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Trump’s Reported $700 Million Loss Key to Proving Tax Fraud: Tax Expert

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In a podcast interview with Mother Jones, tax guru Steven Rosenthal of the Urban-Brookings Tax Policy Center suggested that there is little in the recently released Donald Trump tax returns that he see as fraught with criminality, but that their release is now inviting scrutiny of a $700 million loss the former president reported in 2009.

Speaking with former Department of Justice official Harry Litman, Rosenthal suggested the only reason that the former president has been allowed to get away with sketchy deductions for decades is that he has overwhelmed the IRS which, curiously, has not pursued him vigorously.

On that point, he noted that one agent was tasked with looking into Trump’s taxes while he was in office.

“They only assigned one agent to one of Trump’s presidential returns—his first—in the third year of Trump’s presidency. And they only got to the other presidential returns after Trump left office. That one agent in effect outsourced the audit of a lot of income and deductions to Trump’s tax lawyers and accountants that prepared the return,” he told Litman before later adding, “I think the agent was so overwhelmed, they just said let’s trust Trump’s preparers to get these numbers right.”

After pointing out that Trump’s attorneys were advising him to make sure his taxes were “squeaky-clean” after he was elected, Rosenthal said going back and looking at that 2009 tax return could be where Trump has problems that would lead to fines and having to pay massive back taxes.

“If you go back to those big losses in the 1990s, the statute of limitations ran out. It looks as if the IRS just never adjusted any taxes for the positions Trump took,” he explained. “But the big $700 million loss claimed in 2009—Trump was under audit for that year at the time he entered office in 2017. And that audit remains open. Looking at the presidential years, the agent seemed to be slow in part because they hadn’t resolved the earlier cycle.”

He continued, “I think the peril to Trump is the very concerns that he expressed: Now that everyone knows there’s a $700 million adjustment potential out there and the whole world is looking at it, and people are writing articles, that could inform the audit.”

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Pete Buttigieg Nails Trump for His Ugly Comments About Wounded Vets

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During his Sunday morning appearance on CNN’s “State of the Union,” Transportation Secretary Pete Buttigieg called out Donald Trump over reports he told military leaders he didn’t want wounded vets to be seen by the public while he was president.

In a recent Atlantic profile of General Mark Milley, the retiring military office recounted the former president telling him “no one wants to see” wounded soldiers, with Milley adding he found Trump’s attitude to those serving their country “superficial, callous, and, at the deepest human level, repugnant.”

Buttigieg, who served in Afghanistan during his 8 years while in the Naval Reserve, was asked by CNN host Dana Bash about the former president’s apparent distaste for service members.

“I want to ask you about a new Atlantic profile that says that then President Trump complained to Chairman of the Joint Chiefs of Staff Mark Milley after an Army veteran who lost a leg in combat sang at an event at the Pentagon,” Bash prompted her guest. “Trump reportedly told Milley, ‘Why do you bring people like that here, no one wants to see that, the wounded.'”

“After that article came out, Trump attacked Milley on social media, kind of a rambling post, but suggested that milley deserved the death penalty. You’re a veteran– what’s your response?” she asked.

“It’s just the latest in a pattern of outrageous attacks on the people who keep the country safe,” the Biden administration official replied.

POLL: Should Trump be allowed to run for office?

After pointing to fellow vets who suffered horrific injuries, he added, “These are the kind of people that deserve respect and a hell of a lot more than that from every American, and definitely from every American president.”

“And the idea that an American president, the person to whom service members look at as a commander in chief, and the person who sets the tone for this entire country could think that way or act that way or talk that way about anyone in uniform, and certainly about those who put their bodies on the line and sacrificed in ways that most Americans will never understand, and I guess wounded veterans make president Trump feel uncomfortable.”

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‘Scared to Death’: Trump’s Prison Panic Admission Means He Knows He’s Doomed Says Legal Expert

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Reacting to a report that Donald Trump has been quizzing his attorneys about what type of prison he likely will be sent to, former federal prosecutor Glenn Kirschner stated that is not only an indication that he knows he’s going to be convicted but also an admission of guilt.

Speaking with MSNBC host Jonathan Capehart, the attorney was asked about a recent Rolling Stone report about Trump’s prison panic.

As Rolling Stone reported, Trump asked if he’s “be sent to a ‘club fed’ style prison — a place that’s relatively comfortable, as far these things go — or a ‘bad’ prison? Would he serve out a sentence in a plush home confinement? Would government officials try to strip him of his lifetime Secret Service protections? What would they make him wear, if his enemies actually did ever get him in a cell — an unprecedented set of consequences for a former leader of the free world.”

POLL: Should Trump be allowed to run for office?

According to the attorney, Trump is revealing himself by asking for so many details.

“What does this tell you about Trump’s mindset?” host Capehart asked.

“It tells me he is scared to death” Kirschner quickly answered. “It tells me he has overwhelming consciousness of guilt because he knows what he did wrong and he knows he is about to be held accountable for his crimes. So it is not surprising that he is obsessing.”

“If he was confident that he would be completely exonerated, would he have to obsess about what his future time in prison might look like?” he suggested. “I think the last refuge for Donald Trump can be seen in a recent post where he urged the Republicans to defund essentially the prosecutions against him. which, to this prosecutor, Jonathan, smells a lot like an attempt to obstruct justice.”

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‘Vulgar and Lewd’: Trump Judge Cites Extremist Group to Allow Drag Show Ban

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A federal judge in Texas known for a ruling that attempted to ban a widely-used abortion drug is citing an extremist anti-LGBTQ group in his ruling allowing a ban on drag shows to stay in place.

U.S. District Judge Matthew Kacsmaryk, a former attorney for an anti-LGBTQ conservative Christian legal organization, and a member of the Federalist Society, in his 26-page ruling dated Thursday cited the “About” page of Gays Against Groomers to claim, “it’s unclear how drag shows unmistakably communicate advocacy for LGBT rights.”

Judge Kacsmaryk, appointed by Donald Trump twice before finally assuming office in 2019, suggests the First Amendment does not provide for freedom of expression for drag shows, calls drag “sexualized conduct,” and says it is “more regulable” because “children are in the audience.”

READ MORE: ‘The Public Deserves to Know’: Abortion Pill Banning Judge Redacted Details About Millions of Dollars in His Stock Portfolio

Slate’s Mark Joseph Stern adds, “Kacsmaryk’s conclusion that drag is probably NOT protected by the First Amendment conflicts with decisions from Texas, Florida, Tennessee, and Montana which held that drag is constitutionally protected expression. It also bristles with undisguised hostility toward LGBTQ people.”

Calling the judge “a proud Christian nationalist who flatly refuses to apply binding Supreme Court precedent when it conflicts with his extremist far-right beliefs,” Stern at Slate writes that Kacsmaryk ruled drag “may be outlawed to protect ‘the sexual exploitation and abuse of children.’ In short, he concluded that drag fails to convey a message, while explaining all the reasons why he’s offended by the message it conveys.”

Stern does not let Kacsmaryk off the hook there.

“From almost any other judge, the ruling in Spectrum WT v. Wendler would be a shocking rejection of basic free speech principles; from Kacsmaryk, it’s par for the course. This is, after all, the judge who sought to ban medication abortion nationwide, restricted minors’ access to birth control, seize control over border policy to exclude asylum-seekers, and flouted recent precedent protecting LGBTQ+ equality,” Stern says.

READ MORE: Far-Right Judge Under Fire for Failing to Disclose Interviews on Civil Rights – but LGBTQ Community Had Warned Senators

“He is also poised to bankrupt Planned Parenthood by compelling them to pay a $1.8 billion penalty on truly ludicrous grounds. And he is not the only Trump-appointed judge substituting his reactionary beliefs for legal analysis. We have reached a point where these lawless decisions are not only predictable but inevitable, and they show no sign of stopping: Their authors are still just settling into a decadeslong service in the federal judiciary.”

West Texas A&M University President Walter V. Wendler penned the letter that sparked the lawsuit.

Titled, “A Harmless Drag Show? No Such Thing,” Wendler wrote: “I believe every human being is created in the image of God and, therefore, a person of dignity. Being created in God’s image is the basis of Natural Law. James Madison and Thomas Jefferson, prisoners of the culture of their time as are we, declared the Creator’s origin as the foundational fiber in the fabric of our nation as they breathed life into it. Does a drag show preserve a single thread of human dignity? I think not.”

Journalist Chris Geidner concludes, “It’s an extremely biased ruling by a judge who has established that he does not care about being overturned — even by the most conservative appeals court in the nation.”

READ MORE: ‘Corruption of the Highest Order’: Experts ‘Sickened’ at ‘Definitely Bought’ Clarence Thomas and His ‘Pay to Play’ Lifestyle

 

 

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