Showing posts with label tax returns. Show all posts
Showing posts with label tax returns. Show all posts

Saturday, December 31, 2022

Trump's tax returns reveals a lot about the Democrats


The Democrats on the House Ways and Means Committee loaded their guns and shot their load in the final days they remain in the majority to release six years of tax returns connected to former president Donald J. Trump. It turns out, their guns were loaded with blanks, unlike that of Alec Baldwin.

The committee Republicans condemned this unprecedented move because that's what they do in banana-republics, but the Democrats are as shameless as Whoopi Goldberg at a bar mitzvah.

Dick Neal (D-MA) the committee chairman put most of the blame on the IRS for failing to audit Trump enough when he was president. As hard as the Democrats tried to illegally leak Trump's tax returns [a felony] it took them this long to get their felonious-like wish granted and now the returns are public and this sets a terrible precedent which should, therefore, allow the public to see Joe and Hunter Biden's tax returns. All is fair in love and politics.

Regarding Trump's tax returns, according to expert auditors, his return is incredibly complicated, and that is totally understandable. But in order to show fraud, one needs a full audit, not a mere tax return and that doesn't even show net worth, just tax income or loss in a given year.

Ryan Ellis wrote in the National Review, "[T]ax returns are supposed to be secret, and revealed only voluntarily. Reading tax returns forcibly extracted from any taxpayer made me feel dirty, and a little sad for the integrity of the tax system going forward. But there is no smoking gun here, nothing that will finally “get Trump.” Nonetheless, below is a report of what I found."

Ellis then goes on to describe what he saw: dozens of individual ventures organized as its own LLC such as the "old Trump hotel in D.C., each Trump golf course, etc."

Other revelations show that Trump gave a lot of money to charity, [unlike Joe Biden]. He also loaned money to his children and they paid him back with interest that was rounded off. Terrible--he should go to prison for that and serve a life sentence, unlike Sam Bankman-Fried, who you might imagine will get a legal slap on the wrist because of his huge donations to the Democratic Party.

It turns out that Trump's tax returns easily adds up to over 1,000 pages of annual filed tax returns, not even including the LLCs.

But it's fake news to think that Trump was getting away with paying no taxes.

Ellis explains that from 2015 to 2020, Trump paid federal profit and "other" (e.g. self-employment, household employer, etc.) taxes every single year. In those years, Trump had a cumulative "total tax" of $4.4 million, ranging from $285 thousand in 2017 to a high of $2.1 million in 2018. The best indicator of tax liability, Ellis says, is the "total tax" line, which accounts for federal income tax and "all the things that proxy for federal income tax on a 1040.

Suffice it to say that Trump did not do anything anyone else in a similar situation would not do. Ellis describes him as a man who likes to create new ventures, perhaps make a profit, and then move on to another venture.

To the utter dismay of the Democrats, his returns were not fraudulent. Trump, over the years, created myriad businesses, some of which had lost money, cancelling out those that made profit. The tax burdens all fall upon the shoulders of the business owner. If you think Trump should pay more, than you must also think that a person's business losses should offset his business profits, and that is totally unfair.

So, like the "fine people" hoax and the "drink bleach" hoax, this entire exercise by the party of the jackass was another total fake news hoax.


Thursday, June 13, 2019

Ilhan Omar's creds questioned by her hometown paper

Frick and Frack the Comedy Act
Did she marry her brother or didn't she? Did she get him into the USA under false pretenses, which is a crime? Are her anti-Semitic tropes because she hates Jews or is she just kidding around? What does her hairdresser really know about her hair? Why doesn't she protest her home country's anti-gay laws? Why did she laugh when talking about terrorist groups and why does she want lighter sentences for ISIS terrorists?

Yes, Rep. Ilhan Omar (D-MN) is facing lots of questions and criticism and on Wednesday was the recipient of a blistering editorial in the Star Tribune, a Minnesota newspaper. All of this comes in the wake of her recent campaign finance violations -- with the paper suggesting that it was just the latest "misstep by the first-term congresswoman."

"U.S. Rep. Ilhan Omar is back in the news again, and not in a good way," the editorial began. "The former state representative who won a seat in Congress last fall continues to be dogged by past missteps, this time eight violations of Minnesota campaign-finance law that will cost her nearly $3,500 in reimbursements and civil penalties."

And because she is clearly as guilty as Hillary and her magic server, she will pay back the money.

Minnesota campaign finance officials ruled last week that the lovely and talented anti-Semite owed her campaign committee almost $3,500, as well as a $500 civil penalty to the state, after using committee funds for personal travel and help on her tax returns.

As the Star Tribune noted, the state's Campaign Finance and Public Disclosure Board reported that Omar and her latest husband filed joint tax returns while she was married to another man who is alleged to be her brother.

Minnesota law only allows spouses to file jointly in civil marriages whereas Omar filed with a man with whom she was only married in "faith tradition." And Minnesota law frowns upon sibling marriage as it produces offspring with pointy heads known as future Democrats.

"It is even more disturbing, therefore, to learn that among the board’s latest findings ... Omar, for two years running, filed joint tax returns with a man she was living with but not legally married to [but was probably having a sexual relationship with]. Complicating matters further, she was legally married to another man at the time," the editorial read.

The paper also called on Omar to disclose whether she benefited materially from the filings. "That is something that voters, who are obliged to follow tax laws no matter how painful, are entitled to know," it read.

But it doesn't say anything about benefiting materially in sharia law, and that's the law she follows when it suits her, and taqiyya [google it] when it doesn't.

The incident was just one of many issues -- including collecting allegedly illegal speaking fees -- that could prompt an investigation, the paper said, not mentioning how Omar's speech sounds somewhat bizarre in its pitch and cadence.

"Omar’s political rise has been marred by a series of unforced errors," the paper also said, "including intemperate remarks and tweets earlier this year that were widely perceived as anti-Semitic. Every month seems to bring a fresh problem."

The main reason her remarks and tweets sound anti-Semitic is because she uses anti-Semitic tropes and attacks Israel, not for its policies, but for its people. That's kind of, you know, anti-Semitic.

But have hope, she's planning to join the Black-Jewish Caucus and if accepted, will be its first anti-Semite. However, it's a new organization and there may be more anti-Semites to follow. There are plenty in the Democratic Party to choose from.


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Wednesday, June 12, 2019

Ilhan Omar refuses to show her tax returns but wants Trump to show his


Hypocrisy: a feigning to be what one is not or to believe what one does not : behavior that contradicts what one claims to believe or feel. His hypocrisy was finally revealed with the publication of his private letters.especially : the false assumption of an appearance of virtue or religion--Miriam Webster
Let's use the word hypocrisy in a sentence: "Ilhan Omar wants President Donald Trump to disclose his tax returns but she refuses to disclose hers and her hypocrisy is freaking palpable."

"Rep. Ilhan Omar (D-MN) was found by the Minnesota Campaign Finance and Public Disclosure Board … to have committed several campaign finance violations,” according to what Breitbart News reported last Thursday. Specifically,  the violations are with her campaign for paying legal expenses related to her personal tax returns, and also reimbursing her for out-of-state travel that was found to be unrelated to her state legislative duties.

The board’s report also noted that Omar and Ahmed Hirsi, her current husband, “filed joint tax returns for 2014 and 2015.” That could add fuel to the allegations that she had been married to two men at the same time — one of whom, Ahmed Nur Said Elmi, City Journal noted in 2016, was alleged (though never proven) to be her brother.

In fact, it has been alleged that she used the money and travel to deal with her divorce from her brother, who she allegedly married to gain him citizenship. If this turns out to be true, she should face legal consequences.

The AP reports that it asked for Omar’s tax returns but received no response.

Last week, Minnesota State Rep. Steve Drazkowski (R-Mazeppa) told Breitbart News Tonight that Omar’s violations were part of a pattern of behavior: “I had never seen that amount of campaign finance law violations,” he said.

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Thursday, April 4, 2019

Alexandria Obviously-Comatose tweets like there's no tomorrow

The 29-year-old ex-bartender turned overachiever, Alexandria Obviously-Comatose (Socialist-NY) tweeted Wednesday suggesting her followers in the House won't take no for an answer in going after President Trump's tax returns.

The rather obnoxious congresswoman tweeted a mock conversation between Congress and Trump:
"Congress: 'We’re going to need a copy of the President’s tax returns from 2013-2018.' 
"45: 'No, I’m ‘under audit.' 
"Congress: 'We didn’t ask you.' "
Very cerebral stuff, much like Obviously-Comatose's Green New Deal which has caused the left to march in lockstep with her socialist plans to Make America Venezuela Again with her as "The Boss."

Obviously-Comatose's tweet referred to the House Ways and Means Committee’s request to the IRS for six years of the president's tax records.

After Special Counsel Robert Mueller's report on his Russia investigation found no evidence of collusion between the Trump campaign and Russia, some Democrats refuse to accept Hillary Clinton's loss to the TV personality and continue to look for anything impeachable. They now want to weaponize the IRS and any branch of government that might possibly find something untoward in Trump's background [as if we don't already know who Trump is.]

During the election, Trump broke tradition of presidential candidates releasing their tax returns, saying his were under audit. He has continued to dodge the issue as president, but there is no law stating that presidents must release their tax returns.

The president rightfully claimed that longtime Democrats had become "petrified of her."

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