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Discussion and Debate
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NY Tax Department Investigating Trump Tax Fraud
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<blockquote data-quote="Fantine" data-source="post: 73250064" data-attributes="member: 114159"><p>But part of the Trump Family Scam involved rent-controled apartments. A 'dummy' company with the Trump children as stockholders served as purchasing agent for Trump, Sr.'s businesses. So a boiler would blow--replacement cost $10K. The dummy company would buy one for $10K, and charge Trump, Sr's company $50K. Trump Sr's company would pay them $50K---and $40K would go to the children, free of gift taxes....</p><p></p><p>But that's only part of it. He would then tell the Rent Control Board, "I paid $50K for this boiler, so I need to raise rents by $100 a month to recoup the cost...." So not only was he not paying taxes, he was dishonestly raising the rents of working class New Yorkers who were probably busting their buns to afford the rents they were paying. So would the "disciples" call that "honest?"</p><p></p><p>It's just like how he's ripping off us taxpayers today with his expensive and excessively frequent trips to his country clubs, for which the Secret Service and other agencies are paying full price.</p></blockquote><p></p>
[QUOTE="Fantine, post: 73250064, member: 114159"] But part of the Trump Family Scam involved rent-controled apartments. A 'dummy' company with the Trump children as stockholders served as purchasing agent for Trump, Sr.'s businesses. So a boiler would blow--replacement cost $10K. The dummy company would buy one for $10K, and charge Trump, Sr's company $50K. Trump Sr's company would pay them $50K---and $40K would go to the children, free of gift taxes.... But that's only part of it. He would then tell the Rent Control Board, "I paid $50K for this boiler, so I need to raise rents by $100 a month to recoup the cost...." So not only was he not paying taxes, he was dishonestly raising the rents of working class New Yorkers who were probably busting their buns to afford the rents they were paying. So would the "disciples" call that "honest?" It's just like how he's ripping off us taxpayers today with his expensive and excessively frequent trips to his country clubs, for which the Secret Service and other agencies are paying full price. [/QUOTE]
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