If he uses campaign donations for legal bills, are they taxable?If someone gives him the money wouldn't he owe income tax on it? 450M should be good for 100M in tax.
Don't think he's capable of feeling shame. Even if everything collapses, he would just blame all the evil Democrats that went after him.I just hope his impending Alzheimers doesn’t rot his brain too far where he’s not conscious enough to feel humiliated about this loss. I ain’t hopeful he will see the inside of a prison cell, but I do hope he will be a broke, miserable fool before he passes and he’s mentally there to know it on his deathbed.
That is the problem. Trump grew up in the shadow of a father who made him feel worthless. Narcissistic psychopathy is a condition of shameless self-aggrandizement that is there to prevent ever feeling shame again. It is an extreme form of self hate, the love of a phony made up self, a fictional lie, one has to project to hide the internal disaster and pain. It's just ego in the extreme. We hate Trump because we have the same needs and he has succeeded so far in sucking the life out of everything he touches because, unlike us, he can't feel any shame at all He is better at being sick than most people. In our culture having money is what determines a person's worth so Trump was born on third base making it easy for him to pretend.Don't think he's capable of feeling shame. Even if everything collapses, he would just blame all the evil Democrats that went after him.
That was then, this is now. The TSLA story is materially different 18 months later. The question everyone is now asking is whether Tesla is still worth over $500B? I'll leave the answer to you.Musk sold $22 billion of Tesla stock over a few months as part of his twitter takeover. Incl $8.5 bil in one go. Yes shareholders grumbled but I dont think $500 mil would have much of an impact on the stock.
Last I heard, this GFM had raised less than $2M total. It'll take a long time to come up with $450M because rubes are paying with their SS checks.Apologies if already posted, but of course there is a gofundme to help this turd out (on paper at least).
Donate to Stand with Trump; Fund the $355M Unjust Judgment, organized by Elena Cardone
My name is Elena Cardone and I am a wife of Grant Cardone, mother and … Elena Cardone needs your support for Stand with Trump; Fund the $355M Unjust Judgmentwww.gofundme.com
And hey they have found a number of rubes so far.
The question is--is this a grift in the name of another grifter? Where will this money actually end up? Apparently the woman doing this is married to one of those "pay me to tell you how to get rich" stains, so I think it's a valid question.
I'd love to think that whatever happens to this money, much like with the Republican party coffers it means it won't be going to help Trump win the election. Then again, we all know who the rich in this country (and some others) favor, it may be impossible to dry up that well.
According to Trump, they are not... he is using a tax-exempt PAC to pay most of his legal bills. Using a tax loophole, where this specific use of a Leadership PAC has not been previously litigated or formalized as a legitimate (or illegitimate) use of funds.If he uses campaign donations for legal bills, are they taxable?
It’s not shame I want him to feel. Shame implies he can feel guilt, which I don’t think his narcissism permits. Rather, I hope he feels humiliation, which I think he is very capable of feeling.Don't think he's capable of feeling shame. Even if everything collapses, he would just blame all the evil Democrats that went after him.
If it's his bills, not the PAC's bills, then how exactly is the PAC paying for his bills not a gift? a taxable gift? If a church gives someone money, it's taxable, so what's the difference?According to Trump, they are not... he is using a tax-exempt PAC to pay most of his legal bills. Using a tax loophole, where this specific use of a Leadership PAC has not been previously litigated or formalized as a legitimate (or illegitimate) use of funds.
However, he can't (legally) do the same method for his $450 million business fine/penalty, which has to be paid personally rather than via a PAC. Gifts can be made to Trump to fund the fine (or for Trump to otherwise spend as he pleases), which are only reportable to the IRS if over $18k individual exclusion limit - and only become taxable for the donor if they exceed the $13.6 million lifetime exemption in total gifts.
I think the argument would be that exonerating Trump is in the interests of the campaign.If it's his bills, not the PAC's bills, then how exactly is the PAC paying for his bills not a gift? a taxable gift? If a church gives someone money, it's taxable, so what's the difference?
The cited Reuters article more or less explains it. The difference is that the FEC isn't going to go after Trump over his legal bills.If it's his bills, not the PAC's bills, then how exactly is the PAC paying for his bills not a gift? a taxable gift? If a church gives someone money, it's taxable, so what's the difference?
The way I'd think about it - the payments by the PAC are going directly to law firms, for whom the payment is taxable income. Trump doesn't ever directly receive the money so he doesn't report it as income (and Trump shouldn't then claim the legal fees as business expenses, but knowing Trump, he may be cooking the books with an illegal double-dip there claiming the expense which he doesn't pay).If it's his bills, not the PAC's bills, then how exactly is the PAC paying for his bills not a gift? a taxable gift? If a church gives someone money, it's taxable, so what's the difference?
The FEC's internal legal team recommended about 30 investigations into Trump for various violations. The Republican commissioners on the FEC refused to vote for a single one. Frankly we should just shut it down as it no longer serves a purpose, if it ever did.The way I'd think about it - the payments by the PAC are going directly to law firms, for whom the payment is taxable income. Trump doesn't ever directly receive the money so he doesn't report it as income (and Trump shouldn't then claim the legal fees as business expenses, but knowing Trump, he may be cooking the books with an illegal double-dip there claiming the expense which he doesn't pay).
And this is a very grey area that, per the article, a Trump spokesman said were made in "accordance with the law and upon the advice of counsel."
Even though the PAC is theoretically quite restricted in how it can use its funds, no one is enforcing or even reviewing those limits on Trump with a deadlocked FEC.
Ah there we are. I figured there was some shenanigans going on related to this. Now I know there is, just nobody's doing anything about it.The FEC's internal legal team recommended about 30 investigations into Trump for various violations. The Republican commissioners on the FEC refused to vote for a single one. Frankly we should just shut it down as it no longer serves a purpose, if it ever did.
First...I thought you couldn't escape court ordered fines/asset losses via bankruptcy.Both cases are the same - a bond prevents seizure of assets during appeal. If he can’t come up with one here then NYS can start selling off assets right now.
From my understanding the next step is probably Trump declaring bankruptcy if the judgment is not stayed.
You can’t. He would just be delaying things.First...I thought you couldn't escape court ordered fines/asset losses via bankruptcy.
If he wins on appeal (he won’t) then the state would owe him his money back plus interest. They can absolutely sell whatever they want.next...if the state starts seizing and selling off his assets...and he wins in appeal...how does he get his assets back? Seems more like, pending appeal, the state could only put liens on any asset.
1) Correct, Fines/penalties/asset forfeitures are generally not cleared away by bankruptcy - but bankruptcy could delay the process.First...I thought you couldn't escape court ordered fines/asset losses via bankruptcy.
next...if the state starts seizing and selling off his assets...and he wins in appeal...how does he get his assets back? Seems more like, pending appeal, the state could only put liens on any asset.
lol how do you fall for this shit over and over?We can't even convince immigrants to vote for Biden.. they want to vote for Trump.
lol how do you fall for this shit over and over?
Why are women voting for a rapist who brags about grabbing them by their p*ssies? We are irrational and tribal animal in many cases.I didn't but it explains why Texas is still red and we're having trouble turning Texas blue.
Would love to kick Cruz out this november though!
Women who fee worthless feel at home when abused. Love and Relationship used to be full of psychopaths who would recommending treating women as beneath their ken as advise on how to get laid. Also, owing to the commonality of fundamentalist Christians in the Republican party you will find many who were told that sex is the same as sin and are thus so sexually repressed their attraction to it is compulsive. "Grab my pussy please so I enjoy without initiating it."Why are women voting for a rapist who brags about grabbing them by their p*ssies? We are irrational and tribal animal in many cases.
Laugh all you want. I did a contract job in a hanger in Linden, New Jersey in the late 90s where his S-76 helicopter was parked with the nose wheel off and nlg literally chained because he hadn't paid his hanger rent.