Reply to The BIG ONE: 20 years of Trump taxes obtained by NYTs

Forum Index » Political Discussion

Reply to "The BIG ONE: 20 years of Trump taxes obtained by NYTs"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote]Calling your corporate officer/employee a “consultant“ and deducting the expenses of paying her is fraud[/quote]

Not necessarily.  An employee can be a consultant doing a different job.  An employee whose job is to empty the trash cans can also be a contractor who paints the walls.  Two different functions.  But the "consultant" pay rate needs to be in line with market value for the service.  You can't pay someone $750k to paint an office and deduct that.  Since his daughter seems to have very few marketable skills, and is unlikely to have any that are worth as much as claimed, this is certainly a suspect deduction, but, as noted above, we would need more information to verify that.

[quote]Calling your personal residence an “investment property“ and deducting property taxes and other expenses is fraud[/quote]

Again, more information is needed.  This one is the hardest claim listed to justify, though.

[quote]Calling personal expenses like hair care and clothing “business expenses” and deducting them is fraud [/quote]

Not entirely true.  Actors and models can deduct certain similar expenses like this when they are essential to the job.  It is a harder case to justify here, partly due to the cost and partly due to the fact that he wasn't an actor.  He did appear on television regularly, though.  So, again, more information is needed.  This isn't a clear-cut case of fraud.

To be clear:  everything listed is questionable, but the NYT article just raises the questions.  It proves nothing, even if it is based on correct information.  Many of us suspected far worse.[/quote]

I have been in the industry, and I had this stuff written into my contract (studio paid for hair and makeup) when I was doing publicity. I don't know how it works now with social media. Maybe it is easier for these social media influencers to justify hair and makeup deductions, but just because you are famous and in the media does not mean that you can deduct all of your grooming expenses.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics