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cali

(114,904 posts)
Thu Jun 16, 2016, 03:39 PM Jun 2016

There is "Incredibly Strong Evidence Trump Committed Tax Fraud"

Oh, please let this be true.

For months, presumptive Republican presidential nominee has refused to release his tax returns. We speak to Pulitzer Prize-winning reporter David Cay Johnston about what he may be hiding. His latest piece in The Daily Beast is headlined "New Evidence Donald Trump Didn’t Pay Taxes."

TRANSCRIPT

AMY GOODMAN: We’re going to turn now to one of your former colleagues. We’re going to turn to a new exposé in The Daily Beast headlined "New Evidence Donald Trump Didn’t Pay Taxes," the article published as Trump is refusing to release his tax records. Joining us from Rochester, New York City [sic], is the Pulitzer Prize-winning reporter David Cay Johnston. He used to work at The New York Times, now reporting for The Daily Beast and other publications. David, what did you find?

DAVID CAY JOHNSTON: Well, Donald has done a very good job of trying to keep a number of things out of the public record and shut down investigations, but I found two tax appeals he filed from the year 1984, one with the City of New York and one with the state. And in one of these two cases, Donald filed something called a Schedule C. That’s what a freelancer files. He reported zero income and $626,000 of expenses, with no receipts and no documentation. That’s something that could be construed as tax fraud.

During the hearing, which lasted two days, the CPA and lawyer who had done Trump’s tax returns for years was shown the tax return, and he said, "Well, that’s my signature, but I didn’t prepare that tax return." Now, it was a photocopy. And, of course, you can put a name on a document with a photocopy machine. My first big national investigative reporting award was for just such a device used by a corrupt Michigan politician. And The Trump Organization didn’t respond to any of my questions—the Trump campaign—about this. Donald was hit in one case with a 35 percent penalty. And in the other case, the 25 percent penalty was not applied, only because nobody could find the original tax return, which I think suggests that a photocopy is what was mailed in in the first place.

It also shows, in these two cases, that in the year 1984 Donald paid no federal income taxes. And there’s very good reason to think he doesn’t pay them now, because of a provision in federal law that allows large real estate professionals to live without paying income taxes.

<snip>

read:http://www.democracynow.org/2016/6/16/david_cay_johnston_there_is_incredibly

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There is "Incredibly Strong Evidence Trump Committed Tax Fraud" (Original Post) cali Jun 2016 OP
There is probably equally strong evidence that tomorrow is Friday Siwsan Jun 2016 #1
I'm worried that this is peaking too early renate Jun 2016 #2
1984 is not good enough. We need 2014. yeoman6987 Jun 2016 #4
He is an absolute gift as an opponent. auntpurl Jun 2016 #3

Siwsan

(26,466 posts)
1. There is probably equally strong evidence that tomorrow is Friday
Thu Jun 16, 2016, 03:45 PM
Jun 2016

I've long said there is probably a chorus line of skeletons in this guy's financial closet.

renate

(13,776 posts)
2. I'm worried that this is peaking too early
Thu Jun 16, 2016, 03:49 PM
Jun 2016

If he illegally didn't pay taxes (rather than using loopholes), the RNC would have a very good excuse for picking someone else at the convention.

I think the danger of having a President Trump has passed (thank goodness) but an emboldened RNC might mean a President Cruz. Sure the establishment hate him too, but he got the next largest number of votes, I think? --so that wouldn't cause much of a stir among the lunatic right.

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