President Capone

While we don't get to see 45*'s tax records right now, we can learn part of what we need to know by looking at the tiny sliver of information they do allow us to see.

It ain't sexy - it won't excite anybody outside a relatively small circle of Numbers Nerds - but this is how these things get done.

WaPo, David Herzig and Bridget Crawford


It’s possible the president filed the right paperwork. But without a full release of his tax returns, the available evidence suggests he hasn’t. According to New York City property records, Trump paid $13,000 in state and local transfer taxes for these two sales. That is the correct amount for a sale between strangers. But if he paid state and local transfer taxes, that means he didn’t treat the transfers as gifts. And on the real estate forms filed in New York, Trump didn’t check any of the boxes indicating that these were sales between relatives or sales of less than the entire property. It would seem, then, that he treated the transactions as if they were sales for fair market value to a stranger.

-snip-

Since Trump did not cast the transactions as gifts for state and local tax purposes, it is almost certain that he did not do so for federal gift tax purposes, either. In our combined 40 years of experience as tax lawyers, we are unaware of a situation in which a taxpayer would report a transaction as a fair market value between strangers on the state level (and thus incur real estate taxes) but treat it as a gift at the federal level (and thus incur an additional tax). It’s fair to infer that Trump didn’t follow the rules.

And just in case you're looking for work in a field that's almost perfect for keeping you busy for decades to come as we try to unravel the shit blanket that's been thrown over our heads, it's worth considering a career in Forensic Accounting (yes - that's a thing). And if we're going to have any real chance to fix a tax system that's totally FUBAR, we'll be in dire need of some very good Numbers Nerds.

Today's GIF

From whence we came

Today's Self-Inflicted Foot Wound

It's never about anything but trying to make himself look good.

Read the transcripts at WaPo

A "highlite":
 Pena Nieto: Yes, Mr. President. The proposal that you are making is completely new, vis-à-vis the conversations our two teams have been having. But I have gathered this from the position that you have taken in terms of trade. I think we have the route to continue having balanced trade between both nations. And frankly, to tell you the truth Mr. President, I feel quite surprised about this new proposal that you are making because it is different from the discussion that both of our teams have been holding —

 Trump: Enrique, if I can interrupt – this is not a new proposal. This is what I have been saying for a year and a half on the campaign trail. I have been telling this to every group of 50,000 people or 25,000 people – because no one got people in their rallies as big as I did. But I have been saying I wanted to tax people that treated us unfairly at the border, and Mexico is treating us unfairly. Now, this is different from what Luis and Jared have been talking about. But this was not a new proposal – this is the old proposal. This was the proposal I wanted. But they say they can come up with some other idea, and that is fine if they want to try it out. But I got elected on this proposal – this won me the election, along with military and healthcare. So this is not a new proposal this is been here for a year and half.

You Don't Get One Without The Other

Zeeshan Aleem at Vox:

Democrats, not Donald Trump, are the real populists on trade in Washington. 

That’s the major takeaway from the Democrats’ bold new trade platform that they unveiled on Wednesday morning, the second rollout of their “Better Deal” messaging agenda in the runup to midterm elections in 2018. 

It's a collection of proposals aimed at protecting American workers from foreign competition — and it’s designed to edge out Trump's own messaging on how he's going to transform US trade to help bring back jobs to America.
The first 34 items on the 2016 Democratic Party Platform are all about helping everyday American Workin' Folk get a better chance to participate (to a slightly greater degree) in a system that actually fucking depends on their participation.

Don't gimme no shit about how the Dems fucked up by not addressing the problems of middle America.

If people missed it, then they weren't listening, cuz Hillary and Bernie and Tim all hit it plenty hard every time they stepped into the box last fall.

And maybe this had something to do with how we've been missing the point for 30 years:

The idea of evaluating foreign investment to ensure it doesn’t pose a threat to American jobs is bound to be incredibly controversial in Washington.

-snip-

That kind of scrutiny and interference with foreign investment would be unprecedented for the United States, says Edward Alden, a trade expert and senior fellow at the nonpartisan Council on Foreign Relations. “The US has had a very open stance on foreign investment — it’s only restricted if it’s considered a national security threat,” he told me. (*)
'Scuse me, Mr Alden - the health of our economy kinda depends on Americans having jobs that pay them enough to live on, so it seems pretty important to ask, "When did you decide a fucked up US Economy was somehow disconnected from a threat to US National Security?"

Keith

Score it 517 to 5. So much winning.

Watch this video on The Scene.

It Only Works When You Work It

Quick reminder: Checks and Balances is a metaphor, not a mechanism.

AP News:

Republican Sen. Thom Tillis of North Carolina and Democratic Sen. Chris Coons of Delaware plan to introduce the legislation Thursday. The bill would allow any special counsel for the Department of Justice to challenge his or her removal in court, with a review by a three-judge panel within 14 days of the challenge.

The bill would be retroactive to May 17, 2017 — the day Mueller was appointed by Deputy Attorney General Rod Rosenstein to investigate Russian meddling in the 2016 election and possible ties to Donald Trump’s campaign.

“It is critical that special counsels have the independence and resources they need to lead investigations,” Tillis said in a statement. “A back-end judicial review process to prevent unmerited removals of special counsels not only helps to ensure their investigatory independence, but also reaffirms our nation’s system of check and balances.”
Legislators have been ceding power to the Executive for decades - this is one of a very few times Congress Critters have reared up and made a noise like they understand the idea of "First Among Equals".

Defend your institutions or lose them forever.

So way to go, guys. 

But seriously - it's about fuckin' time.

Today's Aww

And here it is - your moment of manly cuteness.

the most normal thing in 2017 so far pic.twitter.com/X05h6nQFrG

— Adam Parkhomenko (@AdamParkhomenko) August 3, 2017

hat tip = @kfury

Today's Pix

Today's Tweet

DONALD TRUMP is the PRESIDENT OF THE UNITED STATES and we're really supposed to believe mediocre white people aren't getting a fair shake

— Emily (@emilydawnlove) August 2, 2017

Spit Ballin'

Looking for something that explains why "conservatives" are so dead set against policies aimed at equalizing treatment (ie: rights, opportunities, etc) for women and minorities under the law, we always eventually bump into an underlying thingie that translates to: 

"What if black people treat us like we've always treated them?"

-or-

"If we give gays the same rights as the rest of us, we're afraid they'll treat us just like we've always treated women".

So let's take that as a template, and overlay the shitty attitude held by so many "conservatives" towards immigrants.

OK so far?

Now consider this - the American population is at an average of 56 years old.

In 15 or 20 years, those "conservatives" are looking at an increasing probability of being taken care of by women and minorities and - wait for it - immigrants!!!

Karma's a bitch, motherfucker.