It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Help ATS via PayPal:
learn more

Trump Refused to Pay Winner of 1M Golf Contest Prize Used Charity Money to Settle

page: 10
64
<< 7  8  9    11  12  13 >>

log in

join
share:

posted on Sep, 22 2016 @ 02:33 PM
link   
a reply to: network dude

I agree. Bring it on.

The rumors are running thick and are quite distracting.
edit on 9/22/2016 by Phage because: (no reason given)




posted on Sep, 22 2016 @ 02:36 PM
link   

originally posted by: windword
a reply to: UKTruth




The IRS are auditing his businesses. I don't know if that includes the charity.


I know that. No, his charity and his personal finances are separate entities.


His personal finances are tied into all his businesses - all 500+ entities. That is what will be on his income tax returns.


The reason Trump's tax returns are so complicated is that the Trump Organization is a somewhat unusual business venture. A more typical rich entrepreneur might have founded a company that later staged an IPO, and Trump would be rich today because of a mix of salary he has paid as CEO of his own company and because he owns shares of stock in the company. But the Trump Organization isn't a company at all. Instead, it's simply a catchall phrase for a loose agglomeration of approximately 500 separately incorporated entities that Trump either wholly or largely owns. Each of these companies has its own set of transactions each year, which end up registering on Trump's personal taxes. So the complexity of Trump's tax situation is real, and the audits very likely are too. By the same token, the complexity of Trump's financial situation is precisely why seeing the tax returns would be interesting and could offer valuable insight into Trump.


It's not clear one way or the other whether his foundation is included.



posted on Sep, 22 2016 @ 02:38 PM
link   

originally posted by: Phage
a reply to: UKTruth


I think and Trump has been audited by the IRS every year for a decade.
Yes. He claims that. About his personal tax returns.


Phage - his personal tax returns and his business tax returns are one in the same (more or less).
It's all under audit as confirmed by his lawyers in writing.



posted on Sep, 22 2016 @ 02:43 PM
link   

originally posted by: UKTruth

I hate to shatter your opinion of CEO's but most will never look at the codes - they will see an amount and a payee and say 'yeah, I recognise that', then click the approve button.


Make sure you understand Trump has a pattern of doing this. The Golf Course is not the only one.

www.esquire.com...



posted on Sep, 22 2016 @ 02:43 PM
link   
a reply to: UKTruth

Look, we have something called "Income Tax" here in the US. We are taxed on our individual income, not on what our businesses make. Donald Trump gets profits from his companies in the form of dividends, salaries and bonuses. That is his income, cut and dry. His businesses file separately, as does his charity, and are not connected to his income taxes. Them's the facts.


edit on 22-9-2016 by windword because: (no reason given)



posted on Sep, 22 2016 @ 02:49 PM
link   
a reply to: UKTruth


Phage - his personal tax returns and his business tax returns are one in the same (more or less).
False



posted on Sep, 22 2016 @ 02:51 PM
link   

originally posted by: windword
a reply to: UKTruth

Look, we have something called "Income Tax" here in the US. We are taxed on our individual income, not on what our businesses make. Donald Trump gets profits from his companies in the form of dividends and salaries. That is his income, cut and dry. His businesses file separately, as does his charity, and are not connected to his income taxes. Them's the facts.



Did you read the snippet I posted?
He has 500+ entities that contribute to his income, undoubtedly through a mix of salary from each one and dividends he takes from each one. The point is that his businesses being audited, all the entities, is directly related to his personal income tax return. An audit of his income tax returns will involve all his business entities, just like his lawyers said in writing.



posted on Sep, 22 2016 @ 02:51 PM
link   
a reply to: Phage

I doubt Trump even owns any businesses at all. I would imagine they're all incorporated and owned by stockholders.



posted on Sep, 22 2016 @ 02:56 PM
link   
a reply to: UKTruth




An audit of his income tax returns will involve all his business entities, just like his lawyers said in writing.


Nope. A person can hold more than one job, getting more that one paycheck, or receive money from several different clients. When reporting that personal income to the IRS, those businesses that paid that person, and the clients that paid that person aren't also filing in tandem with the payee.



posted on Sep, 22 2016 @ 03:00 PM
link   

originally posted by: Phage
a reply to: UKTruth


Phage - his personal tax returns and his business tax returns are one in the same (more or less).
False


Something "more or less" can't be false.
It can be somewhat false or somewhat true.


He is being audited - and the way his businesses are set up means all his income from all his 500 plus entities will be under review, countless transactions from those business tied to his personal income tax return.
This was stated by his lawyers and is not debatable unless you think his lawyers are lying.



posted on Sep, 22 2016 @ 03:01 PM
link   

originally posted by: windword
a reply to: Phage

I doubt Trump even owns any businesses at all. I would imagine they're all incorporated and owned by stockholders.



Untrue - again according to his lawyers.



posted on Sep, 22 2016 @ 03:02 PM
link   

originally posted by: windword
a reply to: UKTruth




An audit of his income tax returns will involve all his business entities, just like his lawyers said in writing.


Nope. A person can hold more than one job, getting more that one paycheck, or receive money from several different clients. When reporting that personal income to the IRS, those businesses that paid that person, and the clients that paid that person aren't also filing in tandem with the payee.




This has nothing to do with filing separately.
All his business transactions are being reviewed as part of his personal income tax return.
There is no question about this at all, beyond accusing his lawyers of lying.

edit on 22/9/2016 by UKTruth because: (no reason given)



posted on Sep, 22 2016 @ 03:04 PM
link   
a reply to: UKTruth

This was stated by his lawyers and is not debatable unless you think his lawyers are lying.



Your personal tax returns have been under continuous examination by the internal revenue service since 2002

assets.donaldjtrump.com...


Yes, income and losses from his companies (and investments) are included in his personal returns. With 500 such entities his personal return is, indeed, unwieldy. The corporate returns are not included in his returns (but statements such as K-1s are) and the letter from his attorney does not say that they are. Nor does the attorney say any of those entities are under investigation by the IRS. It is all about his personal tax returns.

edit on 9/22/2016 by Phage because: (no reason given)



posted on Sep, 22 2016 @ 03:07 PM
link   
a reply to: UKTruth

Already answered....^^, but better.



edit on 22-9-2016 by windword because: (no reason given)



posted on Sep, 22 2016 @ 03:09 PM
link   

originally posted by: Phage
a reply to: UKTruth

This was stated by his lawyers and is not debatable unless you think his lawyers are lying.



Your personal tax returns have been under continuous examination by the internal revenue service since 2002

assets.donaldjtrump.com...


Yes, income and losses from his companies (and investments) are included in his personal returns. With 500 such entities, his personal return is, indeed unwieldy. The corporate returns are not included in his returns (but statements such as K-1s are) and the letter from his attorney does not say that they are. Nor does it say any of those entities are under investigation.


The letter states quite clearly that the hundreds of transactions per year in his business contributing to his income are part of his personal income tax return. This means that all income received from any of his businesses is under audit. Those transactions will be part of that audit. Undeniably so.
If Donald Trump has received money from any of his businesses illegally or written off tax liability against any transaction, it has been investigated.
edit on 22/9/2016 by UKTruth because: (no reason given)



posted on Sep, 22 2016 @ 03:11 PM
link   
a reply to: UKTruth




The latter states quite clearly that the hundreds of transactions per year in his business are part of his personal income tax return

False



posted on Sep, 22 2016 @ 03:14 PM
link   

originally posted by: Phage
a reply to: UKTruth

This was stated by his lawyers and is not debatable unless you think his lawyers are lying.



Your personal tax returns have been under continuous examination by the internal revenue service since 2002

assets.donaldjtrump.com...


Yes, income and losses from his companies (and investments) are included in his personal returns. With 500 such entities his personal return is, indeed, unwieldy. The corporate returns are not included in his returns (but statements such as K-1s are) and the letter from his attorney does not say that they are. Nor does the attorney say any of those entities are under investigation by the IRS. It is all about his personal tax returns.


Let's get back to the meat. When did they begin the investigation of his foundation?



posted on Sep, 22 2016 @ 03:16 PM
link   

originally posted by: Phage
a reply to: UKTruth




The latter states quite clearly that the hundreds of transactions per year in his business are part of his personal income tax return

False




What does the underlined mean to you?




posted on Sep, 22 2016 @ 03:25 PM
link   
a reply to: UKTruth

Regardless, unless you're trying to tell us that Trump earns an income from his charitable foundation, it doesn't have a thing to do with his personal income tax. His personal income tax returns would, however, reveal any charitable contributions that he personally made.

He also has no legal right to dip into his foundations holding to pay debts or to make purchases for any of companies or for himself personally.



posted on Sep, 22 2016 @ 03:38 PM
link   

originally posted by: windword
a reply to: UKTruth

Regardless, unless you're trying to tell us that Trump earns an income from his charitable foundation, it doesn't have a thing to do with his personal income tax. His personal income tax returns would, however, reveal any charitable contributions that he personally made.

He also has no legal right to dip into his foundations holding to pay debts or to make purchases for any of companies or for himself personally.



How do you know he does not take a salary from the foundation? It is not illegal to do so. Also, any money given to the foundation will, as you say, affect his income tax. So, Foundation transactions may well be included, and probably are, in his personal income tax audit.




top topics



 
64
<< 7  8  9    11  12  13 >>

log in

join