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K. Louise Neufeld
@ninaandtito
, 7 tweets, 5 min read Read on Twitter
@RussellSieg @soychicka Let’s say a casino makes $100 in a year. Their expenses are $60 a year. Profit should be $40. Which means taxes owed on $40.
Step 1: What if the casino-instead of reporting it-shovels some of their cash income-let’s say $10-into a briefcase for trump to take home with him to...
@RussellSieg @soychicka ...spend as he pleases. No taxes on unreported income. Now it looks like they brought in $90. With expense of $60/year, that’s $30 of profit to show the IRS. Meaning the casino owes taxes on $30. Bonus: trump doesn’t teport that cash income. (Legally, he DOES have to, but he’s...
@RussellSieg @soychicka a cheater so he won’t)
Step 2: What if the casino pretends there were more gambling losses than they really had-they claim they had to pay out $20 more in gambling losses than they really had to. That $20 goes to whoever is laundering money through the casino-they make bets...
@RussellSieg @soychicka ...with dirty cash, pay out a cut to the casino for laundry services, but now can declare legit gambling income to show to the IRS. “No Mr. Taxman, my millions didn’t come from trafficking minors for the global rape trade! I’m just really good at poker.”
@RussellSieg @soychicka ...Now it looks like the casino only brought in $70. With $60 in expenses, it shows a $10 profit, on which it will owe taxes.
But wait! The casino owners have to pay back/bribe the politicians and mobsters who helped them get & keep the casino license! How best to do that?
@RussellSieg @soychicka Well, bribery and kickbacks are illegal so they need to find a way to legitimize those payments. Step 3: Have one of your trusted (mobbed up) vendors inflate the sale price of goods to the casino by $15. $3 cut to the vendor for acting as a conduit for the bribes, and the...
@RussellSieg @soychicka vendor pays $12 to whoever you need to bribe. Via “consulting fees” or whatever.
Now the casino’s expenses show as $75, income shows as $70, and your casino is showing the IRS that you had a loss of $5.
Voila! You just avoided paying taxes on a whole bunch of money.
Enjoy prison!
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K. Louise Neufeld
@ninaandtito
What did Donald have that Fred didn’t? A casino license.
Carte blanche to launder dirty mob money & to steal from investors/lenders via shit IPO’s, junk bond defaults, bankruptcies.
Fred had real estate (MOB). Donald has that + lots of other ways to launder.
Hence, “losses”
This is about CRIME FAMILIES. Because #ThisIsAMafiaStory.
Don McGahn’s uncle Paddy, who helped Trump cheat to get his NJ casino license = mob.
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K. Louise Neufeld
@ninaandtito
#ODEBRECHT.
FCPA gonna fuck y'all up.
11 years + 7 months prison for Jose Elias Melo, former CEO of a subsidiary of Colombian conglomerate #GrupoAval.
Bribery is BAD, people!
en ingles por los gringos:
colombiareports.com/former-executi…
It's all connected
because of course,
it's all connected.
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K. Louise Neufeld
@ninaandtito
This is not a headline I have ever seen at justice.gov...
Argentine Man Sentenced in Witchcraft Extortion Scheme justice.gov/usao-sdca/pr/a…
Some call it witchcraft...
Some call it sextortion.
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