Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system
https://apnews.com/article/trump-justice-department-irs-tax-audits-7ba4781b9b9bef99873151df6bfc33ab
https://apnews.com/article/trump-justice-department-irs-tax-audits-7ba4781b9b9bef99873151df6bfc33ab
56 Comments
SGGeorwell@lemmy.world · 102 pts · 75d
Ok - no one has trust in the tax system, my guy. We know it’s mangled beyond recognition.
Juan_de_Silentio@lemmy.world · 78 pts · 75d
FenrirIII@lemmy.world · 25 pts · 75d
Time to burn this fucker down
iamthetot@piefed.ca · 4 pts · 74d
LemmyFeed@lemmy.dbzer0.com · 8 pts · 74d
Any tips for the middle class that can help reduce the size of the dick fucking us?
btsax@reddthat.com · 5 pts · 74d
Any hobby you have where you someone could reasonably assume you could make money at it can be claimed to be a business and used to deduct expenses from your taxes. Since the Trump tax cut of 2017 you don't even need to create a legal structure for that business anymore. You just literally fill out schedule C as a sole proprietor.
"Middle class" landlords do this all the time, since they get rent as income they can deduct all their expenses at Lowes et. al., if you keep a garden in the summer and ever sell your produce, even if it's just one tomato, you can deduct gardening expenses, if you own a boat and take people out on charter you can deduct your boat expenses, etc. (Make sure to follow other laws about this, I don't know where you live and just came up with these off the top of my head.) I have even heard of people starting YouTube cleaning channels to teach people who to clean, and now you can reasonably deduct expenses for your cleaning products.
Also business expenses are "above the line" so this has nothing to do with the standard deduction like charitable donations and mortgage interest do, those are below the line.
Rule of thumb is there's some length of time you can report losses before the IRS comes sniffing around so if you're not filthy rich you may have to deal with an audit, but it's not illegal to try to start a business and not make money. Word on the street is you can lose money running even a casino and deduct those losses too.
This is not legal advice, go look it up on your own and don't do anything some random on the internet says
prole@lemmy.blahaj.zone · 1 pts · 74d
Juan_de_Silentio@lemmy.world · 3 pts · 74d
Juan_de_Silentio@lemmy.world · 0 pts · 74d
NekoKoneko@lemmy.world · 79 pts · 75d
Regardless of "immunity" (which itself likely would be stricken by a court since it is forward-looking and contradicts the law), Todd Blanche, Donald Trump, and anyone else involved in this need go to jail over this "settlement."
The "settlement" is built on the fiction that Trump has a viable claim, when in fact Todd Blanche and others at the DOJ were given an IRS memo that put them on reasonable notice that it was barred by the statute of limitations. By agreeing to the settlement when Trump is on both sides of the case despite the fact that there isn't a viable claim, Trump, Blanche and all other approving parties are impairing the lawful function of the DOJ, to defraud the IRS, and violating this specific criminal statute (if not many others).
https://www.justice.gov/archives/jm/criminal-resource-manual-923-18-usc-371-conspiracy-defraud-us
18 U.S.C. § 371—Conspiracy to Defraud the United States
Trump and Blanche are doing all three.
northernlights@lemmy.today · 12 pts · 75d
Now that's a solid comment
4am@lemmy.zip · 7 pts · 74d
Literally his entire presidency has been an 18 USC 371 violation
cockmushroom@reddthat.com · 7 pts · 74d
To what extent would this sort of thing make them liable for treason?
NekoKoneko@lemmy.world · 8 pts · 74d
Well, treason is defined in the constitution as "only [] levying War against [the United States], or [] adhering to their Enemies, giving them Aid and Comfort."
Arguably a fund set up that is meant to funnel money to J6 insurrectionists or to support right-wing militia groups for a new insurrection is treasonous.
fodor@lemmy.zip · 5 pts · 74d
HeyThisIsntTheYMCA@lemmy.world · 3 pts · 74d
I personally know someone who got life for 18 usc 371 (and it was just money) , so here's hoping
prole@lemmy.blahaj.zone · 2 pts · 74d
So kind of like Gerald Ford's pardon of Nixon?
pelespirit@sh.itjust.works · 31 pts · 75d
I'm pretty sure this isn't going to hold up later.
NekoKoneko@lemmy.world · 29 pts · 75d
"We are allowed to do unlimited tax fraud, and nobody can investigate us. The DOJ that I control told us we could!"
grue@lemmy.world · 9 pts · 75d
What "later?" Trump will never relinquish power.
chahn.chris@piefed.social · 7 pts · 75d
Bad news for Trump: nothing lasts forever.
krashmo@lemmy.world · 10 pts · 74d
Some things last a lot longer than they should. For example, his miserable existence
jballs@sh.itjust.works · 28 pts · 74d
What the fuck kind of shit ass reporting is that? "A big no-no"? What are we, fucking toddlers? How about highly illegal and a felony deserving of prison time?
explodicle@sh.itjust.works · 3 pts · 74d
The same captured legal system will side with Trump in any "defamation" or "libel" case, despite it being true.
HasturInYellow@lemmy.world · 28 pts · 75d
Could?
ChexMax@lemmy.world · 4 pts · 75d
Well hard to undermine trust in a system everyone Already knows is rigged. Though I know this isn't what was meant :(
Eternal192@anarchist.nexus · 27 pts · 74d
There was trust in the tax system? Sure pal.
HeyThisIsntTheYMCA@lemmy.world · 3 pts · 74d
It was one of the more fair and reliable parts of the US government, so long as you knew how to work with the system.
That "so long as you knew how to work with the system", intuit, the bloch brothers, and mister klynveldpeatmarwickgoerdeler (he's south African Dutch but not Afrikaans? I really don't understand accounting) have lobbied very hard, fast, and wet to keep difficult and out of reach for non practitioners
jonesey71@lemmus.org · 27 pts · 74d
No billionaire should ever be audited. They should have their taxes done by a team of IRS agents and then have the taxes owed taken directly from their assets. No fancy accounting loopholes, just a bill of what is owed.
SabinStargem@lemmy.today · 10 pts · 74d
I think that if there is a complete replacement of the economic workings in the USA, part of it would involve how taxes are assessed and collected. For the corporations, they shouldn't be responsible for their book-keeping. Instead, the State and Federal governments jointly undertake this duty, assigning their own personnel.
000
Each quarter of the year, a coin is flipped. Tails, the State government does the IRS duties, and Heads, it is the Federal. Each of these governments respectively cover exactly half of the year's book-keeping, but the timing and personnel is randomized.
This helps mitigate corruption, because it randomizes who is looking at a company's finances. Corruption relies on social trust between thieves to not sell each other out for mutual profit, which requires the thieves to figure out who can be worked with. By constantly replacing who they have to work with, the corporations can't create ideal conditions to become corrupt.
Having the federal and state governments comparing their records also helps keep them from becoming corrupt themselves: They don't want to share the corrupt pie, so all three parties have to agree to be rotten if they want to do shady dealings. That is much harder when there are many loose lips and competing interests to sink ships.
explodicle@sh.itjust.works · 2 pts · 74d
SabinStargem@lemmy.today · 24 pts · 74d
The taxation system has been a joke for a long time. When the wealthy get to essentially ignore their responsibilities to society, there isn't much reason for that society to continue hosting them. Our elites, are simply parasites.
DanceMomsSavedMe@lemmy.zip · 17 pts · 74d
HAHAHAHAHAHAHA
TRUST IN THE TAX SYSTEM
stoy@lemmy.zip · 6 pts · 74d
Hehe, while I have heard about how the IRS in the US does not have the best reputation, here in Sweden, the tax office is generally considered one of the most trusted institutions by the general population
HeyThisIsntTheYMCA@lemmy.world · 5 pts · 74d
I mean, time was an undocumented immigrant could file their taxes with the irs and the irs would fight any other government agency that tried to find out which people who filed their taxes were undocumented, because giving away that information destroyed any incentive any undocumented immigrant has to file tax returns or pay taxes. Not filing their returns, that's just a fine. Giving their informaron to immigration? That's a hell of a lot worse than not filing. Someone logic this out for me, should the irs cooperate with criminal investigations or no? It seems to be a violation of someone's right against self incrimination, but of course I'm sure there's scatus case law saying otherwise.
prole@lemmy.blahaj.zone · 3 pts · 74d
To the tune of something like $15 billion a year too
Buffalox@lemmy.world · 16 pts · 75d
No no no, that's impossible. Of course everybody trust the tax system in USA completely. Trust it to favor the rich. And this case will 100% strengthen that trust.
Etterra@discuss.online · 15 pts · 74d
Oh don't worry, I already had no trust in the tax system.
NottaLottaOcelot@lemmy.ca · 15 pts · 74d
I think the train carrying trust in the American tax system left the station a looooong time ago….
LordCrom@lemmy.world · 14 pts · 74d
If I sue the IRS for 10 Billion, do I get to not pay taxes also?
14th_cylon@lemmy.zip · 6 pts · 74d
Yes. If you also run your own gestapo that can just snatch people off the street without any consequences, you can do that.
Lushed_Lungfish@lemmy.ca · 13 pts · 74d
There was trust in the tax system?
LadyButterfly@reddthat.com · 8 pts · 74d
Or just the system in general
Neon_Carnivore@lemmy.zip · 12 pts · 74d
Could? I don't trust a fucking thing from the government anymore.
The country I grew up in is fucking dead.
green_goglin@thelemmy.club · 12 pts · 74d
That ship has sailed
melsaskca@lemmy.ca · 10 pts · 74d
Just the tax system you say?
RememberTheApollo_@lemmy.world · 10 pts · 74d
It was gone when it was gutted to prevent audits of rich people and DOGE’s decimation of the agency.
AdamBomb@lemmy.world · 9 pts · 74d
No fucking shit. But maybe it will open the eyes of some sleepers, one can hope.
someguy3@lemmy.world · 8 pts · 75d
I assume this will be challenged and found illegal. Anyone have industry knowledge?
Confetti_Camouflage@pawb.social · 11 pts · 75d
Who will enforce the ruling assuming it does happen?
someguy3@lemmy.world · 2 pts · 75d
Doesn't really need "enforcement". It's whenever the IRS feels the need to audit/etc Trump or his family, they can.
FenrirIII@lemmy.world · 5 pts · 75d
He's done at least a dozen illegal things so far and there's been no repercussions. We're past the days of checks and balances. The foxes were elected to run the hen house and the wolves follow their orders.
crusa187@lemmy.ml · 4 pts · 75d
I have industry knowledge on bridges, and would be happy to sell you a new one.
bold_atlas@lemmy.world · 7 pts · 74d
LOOK AT ME EXPERTS! I DECLARE THAT I AM IMMUNE TO BULLETS, FIRE, EVIL EYE, OVERDRAFT FEES AND CHILD SUPPORT PAYMENT DEADLINES!
OOOOOO BEWARE EXPERTS! BE SCARED AND SHOCKED!
Lucidlethargy@sh.itjust.works · 7 pts · 74d
It seems like right now the corruption in the Supreme Court is what's really fucking up the US.
If the corrupt individuals were removed, I imagine we might see corrections to the deterioration of the country.
fodor@lemmy.zip · 6 pts · 74d
Bakkoda@lemmy.world · 5 pts · 75d
Yeah the American tax system is my go to in trustworthy systems.
toiletobserver@lemmy.world · 5 pts · 75d
I don't have to honor any agreement that tool makes with himself. Neither do you.
GirthBrooksPLO@lemmy.world · 4 pts · 74d
Its funny how he thinks he and his pedo buddies think they are just going to get to walk away with all the shit they stole and a ruling from an institution they debased is going to protect them.
explodicle@sh.itjust.works · 3 pts · 74d
The liberals after this will protect him
Formfiller@lemmy.world · 4 pts · 74d
Chomo Caligula needs to hang
TryingToBeGood@reddthat.com · 4 pts · 75d
“Continue to” undermine