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NEW CONTENT MOVED TO MIDDLEBORO REVIEW 2

Toyota

Since the Dilly, Dally, Delay & Stall Law Firms are adding their billable hours, the Toyota U.S.A. and Route 44 Toyota posts have been separated here:

Route 44 Toyota Sold Me A Lemon



Showing posts with label Donald Trump: tax fraud?. Show all posts
Showing posts with label Donald Trump: tax fraud?. Show all posts

Thursday, November 3, 2016

Progressive Breakfast: In This Hate-Filled Election, There's Always Love





MORNING MESSAGE

George Goehl and Ai-jen Poo
In This Hate-Filled Election, There’s Always Love
In the next few days, we’ll hear a lot from the pundits about the polls and numbers, about swing states and safe states, about different demographic categories and who can tip the scales. What inevitably gets lost in the horserace is the story about the real people, especially people at the bottom of our economy and living on the margins, and the issues they care about. That’s why we’ll be talking with immigrants in Aurora, Colorado, students and Native Americans in Washoe County, Nevada, domestic workers in Dade County, Florida, formerly incarcerated people in Arizona, and working-class white people in New Hampshire ... Follow our journey here on OurFuture.org, and on social media using the hashtag #BestofUS2016.

PROGRESSIVES CALL ON CLINTON TO BE BOLD

OurFuture.org’s Robert Borosage defends progressive moves to influence a Clinton cabinet:“Roger Lowenstein, reporter turned investment banker, spewed out an incoherent rant against Warren in a New York Times op-ed. The heads of the Third Way, a Wall Street funded message shop, fretted that Clinton might fill her administration with “progressive conformists.” The Washington Post editors raised the specter of a progressive “blacklist.” How dare progressive organize around appointments for a president they have helped to elect? … Who the hell do they think they are? Wall Street bankers?”
“Left emboldened for post-Obama era” says The Hill:“Figures on the left were frequently exasperated with President Obama, particularly during his early years in office, for what they saw as a misguided, ‘post-partisan’ approach to seeking deals with Republicans. They’re warning that Hillary Clinton, should she ascend to the White House, would struggle to win reelection if she took the same tack.”
Clinton will have to “juggle” three intra-party factions, says NYT’s Thomas Edsall:“Hillary Clinton must juggle three competing interest groups: her party’s upscale pro-trade, globalist wing; its underdog minority wing; and organized labor. She is paying a price for her triple allegiance [with] new levels of Republican loyalty among white working class voters …”
“Trump Pushed Millennials Out of the Republican Party” says The Atlantic’s Ron Brownstein:“…all evidence suggests Trump is further alienating a Millennial generation that is already cool to the GOP—and is poised to become the electorate’s largest cohort in 2020 … The Millennial generation is defined by its diversity; over two-fifths of Millennials are young people of color.”

OBAMA SHAKES UP DAKOTA DEBATE

“Tribe cheers Obama talk of rerouting ND pipeline” reports The Hill:“Obama told NowThis News on Tuesday that the Army Corps of Engineers ‘is examining whether there are ways to reroute the pipeline,’ … ‘We applaud President Obama’s commitment to protect our sacred lands, our water and the water of 17 million others,’ Dave Archambault, the chairman of the Standing Rock Sioux, said on Wednesday … said Craig Stevens, a spokesman for the group Midwest Alliance for Infrastructure Now[,] ‘Even if possible, rerouting the line would require years to complete, new easements, new environmental and cultural studies, and cost hundreds of millions of dollars,’ … ‘There’s no reroute that doesn’t involve the same risks to water and climate,’ Sara Shor, 350.org’s Keep It in the Ground campaign manager said.”
Earthjustice’s Jan Hasselman make case against Dakota Access Pipeline in W. Post oped:“No such thoughtful consideration has occurred to date. Initial federal permits, and partnership with affected tribes, were treated as a ‘check the box’ exercise. Nowhere was there a careful analysis of how much the Missouri River crossing threatened water quality and tribal treaty rights. Nowhere was there a thoughtful public discussion of whether a new major oil pipeline should be placed in a river providing drinking water to 17 million people.”
“Cars hit fuel economy record in 2015” reports The Hill:“Model-year 2015 cars averaged a carbon dioxide emissions standard that was 7 grams per mile higher than what the EPA required for that year … A separate EPA report released Wednesday concluded that average fuel economy was 24.8 miles per gallon, 0.5 mpg higher than the previous year.”
Global community tries to cut airplane emissions. NYT:“…much still needs to be resolved before the 15-year aviation accord comes into force beginning in 2021. The first six years of the deal will be voluntary … most of the industry’s focus will fall on a complicated offsetting system, in which airlines buy credits from climate change projects, like renewable energy programs often in the developing world, to counterbalance their own carbon emissions.”

BREAKFAST SIDES

Trump’s tax avoidance may spur reforms. NYT:“‘Trump’s scheming on his taxes has put a spotlight on [how] for the most fortunate … you hire a battery of experts, and you pay what you want when you want to, or even nothing at all.’ [said Sen. Ron Wyden.] Kevin Brady, Republican of Texas and chairman of the House Ways and Means Committee [said] much the same thing.”
UK needs parliamentary approve for Brexit. NYT:“The court’s decision seemed likely to slow — but not halt — the process for a British withdrawal from the 28-nation union … [The] Conservative Party holds only a slim majority, with 329 seats in the 650-seat Parliament. Although most lawmakers opposed the decision to leave the European Union, it would be politically toxic for them to overturn the referendum outcome.”
Militia groups may spark post-election violence. Reuters:“The Southern Poverty Law Center, which tracks extremist groups, estimates there were 276 active militias last year, up from 42 in 2008 … Amid the war games, [militia member Chris] Hill weighed plans for a possible armed march on Washington if Clinton wins …”
Progressive Breakfast is a daily morning email highlighting news stories of interest to activists. Progressive Breakfast and OurFuture.org are projects of People's Action.more »


Wednesday, November 2, 2016

RSN: Alabama: 1 Dead, 5 Injured in Gas Pipeline Explosion, Frank Rich | Trump's Appeasers




It's Live on the HomePage Now: 
Reader Supported News

Frank Rich | Trump's Appeasers 
The cover of 'TrumpNation: The Art of Being the Donald' by Timothy O'Brien. (photo: Warner Books)
Frank Rich, New York Magazine 
Rich writes: "In 2016, springtime for Hitler has been held over by popular demand to summer and fall. 'It's difficult to say when the Hitler analogies got out of control,' observed the writer Michael Lind in Politico way back in March, after the somewhat unexpected trilogy of Bill Maher, Louis C.K., and Glenn Beck found common ground in likening Donald Trump to the Fuhrer." 
READ MORE
Why Police From 7 Different States Invaded a Standing Rock Camp - and Other Questions 
Tracy Loeffelholz Dunn, YES! Magazine 
Dunn writes: "On Thursday, scores of law enforcement officers from seven different states showed up with riot gear, armored vehicles, and military weaponry to clear away Standing Rock's newest camp, the '1851 Treaty Camp.'" 
READ MORE
How a Theory of Crime and Policing Was Born, and Went Terribly Wrong 
Tara Boyle, Jennifer Schmidt, Maggie Penman and Shankar Vedantam, NPR 
Excerpt: "In 1969, Philip Zimbardo, a psychologist from Stanford University, ran an interesting field study. He abandoned two cars in two very different places: one in a mostly poor, crime-ridden section of New York City, and the other in a fairly affluent neighborhood of Palo Alto, Calif. Both cars were left without license plates and parked with their hoods up." 
READ MORE
Donald Trump Used Legally Dubious Method to Avoid Paying Taxes 
David Barstow, Mike McIntire, Patricia Cohen, Susanne Craig and Russ Buettner, The New York Times 
Excerpt: "Donald J. Trump proudly acknowledges he did not pay a dime in federal income taxes for years on end. He insists he merely exploited tax loopholes legally available to any billionaire - loopholes he says Hillary Clinton failed to close during her years in the United States Senate." 
READ MORE
Man's Death Hints at the Wretched Medical Care in Private Immigration Prisons 
Oliver Laughland, Guardian UK 
Laughland writes: "Theodula Jaramillo had kept vigil over her son's deteriorating body for seven years before he died on Independence Day." 
READ MORE
US Food Justice Activists Call for Wendy's Fast Food Boycott 
teleSUR 
Excerpt: "Farmworkers, food justice activists and other supporters protested Sunday against U.S. fast food giant Wendy's in Washington, D.C., calling for a nationwide boycott of the company until it agrees to clean up its act when it comes to food sourcing and workers' rights." 
READ MORE
1 Dead, 5 Injured in Gas Pipeline Explosion
Samantha Page, ThinkProgress 
Page writes: "A gasoline pipeline in central Alabama exploded Monday night, killing one pipeline worker and injuring five others. The ensuing fire burned 32 acres of nearby woodlands, and residents in a 3-mile radius were evacuated Monday afternoon, according to a statement from Gov. Robert Bentley (R)." 
READ MORE

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Friday, June 17, 2016

David Cay Johnston: New Evidence Donald Trump Didn't Pay Taxes (With Update)





David Cay Johnston: New Evidence Donald Trump Didn't Pay Taxes (With Update)

By David B 
Thursday Jun 16, 2016 


trump.jpg

"I am not a crook?"


Pulitzer Prize winning journalist David Cay Johnston wrote a terrific piece in The Daily Beast yesterday, that there is New Evidence Donald Trump Didn’t Pay Taxes.
As a tax accountant by trade, an Enrolled Agent (EA) licensed to practice before the Internal Revenue Service,  Johnston is one of my heroes.  He has been ever since I read Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--and Cheat E verybody Else
How he discovered this new evidence is telling.  As he told Amy Goodman on Democracy Now! this morning, back in the 1920’s, tax returns were public information, and newspapers routinely reported how much prominent citizens earned and how much tax they paid.  Today, as an EA, thanks to Internal Revenue Code (IRC) section 7216,  I cannot even acknowledge that anyone is even my client , let alone give out any information from a tax return, without having a specific form signed by the client giving me express consent to provide specific information to a specific person or entity, such as a bank looking to approve a mortgage.  I can’t do it without the signature.  An email isn’t enough. A phone call giving me verbal authorization is not enough.  i need the signature.
So how did Johnston find this?  Court documents are public record, including tax court.  Trump filed two tax appeals in the 1990’s and lost both cases. From these cases, Johnston gleemed some very damaging information.
For example, if you or someone you know is a real estate agent or any salesperson working only on commission, or any kind of independent contractor, and are not incorporated, you file a Schedule C as part of your 1040.  You enter your income, you itemize out your expenses, the net profit or loss is calculated on the bottom line of that form, and that profit or loss gets entered as income or loss on line 12 of page 1 of your 1040.  
In 1984, Donald Trump used Schedule C, which means that this he had personal income and expenses that was not earned through any corporation or partnership.  This was on him.
***************
Trump listed no income on that form, yet he deducted $626,264 as expenses. His New York City tax return also showed no income, but listed slightly less in expenses: $619,227.
No receipts, invoices, or other documentation were provided when Trump was under audit or during his appeal from what he argued was an unfair demand for more tax.
“The record does not explain how Petitioner [Trump] had significant expenses without any concomitant income from his consulting business,” wrote H. Gregory Tillman, the city administrative law judge who heard the case on April 29 and May 28 of 1992.[Emphasis mine.]
He had no income, and over $600K in expenses. And no receipts or documentation!   I don’t know any Tax Professional who wants to stay in business who could sign his or her name to a return like that!  
And that is exactly  where this starts to get fun:
Jack Mitnick, the lawyer and accountant who prepared Trump’s tax returns for more than two decades, was Trump’s only witness. Mitnick testified that he was “thoroughly familiar” with the Trump tax returns and all aspects of the finances of Trump Tower, which were central to the appeal.
But when shown a photocopy of Trump’s 1984 tax return, Mitnick testified that “we did not” prepare that return, referring to himself and his firm, and he said [he] did not know who did. However, Mitnick did not dispute that it was his signature on the photocopy. [Emphasis mine.]
The accountant’s signature was on the return, but his firm did not prepare that tax return! How does THAT happen????
Among the issues raised by Mitnick’s 1992 testimony is whether Trump or someone acting on his behalf substituted a return that he or someone else prepared and then transferred Mitnick’s signature using a photocopier. [Emphasis mine.]
The judge noted that the original tax return was never found.  All they had was the photocopy.  Johnston speculated on Democracy Now! that perhaps the photocopy, not the original, was what was submitted to the IRS.
And that was just the first case!
The second case came when New York looked at the same 1984 tax return.
Again the issue was 1984 deductions Trump took without providing any documentation to auditors or when Frank W. Barrie, a state administrative law judge, heard his appeal.
It was in this appeal that the record shows Trump paid no income tax in 1984. [Emphasis mine.]
Look, as a Tax Professional, my job is to help people pay less tax, when possible.  I get clients who tell me that they want to pay as little as possible, and I joke that they are the only client I have who feels that way, because all my other clients want to pay much more than they have to, and we all have a good laugh.  But there is a difference between using tax law to legally reduce tax liability, and tax fraud.
In the city case, Judge Tillman noted that Trump complained of double taxation, but found that claim baseless. Using bold face to emphasize his point, Judge Tillman wrote, “The problem at issue is not one of double taxation, but of no taxation.”
Donald Trump does not want to release his tax returns because he doesn’t want you to know that Donald Trump pays no income taxes.
Trump claims that his returns are under audit, so he can’t release them.  This is nonsense.  As Johnston notes, tax returns are “filed under penalty of perjury, and releasing a return has no effect on an audit, as many tax authorities (including a former IRS commissioner) have noted.”
In any case, there is a 3 year statute of limitations on audits.  The IRS cannot now audit you for 2012 unless the case was opened prior to April 15th, two months ago as I write this.  Only 2013, 2014 and 2015 returns are open to a new audit. (If you cheated on your 2010 tax returns, for example, congratulations.  You won.)
But, as Johnston also notes:
The tradition of presidential candidates disclosing their tax returns has an august purpose: making sure that another criminal is not a heartbeat from the presidency or in the Oval Office. [Emphasis mine.]
The disclosure tradition dates to when Spiro Agnew resigned as vice president in 1973 and then plead guilty to a tax crime. President Richard Nixon was an unindicted conspirator in a felony for which his tax lawyer Edward L. Morgan went to prison for creating a fraudulent $576,000 tax deduction on his behalf—one of the specifications in the impeachment proceedings that never came to a vote because Nixon resigned in August 1974.
So there you have it. 

Richard Nixon famously made this statement, on November 17th, 1973, less than 9 months before he was forced to resign:



And I want to say this to the television audience. I made my mistakes. But in all of my years of public life, I have never profited - never profited from public service. I've earned every cent. And in all of my years of public life, I have never obstructed justice. And I think too, that I can say, that in my years of public life, that I welcome this kind of examination,because people have got to know, whether or not their President is a crook.
Well I’m not a crook.  I’ve earned everything I’ve got.
[Emphasis mine]
Donald Trump has learned from Richard Nixon.  As Johnston concludes:
The facts in the two appeals could arguably be construed as evidence of calculated tax fraud, a felony. They certainly cry out for disclosure because, as Richard Nixon told us, Americans should know to a certainty that their president is no crook.  [Emphasis mine.]
But Donald Trump has decided that the people do NOT have to know, to ANY certainty, “that their President is no crook.”