Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
18 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Major trump donor Robert Mercer owes the IRS $7 billion in back taxes. (Original Post) tblue37 Nov 2017 OP
Crooks, all of em uponit7771 Nov 2017 #1
This is the number one reason Wellstone ruled Nov 2017 #2
He Will Be Pardoned & Taxes Forgiven. TheMastersNemesis Nov 2017 #3
This man obviously needs a tax break. Sneederbunk Nov 2017 #4
One of his hedge funds is in a tax dispute with the IRS Kaleva Nov 2017 #5
Billionaire Robert Mercer did Trump a huge favor. Will he get a payback? Gothmog Nov 2017 #6
This message was self-deleted by its author WinkyDink Nov 2017 #7
How is this possible? If we owed 700 dollars the IRS would be sending letters. sarcasmo Nov 2017 #8
Owe $7,000 and they garnish your wages. Owe over $10,000 and they threaten jail time. TheBlackAdder Nov 2017 #11
Guess it's different for millionaires and billionaires. sarcasmo Nov 2017 #17
This is one criminal gang malaise Nov 2017 #9
That explains a lot... AntiFascist Nov 2017 #10
The new Tax Cut Bill will let him deduct what he owes the IRS MineralMan Nov 2017 #12
American people demand to be made whole! Madam45for2923 Nov 2017 #13
They might as well add him to the pardon list. Vinca Nov 2017 #14
The Mercers ... DoctorJoJo Nov 2017 #15
Agreed! Lower than pond scum! Initech Nov 2017 #16
Remember Capone! The_jackalope Nov 2017 #18
 

Wellstone ruled

(34,661 posts)
2. This is the number one reason
Thu Nov 2, 2017, 02:15 PM
Nov 2017

Mercer supported Trump. And do not think for one minute,Mr.Mueller has this in his Elephant Gun.

Kaleva

(36,246 posts)
5. One of his hedge funds is in a tax dispute with the IRS
Thu Nov 2, 2017, 02:21 PM
Nov 2017

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?
Thu Nov 2, 2017, 02:23 PM
Nov 2017

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)

MineralMan

(146,254 posts)
12. The new Tax Cut Bill will let him deduct what he owes the IRS
Thu Nov 2, 2017, 03:51 PM
Nov 2017

immediately and retroactively. He'll get a $13 billion refund, I think.

 

DoctorJoJo

(1,134 posts)
15. The Mercers ...
Thu Nov 2, 2017, 04:48 PM
Nov 2017

...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.

The_jackalope

(1,660 posts)
18. Remember Capone!
Thu Nov 2, 2017, 08:24 PM
Nov 2017

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.

Latest Discussions»General Discussion»Major trump donor Robert ...