I think FL Surfdog, who is the MVP of the SI community, is staging a silent protest on this thread by almost single-handedly keeping the SCW (PG 13) thread pages ahead of this one with hundreds of thousands of views. He won't let this thread take over his thread. I am standing and applauding you FL Surfdog. And once I review the hard work you put in today, with all kinds of well endowed 8.5's in outrageously tiny swimwear, I shall disconnect from company wifi and head to the handicapped bathroom to visit the Hub. Thank you, Fl Surfdog, Thank you. RMDN
We now live in a country where the accuser has more rights than the accused. Or guilty until proven innocent. Sound familiar? Yeah this is what happens in communist countries. This is why you dont support communist favoring companies like Apple, Nike and Microsoft. This is why you dont have recording devices in your home. And this is why you dont kneel for you Flag. I fear for my sons future now, the weak and Godless geeks are now taking over our once great Land.
It's to a lawyer's - and by extension, politician's - benefit that a problem not be resolved...that it persists, is made larger and its solution needlessly obfuscated and expensive. Common sense does not prevail.
Good stuff. https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html
I like how they use present value...time value of money makes it sound much greater. Gifting and transferring to trust, Family Limited Parterships, and Corporations are very common estate planning techniques. Where estates get into trouble is with valuation of assets being transferred as it is the basis of the gift. Usually, appraisals are completed on each asset at the time of transfer...then when the estate is being settled, the appraisal is furnished to IRS as a supporting document to that basis. There have been many cases where the IRS has questioned this technique due to undervalued transfers, resulting in penalties. The fact that Mr and Mrs Trump's estate was settled by the IRS tells me that maybe they did the strategy with appropriate valuation. Otherwise, they would have been called out IMO.
Not saying he needs to be indicted for what's in the article by any means, but it shows an obvious pattern of trying to deceive the IRS (daddy handing over a 3.35 million check and walking out with 3.35 million in casino chips and never using them to make it look like legitimate income to cover a looming debt payment on one of his terrible deals). This kind of behavior explains why he is the only president in modern history not to hand over his tax returns. It would damage the myth he has created. It also points out the fact that Trump is by no means a, "self made billionaire" or "business genius". His daddy set him up very nicely and bailed him out of numerous terrible business dealings until his death. If you or I made the business mistakes Trump did in the 80's/90's we wouldn't have a pot to piss in, luckily Fred Trump was always there to bail Donnie out.
...you mean to "not" hand over his tax returns. it's not law to do so. also, can you imagine how convoluted his tax return is? MSM would have a field day. I think it was smart for him to hold it back. I never put too much confidence in his $1m loan theory too. The way these large estates are set up, asset flows to the next generation with intention and tax strategy. I always felt (especially when his parents past and the estate was settled) that coming from wealth gave him an edge on his subsequent success. Gambling is legal. Even thought the chip purchase is a shady end around, I don't see where a law was broken in that instance....do you?