Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (112790)	11/5/2020 9:23:13 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 116764

I am sorry but at this stage you are just making things up as you go along: >> the likelihood on an IRS audit is a lot greater for him than for ordinary Joe In fact the contrary has been true. Talk to any IRS auditor and she'll tell you (I know of a few and have spoken with them) and even IRS itself I think ended up admitting the contrary position in a congressional hearing. And the reason is that if they go after some super rich guy like Trump, they know that they are in for a prolonged trench war and they simply don't have the manpower and the firepower to slug it out. So instead they focus on the little guy because they pick battles that they can win. The rich guys will at best get to have an early and cheap settlement. A business associate of mine got audited a few years ago. The first thing he did was to tell them to talk with his tax lawyer. Then he got an accountant who used to be an IRS auditor. She put in a couple of intentional small errors in his filings so that the agent can claim victory. The combination scared IRS enough to quickly offer a settlement by picking on the small errors that they had inserted into the filings and claim victory. The real world picture is very different than what you think...He could have done a lot more if he had a few shell corporations and offshore accounts. I don't think they would even bother him if that had been the case. >> I just think people deserve to be treated as innocent until they are convicted. People? Yes, I agree with that. But are you under the impression that a person who has regularly settled fraud charges, filed multiple bankruptcies, is a serial adulterer and has affair with women about his daughter's age, meets every single indicator for sociopathy in DSM V (yes, that is not an exaggeration, you should check it out), and to top all that off, his own lawyers have asserted that he is psychologically incapable of speaking the truth and therefore should not be held accountable for perjury under oath...do you really think that such a person is in the same category as Joe 6-pack? Being fair is not the same as being naive. Treating people equally is not the same as giving a mobster the same benefit of doubt that you would give a college kid. Anyway - enough of this...I've said more that I should have. Now wouldn't it be fun if Trump wins AZ, NV, etc and Biden wins GA and they end up with 269 each ;) then we get House to choose the prez and the senate to choose the VP. That should be fun.