The Soapbox

WahooMatt05

Joined: 08/30/2013 Posts: 26197
Likes: 48492


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.

(In response to this post by Lazarus)

Posted: 09/28/2020 at 06:56AM



+9

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Current Thread:
 
  
News You Can Use: If you only read one thing today ... -- Lazarus 09/28/2020 06:21AM
  Another dud. ** -- ryno hoo 09/28/2020 08:12AM
  The most unsurprising news ever. ** -- 81_Hokie 09/28/2020 07:46AM
  Details from NYT -- Lazarus 09/28/2020 07:19AM
  Here it is -- WahooMatt05 09/28/2020 08:01AM
  That's right. With a host of special rules if -- Shenhoo 09/28/2020 08:13AM
  Gotcha. Thanks ** -- WahooMatt05 09/28/2020 08:10AM
  Not that seven springs ** -- BocaHoo91 09/28/2020 08:09AM
  On its face, nothing nefarious there. ** -- Stimp 09/28/2020 08:05AM
  I’ll read it when I have time. -- Stimp 09/28/2020 08:16AM
  Actual taxation rules, you mean. -- Shenhoo 09/28/2020 08:20AM
  Can you help me with that? -- WahooMatt05 09/28/2020 08:09AM
  He isn’t necessarily a cheat if he pays no taxes -- 111Balz 09/28/2020 07:17AM
  The "no paying taxes" stuff doesn't interest me -- Fuzzy Dunlop 09/28/2020 08:38AM
  Yep ** -- 111Balz 09/28/2020 08:51AM
  His deductions appear highly questionable -- WahooMatt05 09/28/2020 07:59AM
  Balz FTW. Matt go back to school. -- PalmyraHoo 09/28/2020 07:30AM
  Not more. Any ** -- 111Balz 09/28/2020 07:58AM
  I saw this from AOC last night -- WahooMatt05 09/28/2020 07:10AM
  Flowbee -- PalmyraHoo 09/28/2020 07:15AM
  Maybe hair consulting. -- Shenhoo 09/28/2020 08:08AM
  Illegal? -- PalmyraHoo 09/28/2020 07:31AM
  Ivanka didn’t pay tax on that income? ** -- JMHoo 09/28/2020 07:39AM
  Yes ** -- Stimp 09/28/2020 07:52AM

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