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Post by what is hip ? on Sept 28, 2020 19:03:29 GMT -5
what a lady...
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Post by ZenMaster on Sept 28, 2020 20:07:15 GMT -5
Yeah, it all sounds on the up and up...
”Mr. Trump reduced his taxable income by treating a family member as a consultant, and then deducting the fee as a cost of doing business.”
“Ms. Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business."
A double dipping darling daughter and a daddy that writes it all off. Just another real estate company doing its thing, nothing to see here so let’s not even look, do I have that about right?
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Post by promontoryrider on Sept 28, 2020 20:32:02 GMT -5
Yeah, it all sounds on the up and up... ”Mr. Trump reduced his taxable income by treating a family member as a consultant, and then deducting the fee as a cost of doing business.” “Ms. Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii. "Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business." A double dipping darling daughter and a daddy that writes it all off. Just another real estate company doing its thing, nothing to see here so let’s not even look, do I have that about right? Burisma
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Post by ZenMaster on Sept 28, 2020 20:43:55 GMT -5
Meaningless standalone word without context. Go for it! Defend Trump by making it about someone else. That’s what he would do.
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Post by promontoryrider on Sept 29, 2020 4:47:50 GMT -5
The word speaks for itself....and Biden speaks for himself on video.....Quid Pro Joe Meaningless standalone word without context. Go for it! Defend Trump by making it about someone else. That’s what he would do.
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Post by wheelie on Sept 29, 2020 4:48:31 GMT -5
Yeah, it all sounds on the up and up... ”Mr. Trump reduced his taxable income by treating a family member as a consultant, and then deducting the fee as a cost of doing business.” “Ms. Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii. "Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business." A double dipping darling daughter and a daddy that writes it all off. Just another real estate company doing its thing, nothing to see here so let’s not even look, do I have that about right? Yes you are correct, not even worth a look. Most family owned RE companies do similar things, I know I consult for several. Nothing new or illegal and the NYT knows it. There is nothing in this story that is going to Change DJT’s bases minds. In fact they probably say that paying less taxes is a sign of a biggly smart guy.
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Post by ZenMaster on Sept 29, 2020 5:26:41 GMT -5
wheelie this is not you consulting for another company, this is you paying yourself to consult for your own company on a project that you also managing in your role at company and writing it off. The whole scheme could be done for the express purpose of creating the tax write off. That is not something most real estate companies or any others do. At least not ethical ones.
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Post by wheelie on Sept 29, 2020 5:49:20 GMT -5
wheelie this is not you consulting for another company, this is you paying yourself to consult for your own company on a project that you also managing in your role at company and writing it off. The whole scheme could be done for the express purpose of creating the tax write off. That is not something most real estate companies or any others do. At least not ethical ones. Bingo Exactly how many people I know do it, including me. I pay my wife to manage our office and I deduct it as a management fee expense. We do pay personal taxes on that income. I have to pay someone to do it, why not her?
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Post by wheelie on Sept 29, 2020 5:52:48 GMT -5
wheelie this is not you consulting for another company, this is you paying yourself to consult for your own company on a project that you also managing in your role at company and writing it off. The whole scheme could be done for the express purpose of creating the tax write off. That is not something most real estate companies or any others do. At least not ethical ones. Have you ever done/been involved with any RE developers? I am guessing not
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Post by ZenMaster on Sept 29, 2020 6:26:13 GMT -5
wheelie this is not you consulting for another company, this is you paying yourself to consult for your own company on a project that you also managing in your role at company and writing it off. The whole scheme could be done for the express purpose of creating the tax write off. That is not something most real estate companies or any others do. At least not ethical ones. Have you ever done/been involved with any RE developers? I am guessing not You’d be wrong, not that it matters.
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Post by ZenMaster on Sept 29, 2020 6:29:50 GMT -5
wheelie this is not you consulting for another company, this is you paying yourself to consult for your own company on a project that you also managing in your role at company and writing it off. The whole scheme could be done for the express purpose of creating the tax write off. That is not something most real estate companies or any others do. At least not ethical ones. Bingo Exactly how many people I know do it, including me. I pay my wife to manage our office and I deduct it as a management fee expense. We do pay personal taxes on that income. I have to pay someone to do it, why not her? Not the same. It would more akin to paying her as an employee to manage your office and on top of that paying her as consultant working for a separate consulting company to figure out how much paper she should buy for the copy machine. And then deducting the consulting fee.
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Post by MonkeyBrook on Sept 29, 2020 6:51:48 GMT -5
Zenny quit while you are way behind....
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Post by hawk on Sept 29, 2020 7:07:09 GMT -5
I think wheelie is right in that the tax laws permit those kinds of write offs. I think it would be an issue if people are being paid by government funds(tax payers money) then that is a conflict of interest and against the law. If the circumstances are that the people are paid from personnel income and then write that off, that is OK.
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Post by ZenMaster on Sept 29, 2020 7:20:10 GMT -5
I think wheelie is right in that the tax laws permit those kinds of write offs. I think it would be an issue if people are being paid by government funds(tax payers money) then that is a conflict of interest and against the law. If the circumstances are that the people are paid from personnel income and then write that off, that is OK. I know that, the write off isn’t a problem in and of itself, the double dipping is the issue here. And it doesn’t have to be illegal to be unethical. Apparently Trump claimed $26 million of consulting fee write-offs, which begs the question how much of that was paid to his kiddos who were serving as both managers of operations for daddy’s company as well as consultants to the projects that they were supposedly managing as well.
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Post by wheelie on Sept 29, 2020 7:43:52 GMT -5
Bingo Exactly how many people I know do it, including me. I pay my wife to manage our office and I deduct it as a management fee expense. We do pay personal taxes on that income. I have to pay someone to do it, why not her? Not the same. It would more akin to paying her as an employee to manage your office and on top of that paying her as consultant working for a separate consulting company to figure out how much paper she should buy for the copy machine. And then deducting the consulting fee. I guess I was wrong You might be good at this You sure seem to understand how it’s done
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