No. of Recommendations: 2
I read that earlier today. It is 1 thing after another with Trump. If there is any 1 person who singlehandedly fits the definition of a Potemkin Village, it's Trump. With that said, he is far from the only "wealthy" person who is getting away with tax fraud. There is a completely different set of rules or "laws" that the Trump ilk live by, compared to all the rest of us. And I don't even mean that in a MAGAt vs Libtard way, both sides of the divide have people gaming the system in ways that the rest of us can scarcely comprehend. Pretty disheartening. And sooner or later, the rest of us will be paying more in taxes, or taking cuts in SS and Medicare ( or both ).
No. of Recommendations: 3
obfuscation for delays, and effectively permanent deferrals of justice is not just a legal tactic for the trump clan.
it's a business strategy, a family credo, a way of life.
from the NYT article :
["That the I.R.S. did not initiate an audit of the 2008 worthlessness deduction puzzled the experts in partnership taxation. Many assumed the understaffed I.R.S. simply had not realized what Mr. Trump had done until the deadline to investigate it had passed.
“I think the government recognized that they screwed up,” and then audited the merger transaction to make up for it, Mr. Jackel said.
The agency’s difficulty in keeping up with Mr. Trump’s maneuvers, experts said, showed that this gray area of tax law was too easy to exploit.]
