The reported today that Donald Trump may have illegally financed his 2016 campaign with a secret loan that potentially exceeded legal limits. The report is the latest in a Times series examining Trump's tax returns. Thread below. (1/8)
More great work from the on Trump’s taxes. Key info: A Vegas hotel owned by Trump and Ruffin obtained a $30m loan shortly before it funneled $21m for “services” to a Trump Co with no previous work, then to Trump, and then some to his campaign.
A series of one-off payments to companies controlled by Donald Trump. A $30 million loan in the final weeks of the election. Our latest tax story looks at how the president used his Las Vegas hotel in 2016 to get much-needed cash.
Oh. My. God. Trump Las Vegas Sales and Marketing had: 0 employees no clear business purpose almost no income Until 2016. Then it suddenly got $20 million in "fees." When that $$ left the entity, it was written off as "business expenses" on 's taxes
Donald Trump needed money in 2016, whether to help his campaign, his businesses or both. Tax records show how he engineered more than $21 million in highly unusual payments from his Las Vegas hotel to other Trump companies, then paid himself in cash.
New NYT tax report: Trump engineered a windfall in 2016 as campaign funds dwindled. Tax records expose more than $21 million in highly unusual payments from a Vegas hotel Trump owns with Phil Ruffin, routed through other Trump companies and paid in cash.
NEW: The president's tax records show unusual payments totaling millions of dollars to Trump by a Vegas hotel he co-owned during the 2016 campaign w/
Our Latest Tax Story: Donald Trump’s Taxes Show He Engineered a Sudden Cash Windfall in 2016 From His Las Vegas Hotel, with ⁦⁩ & ⁦
Forgive me if my eyes deceive me, but I think this report insinuates that Donald Trump, an alleged billionaire, laundered an 8-figure sum from business operations in 2016 to fund his campaign.
If these payments were not for actual business expenses (and they don't appear to be), deducting them would be illegal. If they were also used to fund his presidential campaign, they would be illegal campaign contributions. #Vote —then prosecute.
🤔Trump Las Vegas Sales & Marketing had little previous income, no clear business purpose & no employees. But in 2016, with TRUMP's finances flagging & his campaign desperate for $, the mysterious company paid him $21M. Then, he gave $10M to his campaign
Just Published - The latest installment of The President’s Taxes. How Donald Trump engineered a financial infusion from his Las Vegas partnership just as he needed it for his 2016 campaign.
Unless the payments were for actual business expenses, Trump claiming a tax deduction for them would be illegal. If they were not legitimate & were used to fund Trump’s presidential run, they could be considered illegal campaign contributions. via
Who lies about giving 20 million dollars to St Jude? Oh wait, let me guess.
This seems like it should be a big story. I hope everyone continues to focus on real news and not the distractions from the COVID patient in the White House.
Donald Trump needed money in 2016, whether to help his campaign, his businesses or both. Tax records show how he engineered more than $21 million in highly unusual payments from his Las Vegas hotel to other Trump companies, then paid himself in cash.
Shorter ⁦⁩ investigation installment: looks like $21M 2016 payment from a billionaire Vegas pal (married to 46-years-younger ex Miss Ukraine) is tax fraud, illegal campaign donation, bribe for federal support of a fast train from LA to Vegas.
The IRS lets companies use business expenses like sales and marketing payments to reduce taxable income — but only if they are “both ordinary and necessary.” The Trump-Ruffin hotel venture wrote off at least $21 million in one-off payments to Trump.
Incredible new story that raises questions about whether Trump secretly financed his 2016 campaign with an undisclosed bank loan, backed by a billionaire developer, with taxpayers unwittingly helping to foot the bill.
“Why all of a sudden does this company have more than $20 m in fees that haven’t been there before?” said Daniel Shaviro, professor of taxation at NYU Law. “And all of this money is going to a man who just happens to be running for president?”
This certainly *appears* to be a scheme to make a massive, illegal campaign contribution. We should probably get real answers, like from a congressional investigation, instead of quotes from a White House spokesman.
1/ The New York Times released their latest installment in their terrific Trump taxes series today. I've got some thoughts on this one as well, which I'll be outlining here over the next hour or so.
Trump had run out of money in 2016. Even Deutsche Bank wouldn’t lend to him. His whole Presidential Campaign was a money making scam. And then he won... And now the real life sequel to The Producers begins: the catastrophe of success.
The latest installment in the Trump tax expose is so full of sleaze--Vegas style--that you will need a shower after you read it. But you should read it. Trump’s Taxes Show He Engineered a Sudden Windfall in 2016
He’s cheated and lied his whole life. He doesn’t have the capability to lead us out of a deadly, global pandemic. Case closed. Vote for #BidenHarris2020
Here's the kicker to this latest NYT Trump tax story: “If it turns out a corporation gave the campaign any money, that is illegal,” he said. “If an individual contributed any money exceeding the legal limits, that is illegal.”
“Unless the payments were for actual business expenses...claiming a tax deduction for them would be illegal. If they were not legitimate and were also used to fund Mr. Trump’s presidential run, they could be considered illegal campaign contributions.”
Counterintel question #1 arising from Trump’s taxes was: “To whom does he owe $421 million?” Now we have question #2: “Who secretly funneled him over $21 million through a Las Vegas hotel and various shell companies when he was strapped for cash in 2016?”
“Why all of a sudden does this company have more than $20 million in fees that haven’t been there before? And all of this money is going to a man who just happens to be running for president and might not have a lot of cash on hand?” Why indeed?
Another bombshell report about Trump's taxes, this time exposing more than $21 million in highly unusual payments.
The bulk of the money went through a company called Trump Las Vegas Sales and Marketing that had little previous income, no clear business purpose and no employees. The Trump-Ruffin joint venture wrote it all off as a business expense.
🔥"Tax records expose more than $21 million in highly unusual payments from the Las Vegas hotel Donald Trump owns with Phil Ruffin, routed through other Trump companies and paid out in cash." 💰🚓Trump’s Taxes Show He Engineered a Sudden Windfall in 2016
“Why all of a sudden does this company have more than $20 million in fees that haven’t been there before? And all of this money is going to a man who just happens to be running for president and might not have a lot of cash on hand?”
Trump engineered a sudden windfall in 2016 as campaign funds dwindled Tax records expose more than $21 million in highly unusual payments from the Las Vegas hotel Donald Trump owns with Phil Ruffin, routed through other Trump companies & paid out in cash
Staggeringly good investigative reporting by the . Long read but worth it - an independent media is critical to the success of democracy
Hearing that Donald engaged in financial shenanigans to prop up his cash-strapped campaign in 2016, it is worth altering forensic accountants to the fact that Donald’s campaign is cash-strapped in 2020, too.
“Why all of a sudden does this company have more than $20 million in fees that haven’t been there before? And all of this money is going to a man who just happens to be running for president and might not have a lot of cash on hand?”
As if #Presidementia was not sufficient to justify Trump’s removal from office
Now that Trump's eager to get back into public life, has generously released a new, blockbuster article about his record of tax evasion and shady financial maneuvers. Here we learn how he drew on them when his 2016 campaign was at risk.
“If it turns out a corporation gave the campaign any money, that is illegal,” said Nathaniel Persily, an election law expert at Stanford Law School. “If an individual contributed any money exceeding the legal limits, that is illegal.”
Trump’s Taxes Show He Engineered a Sudden Windfall in 2016
if you're talking about hillary's e-mails instead of trump's finances, you're doing it wrong
Dirty business, bad purposes, and cheating. But also tax avoidance tactics used all the time by the very rich. Congress could ban abuse of shell companies and demand detailed documentation of ‘business expenses’. Trump’s Taxes vis ⁦
Trump’s Taxes Show He Engineered a Sudden Windfall in 2016 // There are no facts about the loan in this story and a lot of circumstance and conjecture. We know he’s a shady business person at best, but stories like this don’t make for proof.
Tossed into the Friday void. Trump’s Taxes Show He Engineered a Sudden Windfall in 2016
A new New York Times story on Trump's taxes, and highly unusual payments that likely broke both tax law and campaign finance laws.
Oh good. We're talking about his taxes again. Eyes on the prize, folks. Don't let his circus distract us from what's important: that he's a liar, and a thief, and corrupt to the core.
Mr. Trump’s tax records reveal that when he decided to leverage his brand in the political arena, its true bottom line bore little resemblance to the gold-plated success story he was hawking to the American people. Most of his core businesses were losing $
Also if wasn’t doing ten other things to distract us all, these revelations about $21M in income routed through a bunch of intermediates to him personally in 2016 (when he paid $750 in #taxes) would otherwise have been news. Bigly.
Tax records expose $21M in "highly unusual" payments from the Las Vegas hotel Trump owns with casino mogul Phil Ruffin, routed through other Trump companies, and paid out in cash.
Trump’s Taxes Show He Engineered a Sudden Windfall in 2016 - The New York Times
Trump’s Taxes Show He Engineered a Sudden Windfall in 2016