Do TRUMP income taxes reveal massive fraud?

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AHE
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Do TRUMP income taxes reveal massive fraud?

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Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750. He had paid no income taxes at all in 10 of the previous 15 years

His finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses.

Examining the Trump Organization’s tax records, a curious pattern emerges: Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense
https://www.usatoday.com/story/news/pol ... 557530001/
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AHE
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Re: Do Trump income taxes reveal massive fraud?

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Trump always boasted his money came from real estate, but the Times report paints a more nuanced picture.

But businesses managed directly by Trump, including a skating rink in New York's Central Park and the Mar-a-Lago resort in Florida, lost $174.5 million over the same period.

Trump runs his real estate business when the times are good, and he seems to be very unqualified to run them when times get tough," said Kevin Riordan, a real estate finance professor at Montclair State University.

The president is personally responsible for loans and other debts totaling $421 million, most of which come due in the next four years. The Times reported he hasn't paid down a $100 million mortgage on commercial space in Trump Tower, which is to be repaid in 2022.

There is also evidence that Trump is not in a financial state to settle to those accounts.

His core businesses had lost some $100 million in the two years prior to 2015, and he lost lucrative sponsorship deals over remarks decried as racist during the 2016 election campaign.

Not only do the people that own Trump's debt have leverage over him, but the people that know about it have significant leverage over him," said Donald Sherman, deputy director of Citizens for Responsibility and Ethics in Washington
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https://www.msn.com/en-us/news/politics ... r-BB19vG2V
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