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In reply to the discussion: The argument I'm getting re his taxes HELP! [View all]vlyons
(10,252 posts)30. While tax avoidance is legal
Tax evasion is illegal, as is falsifying records. For example, if he claimed losses of $20mil, but only had losses far less, that is illegal. If he claimed $70,000 for hair styling and falsified receits as such, that's illegal. If he valued a property at $100mil for a bank loan, but it's really worth far less. That's illegal. If he falsified damage records to an insurance company, that's illegal. If he depreciated property far in excess of ordinary and regular depreciation, that's illegal.
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Yes, TRMS did nearly half show on what assests Trump inflated to get loans (link)
uponit7771
Sep 2020
#15
That's still evidence in an investigation and TRMS showed returns and or statements
uponit7771
Sep 2020
#48
So if your brother did the same thing on his taxes and got caught and arrested for
kimbutgar
Sep 2020
#7
His tax cheating is besides the point-- he is and has been bleeding money like crazy for 15 years
andym
Sep 2020
#11
???? I don't think we report our assets on our income tax. Do others. Yes, if we...
LAS14
Sep 2020
#43
His severe and repetitive tax losses indicate that he has a poor balance sheet.
LuckyCharms
Sep 2020
#19
If he's still on the fence by now, he's voting for Trump but just can't admit it to anyone.
TheBlackAdder
Sep 2020
#20
Most of that is true, except for the rich part. But trump is still a conman and loser.
Hoyt
Sep 2020
#25
Easy! Loan apps show he's making lots of money and properties are worth exorbitant amounts
Roland99
Sep 2020
#33
If they were just legal loopholes, every billionaire would be paying only $750 in income taxes.
W_HAMILTON
Sep 2020
#35
What kind of self-proclaimed billionaire (without provable evidence) steals money from his own CCC*?
Lock him up.
Sep 2020
#37
nothing suggest that trump taxes did NOT take full advantage of all the loopholes designed
beachbumbob
Sep 2020
#38