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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Sdgla who wrote (1385511)	1/1/2023 9:34:13 AM
From: Mongo2116	1 Recommendation Recommended By rdkflorida2 Respond to of 1571190

Why was Trump loaning money to his adult children? And did Trump claim gifts to his children as loans?In each year of Trump’s presidency, Trump claimed that he had loaned three of his adult children – Ivanka, Donald Jr. and Eric – undisclosed sums of money on which he collected interest. The tax returns don’t say how much he lent them or why he gave them loans in the first place. Between 2017 and 2020, Trump claimed he received exactly $18,000 in interest on a loan he gave his daughter Ivanka Trump and $8,715 in interest from his son Donald Trump, Jr.. In 2017 to 2019, Trump said he received exactly $24,000 from his son Eric Trump, and Eric paid him $19,605 in interest in 2020. The bipartisan Joint Committee on Taxation said the loans and the amounts of claimed interest could indicate Trump was disguising gifts to his children. If the interest Trump claims to have charged his children was not at market rate, for example, it could be considered a gift for tax purposes, requiring him to pay a higher tax rate on the money.

To: Sdgla who wrote (1385511)	1/1/2023 9:35:27 AM
From: Mongo2116	1 Recommendation Recommended By rdkflorida2 Respond to of 1571190

Why didn’t the IRS do its job?Since 1977, the Internal Revenue Service has had a policy of auditing every president’s personal tax returns while they are in office. But the IRS didn’t do any examination of Trump’s tax returns until the Ways and Means Committee requested an audit in April of 2019. When the committee asked Treasury Department representatives about the apparent lapse, they declined to provide information about the actual operations of the mandatory audit program, according to the committee’s report. It remains unclear whether Trump received special treatment or, as the committee noted, the IRS was hamstrung by an acute lack of resources. The lack of an audit looks especially suspect after representatives for Trump’s predecessor and successor said they had been subjected to annual audits by the IRS. A Biden White House spokesman told the AP that the IRS audited Biden in both 2020 and 2021. Representatives for former President Barack Obama told the New York Times that the IRS audited him each year he was in office.

To: Sdgla who wrote (1385511)	1/1/2023 9:36:59 AM
From: Mongo2116	1 Recommendation Recommended By rdkflorida2 Respond to of 1571190

What’s the scope of Trump’s foreign business operations, and who are his partners?Trump’s companies and business interests span the globe. On his tax return, Trump listed business income, taxes, expenses or other notable financial items from or in Azerbaijan, Panama, Canada, India, Qatar, South Korea, the United Kingdom, China, the Dominican Republic, United Arab Emirates, the Philippines, Grenada, US territory Puerto Rico, Georgia, Israel, Brazil, St. Maarten, Mexico, Indonesia, Ireland, Turkey and St. Vincent. But the tax returns don’t explain what business ties he had in those countries and with whom he might have been working while he was president. Unlike previous presidents, Trump declined to divest his business interests while he was in office. Critics said his many foreign holdings compromised his ability to act independently as a politician. BUT BUT BUT HE DONATED HIS SALARY!!!!! BAHAHAHAHAHAHAHAHAHA...SUCKERS