Northwoods UU Issues Resource Links: DEMOCRACY, THE BIG LIE, & SOCIAL MEDIA

"He and the former first lady reported a negative income of $4.7 million in 2020, with $0 of taxable income and a net tax liability of $0. The same year, the couple also claimed a tax refund of $5.4 million."

"A separate report from the committee released earlier this month found that the the IRS did not audit Trump's taxes during the first two years of his presidency, even though the service is required to conduct mandatory reviews of presidents' tax returns." "The newly released documents, Trump said, "once again show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises."

"Notably, the report highlighted that the former president paid $0 in federal taxes in 2020 and just $750 in 2016 and 2017. In contrast, in 2018, he paid $999,466 and $133,445 in 2019.

It also found that Trump documented no taxable income in his joint returns for 2015, 2016, 2017 and 2020. Plus, there were millions of reported losses from the former president's business and personal income while in office."

PART OF TRUMP'S REACTION TO THE RELEASE OF HIS FEDERAL TAX RETURNS:
"The Democrats should have never done it, the Supreme Court should have never approved it, and it’s going to lead to horrible things for so many people. The great USA divide will now grow far worse. The radical, left Democrats have weaponized…"
Screenshot of a Twitter post by Liz Harrington | December 30, 2022 8:54 AM |

TAX FRAUD: NEW YORK STATE AND THE TRUMP ORGANIZATION

Trump himself was not on trial and denied any knowledge that a small group of executives were evading taxes on extras including rent-free apartments, luxury cars and private school tuition. Prosecutors said such items were part of what they dubbed the Trump Organization’s "deluxe executive compensation package."

....Trump's family business is known as the Trump Organization, but in fact consists of hundreds of business entities, including the Trump Corporation and the Trump Payroll Corporation.

....For example, the Trump Corporation gave yearly bonuses to some staffers (signed and distributed by Trump) as if they were independent contractors.

Weisselberg acknowledged on the stand that the move enabled the Trump business to avoid Medicare and payroll taxes.

....According to the Manhattan District Attorney's Office, this chapter of the criminal investigation of Trump and his businesses is over but a wider investigation of Trump's business practices is ongoing. A sprawling civil suit from New York Attorney General Letitia James is also scheduled to go to trial in the fall."

Justice Arthur Engoron of the state Supreme Court in Manhattan set the trial date during a contentious hearing on Tuesday following motions by the Trumps the night before to have the civil lawsuit dismissed."