Skip to main content

Trump Org. X-Mas Bonus List Is a Heart Attack on a Chart, Accountant Testifies

Trump Org. X-Mas Bonus List Is a Heart Attack on a Chart, Accountant Testifies: The bonuses should have been reported in their entirety on company W-2s each year, as taxable income. But they were not, prosecutors have charged. Instead, prosecutors alleged executives received the bulk of their annual bonuses in separate checks from a variety of Trump Organization subsidiaries, as if they had worked the previous year as freelancers or contractors for Wollman Rink, Mar-a-Lago, the Trump International Golf Club in Palm Beach, Florida, and even Trump Productions, which produced "The Apprentice." That way, prosecutors alleged, the company saved on withholding and got to write off the checks as subsidiary expenses. Meanwhile, the executives were able to claim the checks as freelance income, which allowed them to stash some of that money in tax-free savings accounts available only to the self-employed.

Popular posts from this blog

(26) Post | LinkedIn

(26) Post | LinkedIn : ► Trump was first compromised by the Russians back in the 80s. In 1984, the Russian Mafia began to use Trump real estate to launder money and it continued for decades. In 1987, the Soviet ambassador to the United Nations, Yuri Dubinin, arranged for Trump and his then-wife, Ivana, to enjoy an all-expense-paid trip to Moscow to consider possible business prospects. Only seven weeks after his trip, Trump ran full-page ads in the Boston Globe, the NYT and WaPO calling for, in effect, the dismantling of the postwar Western foreign policy alliance. The whole Trump/Russian connection started out as laundering money for the Russian mob through Trump's real estate, but evolved into something far bigger. ► In 1984, David Bogatin — a Russian mobster, convicted gasoline bootlegger, and close ally of Semion Mogilevich, a major Russian mob boss — met with Trump in Trump Tower right after it opened. Bogatin bought five condos from Trump at that meeting. Those condos were...