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Arazi

(6,829 posts)

45. Cohen provided Trump's version of things, not legal documents

Mon Sep 28, 2020, 02:03 PM

Sep 2020

"The “statements of financial condition” are not rigorously audited financial documents. According to a cover letter on one of the documents obtained by The Post, they represented Trump’s own estimates about what he was worth and what he owed."

Folks like the OPs brother wont be satisfied with that. He'll just say (like in the WaPo article), these were just fabricated to inflate his worth for the Forbes list - no harm done by that.

I believe we'll soon see hard evidence of that kind of asset inflation for tax fraud purposes but so far it seems we just have Cohen's papers

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The argument I'm getting re his taxes HELP! [View all] Bluesaph Sep 2020 OP

if trump lied on any government form...thats is a felony samnsara Sep 2020 #1

A lawyer would say that it's illegal to understate your income on your taxes Yavin4 Sep 2020 #2

Exactly. TruckFump Sep 2020 #3

Yes. mzmolly Sep 2020 #5

Do we have evidence of that data point yet? Arazi Sep 2020 #6

Yes, TRMS did nearly half show on what assests Trump inflated to get loans (link) uponit7771 Sep 2020 #15

Cohen provided Trump's version of things, not legal documents Arazi Sep 2020 #45

That's still evidence in an investigation and TRMS showed returns and or statements uponit7771 Sep 2020 #48

Cohen testified under oath to Congress that he prepared documents meadowlander Sep 2020 #32

Thanks. That kind of testimony is better evidence Arazi Sep 2020 #46

Yes PatSeg Sep 2020 #50

He's being audited over the 72.9 million mzmolly Sep 2020 #4

That One Is Actually Pretty Clear, Ma'am The Magistrate Sep 2020 #27

I hope mzmolly Sep 2020 #29

So if your brother did the same thing on his taxes and got caught and arrested for kimbutgar Sep 2020 #7

it is not illegal to use legal loopholes Fresh_Start Sep 2020 #8

In the last 15 years trump paid more for sex texasfiddler Sep 2020 #9

Off the top of my head: grumpyduck Sep 2020 #10

His tax cheating is besides the point-- he is and has been bleeding money like crazy for 15 years andym Sep 2020 #11

Ask your brother if he's paying more or less tax uncle ray Sep 2020 #12

I do believe it's illegal to pay your child to lower your tax burden Arazi Sep 2020 #13

try this? Moostache Sep 2020 #14

We are Irish twins Bluesaph Sep 2020 #40

Ask, what would your response be if these were Biden's taxes. Cuthbert Allgood Sep 2020 #16

That's the killer argument. lagomorph777 Sep 2020 #36

Your brother has himself identified the point that invalidates his argument. better Sep 2020 #17

???? I don't think we report our assets on our income tax. Do others. Yes, if we... LAS14 Sep 2020 #43

Yes, for business taxes, at least, you do report assets. better Sep 2020 #55

Dear Brother: he took money from foreign government officials MagickMuffin Sep 2020 #18

His severe and repetitive tax losses indicate that he has a poor balance sheet. LuckyCharms Sep 2020 #19

+1 Negative cashflow for years and years on his tax returns means either: lagomorph777 Sep 2020 #39

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

This Arazi Sep 2020 #47

Trump is a security risk and a poor businessman Bad Thoughts Sep 2020 #21

His debts outweigh his assets...that's why he doesn't pay taxes. Buckeyeblue Sep 2020 #22

He isn't rich. He's broke. In fact he's $410,000,000 in debt SoonerPride Sep 2020 #23

I hears $421 million. But who's counting? lagomorph777 Sep 2020 #41

...none of these arguments hit the problems.... Sancho Sep 2020 #24

+1,000,000 myccrider Sep 2020 #58

Most of that is true, except for the rich part. But trump is still a conman and loser. Hoyt Sep 2020 #25

Good Lord greenjar_01 Sep 2020 #26

Your brother (if he exists) must be glued LisaL Sep 2020 #28

I think this is it! Bluesaph Sep 2020 #34

If your brother is still on the fence PatSeg Sep 2020 #56

+1 honest.abe Sep 2020 #42

While tax avoidance is legal vlyons Sep 2020 #30

The faithful are going to excuse all of it matt819 Sep 2020 #31

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

Tell him it can't be both. Statistical Sep 2020 #44

Take him back to George Washington's words in his farewell address. GoneOffShore Sep 2020 #49

Just stop arguing... lame54 Sep 2020 #51

it is immoral and I can't look up to an immoral leader. He's worth 10B dollars and he is a drain Hamlette Sep 2020 #52

On the fence? Bullsh*t! elias7 Sep 2020 #53

"Taxes are the price we pay for a civilized society." Kid Berwyn Sep 2020 #54

He is raiding the US Treasury to pay off his debt StClone Sep 2020 #57