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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I wonder if the government already worked out a deal with trump.  Don’t take a paycheck, make a lot of money for our country and all will be forgiven.  I guess we will wait and see.[/quote]
The government has not worked out anything with Trump, because the dispute over his audit is still sitting in the offices of the joint tax committee. They have not adjudicated it.[/quote]

JTC plays no role in audit.

Portions of Trump's refunds are before the JTC.  That is because Title 26 (I don't remember the section) mandates that all refunds in excess of 10 million dollars be forwarded to the JTC.  The thinking in enacting this was not to "adjudicate" or "approve"anything.  It is so the JTC could figure out where they had miswritten the law.  Large refunds like those tend to suggest the laws aren't working as intended.[/quote]
Thank you for clarifying![/quote]

So scoot on over to local property taxes for 2020
Palm Beach County FL - several - Mar-a-lago Total  2020 Preliminary Taxes    	$516,131.39
Loudoun $113,605.25 [2019 was $233,406.22, high year was $271,228.74].  Why the decrease?  Selling land?

Some tax laws and social security and medicare do not work as intended.  REIT and LLC's haven't work as intended for decades - pre DTJ.  2008 crash?  Prior bundling and selling mortgages worked before no-docs and back when no mortgage without about 10% down.

How many years pre Trump were state sales taxes not collected by on line sellers?  Taxes- we look no further than our own local jurisdiction for inequity.  
And back to this.  Could REIT and LLc real estate promoters or partners have had huge gross income and low agi and received stimulus?  The answer is yes.  
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