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Trump Organization Indictment Opens a HUGE Can of Worms

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&NewLine;<p class&equals;"wp-block-paragraph">The indictment against the Trump Organization and its Chief Financial Officer Allen Weisselberg rests primarily on the failure to pay taxes on what has long been called &&num;8220&semi;fringe benefits&period;&&num;8221&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The anti-Trump media is fast to say that the facts are clear&period;&nbsp&semi; But maybe not so&period;&nbsp&semi; They even claim that such fringe benefits are rare &&num;8212&semi; and that recipients routinely pay taxes based on the value of the benefits when they are received&period; That is simply untrue on both counts&period;&nbsp&semi; Fringe benefits are VERY common &&num;8212&semi; and rarely do those who benefit pay taxes on them&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">And it is almost impossible to find cases like this in which prosecutors seek CRIMINAL indictments&period; Where cases are prosecuted&comma; they are usually civil matters &&num;8212&semi; resulting in fines&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Many media pundits and guest media prosecutors conjectured that Trump is being singled out because he ran for President &&num;8212&semi; and served as President&period;&nbsp&semi; Guys like MSNBC&&num;8217&semi;s Larry O&&num;8217&semi;Donnell claim to have predicted that increased scrutiny would lead Trump into legal hot water&period;&nbsp&semi; Of course&comma; O&&num;8217&semi;Donnell showed no evidence of his proclaimed prescience&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">They proffer that argument as if it is appropriate &&num;8212&semi; as if it is okay to single out one individual solely because of the person&&num;8217&semi;s prominence&comma; while overlooking literally billions of dollars in unpaid taxes by innumerable other Americans receiving fringe benefits&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<h5 class&equals;"wp-block-heading" id&equals;"h-businesses-routinely-provide-cars-to-employees-housing-is-also-a-common-perk-if-you-think-not-consider-this">Businesses routinely provide cars to employees&period;&nbsp&semi; Housing is also a common perk&period;&nbsp&semi; If you think not&comma; consider this …<&sol;h5>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Based on the indictment against Weisselberg and the Trump Organization&comma; I would suggest that prosecutors across the country start investigating those college and university presidents who are provided with luxurious on-campus mansions&period; I seriously doubt that they are paying taxes on the rental market value of those residences&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Various governments offer similar fringe benefits &&num;8212&semi; such as cars and housing&period;&nbsp&semi; Most states have a mansion as the official residence for their governors&period;&nbsp&semi; They are also provided with cars&comma; servants and&comma; free meals every day for spouses and children&period;&nbsp&semi; Are they paying the taxes on those freebies&quest;&nbsp&semi; Methinks not&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Has anyone checked New York Mayor Bill DeBlasio’s tax returns to see if he is paying taxes for the use of Gracie Mansion&quest;&nbsp&semi; I could be wrong&comma; but I am betting &&num;8230&semi; not&period;&nbsp&semi; The rental value of that property could be several thousands of dollars every month&period; If it had a VERY conservative rental value of &dollar;3000 per month &&num;8212&semi; or &dollar;36&comma;000 per year &&num;8212&semi; that comes to &dollar;288&comma;000 for the eight years DeBlasio and his wife resided there&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">And what about the soldiers who live on military bases and get their meals in the mess hall&period;&nbsp&semi; How about all those ministers and priests who are provided free housing at the rectory &&num;8212&semi; or nuns at a convent&quest; I know that may sound a bit ridiculous&comma; but hey &&num;8230&semi; if no one is above the law &&num;8230&semi;&quest;&quest;&quest;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<h5 class&equals;"wp-block-heading" id&equals;"h-millions-of-average-working-americans-get-fringe-benefits">Millions of average working Americans get fringe benefits&period;  <&sol;h5>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">In the days I worked for Illinois Bell&comma; I got a 20 percent discount on my phone bill&period; And they never even suggested that I pay taxes on that saving&period; Workers in retail outlets are often able to purchase goods at discount&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">In my small consulting business&comma; we routinely provided meals &&num;8212&semi; including breakfast&comma; lunch and dinner&comma; depending on the hours of work on any given day&period;&nbsp&semi; In a couple instances&comma; we even provided housing&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">But in the Weisselberg case&comma; they claim that the benefits were part of his overall compensation &&num;8212&semi; and therefore he should pay taxes on them&period;  Fringe benefits are ALWAYS part of a person’s compensation&period; They are often negotiated&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">There is one area&comma; however&comma; in which I do believe Weisselberg&period; And the Trump Organization may have exceeded legitimate fringe benefits &&num;8212&semi; and that is paying the tuition of Weisselberg’ s grandchildren &&num;8212&semi; but even that has a curious nuance&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The children in question are the offspring of Weisselberg’ s ex-daughter-in-law&comma; Jennifer Weisselberg&period;&nbsp&semi; If you have been following the news&comma; you know that she is on a hate campaign against Weissleberg&comma; the Trump Organization and Trump&comma; himself&period;&nbsp&semi; She appears regularly to accuse her ex-father-in-law and Trump of all manner of business misdeeds&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<h5 class&equals;"wp-block-heading" id&equals;"h-what-is-curious-to-me-is-why-she-has-not-been-indicted-for-accepting-the-gifts-without-paying-the-taxes">What is curious to me is why she has not been indicted for accepting the &&num;8220&semi;gifts&&num;8221&semi; without paying the taxes&period;  <&sol;h5>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">As the parent of the children&comma; SHE has received the benefit by not having to cough up the money for tuition&period; It is usually the person receiving such a compensation who is required to pay the taxes&period;  If her ex-father-in-law is a crook&comma; so is she&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">I was never prepared to be surprised if Trump or his company was charged with breaking the law&period;&nbsp&semi; After all&comma; he is a New York developer where the environment is both political and corrupt&comma; to some measure&period;&nbsp&semi; I honestly believe that if New York District Attorney Cyrus Vance&comma; Jr&period; had thrown a dart into a list of Big Apple developers and commenced an investigation&comma; he would find crimes&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">But so far&comma; I think Vance is abusing prosecutorial discretion with the Trump Organization indictment&period;  I could see some civil charges and a few fines &&num;8212&semi; that is normally the way these things are resolved &&num;8212&semi; but making it akin to a criminal offense in the courts and Class-A Capital Felony Offense in the court-of-public opinion is a bridge too far&period;  That is what makes the whole thing smell political&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The Weisselberg&sol;Trump Organization defense may shed the spotlight on all those receiving similar fringe benefits&period;&nbsp&semi; That would be a can with a lot of worms&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">So&comma; there &&num;8217&semi;tis&period;<&sol;p>&NewLine;

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