@canton-dawg said:

I’ll help you out on this one.

There was no gift involved, Trump would’ve payed out the ass in gift taxes.

He could’ve paid her a wage as a an employee, but then the business would be on the hook for payroll taxes.

Most likely scenario, he paid her as a contractor and gave her a 1099 for her services.

That way his daughter will have to deal with the taxman.

Now that is an honest reply. Maybe Hoorta could learn from it.

nah. liberal lackeys worship their own feelings and nothing else.

@hoorta said:

Not saying he couldn't do it.... How to essentially give your daughter $750k without having to pay gift tax on it... The "consultant" part of it was bullshit. From the Vox article, looks like she didn't pay income tax on it either.  Pretty nifty if you can get away with it.... 

That's why folks with $100s of millions in assets hire high priced tax accountants to make sure they're living on the edge of what's legal.  As a Dentist I talked to years ago told me in dealing with the IRS- just make sure you claim all your income- we can quibble about the deductions later. At worst the IRS will disallow them.

I’ll help you out on this one.

There was no gift involved, Trump would’ve payed out the ass in gift taxes.

He could’ve paid her a wage as a an employee, but then the business would be on the hook for payroll taxes.

Most likely scenario, he paid her as a contractor and gave her a 1099 for her services.

That way his daughter will have to deal with the taxman.

@hoorta said:

Really?   The IRS allows every taxpayer to gift up to $15,000 to an individual recipient in one year. There is no limit to the number of recipients you can give a gift to. There is also a lifetime exemption of $11.58 million. My math says $750k is a tad more than $15,000.  Daughter was doing jack shit as a "consultant".   Put one of her dogs on the corporate payroll. Bowser Trump needs at least a $50,000 dog house.  

that's a hiring salary, not a gift.

btw, want to finally man up and talk about biden arranging, in person, to get his son hunter sleazy biden 1.5 million from a russian mayor's wife?

how about 1.5 billion from the communist chinese?

you know, the communist chinese that let the covid go all over the world? lied about it?

nah, didn't think so.

@axe said:

Quit embarrassing yourself trying to save face Hoorta.. ?

Really?   The IRS allows every taxpayer to gift up to $15,000 to an individual recipient in one year. There is no limit to the number of recipients you can give a gift to. There is also a lifetime exemption of $11.58 million. My math says $750k is a tad more than $15,000.  Daughter was doing jack shit as a "consultant".   Put one of her dogs on the corporate payroll. Bowser Trump needs at least a $50,000 dog house.  

@canton-dawg said:

I have a business degree with a minor in tax accounting, I also owned a successful tax business for 15 years (2 sisters are CPA’s).

I caught a whiff of bullshit when I read this. . .

OTOH, plenty of shady stuff- like paying daughter Ivanka $750k as a "consultant" and writing it off as a business expense.

Not saying he couldn't do it.... How to essentially give your daughter $750k without having to pay gift tax on it... The "consultant" part of it was bullshit. From the Vox article, looks like she didn't pay income tax on it either.  Pretty nifty if you can get away with it.... 

That's why folks with $100s of millions in assets hire high priced tax accountants to make sure they're living on the edge of what's legal.  As a Dentist I talked to years ago told me in dealing with the IRS- just make sure you claim all your income- we can quibble about the deductions later. At worst the IRS will disallow them.

@axe said:

Gotcha, so you don't know shit about corporate tax prep. Thanks for clearing that up ?

you betcha, and that goes for his little woodpecker, too.

@westside-steve said:

 and I don't know enough about medicine to boast about nor do I claim to. My friend my trombone player also my personal physician until he had to close his practice and go to work for a bigger entity it's where I get my information. If you or tex or the woodpecker) Biden would have shut down the countrycountry or if anybody would have put up with it or if you think the country would have stood for it if Trump closed it down in February you're out of your mind. One reason you. Democrats don't care it's because you were wasting your time chasing some sort of Russian collusion Fairytale. It's every bit as ridiculous as blaming the Great and Powerful Obammy. 

WSS

@axe said:

Gotcha, so you don't know shit about corporate tax prep. Thanks for clearing that up ?

I have a business degree with a minor in tax accounting, I also owned a successful tax business for 15 years (2 sisters are CPA’s).

I caught a whiff of bullshit when I read this. . .

OTOH, plenty of shady stuff- like paying daughter Ivanka $750k as a "consultant" and writing it off as a business expense.

@hoorta said:

Mostly comfortably retired now... Plenty of time to get on my bicycle and ride off into the sunset.     In my 40 working years, Medical Technologist. 

Gotcha, so you don't know shit about corporate tax prep. Thanks for clearing that up ?

@hoorta said:

Steve- I blame Trump for listening to a bunch of quacks instead of following sound medical advice. Remember Dr. Devil Sperm? He turned something as simple as wearing a face covering in public into a political football. Hydroxychloroquine anyone?  Look, I consider three Doctors (including my best friend who's a retired Neurologist) as personal friends. I know all of them well enough to say with 100% certainty- if any of them had even a shred of confidence hydroxy was the least bit effective they be self medicating with it, and giving it out to friends, family, and their patients like Halloween candy.  Or are you missing Trump has been putting political pressure on the CDC and FDA? Let's not forget the Woodward tapes too, Trump knew it was dangerous- way back. His defense? Blame China. 

 it came from China. Somebody fucked up. I doubt that it was meant to be a weapon but still somebody fucked up. It happens.

Regarding that vaccine Steve. I know enough about virology and molecular biology to give you my 0.02 cents about it. It will depend on what part of the virus is mutating. If you can target the part of the virus that isn't mutating with an immune antibody that a vaccine has produced- the virus is going to be just as dead. We already know the composition of the spike protein that allows the virus to get inside a cell.  That's the key to virology. You could have a million covid viruses floating around in your blood stream- and they're harmless. They need to get inside one of your cells to hijack that cells DNA\RNA to replicate themselves. Once they're replicated- the cell blows up. Blow up 1\2 of your lung cells, you're probably dead. So unless it's the spike protein that's mutating- there's hope we can at least find an effective treatment...   

 and I don't know enough about medicine to boast about nor do I claim to. My friend my trombone player also my personal physician until he had to close his practice and go to work for a bigger entity it's where I get my information. If you or tex or the woodpecker) Biden would have shut down the countrycountry or if anybody would have put up with it or if you think the country would have stood for it if Trump closed it down in February you're out of your mind. One reason you. Democrats don't care it's because you were wasting your time chasing some sort of Russian collusion Fairytale. It's every bit as ridiculous as blaming the Great and Powerful Obammy. 

WSS

@westside-steve said:

Just for the record the vaccine isn't coming anytime soon if at all. Especially if the rumors are true that the virus is mutating as it goes along. There's a reason there is no vaccination for the common cold. And to a lesser extent the reason that last year's flu shot might not work this year. But the vaccine is going to be a big deal for people to argue about it because it's probably not possible and they can blame Trump.

By the way the first guy to be cured of AIDS just died of cancer. Damn you Trump.

wss

Steve- I blame Trump for listening to a bunch of quacks instead of following sound medical advice. Remember Dr. Devil Sperm? He turned something as simple as wearing a face covering in public into a political football. Hydroxychloroquine anyone?  Look, I consider three Doctors (including my best friend who's a retired Neurologist) as personal friends. I know all of them well enough to say with 100% certainty- if any of them had even a shred of confidence hydroxy was the least bit effective they be self medicating with it, and giving it out to friends, family, and their patients like Halloween candy.  Or are you missing Trump has been putting political pressure on the CDC and FDA? Let's not forget the Woodward tapes too, Trump knew it was dangerous- way back. His defense? Blame China. 

Regarding that vaccine Steve. I know enough about virology and molecular biology to give you my 0.02 cents about it. It will depend on what part of the virus is mutating. If you can target the part of the virus that isn't mutating with an immune antibody that a vaccine has produced- the virus is going to be just as dead. We already know the composition of the spike protein that allows the virus to get inside a cell.  That's the key to virology. You could have a million covid viruses floating around in your blood stream- and they're harmless. They need to get inside one of your cells to hijack that cells DNA\RNA to replicate themselves. Once they're replicated- the cell blows up. Blow up 1\2 of your lung cells, you're probably dead. So unless it's the spike protein that's mutating- there's hope we can at least find an effective treatment...   

@hoorta said:

Go pound salt. Have you hugged your Trump poster today?  

Don't need to I have a

@vambo said:

Maybe some Midol will soothe our aching cramps of TDS.

Go pound salt. Have you hugged your Trump poster today?  

@hoorta said:

Mostly comfortably retired now... Plenty of time to get on my bicycle and ride off into the sunset.     In my 40 working years, Medical Technologist.  The guys who actually do covid lab testing.  So I feel more qualified than most to comment on Quack President Hydroxy-Lysol's handling of the pandemic. Of course he's now listening to Dr. Atlas, who's specialty happens to be Medical Imaging, not Epidemiology like Fauci. He's pushing herd immunity. Just what Donnie boy wants to hear- and you heard it in that joke of a debate. Open the schools!!! Open the economy!!!  Yup, I Donald Trump- don't give a rat anymore how many Americans die- or if YOU die from covid.  Here's your new target Donnie boy, and I wouldn't bet against we won't hit it 419,000- the number of American casualties in WW II (that was in four years, we're 1\2 way there in 6 months) well on our way....   NFL just had their first outbreak. Can't say I'm surprised... 

Of course Trumpie wants his miracle vaccine before November 3rd to save his bacon before the election. Fortunately- looks like the drug companies, CDC, and FDA are giving him the big F-you. You'll get that vaccine when we say it's ready, been tested as effective, and safe- and not before.....  

Maybe some Midol will soothe our aching cramps of TDS.

@hoorta said:

Mostly comfortably retired now... Plenty of time to get on my bicycle and ride off into the sunset.     In my 40 working years, Medical Technologist.  The guys who actually do covid lab testing.  So I feel more qualified than most to comment on Quack President Hydroxy-Lysol's handling of the pandemic. Of course he's now listening to Dr. Atlas, who's specialty happens to be Medical Imaging, not Epidemiology like Fauci. He's pushing herd immunity. Just what Donnie boy wants to hear- and you heard it in that joke of a debate. Open the schools!!! Open the economy!!!  Yup, I Donald Trump- don't give a rat anymore how many Americans die- or if YOU die from covid.  Here's your new target Donnie boy, and I wouldn't bet against we won't hit it 419,000- the number of American casualties in WW II (that was in four years, we're 1\2 way there in 6 months) well on our way....   NFL just had their first outbreak. Can't say I'm surprised... 

Of course Trumpie wants his miracle vaccine before November 3rd to save his bacon before the election. Fortunately- looks like the drug companies, CDC, and FDA are giving him the big F-you. You'll get that vaccine when we say it's ready, been tested as effective, and safe- and not before.....  

Just for the record the vaccine isn't coming anytime soon if at all. Especially if the rumors are true that the virus is mutating as it goes along. There's a reason there is no vaccination for the common cold. And to a lesser extent the reason that last year's flu shot might not work this year. But the vaccine is going to be a big deal for people to argue about it because it's probably not possible and they can blame Trump.

By the way the first guy to be cured of AIDS just died of cancer. Damn you Trump.

wss

Pres Trump has inspired a historical first - fast effective pace development of testing and a near future vaccine.

https://nypost.com/2020/09/30/becton-dickinsons-15-minute-covid-test-cleared-for-use-in-europe/

Becton Dickinson’s 15-minute COVID-19 test cleared for use in E

urope

@axe said:

Hoorta, what do you do for a living?

Mostly comfortably retired now... Plenty of time to get on my bicycle and ride off into the sunset.     In my 40 working years, Medical Technologist.  The guys who actually do covid lab testing.  So I feel more qualified than most to comment on Quack President Hydroxy-Lysol's handling of the pandemic. Of course he's now listening to Dr. Atlas, who's specialty happens to be Medical Imaging, not Epidemiology like Fauci. He's pushing herd immunity. Just what Donnie boy wants to hear- and you heard it in that joke of a debate. Open the schools!!! Open the economy!!!  Yup, I Donald Trump- don't give a rat anymore how many Americans die- or if YOU die from covid.  Here's your new target Donnie boy, and I wouldn't bet against we won't hit it 419,000- the number of American casualties in WW II (that was in four years, we're 1\2 way there in 6 months) well on our way....   NFL just had their first outbreak. Can't say I'm surprised... 

Of course Trumpie wants his miracle vaccine before November 3rd to save his bacon before the election. Fortunately- looks like the drug companies, CDC, and FDA are giving him the big F-you. You'll get that vaccine when we say it's ready, been tested as effective, and safe- and not before.....  

@texasag1969 said:

Projection is a wonderful defense mechanism. Works for trumpy and all his little mouthpieces.?

And thanks a lot. You made me feel left out.?

that's because I gave you cred - you, Steve, Axe, Me, most everybody else have serious experiences in our lives to know a good bit about a lot.

Then there are the few "superior" others around here who demand compliance with their pseudo-intellectual demands and slurs.

@calfoxwc said:

Hoorta, Tour and woodpecker are experts on every single subject on the planet.

Projection is a wonderful defense mechanism. Works for trumpy and all his little mouthpieces.?

And thanks a lot. You made me feel left out.?

@axe said:

Hoorta, what do you do for a living?

Hoorta, Tour and woodpecker are experts on every single subject on the planet. They think. What they do for a living is just their alleged specialty. Like Tour - I think he's the equipment manager for a high school volleyball team, so he's an expert in sports.

@hoorta said:

Steve, I (mostly) won't fault Orangie for taking advantage of the tax code.  Isn't exactly rocket science- Trump was obviously losing so much money left and right on bad business ventures like his Casinos & Trump Kamikaze Air, he was able to write those losses off against income.  

as everyone involved in a huge business has done throughout their career. Failure after failure after failure as long as it ends up with success on balance. Not the least of which your new friend Bill Gates. But he's a liberal so who cares?

Maybe he did pay "millions" in income taxes- to other countries- his golf course in Scotland comes to mind. IIRC you can also deduct those payments against your US tax liability. 

 again I don't care the slightest bit about the golf courses in Scotland and I don't care that he took every possible deduction within the law. I certainly do.

OTOH, plenty of shady stuff- like paying daughter Ivanka $750k as a "consultant" and writing it off as a business expense. It still begs the question Steve. If Trump has nothing to hide, why has he fought the release of his tax returns all the way to the Supreme Court?

 your new party brags about people's constitutional right to protest Riot burn destroy Etc but when I come to someone else's right the privacy., well the right to privacy of common citizens not the president,.. Am I clear yet? Had one more time commercial real estate development it's completely differently taxed  thing. Remember that when your new party screams about how much sales tax at cetera illegal immigrants pay even though they don't pay actual Federal working under the table. Commercial real estate operations generate huge massive tax from other places.

DUH!!! He's got something to hide- and it will see the light of day, sooner or later.  

that means that the IRS has been covering up for him his entire life. That's bullshit and you know it.

Furthermore there's not one single Republican who you say you would nominate a more liberal Supreme Court Justice or one any more qualified. Or support a Joe Biden type hug tax code. And I doubt you would be angry about any of them, or so you say.