SCOTUS - Trump taxes to be released

[Jimmy Higgins]

The Supreme Court cleared the way for a New York prosecutor to obtain former President Donald Trump's tax returns, dealing a massive loss to Trump who has fiercely fought to shield his financial papers from prosecutors.

link

This will put Trump under the microscope.

 

[GenesisNemesis]

Will he get jail time?

Narrator: he won't

 

[Shadowy Man]

Will he get jail time?

Narrator: he won't

I agree, but Cohen did do jail time and Trump is a co-conspirator, so it’d be the fair thing to do.

 

[ZiprHead]

 

[ideologyhunter]

I hope the former Asshole In Chief is inundated, monopolized, paralyzed with legal and financial woes. May he wish he'd never gone into politics.

 

[TomC]

I hope the former Asshole In Chief is inundated, monopolized, paralyzed with legal and financial woes. May he wish he'd never gone into politics.

Trump lived a long life, dominated by greed, deceit, and sleaze. He has a lot to hide. That's why I firmly believe that his presidency was the result of a publicity stunt that snowballed out of control.

I don't think he had any interest in public office. Way too much work and exposure for his liking.
Tom

 

[lpetrich]

I don't think he had any interest in public office. Way too much work and exposure for his liking.
Tom

I think that he wants the position of President without doing any of the work of it.

 

[TomC]

I don't think he had any interest in public office. Way too much work and exposure for his liking.
Tom

I think that he wants the position of President without doing any of the work of it.

I get what you're saying, but I don't think it's anything like that simple.

I think:

Trump had been talking about running for high office for years, but never actually did it. He just liked to talk about it.
However, he saw other people doing so, like Hillary and Mitt, and raise their brand. Even though they lost the election. So Trump decided to do it. Throw his hat into the ring as a presidential candidate, with no plans to be president or anything. Just boost his brand, boost his name recognition, get publicity...

But a bunch of people saw him as an easy mark. Easily led by his ego. People from the ill-informed rednecks to Vladimir Putin to evangelical Christian leaders to high rolling Republicans like McConnell. People who saw Trump as a "useful idiot" flocked to the cause.

Trump was too far out of his depth to realize that he was being used. He's too egotistical and privileged to recognize that he was being manipulated by people with agendas. Agendas that weren't his own or that of responsible governance of the USA. So he kept flailing along, unable to recognize that he was sinking.

I'm sure that losing the EC, in 2020, was an unimaginable blow to his self image. He was accustomed to getting his way regardless of legalities. The realization that the Trump brand was taking a huge hit made him crazy. That's why he did what he did in December and January.

And the rest is history.

Tom

 

[Worldtraveller]

Unfortunately, his taxes probably won't be made public, in the way many famous people and politicians have happen, but they will be released to, at the very least, the various prosecutions and investigations going on around the country.

 

[TomC]

Unfortunately, his taxes probably won't be made public, in the way many famous people and politicians have happen, but they will be released to, at the very least, the various prosecutions and investigations going on around the country.

Let's get Assange on the job.
Finding and publishing sensitive information, despite the law.

Oh wait. He and his friends probably won't. Because causing global problems for Putin and his Republican buddies isn't what they do.

No. They're all about trashing the patriotic Americans that aren't particularly friendly to Putin.


Really, nowadays, you can't be a Republican conservative if you don't find Putin a role model.

Boy, have things changed since I was a kid.
Tom

 

[T.G.G. Moogly]

I don't think he had any interest in public office. Way too much work and exposure for his liking.
Tom

I think that he wants the position of President without doing any of the work of it.

There's an understatement. The fact is he wants everything for nothing. If there's an actual price for something he'll find a way to pin it on someone else.

This will go on for a long time, well into 2024. It's not like his worshippers will be affected by it because they want the same things for themselves and commit the same fraud. But it will certainly be a big part of the Trump future, not only for Boy Orange himself but the whole family mob. We're likely to see fellow mobsters distancing themselves from the boss. One lesson certainly they've taken from Orange's behavior is that disloyalty and throwing fellows under the bus can pay big dividends.

 

[TomC]

Unfortunately, his taxes probably won't be made public, in the way many famous people and politicians have happen, but they will be released to, at the very least, the various prosecutions and investigations going on around the country.

I don't see any important reason to make the numbers and data from Trump's tax returns public, to me. I wouldn't understand it.

But making them available to people who can spin it is entirely different. People who can lie and dissemble like McConnell and Limbaugh and Trump? Sure!

Make statements that are as honest as Trump's birtherism, and far better supported? As honest as Trump's claim that he'd release his tax returns before the election, but far better supported?

Yeah. I think that's a good way to encourage honesty amongst politicians. Prevent them from lying about the lies they've told.
Tom

 

[Jimmy Higgins]

Unfortunately, his taxes probably won't be made public, in the way many famous people and politicians have happen, but they will be released to, at the very least, the various prosecutions and investigations going on around the country.

We don't need to see them, with just need any illegalities dealt with and those will be public record.

 

[Elixir]

I think that he wants the position of President without doing any of the work of it.

... if by "position" you mean "immunity", then - yeah.

 

[hurtinbuckaroo]

The Manhattan DA has the documents. Millions of pages.

https://www.washingtonpost.com/nati...61b6b4-7779-11eb-8115-9ad5e9c02117_story.html

 

[barbos]

Will he get jail time?

Narrator: he won't

I understanding that having different asset evaluation for banks and tax purposes is jailable offence. Someone would have to be jailed, Barron Trump? Or Cancun Ted children maybe?

In any case, why can't IRS do all the work on their own?

 

[Keith&Co.]

Will he get jail time?

Narrator: he won't

I understanding that having different asset evaluation for banks and tax purposes is jailable offence. Someone would have to be jailed, Barron Trump? Or Cancun Ted children maybe?

the stsste may like jail.
For rich people, the IRS really prefers really big fines and having them work it off. Proceeds of your next book, or album, or your casino earnings for the next five years.....ooops.

In any case, why can't IRS do all the work on their own?

They did their audits. They don't really care how much he altered the value of property for the bank as long as he paid the government the taxes they think he owed them. The rest is beyond their jurisdiction.

 

[Jimmy Higgins]

Will he get jail time?

Narrator: he won't

I understanding that having different asset evaluation for banks and tax purposes is jailable offence. Someone would have to be jailed, Barron Trump? Or Cancun Ted children maybe?

In any case, why can't IRS do all the work on their own?

You mean other than being underfunded?

 

[Harry Bosch]

Will he get jail time?

Narrator: he won't

I understanding that having different asset evaluation for banks and tax purposes is jailable offence. Someone would have to be jailed, Barron Trump? Or Cancun Ted children maybe?

In any case, why can't IRS do all the work on their own?

Yes, misrepresenting your PFS is a crime. But the larger issue is that it appears that he has been overstating the value of purchases (dish/laundry washers, beds, and etc) in order to write down expenses (decreasing net income decreasing taxes) and also expensing capital assets rather than capitalizing them (depreciating them).

 

[TomC]

Yes, misrepresenting your PFS is a crime.

It's not even this sort of nitpicky stuff.

I remember an episode from the Madoff investigation.

Some big shot financial investment analyst was considering investing megabucks in Madoff's firm. So she had a personal conversation with Bernie. He described some brilliant financial deals he'd pulled off in years past. But she was experienced and savvy. She knew what the signs of such trades would be in market fluctuations. She saw no signs of them, and correctly presumed that Madoff was lying. And that those lies suggested that Madoff was more Ponzi scheme than market acumen. She decided not to invest. And she also reported this to the SEC. Unfortunately, they did nothing. And lots more people got sucked in to Madoff, who could have been spared.
My point here is that while most of us wouldn't understand much from Trump's tax returns, savvy and experienced people, who know how to interpret the information, can figure out a ton of stuff that isn't actually mentioned.
Tom