Bill and Hillary Clinton omit ‘shell company’ when filing financial records: report

[FreakinDJ]

Hillary and Bill Clinton’s newly filed financial statement omits a company the former President used to provide consulting services, the Associated Press reports.

The omission of WJC, LLC is completely legal since it has no financial assets, but is the latest sign of how complex the Clintons’ finances have grown as they’ve made millions in speeches in recent years.


“Clearly, there's a lot that they don't want voters to see. Hillary Clinton needs to come forward immediately and explain what this company did, and what her knowledge of it was prior to it being exposed by the media,” he continued.

Hillary Clinton’s campaign did not respond to requests for comment on what the company was used for.


http://www.nydailynews.com/news/politics/clintons-omit-shell-company-filing-financial-records-article-1.2236364

[CentralCoaster]

1. Art of War. Accuse your enemy of your own sins, distract. Now it makes sense.

All this clamor for Bernie to release his taxes.

Well, well.

[FreakinDJ]

2. Geez - Who would have guessed Hillary and Mitt Romney had so much in common

[LiberalElite]

64. I was just going to post the same thing -

you beat me to it while I was asleep.

[MADem]

31. This unlinked article hides the fact that it's the REPUBLICANS creating spurious charges--and you

ate it up with a spoon, because you hate HRC so much you'll scarf down rightwing garbage.

Though Clinton's campaign team said they were not required to include the company on her financial disclosure reports, Republican National Committee Reince Priebus demanded an explanation for the business in a statement issued after the Associated Press story was published.

"The revelation that the Clintons had a secret shell company that went unreported on Hillary Clinton’s financial disclosures further demonstrates they are not giving voters the full picture of their wealth. Clearly, there’s a lot that they don’t want voters to see. Hillary Clinton needs to come forward immediately and explain what this company did, and what her knowledge of it was prior to it being exposed by the media," Priebus said.

http://www.businessinsider.com/republicans-rip-clintons-secret-shell-company-2015-5

But hey, you JUMP on board the GOP train, now!! LOL!!!

[Stallion]

34. ...And as I PROVED BELOW WJC,LLC WASN'T an UNDISCLOSED Corp

It had been reported at least in their 2012-2014 Tax Returns so everybody knew it existed. I didn't go back through 2007 but there is a link for all their returns below

[MADem]

36. The NYDN article said they did nothing wrong--the linked article (that doesn't have a link when you

get to the thread) is cut and pasted so you cannot see that the "he" accusing the Clintons of wrongdoing is Rinse Peeenis, the charming wingnut in charge of the rest of the wingnuts.

This is probably the skeeviest and most despicable attempt by a DUer to trash someone they don't like. Totally dishonorable. Using trickery and lies. It really does show how low some will go, though!

[Stallion]

43. Yes 3rd Straight Day of Someone Percolating Ridiculous Criticisms of Common Business Practices

the Estate Tax attack was similarly outrageous as every Will written for affluent married couples will attempt to maximize their estate tax deduction. I believe it might be attorney malpractice not to maximize the deduction unless authorized by the client

[sheshe2]

45. Holy Shit!~

Boom! Thank you!

[wendylaroux]

67. they broke no laws!!! which is why the prez did not go after the wall street

scum,"they broke no laws",my hands are tied,but there are executive orders,and complete transparency
to show the world these vile people.

[MADem]

75. Way to miss the point! nt

[wendylaroux]

77. hardly MADem nt

[amborin]

3. "complex" is a very magnanimous way of describing their finances

[AzDar]

4. The sheer greed... How much is enough for people like this?

[FreakinDJ]

5. Hillary's Greed is only dwarfed by her Ego

there has been plenty written about her tyrannical behavior as First Lady by Bill's administration

[fun n serious]

26. Bernie is hiding soooo much more than this. I want to see 8 years long form!

From what I hear, you will be SHOCKED

[Qutzupalotl]

44. How could you "hear" anything about his taxes if he hasn't released them?

Is it possible you're being lied to by political operatives?

[revbones]

76. Yes, do tell what you "hear". I'd love to be "SHOCKED" rofl nt

[Stallion]

6. WJC,LLC Is Listed on Page 11 of Clinton's 2014 Consolidated Income Tax Return

and shows revenue of over $6,000,000.00 that was "passed through" to the Clinton's Individual Return-See Schedule c plus also the Statement at the end

https://www.hillaryclinton.com/p/files/returns/WJC_HRC_2014_Form_1040.pdf

[FreakinDJ]

8. The Clintons have 5 shell corporations

You got 1

Sounds a little lacking don't ya think

[Stallion]

10. No Both LLCs are Reeflected in their Individual Returns-the Other 3 Are from Their Foundation

...and can't be reported on their Individual returns because a Foundation has no shareholders and is not owned by anyone. It is a public trust that can't be bought, sold, gifted or inherited. It is owned by the Public and has to be reported separately

[FreakinDJ]

11. WRONG - formed in 2009 - not reported until 2014

And ONLY because they got caught in Hillary's Emails (the gift that keeps on giving)

The purpose of Bill Clinton's U.S.-based company was not disclosed in any of the corporate filings in Delaware and New York, but State Department files recently reviewed by the AP show that WJC, LLC surfaced in emails from BillClinton's aides to the department's ethics officials.

In February 2009, Clinton's counselor, Douglas Band, asked State Department ethics officials to clear Bill Clinton's consulting work for three companies owned by influential Democratic party donors. Memos sent by Band proposed that Bill Clinton would provide "consulting services regarding geopolitical, economic and social trends affecting the entity and philanthropic opportunities" through the WJC, LLC entity.

http://www.businessinsider.com/bill-clinton-has-a-mysterious-shell-company-2015-5

[Stallion]

20. Here They Are Reported in Clinton's 2013 Consolidated Tax Returns

https://www.hillaryclinton.com/p/files/returns/WJC_HRC_2013_Form_1040.pdf

[FreakinDJ]

47. "AMENDED" Tax Returns

[Stallion]

23. Here Is WJC,LLC Reporting in 2012 Consolidated Tax Return

https://www.hillaryclinton.com/p/files/returns/WJC_HRC_2013_Form_1040.pdf

[Stallion]

25. WJC,LLC Reported on Clinton's 2011 Consolidated Tax Return

https://www.hillaryclinton.com/p/files/returns/WJC_HRC_2011_Form_1040.pdf

[Stallion]

27. Here Are the Rest of Clinton's Tax Returns Back to 2007-Where are Bernie's?

hillaryclinton.com/tax-returns

[Stallion]

12. Hillary's ZFS Holdings,LLC is reported on Page 13 of the Clinton's 2014 Consolidated Returns

see Schedule C (Profit and Loss from Business) also attached Statements at the end. They also conducted separate individual business for speaking fees, consulting fees and authorship which are reported on separate Schedule Cs-should be around Pages 8-10

[FreakinDJ]

14. OK you got 2 - your still missing 3

[Stallion]

16. I Just Told You the Foundations are Not Owned by the Clintons-They are a Public Trust

There are actually 5 separate businesses reported on separate Schedule Cs to their 2014 Consolidated Tax Returns

[Stallion]

17. "No One and Every One Owns a Public Foundation"

https://www.501c3.org/who-really-owns-a-nonprofit/

[delrem]

37. So... that was the proven conduit of $6million in payola and graft. Cool.

There's just hundreds of millions to go, just for direct personal profits.
Those profits are dwarfed by the take of the Clinton Foundation.

Their cup overfloweth, that's for certain.

[Stallion]

38. Well Actually $40,000,000.00+ in Schedule C (Profit and Loss from Business) in 2014 Alone

let's get it straight.

[delrem]

42. Yah, well, that's all money for past favors. Hillary and the Clintons are ever evolving.

They're looking to the future, now.

[glinda]

7. Money can still pass through it.

[FreakinDJ]

48. That was the "Loop Hole" why they didn't report it

[uponit7771]

9. Looks like they still pay a higher tax rate than Chosen By Podium Bird one so...who cares? tia

[Loudestlib]

13. You know that collecting millions in "speaking fees" put them in a different tax bracket, right?

[uponit7771]

15. Yeap, the underpaid one... they should've charged more money

[MrMickeysMom]

18. Podium bird?

You call him podium bird now?

[uponit7771]

19. Reading is fundamental, Sanders is the "Chosen By Podium Bird One" and not Chosen By Dem Electorate

... One cause he's going to lose big in NY... like by more than 1% ... sigh

I come here to laugh, ya'll crazy

[MrMickeysMom]

21. Stay tuned...

Choose words carefully, and make them as sweet as you... as you might have to eat them.

[uponit7771]

22. True, Michigan shock both sides of the aisle ... we'll see

[Kalidurga]

24. This link covers the story I dunno if it's the same one you read or not...

http://www.nydailynews.com/news/politics/clintons-omit-shell-company-filing-financial-records-article-1.2236364

It's really funny how they endorsed her and then ran this story. Oh f'n well though. I wouldn't want a tabloid endorsement.

[Stallion]

30. Maybe Because "The omission of WJC, LLC is completely legal since it has no financial assets"

reading is fundamental

[JonLeibowitz]

32. That story is old news. More like they knew about some of her past and still endorsed her

Not that there was ever a question that they would endorse her. We know about the other ties Zuckerman has to centrist / GOP politics, apart from to Hillary.

[MADem]

28. NO LINK. What publication did you get this piece of ... information from?

And who is "he?" in the 3rd paragraph? COULD IT BEEEEEEE......... Reince PRIEBUS?????

You are cutting and pasting in a SLOPPY way--why is that, I wonder?


Could it have been that REPUBLICANS are jumping all over this shit....hmmmmm????


http://www.businessinsider.com/republicans-rip-clintons-secret-shell-company-2015-5

Though Clinton's campaign team said they were not required to include the company on her financial disclosure reports, Republican National Committee Reince Priebus demanded an explanation for the business in a statement issued after the Associated Press story was published.

"The revelation that the Clintons had a secret shell company that went unreported on Hillary Clinton’s financial disclosures further demonstrates they are not giving voters the full picture of their wealth. Clearly, there’s a lot that they don’t want voters to see. Hillary Clinton needs to come forward immediately and explain what this company did, and what her knowledge of it was prior to it being exposed by the media," Priebus said.

LOL--man, you couldn't be more OBVIOUS if you tried!!!!!

[JonLeibowitz]

29. Only Republicans care about this story?

Someone should tell the NY Daily News:

http://www.nydailynews.com/news/politics/clintons-omit-shell-company-filing-financial-records-article-1.2236364

Oh wait, didn't they endorse Hillary? Oops!

[MADem]

33. The accusations of wrongdoing are coming from the GOP.

See? http://www.businessinsider.com/republicans-rip-clintons-secret-shell-company-2015-5


But did you even READ the link you provided to me? Here, let me HELP YOU.....

The omission of WJC, LLC is completely legal since it has no financial assets, but is the latest sign of how complex the Clintons’ finances have grown as they’ve made millions in speeches in recent years.

Federal ethics rules require candidates to report assets of more than $1,000, so the corporation was exempt.

Officials with the former President’s private office and his wife’s campaign tell the Associated Press that the company was used as a “pass-through” for payments to the former President.

“President Clinton set up a commonly used mechanism to manage his personal business affairs,” said a spokeswoman. “All of the income has been reported and is accounted for."

So.....yeah.

If you're gonna play gotcha, you'd better make sure you've actually caught something, so you don't come off looking like a bitter Hill hater.

[JonLeibowitz]

35. Of course I read it. I read it when it was first published too

I never claimed that it was a story of substance.

I was pointing out that your subsequent claims:

NO LINK. What publication did you get this piece of ... information from?

...

LOL--man, you couldn't be more OBVIOUS if you tried!!!!!

If the implication was that anyone who cares about this story is GOP or GOP-sympathizer then I wanted to debunk that. Which I did.



Good day.

[MADem]

39. DUH. If you go to "FreakingDJs" link, he provides no source for his creepily cut/pasted

accusations. He doesn't want us to know that "he" in the article is Reince Priebus.

And you cheerlead this kind of bullshit?

Mmmkay, we know where you're coming from then! Good day indeed--you're busted.

[JonLeibowitz]

40. I know all of that. I am cheerleading nothing in this thread.

Your inability to see that is not my problem.

[MADem]

41. Yeah sure--whatever.

[FreakinDJ]

46. BWAHAHAHA - The same publication the Hilbots are bragging it endorsed Hillary

NEW YORK DAILY NEWS /

[DanTex]

49. So now the Hillary bashers are favorably quoting Reince Preibus....

[FreakinDJ]

51. Clearly, there's a lot that they don't want voters to see

Didn't Dems Bash Mitt Romney for doing the same thing

[DanTex]

52. Yes, that's what Reince Preibus said.

[FreakinDJ]

54. But isn't that what you and me bashed Mitt Romney about

[DanTex]

58. I never bashed anyone over having a Delaware LLC. I used to own one myself when I was

doing consulting work. Anyone who bashes anyone else over a Delaware LLC is clueless.

[FreakinDJ]

59. There is a difference between owning a LLC and operating a "Pass through Shell Company"

and unless your income is substantially more then mine (and I'm a 2%er) there is no benefit

[DanTex]

60. Most LLCs are pass through entities for tax purposes. Mine was.

A "shell company" isn't a legal designation, but Clinton's LLCs are no more shell companies than, say, mine, because I didn't have any real assets in it, I used it as a vehicle for consulting revenue. Which is what a lot of people do.

All this outrage is by clueless people who have no idea how LLCs work, or how business works in general. The Clintons aren't dodging any taxes with this, the revenue passes through to their income taxes -- that's what "pass through" means.

[FreakinDJ]

62. So your a 1%er, supporting Clinton, and approve a Wall St Tax Loop Holes

Geez - who would have thought those fit together so well

[DanTex]

65. LLCs are not "Wall St Tax Loopholes." They are a very common structure for small businesses.

[FreakinDJ]

70. Pass through shell Companies are a Wall St Tax Loop Hole

Your dedication to your candidate is admirable but trying to confuse Pass Through Shell Corps with typical LLCs is a disingenuous

[DanTex]

71. Some of them may be, but certainly not all pass through LLCs are tax loopholes.

All that "pass through entity" means is that the income gets passed on to your individual tax returns. Like I said, it's a very common corporate structure for small businesses or individuals that do consulting work. I used to have a Delaware LLC when I did consulting work.

You might be able to convince some ignoramuses that something spooky is going on here, but anyone with the slightest clue about how business or taxes works isn't going to buy it.

[Stallion]

74. Do You Have Any Expertise in Corporate Law or Accounting to Make that Claim?

I'm an attorney with 30 years of experience and am telling you are misleading this board-this is perhaps the most common vehicle for small business corporations in America

[Stallion]

73. It Is Not a Loophole

Its simply a method to recognize corp revenue in one's PERSONAL individual tax return. Quit now before you continue to embarrass yourself

[Stallion]

72. Oh This Ought to Be Good!!!!!!!!!!!

Just admit it-you don't know what a "pass-through" corp is. This entire thread is an embarrassment-you own it

[BainsBane]

50. At least they filed some records

and they should correct the omission as soon as possible.

Meanwhile, Bernie still hasn't released his tax returns, despite repeatedly making false claims to the contrary.

[FreakinDJ]

53. Only because AP caught them talking about it in emails

[BainsBane]

55. Good for AP

The point stands. They released their taxes. Bernie and Jane are stonewalling.

[FreakinDJ]

57. Amended Taxes

You do realize you can go back years and "Amend" your taxes

[cantbeserious]

56. When First We Practice To Deceive ...

eom

[Fairgo]

61. Transparency and accountability

HRC is a tragic historical figure. She burns with desire for greatness, but lacks the heroes heart. I predict a dark third act.

[FreakinDJ]

63. Just like those transcripts that will never see the light of day

[Fairgo]

68. Remember the story of the Tell Tale Heart?

The problem with secrets is that they are never safe. The problem with lies is that they always need tending. In the back of her mind, all the time, there is this nagging, haunting vigilance against the implacable will of truth. It will drive her, like Nixon, to desperate ends.

[DemocracyDirect]

66. Remember that these LLCs can pass through...

... to other entities.

Only the money that passed through to the Clintons will show up on their tax returns.

Other money could have been passed through to the Clinton Foundation or the Caymans or wherever.

[Scuba]

69. Way down on the list of good reasons to not want Hillary as our candidate.