Hunter Biden Tinfoil issues

[old salt]

https://www.cbsnews.com/amp/news/tax-ir ... 8-billion/

It's OK, look at all the other cheaters. Good example there "dad".

https://www.instagram.com/p/CzRD12IAcc- ... M1YmI2Ng==

great example

https://finance.yahoo.com/news/decades- ... 23894.html
This is not Tucker’s first rodeo with the federal agency. In 2014, he agreed to pay the IRS $14 million after a lien was placed on one of his properties due to what his team said was the result of “poor accounting and business management.”

In 2010, the IRS and Tucker began negotiations that continued in 2011 and 2016 that would have him entering into an installment payment plan. The scheduled payments were to be between $25,000 and $50,000 over the course of 10 years.

Ultimately, the deal fell through when it was determined that the Atlanta-GA, native could not pay the debt off within a decade. Per the court documents, Tucker chose not to make payments despite having “sufficient equity and cash to pay the taxes fully.”

Over the past years, the IRS has reportedly urged Tucker to liquidate his assets to pay off the taxes. However, the suggestion was turned down.

Instead, in 2015, the 52-year-old actor and the U.S. agency agreed on monthly payments of $38,000 that he paid consistently before defaulting in 2019, according to MSN.

Success In Hollywood
In early 2023, Tucker, who has achieved huge success within Hollywood, especially for the “Rush Hour” trilogy of films, explained why he walked away from the industry despite earning top dollar as an actor at the time.

“The way I kind of stepped back from Hollywood, at one point being the highest paid actor in Hollywood, I felt like you know it was a ceiling right there,” Tucker said in an interview with Classix 102.9 ATL, per Atlanta Black Star. “I wanted more — it wasn’t enough.”

The details of when Tucker is expected to pay out the $3.58 million settlement to the IRS have yet to be disclosed.

So, nothing special about Hunter then, right?

Agree. Neither is special. They're both criminal scofflaws.
I don't know where the amounts they owe rank in the list of tax criminals.

[NattyBohChamps04]

I don't know where the amounts they owe rank in the list of tax criminals.

Yes, we all know you don't know. That's a feature of your world view.

[Typical Lax Dad]

https://www.cbsnews.com/amp/news/tax-ir ... 8-billion/

It's OK, look at all the other cheaters. Good example there "dad".

https://www.instagram.com/p/CzRD12IAcc- ... M1YmI2Ng==

great example

https://finance.yahoo.com/news/decades- ... 23894.html
This is not Tucker’s first rodeo with the federal agency. In 2014, he agreed to pay the IRS $14 million after a lien was placed on one of his properties due to what his team said was the result of “poor accounting and business management.”

In 2010, the IRS and Tucker began negotiations that continued in 2011 and 2016 that would have him entering into an installment payment plan. The scheduled payments were to be between $25,000 and $50,000 over the course of 10 years.

Ultimately, the deal fell through when it was determined that the Atlanta-GA, native could not pay the debt off within a decade. Per the court documents, Tucker chose not to make payments despite having “sufficient equity and cash to pay the taxes fully.”

Over the past years, the IRS has reportedly urged Tucker to liquidate his assets to pay off the taxes. However, the suggestion was turned down.

Instead, in 2015, the 52-year-old actor and the U.S. agency agreed on monthly payments of $38,000 that he paid consistently before defaulting in 2019, according to MSN.

Success In Hollywood
In early 2023, Tucker, who has achieved huge success within Hollywood, especially for the “Rush Hour” trilogy of films, explained why he walked away from the industry despite earning top dollar as an actor at the time.

“The way I kind of stepped back from Hollywood, at one point being the highest paid actor in Hollywood, I felt like you know it was a ceiling right there,” Tucker said in an interview with Classix 102.9 ATL, per Atlanta Black Star. “I wanted more — it wasn’t enough.”

The details of when Tucker is expected to pay out the $3.58 million settlement to the IRS have yet to be disclosed.

So, nothing special about Hunter then, right?

Agree. Neither is special. They're both criminal scofflaws.
I don't know where the amounts they owe rank in the list of tax criminals.

Water is wet.

[old salt]

I don't know where the amounts they owe rank in the list of tax criminals.

Yes, we all know you don't know. That's a feature of your world view.

So enlighten me. Now significant or insignificant are their unpaid tax liabilities ?

It's OK because everybody's doing it ?

[Typical Lax Dad]

I don't know where the amounts they owe rank in the list of tax criminals.

Yes, we all know you don't know. That's a feature of your world view.

So enlighten me. Now significant or insignificant are their unpaid tax liabilities ?

It's OK because everybody's doing it ?

Who said not paying taxes is OK? You trippin’

[OCanada]

OS makes things up in order to distract and deflect. No need to worry about truth

[Typical Lax Dad]

OS makes thongs up in order to distract and deflect. No need to worry about truth

That would be distracting!!

[OCanada]

Lololol it definitely would

[Farfromgeneva]

I don't know where the amounts they owe rank in the list of tax criminals.

Yes, we all know you don't know. That's a feature of your world view.

So enlighten me. Now significant or insignificant are their unpaid tax liabilities ?

It's OK because everybody's doing it ?

Who said not paying taxes is OK? You trippin’

Process crime.

[Farfromgeneva]

Lololol it definitely would

Somebody called out Sisqos name I believe.

https://m.youtube.com/watch?v=Oai1V7kaFBk

[MDlaxfan76]

I don't know where the amounts they owe rank in the list of tax criminals.

Yes, we all know you don't know. That's a feature of your world view.

So enlighten me. Now significant or insignificant are their unpaid tax liabilities ?

It's OK because everybody's doing it ?

Trump said yesterday that Mar-A-Lago is worth between $1B and $1.5B, but it is "smart" for him to claim to Palm Beach tax authorities that it's worth only its value as a club (and then says its "worth more" as a club than as a residence, huh?). As a club it has limited cash flow, and was valued less than $30 million. That makes Trump "smart".

The tax rate in Palm Beach county is 1.11%.
Taking the low end of Trump's estimate of value, that's more than $10 million in unpaid taxes per year.
High end, more than $15 million per year.

But let's be more conservative, Trump Org valued Mar-A-Lago at $500 million in its statements of Trump's personal worth, trust fund's worth, for business loans, insurance, etc.

If $500 million, more than $5 million unpaid taxes per year.

In 2002, Trump signed a deed restriction limiting the use, in perpetuity, of the property as a club. Not a residence. So, 20 years of paying taxes on a basis much, much lower than claimed for other purposes.

$100 million on most conservative end. $300 million on high end.

From a purely cash cost basis, Trump would be better off taking a beating on the business fraud and sticking with the lower tax assessment. But that wasn't his tactic yesterday.

I think he's going to lose hard on the fraud, indeed it's already been adjudicated as fraud. The argument is now on what the 'damages' were to lenders, etc, predominantly in lesser interest payments than what would have been reasonable had the fraud not occurred. An expert says $168 million....and then there's the punitive damages which can be a multiple of whatever is found as actual damages.

But Trump's tactic opens him up now to being sued for unpaid taxes in Palm Beach County too. So, another $100 - 300 million. That would have been pretty easy to avoid if he'd just said, yeah, the higher #'s were an error, but "I didn't order or intend for fraud to be committed". Gonna lose that one, anyway.

But his lawyers may feel it's better to take whatever tax hit than for Trump to admit to the fraud openly, as that might trigger criminal fraud conviction.

And Trump himself is only really thinking about the election, which is probably his only rational way out of jail, indeed the discussion of declaring the Insurrection Act and martial law at the outset of assuming the Presidency would create a situation in which monies can be quickly restored to his personal coffers in the resultant dictatorial kleptocracy.

[Farfromgeneva]

I don't know where the amounts they owe rank in the list of tax criminals.

Yes, we all know you don't know. That's a feature of your world view.

So enlighten me. Now significant or insignificant are their unpaid tax liabilities ?

It's OK because everybody's doing it ?

Trump said yesterday that Mar-A-Lago is worth between $1B and $1.5B, but it is "smart" for him to claim to Palm Beach tax authorities that it's worth only its value as a club (and then says its "worth more" as a club than as a residence, huh?). As a club it has limited cash flow, and was valued less than $30 million. That makes Trump "smart".

The tax rate in Palm Beach county is 1.11%.
Taking the low end of Trump's estimate of value, that's more than $10 million in unpaid taxes per year.
High end, more than $15 million per year.

But let's be more conservative, Trump Org valued Mar-A-Lago at $500 million in its statements of Trump's personal worth, trust fund's worth, for business loans, insurance, etc.

If $500 million, more than $5 million unpaid taxes per year.

In 2002, Trump signed a deed restriction limiting the use, in perpetuity, of the property as a club. Not a residence. So, 20 years of paying taxes on a basis much, much lower than claimed for other purposes.

$100 million on most conservative end. $300 million on high end.

From a purely cash cost basis, Trump would be better off taking a beating on the business fraud and sticking with the lower tax assessment. But that wasn't his tactic yesterday.

I think he's going to lose hard on the fraud, indeed it's already been adjudicated as fraud. The argument is now on what the 'damages' were to lenders, etc, predominantly in lesser interest payments than what would have been reasonable had the fraud not occurred. An expert says $168 million....and then there's the punitive damages which can be a multiple of whatever is found as actual damages.

But Trump's tactic opens him up now to being sued for unpaid taxes in Palm Beach County too. So, another $100 - 300 million. That would have been pretty easy to avoid if he'd just said, yeah, the higher #'s were an error, but "I didn't order or intend for fraud to be committed". Gonna lose that one, anyway.

But his lawyers may feel it's better to take whatever tax hit than for Trump to admit to the fraud openly, as that might trigger criminal fraud conviction.

And Trump himself is only really thinking about the election, which is probably his only rational way out of jail, indeed the discussion of declaring the Insurrection Act and martial law at the outset of assuming the Presidency would create a situation in which monies can be quickly restored to his personal coffers in the resultant dictatorial kleptocracy.

Bottom line is it’s up to those that supposedly hate liberals and Dems but don’t support Trump to stand up and out him down and the fact they aren’t speaks volumes about their character and spine.

[a fan]

I don't know where the amounts they owe rank in the list of tax criminals.

Yes, we all know you don't know. That's a feature of your world view.

So enlighten me. Now significant or insignificant are their unpaid tax liabilities ?

It's OK because everybody's doing it ?

Trump said yesterday that Mar-A-Lago is worth between $1B and $1.5B, but it is "smart" for him to claim to Palm Beach tax authorities that it's worth only its value as a club (and then says its "worth more" as a club than as a residence, huh?). As a club it has limited cash flow, and was valued less than $30 million. That makes Trump "smart".

The tax rate in Palm Beach county is 1.11%.
Taking the low end of Trump's estimate of value, that's more than $10 million in unpaid taxes per year.
High end, more than $15 million per year.

But let's be more conservative, Trump Org valued Mar-A-Lago at $500 million in its statements of Trump's personal worth, trust fund's worth, for business loans, insurance, etc.

If $500 million, more than $5 million unpaid taxes per year.

In 2002, Trump signed a deed restriction limiting the use, in perpetuity, of the property as a club. Not a residence. So, 20 years of paying taxes on a basis much, much lower than claimed for other purposes.

$100 million on most conservative end. $300 million on high end.

From a purely cash cost basis, Trump would be better off taking a beating on the business fraud and sticking with the lower tax assessment. But that wasn't his tactic yesterday.

I think he's going to lose hard on the fraud, indeed it's already been adjudicated as fraud. The argument is now on what the 'damages' were to lenders, etc, predominantly in lesser interest payments than what would have been reasonable had the fraud not occurred. An expert says $168 million....and then there's the punitive damages which can be a multiple of whatever is found as actual damages.

But Trump's tactic opens him up now to being sued for unpaid taxes in Palm Beach County too. So, another $100 - 300 million. That would have been pretty easy to avoid if he'd just said, yeah, the higher #'s were an error, but "I didn't order or intend for fraud to be committed". Gonna lose that one, anyway.

But his lawyers may feel it's better to take whatever tax hit than for Trump to admit to the fraud openly, as that might trigger criminal fraud conviction.

And Trump himself is only really thinking about the election, which is probably his only rational way out of jail, indeed the discussion of declaring the Insurrection Act and martial law at the outset of assuming the Presidency would create a situation in which monies can be quickly restored to his personal coffers in the resultant dictatorial kleptocracy.

Bottom line is it’s up to those that supposedly hate liberals and Dems but don’t support Trump to stand up and out him down and the fact they aren’t speaks volumes about their character and spine.

Bingo.

Third time that they "accidentally" nominated Trump as the leader of their Party.

[Typical Lax Dad]

I don't know where the amounts they owe rank in the list of tax criminals.

Yes, we all know you don't know. That's a feature of your world view.

So enlighten me. Now significant or insignificant are their unpaid tax liabilities ?

It's OK because everybody's doing it ?

Trump said yesterday that Mar-A-Lago is worth between $1B and $1.5B, but it is "smart" for him to claim to Palm Beach tax authorities that it's worth only its value as a club (and then says its "worth more" as a club than as a residence, huh?). As a club it has limited cash flow, and was valued less than $30 million. That makes Trump "smart".

The tax rate in Palm Beach county is 1.11%.
Taking the low end of Trump's estimate of value, that's more than $10 million in unpaid taxes per year.
High end, more than $15 million per year.

But let's be more conservative, Trump Org valued Mar-A-Lago at $500 million in its statements of Trump's personal worth, trust fund's worth, for business loans, insurance, etc.

If $500 million, more than $5 million unpaid taxes per year.

In 2002, Trump signed a deed restriction limiting the use, in perpetuity, of the property as a club. Not a residence. So, 20 years of paying taxes on a basis much, much lower than claimed for other purposes.

$100 million on most conservative end. $300 million on high end.

From a purely cash cost basis, Trump would be better off taking a beating on the business fraud and sticking with the lower tax assessment. But that wasn't his tactic yesterday.

I think he's going to lose hard on the fraud, indeed it's already been adjudicated as fraud. The argument is now on what the 'damages' were to lenders, etc, predominantly in lesser interest payments than what would have been reasonable had the fraud not occurred. An expert says $168 million....and then there's the punitive damages which can be a multiple of whatever is found as actual damages.

But Trump's tactic opens him up now to being sued for unpaid taxes in Palm Beach County too. So, another $100 - 300 million. That would have been pretty easy to avoid if he'd just said, yeah, the higher #'s were an error, but "I didn't order or intend for fraud to be committed". Gonna lose that one, anyway.

But his lawyers may feel it's better to take whatever tax hit than for Trump to admit to the fraud openly, as that might trigger criminal fraud conviction.

And Trump himself is only really thinking about the election, which is probably his only rational way out of jail, indeed the discussion of declaring the Insurrection Act and martial law at the outset of assuming the Presidency would create a situation in which monies can be quickly restored to his personal coffers in the resultant dictatorial kleptocracy.

That money doesn’t count. Hunter’s situation is far more egregious….and if Trump wants a Kleptocracy, so be it as the voters voted for him and knew it. That’s what we were told when he was in office the last time by Old Salt.

[ggait]

So Special Counsel Weiss is testifying today behind closed doors to Gym Jordan's house committee. FYI, a special counsel has never ever before testified before Congress in the middle of an ongoing investigation.

But Garland allowed Weiss to come in to testify to the duh obvious. Which is that the WB is just freaking wrong. [FYI, the WB is not a lawyer and so is clue-less about what a "special attorney" is in DOJ as compared to "special counsel." Key point.]

And to confirm, for like the 10th time, that Weiss had all the authority he needed to do whatever he wanted:

“I am, and have been, the decision-maker on this case,” Weiss said. “At no time was I blocked, or otherwise prevented from pursuing charges or taking the steps necessary in the investigation by other United States Attorneys, the Tax Division or anyone else at the Department of Justice.”

FYI, the USAG and two other sitting US Attorneys have also testified to this under oath.

Can't wait for Gym Jordan, Andy McCarthy and Cracked Saltine to tell us how all of those lawyers are jeopardizing their law licenses and livelihoods by repeatedly and publicly lying about that stuff. Because they are all in the tank for Sleepy Joe and Crackhead Hunter.

And Weiss will presumably triple/quadruple down on those lies in the future. Since, like all SCs, he is required to furnish a written report to Congress and will come in and testify again. Seems like the stupidest possible way to pull off a cover up.

[a fan]

Can't wait for Gym Jordan, Andy McCarthy and Cracked Saltine to tell us how all of those lawyers are jeopardizing their law licenses and livelihoods by repeatedly and publicly lying about that stuff. Because they are all in the tank for Sleepy Joe and Crackhead Hunter.

And Weiss will presumably triple/quadruple down on those lies in the future. Since, like all SCs, he is required to furnish a written report to Congress and will come in and testify again. Seems like the stupidest possible way to pull off a cover up.

Got a sawbuck that Jordan, taking advantage of the closed door meeting, will play the game....and ask that Weiss be removed claiming massive corruption, so that he can name a new SC, and let this case can last until, oh, about November 8, 2024.

[old salt]

The tax rate in Palm Beach county is 1.11%.
Taking the low end of Trump's estimate of value, that's more than $10 million in unpaid taxes per year.
High end, more than $15 million per year.

...what taxing authority allows the property owner to assess the value of the property for tax purposes ?

Which case against Trump includes charges of tax fraud ?

[MDlaxfan76]

The tax rate in Palm Beach county is 1.11%.
Taking the low end of Trump's estimate of value, that's more than $10 million in unpaid taxes per year.
High end, more than $15 million per year.

...what taxing authority allows the property owner to assess the value of the property for tax purposes ?

Which case against Trump includes charges of tax fraud ?

You conveniently cut the rest of my post.

But to answer your question, every jurisdiction I know of has a property tax appeals process that allows the property owner to submit their argument as to what the valuation should be.

Apparently Trump signed a deed restriction in 2002 that restricts the usage to a club, not a residence. Common practice for valuation of club properties is cash flows generated. Which Trump submitted as his argument for a low valuation. Palm Beach County accepted that argument based upon the valid deed restriction and the cash flows submitted by Trump. Nothing wrong with that...if that's all there was to it.

This is why he thinks he's 'smart'. He spends a great deal of time at his own club, yet operates it as a club so as to both generate some profits AND to avoid taxes that would be due if valued as a residence (it still wouldn't be worth what he's claimed, but that's another matter).

And that's all legal, or would be...except that he can't also righteously claim that the property has hundreds of millions of value for other purposes. (Much less $1-1.5 BILLION in value) As I wrote, he could have stuck with the notion that he'd made a mistake, hadn't been paying attention, his accountants didn't tell him the right thing, whatever BS story...the judge has already ruled it to be fraud based on the hard, cold facts, so that case was already lost...why open up the possibility of an unpaid taxes claim?

If he's going to full throatily now make the argument that the deed restriction isn't real, doesn't actually restrict the property's usage, is essentially a sham, indeed it actually increases the value to a buyer rather than decreases it,(and yes, that was his argument yesterday) then Palm Beach County can open up an unpaid tax case. They haven't done so yet, but perhaps they will do so now. I sure as heck would if I was the tax authority in Palm Beach County. That's serious jack, pays for lots of street lights during Xmas...

Trump's issue is that he's bragging about having pulled one over the tax authorities. He's "smart"...

[old salt]

The tax rate in Palm Beach county is 1.11%.
Taking the low end of Trump's estimate of value, that's more than $10 million in unpaid taxes per year.
High end, more than $15 million per year.

...what taxing authority allows the property owner to assess the value of the property for tax purposes ?

Which case against Trump includes charges of tax fraud ?

You conveniently cut the rest of my post.

But to answer your question, every jurisdiction I know of has a property tax appeals process that allows the property owner to submit their argument as to what the valuation should be.

Apparently Trump signed a deed restriction in 2002 that restricts the usage to a club, not a residence. Common practice for valuation of club properties is cash flows generated. Which Trump submitted as his argument for a low valuation. Palm Beach County accepted that argument based upon the valid deed restriction and the cash flows submitted by Trump. Nothing wrong with that...if that's all there was to it.

This is why he thinks he's 'smart'. He spends a great deal of time at his own club, yet operates it as a club so as to both generate some profits AND to avoid taxes that would be due if valued as a residence (it still wouldn't be worth what he's claimed, but that's another matter).

And that's all legal, or would be...except that he can't also righteously claim that the property has hundreds of millions of value for other purposes. (Much less $1-1.5 BILLION in value) As I wrote, he could have stuck with the notion that he'd made a mistake, hadn't been paying attention, his accountants didn't tell him the right thing, whatever BS story...the judge has already ruled it to be fraud based on the hard, cold facts, so that case was already lost...why open up the possibility of an unpaid taxes claim?

If he's going to full throatily now make the argument that the deed restriction isn't real, doesn't actually restrict the property's usage, is essentially a sham, indeed it actually increases the value to a buyer rather than decreases it,(and yes, that was his argument yesterday) then Palm Beach County can open up an unpaid tax case. They haven't done so yet, but perhaps they will do so now. I sure as heck would if I was the tax authority in Palm Beach County. That's serious jack, pays for lots of street lights during Xmas...

Trump's issue is that he's bragging about having pulled one over the tax authorities. He's "smart"...

I shortened your post so there'd be no confusion about what I was addressing.

So why is this being adjudicated in NYC rather than Palm Beach County ?

[old salt]

I don't know where the amounts they owe rank in the list of tax criminals.

Yes, we all know you don't know. That's a feature of your world view.

So enlighten me. Now significant or insignificant are their unpaid tax liabilities ?

It's OK because everybody's doing it ?

Trump said yesterday that Mar-A-Lago is worth between $1B and $1.5B, but it is "smart" for him to claim to Palm Beach tax authorities that it's worth only its value as a club (and then says its "worth more" as a club than as a residence, huh?). As a club it has limited cash flow, and was valued less than $30 million. That makes Trump "smart".

The tax rate in Palm Beach county is 1.11%.
Taking the low end of Trump's estimate of value, that's more than $10 million in unpaid taxes per year.
High end, more than $15 million per year.

But let's be more conservative, Trump Org valued Mar-A-Lago at $500 million in its statements of Trump's personal worth, trust fund's worth, for business loans, insurance, etc.

If $500 million, more than $5 million unpaid taxes per year.

In 2002, Trump signed a deed restriction limiting the use, in perpetuity, of the property as a club. Not a residence. So, 20 years of paying taxes on a basis much, much lower than claimed for other purposes.

$100 million on most conservative end. $300 million on high end.

From a purely cash cost basis, Trump would be better off taking a beating on the business fraud and sticking with the lower tax assessment. But that wasn't his tactic yesterday.

I think he's going to lose hard on the fraud, indeed it's already been adjudicated as fraud. The argument is now on what the 'damages' were to lenders, etc, predominantly in lesser interest payments than what would have been reasonable had the fraud not occurred. An expert says $168 million....and then there's the punitive damages which can be a multiple of whatever is found as actual damages.

But Trump's tactic opens him up now to being sued for unpaid taxes in Palm Beach County too. So, another $100 - 300 million. That would have been pretty easy to avoid if he'd just said, yeah, the higher #'s were an error, but "I didn't order or intend for fraud to be committed". Gonna lose that one, anyway.

But his lawyers may feel it's better to take whatever tax hit than for Trump to admit to the fraud openly, as that might trigger criminal fraud conviction.

And Trump himself is only really thinking about the election, which is probably his only rational way out of jail, indeed the discussion of declaring the Insurrection Act and martial law at the outset of assuming the Presidency would create a situation in which monies can be quickly restored to his personal coffers in the resultant dictatorial kleptocracy.

That money doesn’t count. Hunter’s situation is far more egregious….and if Trump wants a Kleptocracy, so be it as the voters voted for him and knew it. That’s what we were told when he was in office the last time by Old Salt.

Hunter's situation is far less ambiguous & less open to dispute. He either reported all his earnings & paid income tax on them, or he did not.

Trump's financial gymnastics have nothing to do with Hunter. Trump's financial dealings are being adjudicated.