs, rather than on a department which is primarily made up of federal civil servants just trying to do their jobs despite their bosses.

[flying_wahini]

39. DenverPops- I am 100% with you on this.

Why is this never addressed? (I know)
It’s been well known for DECADES.

[DENVERPOPS]

44. Why hasn't this and many other things

Why hasn't this and many other things ever been addressed/????????????/

The only thing the Republicans and Democrats in the House and Senate can agree on unanimously, is not to do anything that will effect themselves, the Corporations, the Uber Rich, or any and all major donors to their campaigns. Sure there are a few of them that are willing to try to do something, but in the end, just look at the Net Worth of the house members and senate members. They all have so much more free time when they don't have to campaign for grass root money of five or ten bucks at a time, when some corporation or single Uber Rich gives them more all in one donation than they can get from running around getting somewhat tiny donations from the people.

Some French? guy back in the 1700's, when we first declared us a Democracy said:

"Democracy will work just fine until some political party or group of Uber Wealthy figure out that they can vote themselves money......."

For fun, check out, (google) the net worth of politicians in Congress and Senate, Republicans and Democrats alike. You may be shocked at what you see..............Ever wonder why a candidate was willing to seek and spend Tens of Millions of dollars to get and to keep a job that only pays a couple of hundred thousands a year......LOL

I can remember when Lyndon Johnson basically went into the presidency without much money, and came out with a Net Worth of over twenty million a few years later. And, don't forget the massive amount of knowledge they gain in advance of the public and stock markets, that they can use (insider trading it's called) to make their networth soar..........

George Carlin said something like: It's a private group, AND YOU AIN'T IN IT FOLKS...............NOT SO FUNNY ANYMORE, IS IT....

[lees1975]

43. Exactly. The crimes have piled up and DOJ has already ignored a mother lode of them in the Mueller

report.

None of this comes as a surprise. He's been a corrupt lying cheat all his life. He lives in a different America than the rest of us do.

[Beachnutt]

2. And he still sits on a Golden Toilet

and plays golf daily.

[Scrivener7]

3. Huh. Wonder what the consequences will be.

[dutch777]

10. Would be nice to see the IRS take an interest and clawback the ill gotten gains with interest &

penalties. Same with state tax agencies. I don't get the silence on that part of it. Or is it, oh, you lied but we fell for it, so you get away with it? I am all for prison time but getting financial judgements and seizures would really hurt Trump Inc., including the kids...where they live.

[Scrivener7]

22. Yes. That would be VERY nice.

[Irish_Dem]

4. For a career criminal the protective POTUS shield was a dream come true.

[PSPS]

12. The made-up "protective POTUS shield," that is.

[Irish_Dem]

13. It is real. So far Trump is treated with kid gloves.

And has been given more respect and leeway than any other American citizen
who has committed the same crimes.

We don't yet know the extent of the magic shield for Trump.

[in2herbs]

5. From the article: "...between 2015 and 2020 was as simple as it was flagrant. Trump filed sole

proprietor reports, known as Schedule C, that showed huge business expenses ..."

As president most of this time and to avoid a conflict of interest, I thought he had given running of his businesses to his kids? So, how was he able to file these reports?

[UpInArms]

25. This 👆🏼X 💯

eom

[Justice matters.]

27. Maybe "had given running of his businesses to his kids" was just another LIE ummm?

Just one more out of the over 33,000 other LIES?

Nobody will ever DO anything about it anyway, so why not?

[LudwigPastorius]

32. "Sole proprietor" only refers to ownership of the business.

Trump did not sell off his interest in the company, therefore it was his responsibility to file returns for it.

Trump employed Qusay and Uday to (supposedly) manage the day to day operations. A sole proprietor can have any number of employees.

[dalton99a]

6. Kick

[niyad]

7. Stroke out already, you F'n, murdering, orange TRAITOR**.

[Bird Lady]

31. You and me both

I ask the powers everyday to visit a massive stroke that either kills him outright or makes him a drooling slab of fat.

[Fullduplexxx]

8. Not to worry I just know our doj will be all over that Like stink on a monkey

[getagrip_already]

17. I think this would have to be an irs action....

And they were neutered under tfg and still have his appointees.

It is also illegal for any exec branch employee to call for an audit.

Congress could have issued a referral, but likely didn't have te.

[Ray Bruns]

9. He is a one trick pony.

[Historic NY]

11. Tax alchemy

good name for Trumps income taxes.

[StocktonNative]

14. Did he take the credit for being out with COVID?

There is a deduction for being quarentined for 10 days...and caring for people with the COVID.

HMMMMM.

[halfulglas]

16. I wonder, if T dies before all this is settled, does the government

still get to claw back our money from the estate? He is blatently living lavishly off tax cheat money.

[garybeck]

18. I have a schedule C sole proprietorship. I don't think

That losses from sched c can offset income from other sources like income. I'm not an accountant but I've never seen that happen on my filings. I have always thought it was more like investments. If you make money you have to pay taxes on it, if you lose money you don't get to use that loss against your income. If I'm wrong, I think TurboTax needs to redo their equations.

[liberal N proud]

19. We all knew this must be why he would not release his taxes

We all knew he was hiding something.
You don’t hide things unless your hiding things

[ShazzieB]

36. Or to put it another way...

People who have nothing to hide hide nothing!

[Jarqui]

21. Is there a link to his tax returns yet? ...nt

[republianmushroom]

23. when does the DoJ indict ?

Last edited Tue Dec 27, 2022, 03:06 PM - Edit history (1)

23 months and counting

[FakeNoose]

24. When Chump became Potus, one of the first things he did

... was to dismantle the IRS. He had at least half the IRS employees fired, and the ones who were left were critically short-handed. Does anyone remember that? I sure do. He probably cackled with glee when he did it too.

By the way Chump did the same thing at the State Department when career diplomats were laid off or fired by the thousands. I remember there were a lot of DUers protesting at the time, and even Rachel Maddow did a few shows about it.

Every Cabinet secretary that Chump appointed was hired for one reason - do as much damage as you can. Shut it down, dismantle the system, lay people off, slash their budgets.

Are the Democrats trying to undo and fix this damage? I don't think so. If they are, I'm not hearing about it. I think the Dems are just trying to tread water and fight off more damage while we still can. FDR's New Deal died at the hands of Chump.

[flying_wahini]

40. And DeJoy isn't in jail, either.

[llmart]

41. Why do you think he ran for President in the first place?

He didn't want to do the work that's required or "make the country great again". He ran so he could place the people in charge who would look the other way at his criminality.

He's a crook, has always been a crook. To think that because of some stupid reality TV show, millions in this country thought he was a good businessman.

They also need to look into the Kushner family returns.

[Yo_Mama_Been_Loggin]

26. K&R

[LaMouffette]

29. Just imagine the transformation of the IRS that could be done if Kamala Harris was president,

Katie Porter was vice president, Elizabeth Warren was secretary of the Treasury, and Alexandria Ocasio-Cortez was head of the IRS.

Nothing against our outstanding Democratic men, mind you. Just throwing out the names of some of my most-favorite Democratic women.

Oh, and if the Democrats had a super majority in the House and Senate. That would be amazing, to see what our Democratic stars could accomplish.

[ZonkerHarris]

30. Forget jail now. Can he just choke to death on a chicken nugget?

[czarjak]

35. "You can't see my taxes, they're under audit", was a ruse. Believe or my CPA.

[jmowreader]

38. PLEASE...

tell me a former president of the United States isn't stupid enough to run what is supposedly a multibillion-dollar enterprise as a sole proprietorship. I know we're talking about Donald Fucking Trump, but still...

I am SO ready for Friday to come. That's when his tax returns will be released to the public.

Also, the zero revenue/huge expenses thing is a massive red flag. No one in hell is going to believe Trump runs a business that generates zero revenue. I can understand expenses vastly higher than revenue, which is why the Trump Shuttle and his casinos all failed. But come on: no revenue at all?

[The Jungle 1]

42. How did this happen?

Did democracy fail or did the checks and balances fail.
Yea press I am looking at you.