Trump stiffs the IRS

[Trell]

View attachment 40272

https://nymag.com/intelligencer/article/donald-trump-criminal-case.html

The color of Trumps face complements the shirt in a very nice way.

 

[Old Onkyo]

You trust the report completely? If he lost money, his tax bill decreases. That's available to all of us but some don't want to pay taxes, so they find ways to avoid it. Did you see his tax returns? I haven't, but it seems plausible. Without proof, it's all speculation and third-hand info. You can stop kicking me. A report doesn't qualify as proof, even if you want it to be. Verify, verify, verify. If it comes back as true, nail him.

Here is why I “kick you”.

People are free to support and vote for who they like. Win or lose close to half of the population will vote for Trump.
I hate intellectual dishonesty.

You have proven to be above average intelligence, with incredible reasoning, logic, and skill in debate.

Yet you easily and cleverly sit that acumen aside to justify your support for Trump.

You are free to support him. But like I tell my Evangelical Christian friends, you are not free to support him and maintain the appearance of righteousness.

Trump was never qualified to be President of the United States by any measure. By electing him and supporting him regardless, America’s soul has been exposed, and it’s not pretty.

I have never advocated removing him from office. We vote every four years and live with the will of the people.

In for a penny, in for a pound.

 

[MR.MAGOO]

Trump stiffs the IRS? and Pelosi, Obama, Clinton, Bill Gates, etc, and others never did?

 

[Swerd]

Timed perfectly for today's Steam Vent topic… My wife & I got our Mail-In ballots in today's mail. Just a few minutes ago, we finished filling them out.

Tomorrow we will drive to the nearest County Election Board Drop Box. These are guarded & locked steel boxes, emptied twice daily by County Election Officials. There are now about 20 drop boxes spread around the county. By the week before Nov. 3rd there will be more than 50. No need to risk my ballot in the US Mail. I've got nothing against the US Postal Service, but I never needed to say this before last June when Trump inserted his saboteur as Postmaster General.

What Trump has done to the US Postal Service is un-defendable. Its criminal.

 

[adk highlander]

Trump stiffs the IRS? and Pelosi, Obama, Clinton, Bill Gates, etc, and others never did?

Do you have any proof they did? We have proof the dumpster is a crook many times over. Show us what you got other than dreams?

Gates gives away millions a year which is proven. tRump has a non profit and rips people off.

 

[mtrycrafts]

...
I have never advocated removing him from office. We vote every four years and live with the will of the people.

In for a penny, in for a pound.

How about Nixon? Should he have stayed to the end? We have impeachment and removal for a good reason. When necessary, removal is an option.

 

[mtrycrafts]

Timed perfectly for today's Steam Vent topic… My wife & I got our Mail-In ballots in today's mail. Just a few minutes ago, we finished filling them out.

Tomorrow we will drive to the nearest County Election Board Drop Box. These are guarded & locked steel boxes, emptied twice daily by County Election Officials. There are now about 20 drop boxes spread around the county. By the week before Nov. 3rd there will be more than 50. No need to risk my ballot in the US Mail. I've got nothing against the US Postal Service, but I never needed to say this before last June when Trump inserted his saboteur as Postmaster General.

What Trump has done to the US Postal Service is un-defendable. Its criminal.

Must have been a short ballot for you two.

 

[mtrycrafts]

Do you have any proof they did? We have proof the dumpster is a crook many times over. Show us what you got other than dreams?

Gates gives away millions a year which is proven. tRump has a non profit and rips people off.

Ah... he had a nonprofit. Now it is shut down and cannot have one anymore, unless that part is for NY state only.

 

[Old Onkyo]

How about Nixon? Should he have stayed to the end? We have impeachment and removal for a good reason. When necessary, removal is an option.

Go for it!

 

[adk highlander]

Ah... he had a nonprofit. Now it is shut down and cannot have one anymore, unless that part is for NY state only.

Definitely in NY. Not sure about others.

 

[Irvrobinson]

Gates gives away millions a year which is proven. tRump has a non profit and rips people off.

Let's take a look at the Gates Foundation. The financials are available here:

Financial Information | Bill & Melinda Gates Foundation

We post our audited financial statements and 990-PFs to the site as they become available.

www.gatesfoundation.org

I'm not used to reading the financials for a foundation like this, but as far as I can tell:

- The operating expenses of the Gates Foundation were $226 million in 2019.

- They previously spent about $500 million on their headquarters building, and the foundation is depreciating it over 40 years. Bill & Melinda apparently made a dedicated $350 million donation to help cover construction costs.

- The net assets of the foundation are $43 billion.

- They seem to have an on-going run-rate of $7.5 billion to $8 billion in grants payable, but the amount they actually paid out appears to be $4.3 billion in 2019. Of the $4.3 billion, $459 million was spent domestically, the rest globally. So the Gates Foundation is mostly a foreign-aid organization. Interesting.

- The change in value of the net assets of the foundation was just under +$3 billion dollars for 2019. So if they're giving away $4.3 billion and their investment income is about $3 billion, the net amount they're actually giving away of a $43 billion dollar foundation is $1.3 billion. Interesting. $1.3 billion is just over 3% of the value of the foundation, so I must not understand how they get to the 5% minimum required distribution. They must use a different denominator than I'm using in that calculation. Perhaps it's the $4.3 billion, and they're reporting that they gave away 10% of assets. Of course, I'm not a CPA, and I'm not an expert in foundations.

Taxes on failure to distribute income - Private foundations | Internal Revenue Service

Overview of taxes on private foundations for failure to distribute income under Code section 4942.

www.irs.gov

- If they gave away $4.3 billion and their operating expenses were $226 million, that means their overhead is about 5.26%. That's about the same percentage as the United Way national organization runs.

Overall, when I look at the Gates Foundation, I'm seeing a very wealthy non-taxable entity with a fancy building and a huge staff (~1500 employees) that seems to be giving away the minimum required charitable distribution largely as foreign aid.

 

[Hetfield]

Let's take a look at the Gates Foundation. The financials are available here:

Financial Information | Bill & Melinda Gates Foundation

We post our audited financial statements and 990-PFs to the site as they become available.

www.gatesfoundation.org

I'm not used to reading the financials for a foundation like this, but as far as I can tell:

- The operating expenses of the Gates Foundation were $226 million in 2019.

- They previously spent about $500 million on their headquarters building, and the foundation is depreciating it over 40 years. Bill & Melinda apparently made a dedicated $350 million donation to help cover construction costs.

- The net assets of the foundation are $43 billion.

- They seem to have an on-going run-rate of $7.5 billion to $8 billion in grants payable, but the amount they actually paid out appears to be $4.3 billion in 2019. Of the $4.3 billion, $459 million was spent domestically, the rest globally. So the Gates Foundation is mostly a foreign-aid organization. Interesting.

- The change in value of the net assets of the foundation was just under +$3 billion dollars for 2019. So if they're giving away $4.3 billion and their investment income is about $3 billion, the net amount they're actually giving away of a $43 billion dollar foundation is $1.3 billion. Interesting. $1.3 billion is just over 3% of the value of the foundation, so I must not understand how they get to the 5% minimum required distribution. They must use a different denominator than I'm using in that calculation. Perhaps it's the $4.3 billion, and they're reporting that they gave away 10% of assets. Of course, I'm not a CPA, and I'm not an expert in foundations.

Taxes on failure to distribute income - Private foundations | Internal Revenue Service

Overview of taxes on private foundations for failure to distribute income under Code section 4942.

www.irs.gov

- If they gave away $4.3 billion and their operating expenses were $226 million, that means their overhead is about 5.26%. That's about the same percentage as the United Way national organization runs.

Overall, when I look at the Gates Foundation, I'm seeing a very wealthy non-taxable entity with a fancy building and a huge staff (~1500 employees) that seems to be giving away the minimum required charitable distribution largely as foreign aid.

I bet he didn't spend a half million bucks on a portrait of himself like some clown we know that is one of many things that eventually shut down his charity.

Sent from my Pixel 4 XL using Tapatalk

 

[Irvrobinson]

I'd bet money on this woman getting an orange jumpsuit, but not Trump:

Former Amazon manager made $1.4 million from insider trading, SEC alleges

The commission alleges that Laksha Bohra, who worked as a senior manager in Amazon's tax department, had access to confidential information from Amazon ahead of the company's quarterly and annual earnings reports.

www.cnbc.com

 

[Alex2507]

giving away the minimum required charitable distribution largely as foreign aid.

I kinda like that, both parts. After watching all those commercials with starving black children, I'm down with the foreign aid and I generally respect pressing every advantage.

Speaking of Gates, down in Fla, pre-Y2K, I overheard one construction rat ask another construction rat if he thought Bill Gates knew he was The Anti-Christ.

 

[Swerd]

Speaking of Gates, down in Fla, pre-Y2K, I overheard one construction rat ask another construction rat if he thought Bill Gates knew he was The Anti-Christ.

Maybe he should ask Steve Jobs. He might be in a position to know.

 

[Ponzio]

Maybe he should ask Steve Jobs. He might be in a position to know.

Why pick on the dead when we have a living/breathing a$$hole that should be modeling a new jumpsuit, Facebook's Zuckerberg, another piece of ...

Cambridge Analytica anyone?

Another guy who humps the US flag, while declaring his love for our country and free speech.

Besides this guy, who openly talks & fantasizes about how ‘hot’ his daughter Ivanka is.

I think I’m gonna be sick. Easy stomach.

 

[Gmoney]

Oh now Fake News gonna bring up Corruption? lmao. Politicians, Cartels, Charities, Churches, Donations, Cooking Books, Racketeering, Vegas Casinos. Endless list. Two Party system Ruining this country.

 

[Gmoney]

Maybe he should ask Steve Jobs. He might be in a position to know.

 

[Gmoney]

Why pick on the dead when we have a living/breathing a$$hole that should be modeling a new jumpsuit, Facebook's Zuckerberg, another piece of ...

Cambridge Analytica anyone?

Another guy who humps the US flag, while declaring his love for our country and free speech.

Besides this guy, who openly talks & fantasizes about how ‘hot’ his daughter Ivanka is.

I think I’m gonna be sick. Easy stomach.
View attachment 40284

@Ponzio:, You picked up on that to huh? Kinda reminds me of that WWE dude who was photographed rubbing his daughter down with oil with her top off in a very Skimpy bikini. She was on Laying on her stomach. Paparazzi's them Constructs "rats" don't get enough credit in my book.

 

[Gmoney]

Stormy Daniels probably paid more.