Politics and Religion

Kamala predictably gets . . . .
coeur-de-lion 400 Reviews 452 reads
posted
1 / 22

an endorsement from a union associated with the IRS.  Of course, they will endorse someone who wants to raise taxes.  They are also motivated by fears that Trump would cut most of the 84,000 new hires the Biden/Harris administration wants to add to come after all of us posting here.  Bureaucracy's thrive on increasing their power through employment of more minions that need guv'ment jobs because they cannot succeed in the private sector.    

BigPapasan 3 Reviews 50 reads
posted
2 / 22

THANK YOU CDL!!  You perfectly described teat-sucking gubmint drone willywonka4u!  ROFLMAO!

coeur-de-lion 400 Reviews 70 reads
posted
3 / 22

Willy has a good thing going getting paid while he posts all day on TER.  I was referring to the lifer bureaucrats that spend their whole life moving up the slow ladder until they reach the level of their incompetence.  I think Willy is probably UTR to these people.  Good for him.  

BigPapasan 3 Reviews 54 reads
posted
4 / 22

Where did you read this?   On TER.
Who wrote that willy "has a good thing going getting paid while he posts all day on TER."   Not willy.

 
How the fuck do you know that willy is NOT the epitome of the Peter Principle.  You don't!  You're just trying to cover your ass for ridiculing willy and his job.

Hpygolky 214 Reviews 72 reads
posted
5 / 22

So the 84K agents aren’t new  hires .
And the few added agents have recouped 1B over the year from deadbeat billionaires.
I'd say that’s a pretty good ROI.

coeur-de-lion 400 Reviews 70 reads
posted
6 / 22

in the way of diversion of the funds to other projects, leaving no funds for the bulk of these projected hires.  The IRS is under the purview of the Executive Branch, and has discretionary use of the funds allotted by Congress to their branch of the government.  If Trump wants to use it to restart the border wall, he can.  

 
By the way, the 1 billion recouped is less than 1/10th of a percent of the combined wealth of the billionaire class in the US.  I'm betting that they spent more than one billion of the allocated funds to collect the one billion.  Any business that operates that way would be bankrupt in short order, but the government can just keep printing money and the Dems will spend it, driving more inflation.  

impposter 49 Reviews 65 reads
posted
7 / 22

http://www.irs.gov/newsroom/irs-tops-1-billion-in-past-due-taxes-collected-from-millionaires-compliance-efforts-continue-involving-high-wealth-groups-corporations-partnerships
IRS tops $1 billion in past-due taxes collected from millionaires; compliance efforts continue involving high-wealth groups, corporations, partnerships. [July 11, 2024]
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"As part of continuing compliance efforts under the Inflation Reduction Act, the Internal Revenue Service today announced the agency has surpassed the $1 billion mark in collections from high-wealth taxpayers with past-due taxes. As part of larger efforts taking place, the IRS has stepped up activity specifically on 1,600 individuals whose incomes were more than $1 million per year and who each owed the IRS more than $250,000 in recognized tax debt. Since last fall, this IRS compliance effort has generated more than $1 billion in collections from this group, with work continuing in this area. ..."
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http://www.irs.gov/about-irs/the-agency-its-mission-and-statutory-authority
"The IRS is a bureau of the Department of the Treasury and one of the world's most efficient tax administrators. ... The IRS spent just 35 cents for each $100 it collected."
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($1,000,000,000 / $100 ) x $0.35 = $3,500,000.

Posted By: coeur-de-lion
Re: Exactly, the "cut" would come . . . .
in the way of diversion of the funds to other projects, leaving no funds for the bulk of these projected hires.  The IRS is under the purview of the Executive Branch, and has discretionary use of the funds allotted by Congress to their branch of the government.  If Trump wants to use it to restart the border wall, he can.    
   
   
 By the way, the 1 billion recouped is less than 1/10th of a percent of the combined wealth of the billionaire class in the US.  I'm betting that they spent more than one billion of the allocated funds to collect the one billion.  Any business that operates that way would be bankrupt in short order, but the government can just keep printing money and the Dems will spend it, driving more inflation.  

willywonka4u 22 Reviews 61 reads
posted
8 / 22

Our office has been understaffed for years.

Hpygolky 214 Reviews 64 reads
posted
9 / 22

Again, is the wall even a thing now???  
But if its all the same to you, I'd much rater have the IRS go after the billionaire cheats. And I doubt that the IRS spent more then that to recoup those taxes, If anything I bet it was at least a 100% return, if not more
So carry on with your wall...

coeur-de-lion 400 Reviews 63 reads
posted
10 / 22

is the low hanging fruit.  It means the taxpayer admitted on his return that he owes the money but hasn't paid it yet.  The real money is in finding owed taxes that have not been admitted, and this is what costs a lot more to find and collect.  It often involves offshore business activities.  The IRS can spend a few million dollars chasing a tax collection case and then come to a dead end.  Government and banks in tax haven countries are reluctant to cooperate with the IRS because they are making too much money helping people avoid taxes.

Hpygolky 214 Reviews 76 reads
posted
12 / 22

I know a guy, because of the nature of his business, he has to be liquid in the amounts of 100K at least.
For years he has owed the IRS money. This guy had the means to pay the bill and be done with it. But if something came up he might be strapped.  So what he does is that he makes installment payments. He figures with an interest rate of 4% and a 1% late fee it was a bargain. For years, it was never a problem. After about 8-9 months he was done for that year.
Until this year. He made the first two payments, and by the way he didn't qualify for the installment package offered, they figured he had the money to pay up.
Well after the first two payment were made, the IRS told him pay to the full amount NOW or we're coming after you. He paid and that was that. So in a way they seem to have gotten tougher and they now have a no bullshit allowed attitude.
Was this because of the extra hires, maybe. I hear they're easier to contact now.  
But it seems that they want THEIR money.....like pronto

impposter 49 Reviews 95 reads
posted
13 / 22

I think it might be a lot more than $100M.
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1. There's the matter of a mysterious (undocumented) "loan" of $50M held by Trump Org.. Apparently, Trump Org blew another project (Chicago Tower) and obtained "loan forgiveness" from the banks. That should have wiped out $50M of the debt (and been declared as income). Instead, Trump Org moved the "debt" around different Trump LLCs where it persisted as a $50M loan from one Trump LLC shell company to another Trump LLC shell company. It's called loan "parking." When used to avoid paying taxes, it is ILLEGAL. So, Trump has avoided paying tax on $50M (so far) AND still hasn't explained the mystery $50M loan still on the Trump Org. books.  
http://www.theeroticreview.com/discussion-boards/politics-and-religion-39/related-to-but-different-from-the-mystery-50m-mystery-loan-441845
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2. One of the $100+ M tax liens may be from making a false claim to the IRS in order to obtain a $73M tax refund. Trump "abandoned" his worthless Trump Casino stock ownership in the 1990s in order to be able to claim part of his  huge ($1+ B) tax loss ... which he carried forward for ~10 years in order to avoid paying any taxes at all. A (generous) law was passed under Obama allowing a change in how losses and taxes were computed.  The new law required "TOTAL" abandonment of a property or investment and to receive NOTHING in return in order to qualify. Trump had actually received a 5% interest in the re-structured company which disqualified his eligibility. He requested a $73 M refund (from the 1990s "total" abandonment) and got it. That's when he said to his lawyer Michael Cohen, "Look at this (IRS refund). I can't believe the IRS is so stupid." Upon looking into it AFTER the refund, the IRS determined that it was NOT total abandonment and Trump did not qualify and should not have received the refund at all. Trump and the IRS have been negotiating that for YEARS. That was part of Trump's campaign excuse of "I can't release my taxes because I'm under audit." going back to 2015. It was NOT an audit, it was a dispute over lying to the IRS in order to obtain the refund. With interest, Trump could owe $100+ M to the IRS.
http://www.theeroticreview.com/discussion-boards/politics-and-religion-39/is-this-the-100-m-tax-lien-439185
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3. There is another IRS dispute that may be over $100 M about Trump double dipping on tax deductions on his failed Chicago Trump Tower project. This is what Nicky was referring to in his post:
http://www.theeroticreview.com/discussion-boards/politics-and-religion-39/current-estimates-are-that-trump-may-owe-the-irs-100-million-450542
http://www.theeroticreview.com/discussion-boards/politics-and-religion-39/trump-may-owe-the-irs-100-million-because-of-a-tax-fraud-scheme-441832
http://www.independent.co.uk/news/world/americas/crime/trump-tax-breaks-chicago-tower-b2543447.html
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4. And ANOTHER Trump tax scheme was recently described in the new book "Lucky Loser: How Donald Trump Squandered His Father's Fortune And Created The Illusion Of Success."  
http://www.npr.org/2024/09/17/g-s1-23396/lucky-loser-dispels-the-myth-of-trump-as-a-self-made-billionaire
Fred Trump LOANED Donald $15 M to help Donald avoid bankruptcy on one of Donald's failing real estate projects. The project failed anyway and the loan was never repaid. When ANOTHER Donald project FAILED (Trump Plaza, I think), Fred shifted the claim from "unrepaid loan to Donald Project A" to an "investment loss in Donald Project B". There was a tax advantage to claiming a "$15M investment loss" instead of a "$15M unpaid loan" loss. The IRS might be looking into that again.  
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Which reminds me ... has Trump released his latest tax returns for this (2024) campaign season?  LOL.

Posted By: inicky46
Re: Current estimates are that Trump may owe the IRS $100 million
for fraudulent returns.

impposter 49 Reviews 82 reads
posted
14 / 22

I might as well remind the Trump Cult of this one, too:
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http://www.theeroticreview.com/discussion-boards/politics-and-religion-39/tax-cheat-leona-helmsley-was-called-a-disgrace-to-humanity-in-1989-401534
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"Tax Cheat Leona Helmsley was called "a disgrace to humanity" in 1989.
"Who called tax cheat Leona Helmsley "a disgrace to humanity"? Donald Trump, of course!"
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"... http://www.washingtonpost.com/politics/2021/07/02/what-trump-said-about-leona-helmsleys-tax-evasion/
What Trump said about Leona Helmsley’s tax evasion
"... Multiple reports and social media posts referenced Trump’s 1989 comments about fellow New York real estate developer Leona Helmsley, who was later convicted of evading $1.2 million in taxes. As the New York Times wrote Thursday: "[Trump’s] reluctance to discuss the allegations in depth stood in contrast to his gloating after a real estate rival, Leona Helmsley, was charged with tax crimes in 1989, prompting Mr. Trump to call her a “disgrace to humanity.” "  
...
"When Helmsley’s tax fraud trial began, Trump again piled on, saying, “I can feel sorry for my worst enemy, but I cannot feel sorry for Leona Helmsley. She deserves whatever she gets.” ..."
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I wonder if Leona (1909 - 1997) and Donald will be sharing a cell in hell?

coeur-de-lion 400 Reviews 67 reads
posted
15 / 22

Her Husband Harry, who predeceased her, was, and a competitor to the real estate business of the Trump family.  Not surprising that Trump said negative shit about her.  

 
The average person does not understand the difference between Tax avoidance, which is legal, and tax evasion, which is not. If you are going to involve yourself in tax avoidance, and take advantage of the benefits build into the tax code, you better know what you are doing, because the line between avoidance and evasion is like a border between two properties.  There is no overlap.  If you cross the line, it's trouble, so you stay back and never go right up to the line.  You give yourself a buffer on the legal side.  Leona failed to do this and paid the price.  Most tax cases involve a taxpayer can legally save 90 percent of his tax, but crosses the line to try to get the other ten percent.  It's all about greed.  

inicky46 61 Reviews 67 reads
posted
16 / 22

of tax evasion. The Chicago case being a shining example.

impposter 49 Reviews 69 reads
posted
17 / 22

Posted By: coeur-de-lion
Re: Leona was not smart, . . . .
Her Husband Harry, who predeceased her, was, and a competitor to the real estate business of the Trump family.  Not surprising that Trump said negative shit about her. ...
Trump's real estate empire is, mostly, a disaster: numerous failed projects in the early days. Lost billions in his idiotic Atlantic City casinos (6 bankruptcies). Trump Park Plaza: mismanaged into a loss in around years and then sold. Old Post Office Hotel in DC: mismanaged and lost around $7M per year under Trump; sold after just a few years of operation.  Trump Chicago Tower: Trump had so much debt on it that he declared  it a total loss. Foreign projects that bombed completely or remain as open holes in the ground or with rusting structures and no completed buildings.  
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Compare: The Helmsley RE Empire (real estate, property management companies, hotels, ...) was real and profitable and worth multiple billions of dollars.  
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Trump Charity had a small fund and operated in a fraudulent manner until it was terminated by the State of NY. Trump and Jr, Eric, and Ivanka were barred from operating / leading charities in NYS for varying numbers of years.  
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Compare: https://helmsleytrust.org/about/
"The Leona M. and Harry B. Helmsley Charitable Trust is a global philanthropy committed to helping people live better lives today and creating stronger, healthier futures for individuals and communities. We partner with people and organizations to invest in new ideas or research across six program areas: Crohn’s Disease, Israel, Rural Healthcare, Type 1 Diabetes, Vulnerable Children in Sub-Saharan Africa, and New York City."  
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"During their lifetimes, Harry and Leona Helmsley donated many millions of dollars to a wide range of causes, focusing primarily on health-related institutions and efforts. They left a tremendous philanthropic legacy, which paved the way for the Helmsley Charitable Trust today."
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"In 2008, The Helmsley Charitable Trust began its active grantmaking after the passing of Leona Helmsley, who left nearly all of the Helmsleys’ estate to the Trust, giving its Trustees the responsibility to decide which charitable purposes to support. Since then, Helmsley has grown from a start-up to a global philanthropy with an $8 billion endowment that works in partnership with organizations across the U.S. and select parts of the world. ..."
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In fiscal 2023, the Helmsley Trust disbursed ~$467M in grants.  (That would almost pay off Trump's disgorgement fine and penalties on his NYS business fraud conviction!)  
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I'd say that TRUMP is not smart and, turning Trump's own phrase on him, it is TRUMP who "is a disgrace to humanity."

coeur-de-lion 400 Reviews 68 reads
posted
18 / 22

The Helmsley Trust did not kick in until after the death of both Trustors, at which time a pack of lawyers descend on the trust and administer it as they believe Harry would have wanted.  Leona's background was as a New York Real Estate rental broker.  Harry was already one of the richest people on the Forbes 400 before Leona stole him away from his wife.  She may have been smart enough to seduce old Harry as a younger women, but she knew nothing about the business or tax matters that she married into after Harry's divorce.  She was a shamless slut.

 
If you want to try to debate me, address these points.  Your, "But Trump . . . " responses are weak.  I did not mention Trump at all in my post, so I'm perplexed by you including him in your response.  You brought up Leona, and I just added some info ABOUT HER that others may not know.    

coeur-de-lion 400 Reviews 62 reads
posted
19 / 22

The Helmsley Trust did not kick in until after the death of both Trustors, at which time a pack of lawyers descend on the trust and administer it as they believe Harry would have wanted.  Leona's background was as a New York Real Estate rental broker.  Harry was already one of the richest people on the Forbes 400 before Leona stole him away from his wife.  She may have been smart enough to seduce old Harry as a younger women, but she knew nothing about the business or tax matters that she married into after Harry's divorce.  She was a shamless slut.

 
If you want to try to debate me, address these points.  Your, "But Trump . . . " responses are weak.  I did not mention Trump at all in my post, so I'm perplexed by you including him in your response.  You brought up Leona, and I am just adding some info ABOUT HER that others may not know.    

inicky46 61 Reviews 57 reads
posted
20 / 22
impposter 49 Reviews 73 reads
posted
21 / 22

Harry Helmsley and his wives were generous philanthropists during their LIFEtimes:  
"During their lifetimes, Harry and Leona Helmsley donated many millions of dollars to a wide range of causes, focusing primarily on health-related institutions and efforts. They left a tremendous philanthropic legacy, which paved the way for the Helmsley Charitable Trust today."  
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They created the TRUST to SUSTAIN their philanthropy according to their general preferences after their deaths. I.e., global health: they didn't specify or limit the Trust to specific places or issues; they knew that needs would change over time. Their grandchildren are on the board and they help to make sure that the general missions are properly supported.  
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As far as I can tell, the Helmsley Charitable Trust does not solicit donations. They operate the ~$8B endowment to be self-sustaining so they can continue to provide hundreds of millions of dollars in grants each year. (Trump's transactional philosophy: "I don't get it? What's in it for them?") The Trump Charity relied almost entirely on DONATIONS that Trump funneled into his own uses: Trump Charity bought a giant portrait of Trump to hang at one of his golf courses. Trump was able to give his supporters phony TAX DEDUCTIONS by funneling their "charity" donations to his own 2016 campaign. Does this not bother you? How much of his own money did Trump contribute to the Trump Charity? Very little, if any.

Posted By: coeur-de-lion
Re: Leona was not smart, . . . .
The Helmsley Trust did not kick in until after the death of both Trustors, at which time a pack of lawyers descend on the trust and administer it as they believe Harry would have wanted.  Leona's background was as a New York Real Estate rental broker.  Harry was already one of the richest people on the Forbes 400 before Leona stole him away from his wife.  She may have been smart enough to seduce old Harry as a younger women, but she knew nothing about the business or tax matters that she married into after Harry's divorce.  She was a shamless slut.  
   
If you want to try to debate me, address these points.  Your, "But Trump . . . " responses are weak.  I did not mention Trump at all in my post, so I'm perplexed by you including him in your response.  You brought up Leona, and I am just adding some info ABOUT HER that others may not know.    
Of course the MAGAs only talk about "others" and hypocritically never mention Trump. That is why there are so many "But Trump ..." replies as an attempt to open your eyes to Trump AND to your (plural) own hypocrisy.

inicky46 61 Reviews 75 reads
posted
22 / 22

"Leona Helmsley and Her Millionaire Dog?
Trust Counsel
October 31, 2019
When Leona Helmsley died, she left her pet Maltese, named Trouble, a trust fund valued at $12 million dollars. That made Trouble the third wealthiest dog in the world at the time (the top spot goes to Gunther III, Countess Karlotta Libenstein’s German Shepherd, who inherited $106 million in 1992). Stories like these may well have us wondering what kind of person would leave millions and millions to their pet. In this case, the answer is: a complicated one! Real estate tycoon, hotel owner, and billionaire, Helmsley’s long and crooked life led inevitably to spending her final days with only Trouble for company."
Today, Wanker would say her dog would be eaten by Haitians.

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