Wow, so Donald Trump may have entered into an “Offer
in Compromise” with the Internal Revenue Service, following his election as the
45th in 2016! That was my take-away from the NBC Town Hall the other
night. 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 called an “Offer in Compromise” dismissal, based on the fact that as a
sitting U.S. President it was best for national interest and security. 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. 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 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 and with "power" stewball the horse before the carriage!
Saturday, October 17, 2020
Trump Releases TAX Settlement
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