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Trumps taxes need to be revealed since he may be investigated like Al Capone was.

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In 2007 the Tump’s Foundation, a tax-exempt 501(c)(3) (EIN 13-3404773, if the papers are in order), received a donation from WWE of $4 million. Another $1 million was donated by the WWE in 2009. Questions have been raised as to whether or not he counted this very money that he received for his promotional work for the WWE as income on his taxes. If he did then fine, but if he did not, then that is against the law. WWE is not supposed to get any benefits for their “donation”. If they did, Trump can list that money as income and pay taxes on it. Even if he had a yuuuuge business loss carry forward, it still must be listed as income.

There have already been questions raised about where some of the Foundation’s money went. The Citizens United got $100,000 per year from Trump’s 501(c)(3) to their tax-exempt 501(c)(4). Organizations described in section 501(c)(3) are prohibited from conducting political campaign activities to intervene in elections to public office. The Internal Revenue Service website elaborates on this prohibition. Alternatively a 501(c)(4) organizations may inform the public on controversial subjects and attempt to influence legislation relevant to its program and, unlike 501(c)(3) organizations, they may also participate in political campaigns and elections, as long as their primary activity is the promotion of social welfare and related to the organization’s purpose.

Since Trump’s 501(c)(3) donated the max amount $100,000 per year to a 501(c)(4), then did Trump list this in his taxes?

So in summary, I do not agree with Trump that his taxes are none of our business! If our POTUS goes to jail for tax evasion, we’ll end up with an evangelical laughing stock POTUS. What do you think about Trump opinion that it’s none of the people of America’s concern that he is or is not being audited when he likely being investigated for tax evasion?

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Posted by Dennis
Posted on 10/03/2016 10:38 PM
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Sorry I did not mean to hit the post button twice. Please delete one

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Posted by Dennis
Answered on 10/03/2016 10:40 PM
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    501(c)(4) donation’s aren’t tax deductible so they aren’t going to be listed on a tax return. And you’re perhaps conflating his personal tax situation with the Foundation’s. If 1995 is any indication, he carries (or carried) his real estate empire operating profits or losses on his personal tax return via pass-through entities. Foundations don’t work like that.

    Trump’s not being investigated for tax evasion. His tax return is a two feet tall stack. An audit would be routine each and every single year. Imagine the man power at the IRS dedicated just to the guy alone!

    It’s my impression that Trump won’t release his tax returns based on legal advice, unless Clinton first releases those 30,000 “personal” e-mails she illegally deleted. So stalemate.

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    Posted by MachineGhost
    Answered on 10/04/2016 12:00 AM
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      This CR site is not a place for arguments. But how can one release DELETED e-mails (actually text messages on her blackberry)? No tax issues here, so this is not relevant to MY question to CR.

      I’m not conflating the Trump Foundation’s 501(c)(3) (EIN 13-3404773), with his taxes (that could indeed be some sort of corporate tax return reported via a pass-through to a personal filing), the latter is quite difficult to audit. If millions and millions of dollars are involved, then the effort is clearly worth the effort. This yuuuuge audit is currently being carried out according to the Donald.

      Can a private 501(c)(3) funded by donations from him and others be used to funnel cash to a 501(c)(4) to be used for political purposes, namely for his lawyers at Citizens United? This information from Trump’s 501(c)(3) is in the public domain, his tax returns are not, and Citizens United is fighting tax releases of their 501(c)(4).

      The question was: “What do you think about Trump opinion that it’s none of the people of America’s concern that he is or is not being audited when he is likely being investigated for tax evasion?”

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      Posted by Dennis
      Answered on 10/04/2016 4:06 PM
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        This CR site is not a place for arguments. But how can one release DELETED e-mails (actually text messages on her blackberry)? No tax issues here, so this is not relevant to MY question to CR.

        I’m not conflating the Trump Foundation’s 501(c)(3) (EIN 13-3404773), with his taxes (that could indeed be some sort of corporate tax return reported via a pass-through to a personal filing), the latter is quite difficult to audit. If millions and millions of dollars are involved, then the effort is clearly worth the effort. This yuuuuge audit is currently being carried out according to the Donald.

        Can a private 501(c)(3) funded by donations from him and others be used to funnel cash to a 501(c)(4) to be used for political purposes, namely for his lawyers at Citizens United? This information from Trump’s 501(c)(3) is in the public domain, his tax returns are not, and Citizens United is fighting tax releases of their 501(c)(4).

        The question was: “What do you think about Trump opinion that it’s none of the people of America’s concern that he is or is not being audited when he is likely being investigated for tax evasion?”

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        Posted by Dennis
        Answered on 10/04/2016 4:06 PM
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          I have no idea why this double posting keeps happening. Sorry

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          Posted by Dennis
          Answered on 10/04/2016 4:11 PM
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            The “deleted” e-mails were on her personal server at her home and can be recovered as the FBI already did when snooping around. Besides, the NSA already has all copies of the “deleted” e-mails anyway.

            As for Trump not releasing his tax returns, he should do so even if there’s no legal requirement. It just looks bad otherwise. I personally would like to know exactly how much he has donated to charity.

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            Posted by MachineGhost
            Answered on 10/04/2016 4:22 PM
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              Machine, all those “deleted” e-mails were recovered from the server and produced. You haven’t been keeping up with the news. http://www.politico.com/magazine/story/2016/09/hillary-clinton-emails-2016-server-state-department-fbi-214307

              As for Trump’s donations to charity, the facts are in his 501(c)(3)’s tax forms. All the donations were from his 501(c)(3), but the moolah was from others. Click on “Tax Documents (form 990s)” and you can download them all. https://www.citizenaudit.org/organization/133404773/DONALD%20J%20TRUMP%20FOUNDATION%20INC/

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              Posted by Dennis
              Answered on 10/04/2016 5:18 PM
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                Clinton was investigated and the FBI and DOJ found no wrongdoing. She’s a tech idiot who did the same thing that past SoS had done with a private email server. She shouldn’t have done it. That’s been made clear. But it’s also been shown that she didn’t have some malicious intent. This was investigated thoroughly. Why is it still an issue?

                If Trump has done something illegal then I assume the IRS will sniff it out. He claims they’re auditing him and do so every year so if he’s getting away with something then he’s got some good accountants.

                Why must there be a conspiracy theory around everything these two candidates do? They are complex people with very complex lives. They make mistakes, but neither of them is a criminal as far as I can tell. Maybe not the sharpest knives in the drawer, but these conspiracy theories seem to be getting out of control this election cycle….

                The bottom line is, they’re both a little corrupted. Both seem to lie and cut corners to get things done. But this doesn’t make them criminals….It just means they’re not the most qualified candidates for the job they’re seeking….

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                Cullen Roche Posted by Cullen Roche
                Answered on 10/04/2016 5:32 PM
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                  Thank you very much, Cullen. You have a way of making sense in the face of very complex issues. The tax forms of the 501(c)(4) are here. Apparently, the taxable 501(c)(4) is not required to file a Schedule B “Schedule of Contributors”. Sorry for my cutting corners. https://www.citizenaudit.org/organization/911433368/citizens-united/

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                  Posted by Dennis
                  Answered on 10/04/2016 6:13 PM
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