Wow, so Donald Trump may have entered into an OIC “Offer
in Compromise” with the Internal Revenue Service, following his election as the
45th in 2016! That program is meant for a small fraction of the taxpayer
base - those in debt to Uncle Sam’s Treasury and due circumstances(lame
excuses) are unable to pay up before the 10-year statute of limitations
expires, thus limiting the jurisprudence of the collection police. Yes, time
and money for expensive tax attorneys can get that tax burden erased for good. But
don’t hold your breath, as less then 1% of hard-working wage-earning people get
to play this OIC game. The fact that a Trump vs. Taxman OIC may be in place,
well that was my take-away from the NBC Town Hall the other night wherein he
admitted to paying his estimated tax on income, according to his accountants “Divide
by Zero” calculations. And if indeed he is “broke”, well the way the IRS works
in slow motion the other creditors will be first in-line to get blood out of the
“Tower” turnip. So after years and years of unsettled “give and take” with the Revenue
Police, Trump’s tax difficulties were circumvented by the IRS accepting a plea
bargain flea bargain “Offer in Compromise” in dismissal, based on the fact that
as a sitting U.S. President it was best for national interest and security. That
position gave him that opportunity, maybe the only reason he ran for the
Commander-in-Chief, I meant “Thief”! The offer came about during the 2015 campaign,
that if Trump won the election he would abide by the offer. The IRS did not
entertain he would win, he did so the offer was solidified. In the offer, Trump
offered to forgo his Presidential salary as income, wherein the offer to erase
years and years of fraudulent tax returns found the concept of a “Goodwill”
acceptance to find closure a long drawn-out battle royale, by Donald offering
up his salary as collateral in a donation solution scheme…OK, sham, shame, scam.
Since the election, Trump has provided quarterly transfer of income through
personalized checks in the amount of $100000 to varying government entities,
like the National Park Service, HHS, Department of Education, Veterans Administration,
Small Business Administration…the list goes on. This “transfer” due the fact he
still gets a paycheck, courtesy of Uncle Sam. The “Transfer” fulfills the IRS “Offer”.
Anybody who has delt with the IRS and been offered such a compromise as a last
ditch effort before the cuffs, it means the IRS won and offers up a fine, that
amounts to pennies-on-the-dollar so it can close the books and move on to greener
pastures. The “Offer” allows the IRS to claim victory, in pittance collection
pity. The only thing, you cannot get yourself in tax trouble again! Else, well
the cuffs then become a reality. So the Fucking Moron is in the clear. Now with
$400000 being sent yearly for the last 4-years as charity to Uncle Sam, it
amounts to paying back the Treasury a humongous delinquency in theory. Now as
an “Offer In Compromise” based on how that IRS program works, it means that Mr.
Trump and his Tower may have been behind in taxes…drum roll please, in excess
of $148-Million! But what we don’t know? How many years of his taxes were under
surveillance, how many years in question were thrown-out due the “Offer” as
this program is more of an effort to load off problematic taxpayers - in hopes
there is a lesson’s learned. So at least it allows some semblance how the
wealthy can well…screw US all! Vote for a Tax Cheat?
Sunday, October 18, 2020
Donald Trump’s Tax Sham(e)
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