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The Times reports that Trump Organization tax records show between 2010 and 2018, President Trump wrote off as business expenses $26 million in "consulting fees." The consultants are not listed by name, but the Times compared the tax records to financial disclosures Ivanka Trump filed when she started working at the White House in 2017 as a senior adviser to her father. Ivanka Trump reported receiving $747,622 in payments from a consulting company she co-owned — the same exact amount in consulting fees the Trump Organization claimed as tax deductions for hotel projects in Hawaii and Vancouver.

As an executive officer with the Trump Organization, Ivanka Trump managed the Hawaii and Vancouver hotel projects, "meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times said. Ivanka Trump earned a salary of about $480,000 while serving as an executive with the Trump Organization, and the amount jumped up to $2 million after her father became president, the Times reports; since leaving to work in the White House, she has not received a salary from the company.

TheCatt wrote: "loopholes"

Leisher wrote:

TheCatt wrote: "loopholes"

We're not allowed to call them that anymore.

Cakedaddy wrote: And that's my point. If it's illegal/fraud, it's not a loophole. If it's part of the tax code, it's still not a loophole. To, me, what he's doing is challenging the interpretation of something and is hoping he''ll get away with his very loose interpretation. If the IRS looks at it and says "Yep. All legit." it's not a loophole. It's a valid deduction he has every right to take. If they look at it and say "No. This isn't how it works." then it's still not a loophole. He did his taxes incorrectly/fraudulently.

It all started when Eric Trump was asked on “Fox & Friends” about a lesbian New Yorker who supports the president.

“I’m telling you, I see it every day, the LGBT community, they are incredible and you should see how they’ve come out in full force for my father every single day. I’m part of that community and we love the man and thank you for protecting our neighborhoods and thank you for protecting our cities,” Trump said.

GORDON wrote: Is this true? Someone else cares more to do the checking, I'm just mildly curious.

Says trump actually paid a shitload in taxes those years.

https://www.westernjournal.com/nyts-hit ... s-treasury

“Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years.”

GORDON wrote: It says it in the article, but I always assume everything is lying, all the time.

So he got the millions he pre-paid back? Or... they rolled forward?

GORDON wrote: So,.......

Either those two years were flukes and he'll get that money back, or he pays millions each year and doesn't get it back.

GORDON wrote: Ok, so the TRUMP DOESN'T PAY TAXES news from the last week is horseshit, because there still isn't enough information. Except he's definitely paid millions to the treasury, that is beyond dispute.

That any of you believe anything reported about him boggles me.

GORDON wrote: And the conclusion to be drawn, with limited information, after checks were written for millions, is that he doesn't pay taxes?