del
09-12-2016, 03:04 PM
so i'm pretty sure that there are two reasons he won't release his tax returns- he's not as wealthy nor as good at managing his money as he'd like the yokels to think and his charitable giving is probably on a par with bill and hillary ( think underwear write offs)
i still don't know about the first part, but this article sheds some light on his *charitable* giving
Donald Trump was in a tuxedo, standing next to his award: a statue of a palm tree, as tall as a toddler. It was 2010, and Trump was being honored by a charity — the Palm Beach Police Foundation — for his “selfless support” of its cause.
His support did not include any of his own money.
Instead, Trump had found a way to give away somebody else’s money and claim the credit for himself.
Trump had earlier gone to a charity in New Jersey — the Charles Evans Foundation, named for a deceased businessman — and asked for a donation. Trump said he was raising money for the Palm Beach Police Foundation.
The Evans Foundation said yes. In 2009 and 2010, it gave a total of $150,000 to the Donald J. Trump Foundation, a small charity that the Republican presidential nominee founded in 1987.
Then, Trump’s foundation turned around and made donations to the police group in South Florida. In those years, the Trump Foundation’s gifts totaled $150,000.
Trump had effectively turned the Evans Foundation’s gifts into his own gifts, without adding any money of his own.
On the night that he won the Palm Tree Award (http://www.palmbeachpolicefoundation.org/palm-tree-award) for his philanthropy, Trump may have actually made money. The gala was held at his Mar-a-Lago Club in Palm Beach, and the police foundation paid to rent the room. It’s unclear how much was paid in 2010, but the police foundation reported in its tax filings that it rented Mar-a-Lago in 2014 for $276,463....
Trump’s donations to the Palm Beach Police Foundation offered a stark example of Trump turning somebody else’s gift into his own charity.
Tax experts said they had rarely heard of anything like what Trump had done, converting another donor’s gift into his own.
“I question whether it’s ethical. It’s certainly misleading. But I think it’s legal, because you would think that the other foundation that’s . . . being taken advantage of would look out for their own interests,” said Rosemary E. Fei (http://www.adlercolvin.com/attorneys/rosemary-fei.php), an attorney in San Francisco who has advised hundreds of small foundations. “That’s their decision to let him do that.”
After three years, the Charles Evans Foundation stopped using Trump as a middleman.
“We realized we don’t need to do it through a pass-through,” said Bonnie Pfeifer Evans, the widow of Charles Evans and a trustee of the now-defunct foundation.
In 2012, the Charles Evans Foundation stopped giving money to the Trump Foundation.
In 2013, according to tax records, the Trump Foundation stopped giving to the Palm Beach Police Foundation
https://www.washingtonpost.com/politics/how-donald-trump-retooled-his-charity-to-spend-other-peoples-money/2016/09/10/da8cce64-75df-11e6-8149-b8d05321db62_story.html
i know it doesn't make any difference to the hacks, but reasonable people might be interested to know that the ehtical difference between the two hacks running for potus is non-existent.
i still don't know about the first part, but this article sheds some light on his *charitable* giving
Donald Trump was in a tuxedo, standing next to his award: a statue of a palm tree, as tall as a toddler. It was 2010, and Trump was being honored by a charity — the Palm Beach Police Foundation — for his “selfless support” of its cause.
His support did not include any of his own money.
Instead, Trump had found a way to give away somebody else’s money and claim the credit for himself.
Trump had earlier gone to a charity in New Jersey — the Charles Evans Foundation, named for a deceased businessman — and asked for a donation. Trump said he was raising money for the Palm Beach Police Foundation.
The Evans Foundation said yes. In 2009 and 2010, it gave a total of $150,000 to the Donald J. Trump Foundation, a small charity that the Republican presidential nominee founded in 1987.
Then, Trump’s foundation turned around and made donations to the police group in South Florida. In those years, the Trump Foundation’s gifts totaled $150,000.
Trump had effectively turned the Evans Foundation’s gifts into his own gifts, without adding any money of his own.
On the night that he won the Palm Tree Award (http://www.palmbeachpolicefoundation.org/palm-tree-award) for his philanthropy, Trump may have actually made money. The gala was held at his Mar-a-Lago Club in Palm Beach, and the police foundation paid to rent the room. It’s unclear how much was paid in 2010, but the police foundation reported in its tax filings that it rented Mar-a-Lago in 2014 for $276,463....
Trump’s donations to the Palm Beach Police Foundation offered a stark example of Trump turning somebody else’s gift into his own charity.
Tax experts said they had rarely heard of anything like what Trump had done, converting another donor’s gift into his own.
“I question whether it’s ethical. It’s certainly misleading. But I think it’s legal, because you would think that the other foundation that’s . . . being taken advantage of would look out for their own interests,” said Rosemary E. Fei (http://www.adlercolvin.com/attorneys/rosemary-fei.php), an attorney in San Francisco who has advised hundreds of small foundations. “That’s their decision to let him do that.”
After three years, the Charles Evans Foundation stopped using Trump as a middleman.
“We realized we don’t need to do it through a pass-through,” said Bonnie Pfeifer Evans, the widow of Charles Evans and a trustee of the now-defunct foundation.
In 2012, the Charles Evans Foundation stopped giving money to the Trump Foundation.
In 2013, according to tax records, the Trump Foundation stopped giving to the Palm Beach Police Foundation
https://www.washingtonpost.com/politics/how-donald-trump-retooled-his-charity-to-spend-other-peoples-money/2016/09/10/da8cce64-75df-11e6-8149-b8d05321db62_story.html
i know it doesn't make any difference to the hacks, but reasonable people might be interested to know that the ehtical difference between the two hacks running for potus is non-existent.