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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMajor trump donor Robert Mercer owes the IRS $7 billion in back taxes.
https://mobile.twitter.com/Anthony/status/926121657932091392
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Major trump donor Robert Mercer owes the IRS $7 billion in back taxes. (Original Post)
tblue37
Nov 2017
OP
Owe $7,000 and they garnish your wages. Owe over $10,000 and they threaten jail time.
TheBlackAdder
Nov 2017
#11
uponit7771
(90,301 posts)1. Crooks, all of em
Wellstone ruled
(34,661 posts)2. This is the number one reason
Mercer supported Trump. And do not think for one minute,Mr.Mueller has this in his Elephant Gun.
TheMastersNemesis
(10,602 posts)3. He Will Be Pardoned & Taxes Forgiven.
Sneederbunk
(14,277 posts)4. This man obviously needs a tax break.
Kaleva
(36,246 posts)5. One of his hedge funds is in a tax dispute with the IRS
Doesn't mean that Mercer himself owes that much.
Gothmog
(144,919 posts)6. Billionaire Robert Mercer did Trump a huge favor. Will he get a payback?
Basket options are bogus http://www.mcclatchydc.com/news/politics-government/article147454324.html
The IRS recently released a little-noticed advisory stating that its top targets in future business audits will include so-called basket options, the instruments that Renaissance and some other hedge funds have used to convert short-term capital gains to long-term profits that have lower tax rates.
Response to tblue37 (Original post)
WinkyDink This message was self-deleted by its author.
sarcasmo
(23,968 posts)8. How is this possible? If we owed 700 dollars the IRS would be sending letters.
TheBlackAdder
(28,167 posts)11. Owe $7,000 and they garnish your wages. Owe over $10,000 and they threaten jail time.
sarcasmo
(23,968 posts)17. Guess it's different for millionaires and billionaires.
malaise
(268,689 posts)9. This is one criminal gang
Damn!!
AntiFascist
(12,792 posts)10. That explains a lot...
Bannon's cult following is obviously being played.
In the meantime:
https://www.cbsnews.com/news/major-trump-backer-distances-himself-from-bannon/
MineralMan
(146,254 posts)12. The new Tax Cut Bill will let him deduct what he owes the IRS
immediately and retroactively. He'll get a $13 billion refund, I think.
Madam45for2923
(7,178 posts)13. American people demand to be made whole!
Vinca
(50,236 posts)14. They might as well add him to the pardon list.
DoctorJoJo
(1,134 posts)15. The Mercers ...
...are a disgrace to this country. I would love to see them locked up, but I doubt that is possible with people that rich. But I hope at least we recover the money.
Initech
(100,034 posts)16. Agreed! Lower than pond scum!
The_jackalope
(1,660 posts)18. Remember Capone!
This is the judicial lever on Mercer. Given all the revelations that have come out tonight, we seem to be very near - or maybe even at - the breaking point.