There was so much in that story that shows he is in serious trouble
From the liquidity issues that caused him to sell almost all his securities, to the loans he is personally on the hook for that come due soon, to the $70M refund that he might have to pay back with interest and penalties, to the questionable deductions, like his property tax deduction of $2 million when the legal limit is $10,000, to the fact that he paid his daughter as a consultant for $700k when she was also an employee, to the fact that his operating expenses mysteriously jumped four to five times in one year without an obvious reason.
There’s a reason he didn’t release his tax returns. They hurt his image, they show his businesses are not making money, and they open him up to a ton of legal liability.
As someone who had to ridiculously get a business license and pay self employment tax for a few years because of fantasy sports winnings, fuck him. He’s a tax cheat. I can’t wait for the IRS to come down on him like they should have decades ago.
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In response to this post by Lazarus)
Posted: 09/28/2020 at 06:56AM