Ga96 Posted October 3, 2020 Report Share Posted October 3, 2020 https://www.theguardian.com/us-news/2020/oct/02/ivanka-trump-donald-trump-tax-affairs Her dad/boyfriend taught her well. Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted October 3, 2020 Report Share Posted October 3, 2020 6 hours ago, Ga96 said: https://www.theguardian.com/us-news/2020/oct/02/ivanka-trump-donald-trump-tax-affairs Her dad/boyfriend taught her well. It's not theft of $750,000. The implications are that the money was shielded from a 15.3% FICA tax. From a legal perspective, under the circumstances, her employer (Dad) would be the one held primarily responsible for that tax. Her only risk here is if her company did not report the money on its corporate tax return when it was filed with the IRS. Then she could be in trouble for the $750k multiplied by the corporation's tax rate plus penalties and interest. 1 1 Quote Link to comment Share on other sites More sharing options...
concha Posted October 3, 2020 Report Share Posted October 3, 2020 The cops should obviously "Hunter" down, then. 🤣 I'm here till Thursday. Try the veal You fucking muppet. 2 Quote Link to comment Share on other sites More sharing options...
RedZone Posted October 3, 2020 Report Share Posted October 3, 2020 Pretty sure the trump Covid-19 sheep will be here soon to talk about Joe Biden or some other bullshit. 1 1 Quote Link to comment Share on other sites More sharing options...
noonereal Posted October 3, 2020 Report Share Posted October 3, 2020 1 hour ago, DarterBlue said: It's not theft of $750,000. The implications are that the money was shielded from a 15.3% FICA tax. From a legal perspective, under the circumstances, her employer (Dad) would be the one held primarily responsible for that tax. Her only risk here is if her company did not report the money on its corporate tax return when it was filed with the IRS. Then she could be in trouble for the $750k multiplied by the corporation's tax rate plus penalties and interest. 15.3% Fica? The tax on that is not 15.3%.... the FICA cut off $132,900. It's just not enough money to get in trouble over. Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted October 3, 2020 Report Share Posted October 3, 2020 6 minutes ago, noonereal said: 15.3% Fica? The tax on that is not 15.3%.... the FICA cut off $132,900. It's just not enough money to get in trouble over. You are partially correct. The Social Security piece cuts off at $132,900. However, the Medicare piece has no cutoff. Of course, this depends on whether the payments were made in their entirety in just one calendar year. If they were split between two years, then it would be approximately twice the amount you stated. Why, then, would Trump do this kind of moronic shit for such paltry savings? One possible answer is that since the payments were made to her corporation that has at least two shareholders, Trump would be under no obligation to send it a 1099. Therefore, it is entirely possible that her corporation never reported this income on its Federal Tax return. The only way the IRS would ever possibly get wind of this is if the Corporation's return was audited. But IRS audits are way down due to cuts in its budget. So that is a perfect way for Trump to get the consulting fees deduction on his end, while she does not report, and, therefore, does not pay any Federal Taxes on her end. 1 1 Quote Link to comment Share on other sites More sharing options...
Mag44 Posted October 3, 2020 Report Share Posted October 3, 2020 1 hour ago, RedZone said: Pretty sure the trump Covid-19 sheep will be here soon to talk about Joe Biden or some other bullshit. No, you bloviate enough BULLSHIT for all of us......Your benign rhetoric far exceeds that of Professor Irwin Cory........🙀 1 Quote Link to comment Share on other sites More sharing options...
noonereal Posted October 3, 2020 Report Share Posted October 3, 2020 46 minutes ago, DarterBlue said: You are partially correct. The Social Security piece cuts off at $132,900. However, the Medicare piece has no cutoff. Yes, I know. 😉 I enjoyed this regressive tax system for years when I was making money. 1 Quote Link to comment Share on other sites More sharing options...
concha Posted October 3, 2020 Report Share Posted October 3, 2020 9 minutes ago, noonereal said: Yes, I know. 😉 I enjoyed this regressive tax system for years when I was making money. Our overall tax system is highly PROGRESSIVE. Quote Link to comment Share on other sites More sharing options...
RedZone Posted October 3, 2020 Report Share Posted October 3, 2020 1 hour ago, Mag44 said: No, you bloviate enough BULLSHIT for all of us......Your benign rhetoric far exceeds that of Professor Irwin Cory........🙀 Wear a mask. Quote Link to comment Share on other sites More sharing options...
Ga96 Posted October 3, 2020 Author Report Share Posted October 3, 2020 4 hours ago, DarterBlue said: It's not theft of $750,000. The implications are that the money was shielded from a 15.3% FICA tax. From a legal perspective, under the circumstances, her employer (Dad) would be the one held primarily responsible for that tax. Her only risk here is if her company did not report the money on its corporate tax return when it was filed with the IRS. Then she could be in trouble for the $750k multiplied by the corporation's tax rate plus penalties and interest. Ill be honest I didn't read it just knew it was some more trumps shady bs. Quote Link to comment Share on other sites More sharing options...
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