It begs the question, if Trump can use the same tax exemption twice and get away with it for years..
How widespread is this practice amongst the ultra-wealthy?
Is Jeff Yass, for example, financing the end of democracy & the termination of the civil rights of 167 million American women -- just to avoid tax audits?
@Npars01@GottaLaff
I'm sure this is rampant. Real estate has always been the easiest to game including with foreign money laundering. Now people can't even afford apartments or buy houses. We need a very radical reset in 2024. The rich vampires are bleeding us dry!
@Npars01@GottaLaff
Thinking about how all the farmland owned by these "churches" could be weaponized to control the food supply. What if they decide to only provide food to their "flock". This is a VERY concerning development. There is ZERO reason why a "church" can legally own this land. It must be made explicitly illegal. Force them to relinquish it.
@GottaLaff This part made me roll my eyes so hard: "Mr. Trump went so far as to blame the bank and its peers for 'creating the current financial crisis.' He demanded $3 billion in damages."
2/ “ First, he shifted the company that owned the tower into a new partnership. Because he controlled both companies, it was like moving coins from one pocket to another. Then he used the shift as justification to declare $168 million in additional losses over the next decade.”
@GottaLaff Have you heard of #CUMEX ? Huge tax fraud in Germany, where they changed ownership of stocks and got tax refunds twice... Even cancelor Scholz envolved, and the prosecutors are blocked any way they go. When it comes to big money, my hopes for justice are lowest level.
@GottaLaff Why conservatives prefer an underfunded IRS: from the article: "That the IRS did not initiate an audit of the 2008 worthlessness deduction puzzled the experts in partnership taxation. Many assumed the understaffed IRS simply had not realized what Trump had done until the deadline to investigate it had passed. “I think the government recognized that they screwed up,” and then audited the merger transaction to make up for it, Jackel said."
@GottaLaff The average taxpayer pays $13,367 in taxes. It takes the taxes of 7,481 families to make up for the $100 million that Trump cheated our country out of.
@GottaLaff I think Trump has gotten himself into a mess his ego could never have anticipated. In my experience he was regarded as a buffoon - nobody believed his bluffs and he could only get women who need something from him and he got to pull all of the rich white guy tax schemes w/o worry. I don't think he'd be in the current trial, or that this IRS audit would have been completed if he hadn't become President. He could have played the big guy with no consequences if he hadn't over-reached.
@GottaLaff
I suspect any random gov’t agency or regulatory body could “audit” any/every aspect or transaction of Trump’s life and find criminal activity.
Just as he has no relationship to TRUTH, neither does he have any respect for, or even acknowledgement of, any law or moral convention.
@GottaLaff
The main problem with our entire government is that prosecutions that should take 1 year take over 10 years, and they STILL can be APPEALED. What utter bullshit. Only for the the rich though. I would have major penalties and interest if I made the smallest mistake on my tax returns. So furious. 🤬 How many others just like #DonTheCon?
@GottaLaff
It's so wrong. How many years has Congress been doing nothing to allow this level of corruption? The IRS still has plenty of time to go after us little people for outsized penalties. It's just cruel.
@GottaLaff Perhaps the biggest lesson of the Trump presidency is that we need to do a better job of holding rich people accountable for their crimes before they become president.
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