Experts say the tax-evasion case made against Trump Org and its CFO on Thursday appears to be a strong one — built on Trump Org’s own records.https://t.co/oLausUBADO
— David Fahrenthold (@Fahrenthold) July 4, 2021
The indictments add problems to a company already facing an existential one:
Trump Org was designed to monetize the brand and follow the interests of *1 man*…who has now trashed his brand and apparently lost interest. https://t.co/FvIkxbJNfq
— David Fahrenthold (@Fahrenthold) July 2, 2021
… Trump will remain a wealthy man regardless of whether his company is convicted of any of the charges. But the indictment adds to a growing pile of uncertainties about his company that experts say makes its future less clear than at any time since Trump’s much publicized financial collapse in Atlantic City and New York in the 1990s.
If convicted, the company could face hefty fines or other court-imposed penalties, according to legal experts. A felony conviction can complicate companies’ efforts to secure bank loans or even municipal licenses to sell alcohol or get construction permits.
Trump — referred to as the “former CEO” by prosecutors — has relocated to Florida. His two eldest children, Donald Trump Jr. and Ivanka Trump, have followed his path out of business and into the political sphere. And some of his top properties have suffered severe drops in revenue, with more than $300 million in debts to refinance or pay off in the next few years.
“The immediate prosecution isn’t going to threaten to wipe out the company,” said Michael D’Antonio, who wrote two Trump biographies. “But what it does is open the possibility of so many secrets spilling out that the ramifications could last for years. It could be five or six years before all of this gets sorted. And that’s a long time for a company that’s built, in large measure, on the value of its reputation.”…
If Weisselberg, 73, were to unexpectedly leave the company, whether for reasons related to the case or not, D’Antonio said, it could cause a major disruption. He said Weisselberg has effectively run the business with Trump for several decades, managing the details and the finances while Trump built his brand and cut deals…
The next (official) hearing in the case isn’t till September 20th, so we’ve got all summer to speculate. And under any circumstances, the whole meshugas is expected to spread out over the next several years. If we can’t see TFG in an orange jumpsuit being led off to prison in shackles, IMO the next best punishment is torturing the old man with a steady stream of legal threats & business losses through his remaining sundown years… not to mention keeping his depraved progeny and their bedmates too busy hiding to run for any political office.
Many of Trump’s businesses lose money and are propped up by regular infusions of dubious outside money – which they will likely no longer be getting.
Feels just like when his casino empire started its death spiral. https://t.co/qOQeaGgS4Y
— The Hoarse Whisperer (@TheRealHoarse) July 2, 2021
From a long (gloating) thread, which I don’t have the financial acumen to judge:
As someone who has written for decades about corporate crime, I was reading the Trump O/Weisselberg indictment going, "Yah, ok..hmm..yah..ok..Wait..HOLY SHIT!" The Trump Org is in deep, deep trouble. And not because of the criminal charges. Because of its bank loan covenants…/1
— Kurt Eichenwald (@kurteichenwald) July 1, 2021
…every covenant for a bank loan to a business. The terms are simple: You maintain truthful books and records, you attest to us that they are truthful, and we are allowed to review them at any time. There is no "You can lie *just a little bit* on your books and records"…/10
— Kurt Eichenwald (@kurteichenwald) July 1, 2021
…they turn over every relevant book and record pertaining to these issues. If they refuse…BOOM. Loans pulled. If they do and the banks don't like what they see…BOOM. Loans pulled. If the loans come due (which 100s of millions do next year) no way they get refinanced…./13
— Kurt Eichenwald (@kurteichenwald) July 1, 2021
Actual lawyer pours cold water on one popular speculation:
No. It’s not an admission. It’s a defense. https://t.co/gEDjB8HCop
— SchemeToDefraudHat (@Popehat) July 4, 2021
[Remember: the more closely associated a crime is with white men in blue suits, the more likely it is to carry a rigorous scienter requirement, as contrasted with other crimes, which usually don’t require you to know you’re doing anything wrong or fraudulent.]
— SchemeToDefraudHat (@Popehat) July 4, 2021
But there’s always hope…
The indictment said that other, unnamed Trump Organization executives were given similar benefits. .. you don’t think Ivanka and Jared would be so dumb as… https://t.co/6QExJjqTvX
— Jennifer 'pro-voting' Rubin (@JRubinBlogger) July 1, 2021
RaflW
As a Bloomberg opinion writer said in 2019 (paywalled, I think)
“Trump+Taxes+Deutsche Bank+Mnuchin+Barr = Cover-Up”
I sure hope the house of cards comes crashing down. DB seems like they are not out of the woods on things like financing a probably money launderer. And Barr’s ties, while indirect, are intriguing.
JPL
The State is bringing charges, and we’ll soon find out whether or not the Federal Government will. It would not surprise me if trump issued blanket pardons to his family and Weisselberg.
Another Scott
Relatedly, … Brookings – New York State’s Trump Investigation: An Analysis of the Reported Facts and Applicable Law (60 page .pdf) from June.
In a podcast after the charges were released, they say that this is “the end of the beginning” and there’s going to be a long drawn-out process. The implication being that a lot more charges and defendants can be expected.
Cheers,
Scott.
SiubhanDuinne
@RaflW:
I still want to know a lot more about the skeevy connections between DB, their loan officer who handled some of the Trump accounts and just happened to be Justice Kennedy’s son, the abrupt resignation of Kennedy from the SC, what exactly Trump said to Kennedy at the White House that apparently shocked Kennedy so much he stopped in his tracks and stood dead-still, and the nomination of Brett Kavanaugh to replace him and who or what entity paid off all his massive debts just before his confirmation hearings began. I hope all those events haven’t been entirely scrubbed from journalists’ awareness.
Scamp Dog
@JPL: Doesn’t issuing pardons require holding executive office? Because right now, a Trump-issued pardon is about as effective as one I could issue…
hells littlest angel
The more common parlance is “sunset years,” but I like this better. I imagine him babbling and aimlessly wandering until he dies.
mrmoshpotato
A fitting thread for this.
Can’t tell if it’s real or sarcastic? That’s fucked up.
dr. bloor
Popehat’s right when he points out that Trump’s blathering is a defense, not an admission. But it’s a defense that works only for him, at the expense of Wesselberg’s chances in court and his freedom. It should come as a surprise to no one that TFG will sell your soul to Old Scratch the instant it is in his best interests to do so, but it still won’t set well with other underlings who have evidence to offer.
Jill
@RaflW: As soon as you bring in Deutsche Bank, don’t we also have to open up the Anthony Kennedy retirement/Brett Kavanaugh ascension as well? It won’t happen, but it should.
JPL
@Scamp Dog: Trump could have issued blanket pardons before he left office. We wouldn’t know unless charges were brought.
mrmoshpotato
What foolish banker would refinance anything associated with this Soviet shitpile mobster crime family?
mrmoshpotato
Oh god. Blurry butthole mouth AND piss-colored cotton candy ferret!
mrmoshpotato
@SiubhanDuinne:
Same here. All of that.
mrmoshpotato
Blanket pardon, please! I got some holiday weekend criming errr….totally legaling I wanna get off my list.
debbie
“I told you to tear up those goddamn spreadsheets!”
Redshift
@JPL:
If so, that still only covers federal charges, and the states are taking the lead on this.
Sure Lurkalot
Besides loan covenants like ones relating to financial statements as expounded on by Kurt Eichenwald, loan agreements also contain representations and warranties that are to be true when the documents are signed and throughout the loan, dealing with such things as authority to do business, hazardous substances, taxes, litigation…and given that asshole lies about everything, IMHO he was likely in default of every loan he ever entered into before the ink was dry on the signature pages.
In my experience, lenders primarily foreclose on payment defaults, covenant defaults, not as much. Still hoping that Mr. Eichenwald is onto something though.
mrmoshpotato
@debbie:
And eat all the hard drives!
Baud
@debbie:
del fakebooks.xlsx
mrmoshpotato
@Redshift:
Also, blanket pardons? ?A-criming I will go, A-criming I will go, hi ho the dareio, A-criming I will go?
ETA – sounds like a “Fuck you, coppers! Yah see, naaahh!!!!” card.
Another Scott
@Baud: Oooh. It would be fun to throw some conspiracy charges on top (like for the 1/6ers who told each other to erase all their online stuff).
Cheers,
Scott.
WaterGirl
I get pissed at PopeHat sometimes because he doesn’t tell me what I want to hear.
It’s not that I don’t want to hear the truth, it’s that I want the truth to be what I want to hear.
The difference between that and all the crazies on the other side is that I pretty much accept his take, but am chagrined about it. Instead of just making shit up and spreading it around.
PopeHat had a long Q&A podcast this weekend and it was really interesting.
debbie
@WaterGirl:
Even as a defense, it strains credulity.
Jim, Foolish Literalist
@JPL: it wouldn’t surprise me if he has federal pardons in his pocket, for himself and whoever’s covering his ass, but those wouldn’t apply here
germy
I still think Rich Dad & Mom paid off Brett’s debts. I’m sure they’ve bailed him out before.
Gifts from parents don’t have to be reported IIRC.
WaterGirl
@debbie: I agree with you, but who knows whether the courts will.
To me it’s the act of a brazen man who has never really experienced any consequences for his actions in his life.
What is so appalling to me about this is learning this week that for white collar crimes, they have to prove intent, but intent certainly wasn’t relevant with George Floyd, obviously.
I knew there was one set of rules for the rich and another for the rest of us, but it’s built into the law, right there in plain site.
It’s disgusting.
Mousebumples
@WaterGirl: All the president’s lawyers is a great podcast!
Jim, Foolish Literalist
@germy: beyond the annual exempt amount– about 17K now I think?– I think larger gifts to family count against the estate tax exemption (IANAL)
WaterGirl
@germy:
I believe that they do, if they are over a certain amount. And with the amount of his debts, I think they had to be over that amount.
Maybe ask one of the attorneys in the morning thread tomorrow.
bbleh
we’ve got all summer to
speculatetrash the brand until it collapses from sheer rottenness.FIFY
As to “intent” and “awareness,” I don’t think a way-after-the-fact (and even after the indictment) proclamation that “I din’t know nothin’” is gonna carry much evidentiary weight. And that’s especially true given that, if he’s gonna claim that, guess who he’s gonna have to throw under the bus, and guess how many rooms that guy was in. (ETA, what @dr. bloor: said)
it would be seriously irresponsible not to speculate.
debbie
Just Chuck
A secret blanket pardon for any and all crimes committed by a personal and business associate? If that sort of thing could hold up for even a nanosecond, then we’re already done, with democracy and the rule of law already dead and rotting.
Jim, Foolish Literalist
@debbie:
all it takes is one Staten Island MAGAt on the jury
WaterGirl
@Mousebumples: It really is. I’ve been listening for several months now. It might be my favorite.
I listen to Pod Save America, All the *Presidents Lawyers, Rational Security by the Lawfare folks, and one or two more. I think PopeHat is my current favorite.
Pod Save America has gotten downright depressing and anxiety-producing for me.
*I know they moved the apostrophe after Trump was beaten by Biden, but I don’t recall where it is exactly.
WaterGirl
@debbie: Oh. My. God.
Taking something from a mailbox that is not yours is a federal offense.
OGLiberal
Lehman Brothers and Bear Stearns were huge organizations with deep histories, mostly bad, some good, that no longer exist. They were legit institutions.. How does the Trump Org, having never done anything profitable or meaningful, continue to exist? And my guess is this Cy Vance stuff is “see, I did something”, on his way out the door that will amount to nothing. How does Trump just always slide by? He fails at everything but became president and has about 40 percent of this country in his cult. He’s terrible but, have to say, I can kind of see where his ego comes from – the man has been failing upwards for decades…no fucking consequences.. He’ll die rich and comfortable…I will not, nor will many, many people. Wtf?
bbleh
@Jim, Foolish Literalist: true, but having served on several juries, I can attest to the power of unending 11-1 discussions as Friday evening approaches…
WaterGirl
@debbie:
edit: This has been announced as a FAKE video made by FRIENDS.
Frankensteinbeck
@JPL:
We would know. The Trump White House leaked like a sieve. Trump can’t keep his mouth shut. We would already know if they existed.
WaterGirl
@debbie: Can that be for real??? I watched it twice. Entitled doesn’t even begin to cover it.
Mike in NC
Would love to see the entire rotten family destitute and living in cardboard boxes in some alleyway.
Geminid
I am looking forward to the trump winery being sold. It’s about ten miles south of Charlottesville. trump scarfed up the property when Patricia Kluge got caught up in the crash of 2008. There are some local contractors trump screwed who will be glad to see him gone.
debbie
@OGLiberal:
Vance may not care, but Leticia James sure does.
debbie
@WaterGirl:
I love the dog: “Not this again.”
germy
Jim, Foolish Literalist
@bbleh: on my jury it was ten-to-two in favor of acquittal, and the two hold-outs just could not, would not, grok the idea that the burden of proof was on the prosecutors and not the defense. It was a long time ago, but “I’m not sure he’s guilty, but I’m also not sure he’s innocent” is the phrase I remember. We eventually brought them around.
debbie
@WaterGirl:
One person said it was, but I had never heard of her source. There’s nothing on Snopes.
The snoopiness, however, does not surprise me in the least.
JPL
@WaterGirl: twitter says that is a set up.. They are friends.
twitter is never wrong, unless it is.
Geminid
@WaterGirl: The woman’s dog looks embarrassed.
JPL
@Just Chuck: They already pissed on the voting rights act.
Another Scott
@SiubhanDuinne: Whitehouse hasn’t forgotten. Whitehouse letter to Garland from March 15:
Cheers,
Scott.
germy
A Good Woman
@WaterGirl:
The comments in the thread suggest that was staged. It’s BS.
WaterGirl
@debbie: My dogs would be upset!
She stole his package out of his mailbox, sprayed him with something from her bottle. Is it just me, or was there too much of a time delay when she finally grabbed her arm in so-much-pain that she had to fall to the ground, on cement, in terrible pain.
WTF?
Another Scott
@WaterGirl: She was practicing lines from Shakespeare:
Cheers,
Scott.
WaterGirl
@Another Scott: I buy a lot of stuff from Amazon and none of my neighbors has every accused me of anything!
WaterGirl
@WaterGirl: Speaking of Amazon, does anyone buy at amazon using the link under Support Our Site?
I know Cole gets some % if we do that, but even I don’t use that for ordering. Does anyone?
JPL
@WaterGirl: It’s possible that they are friends who wanted to trend on tik tok. Maybe not, but certainly possible.
WaterGirl
@A Good Woman: Yeah, but no more so than my questions here, so I’m not sure.
If that’s fake, and someone identifies the woman and she gets fired, that would be kind of funny.
I get kind of annoyed at ‘fake’ stuff that we are supposed to know is fake, but is so close to the crazy that it’s impossible to know anymore.
senyordave
I hope at some point the prosecutors go to Weisselberg and offer him a deal like this:
You have 1 minute to decide whether you want to take a chance at dying in prison followed by:
60
59
58
Miss Bianca
“Does anybody know the answer to this stuff?”
YES, you fucking moron. That “anybody” would be your accountant, or your team of accountants, in your case. Always provided that they, of course, are not as crooked as a washtub full of snakes, like their boss.
prostratedragon
@Jim, Foolish Literalist: I think it has to be a Manhattan jury. Still only takes one, but that one would be hard to find.
RaflW
@SiubhanDuinne & @Jill: Completely agree. There’s a lot that’s jiggy about all that.
WaterGirl
@JPL: I agree that it’s possible. But it would be foolish to do that and act like it’s real. That’s why I wondered if someone might ID her and she could lose her job.
JPL
@senyordave: If it’s just state charges, the odds are slim that he’d die in prison. Of course there is the Epstein example. Where the heck is LAO when we need her?
jeffreyw
@WaterGirl: I signed up for Planned Parenthood to get the Amazon donation for my purchases. I give to John directly, through PayPal.
WaterGirl
@jeffreyw: Yeah, I think mine still goes to the nature conservancy or something I signed up for years ago. I should probably make another choice given how fucked up everything is.
WaterGirl
@JPL: Most of the attorneys seem to be morning people.
Yutsano
@WaterGirl: I support the ASPCA through Amazon Smile, so I haven’t ever used John’s link. I do use an ad blocker on my computer but not on my phone and I use the phone more during the week. It balances out for me I think.
bbleh
@Jim, Foolish Literalist: on one of mine, a criminal case, it took a while, plus some carefully ambiguous diplo-speak, to get our holdouts on board. But when you’ve got 10 or 11 people, with whom you’ve bonded to some degree (very important first step!), staring at you and battering at your defenses, with nowhere to run, and the weekend approaching …
I have a lot of respect for the jury system, imperfect as it is.
lurker
@WaterGirl: not my area of expertise at all…
two potential issues here:
reporting by judges (Kavanagh was on the DC Circuit) – sounds like gifts from family do not have to be disclosed on the forms judges have to file yearly
reporting to IRS – gifts from family do not have to be reported to some degree (there is a yearly threshold that gets a little tricky), however, total gifts over a lifetime impact some aspects of the estate tax exemption, and that is supposed to be tracked, even though it may not be well tracked.
Your mileage may vary … a lot … depending on various individual factors.
Scamp Dog
@mrmoshpotato: one blanket pardon for all weekend criming, any weekend you please! (Offer not valid in actual courts of law, unless we can get Baud to issue it. He can do that, right?)
sab
@WaterGirl: Isn’t stealing mail from a mailbox a serious felony?
Also too, worst soccer flop I have ever seen.
WaterGirl
@Yutsano: I’m certainly not being critical – since I don’t even use it myself! :-) I was just curious.
WaterGirl
@sab: Unless you are DeJoy, yes, messing with the mail is a serious felony.
laura
The rotted log has been rolled over and I’m ready to see everything that lies beneath. I’m convinced that this initial tax avoidance case is the tip of an iceberg of shit that’s going to come out. tfg went defcon 5 to avoid losing the election. He knows what’s coming due, what the loss of cash flow means and who owns his sorry ass. The large adult children are a mixed bag – the fail sons have been running their mouths but junior miss senior advisor and first daughter was alleged to be an employee and consultant and the stench rolling off that financial arrangement must be a bit of a bother. Even if they never see prison from inside a cell, I hope to see the total and permanent destruction of each of them – just reviled as the unamerican scum and thieves without a single redeeming quality.
WaterGirl
@laura: So say we all.
Patricia Kayden
Brachiator
Well, I certainly hope not.
laura
@laura: if failson jr dies face down on the last line of a real cut 8 ball in the coming months I will not be surprised.
sab
I spent last night (for hours) with frightened demon kitty snuggled up to my chest and neck. Aside from pissing off my husband ( Mr Cat Charisma) I was actually a bit scared because this little guy has claws he uses. Fire crackers so he was scared. He nuzzled and felt safe. Weird night.
skerry
@WaterGirl: I use it most of the time. I have no idea what % goes to Cole, but I figure it can’t hurt.
Another Scott
@laura: I’m hoping / wishing / looking-forward-to in-depth investigations and charges for Javanka for their shaking down the Qataris over 666 5th Avenue. Everything about that smells rotten.
Grr…
Cheers,
Scott.
zhena gogolia
@WaterGirl:
I do.
Steve in the ATL
@Mike in NC: with or without curtain rod and sparrow?
Yutsano
@Steve in the ATL: Without. I’m vindictive.
Anoniminous
shitscheißemerde
Two studies from Israel (60% vaccinated) reporting a drop in Pfizer efficiency.
“Are hospitalizations increasing now in Israel? Yes, up “like clockwork” says @JeffSmithi24. Israel is 60% 2-dose Pfizer fully vaccinated. No other country has vaccinations higher than [Israel]. This, Delta Variant is a threat to every country right now. Leadership pay attention.”
[minor edit to quote]
Cite
Time to hunker down again
Gvg
@sab: you are making progress.
I have had a couple of cats that when frightened, wanted to get into my clothes with me. I learned to wear a lose jacket or poncho when taking them to the vet. They would hide underneath the cloth and smell me, and I think there was a degree of if I don’t see it, it’s not a threat thinking. You could wear layers as armor, but I really think both of my friady cats needed to smell protector person too and probably the clothing had more me scent.
J R in WV
@WaterGirl:
I use the B-J Amazon link to order everything but the Kindle Books, which I order with my tablet, on which I read the books. I think the Kindle purchases donate to the Heifer Project, which donates livestock Iike pure bred milk cows to farm families in nations that need help.
I would be fascinated to know how much Cole receives via the Amazon link over all, I also Patreon donate monthly to B-J…
Whatever it takes to feed the squirrels that drive the Balloon Juice servers!
Anne Laurie
Unless the Trump tax cuts managed to gut the relevant provisions, oh yes they *do* have to be reported, over a certain threshold. The Trump family has been getting cute with reporting ‘gifts’ from Fred to his kids, and from Donnie’s generation, to their kids, for at least 50 years, IIRC — that was one of the key points in Mary Trump’s doc-dump.
Twenty years ago, the threshold was $10K, but no idea what it might be now.
tallred
debbie:
It’s always projection with these people. First, it was “But her emails” (which had a pasta recipe and such), then “Hunter Biden’s laptop” (which supposedly has somehow been both in a Delaware repair shop and Giulianni’s garage), when all along there was a second set of ledgers on a Trump Org office computer. And by “all along”, I mean since the Reagan administration (assuming the books were on paper prior to the eighties).
dmsilev
@tallred:
Risotto. That, somehow, made it worse I guess.
Kay
This is interesting. Supreme Court reform:
Jay
@Gvg:
SWMBO always called me out for “mollesting” the cats. Picking them up, cradling them and snuggling them. Tucking them inside my fleece, where they would curl up on my belly, until they wanted to go.
Now, when I come home from work, they come running to cuddle on the couch. Jellyman becomes boneless against my legs, Bitsy lays her head in my lap like a dog.
Splitting Image
@WaterGirl:
The doggie is way too well-behaved for its owner to be a real Karen.
J R in WV
@Kay:
This is SO interesting.
Obviously, since the Supreme Court has practically NO limitations, not ever a requirement to recuse one’s self from issues that carry an obvious conflict of interest, it is incumbent upon the Congress to repair this lack of ethics regulation with regard to the Court.
Creating a super-majority requirement for over-turning legislation as unconstitutional, requiring justices (including the Chief Justice(hahaha)) to recuse themselves in case of a conflict of interest, all that appears to be great house-keeping in the top of the judicial pyramid of power.
Justice Thomas in particular has been hearing cases in which his wife Virginia has a serious personal interest for years, and no one can do anything to stop that corrupt activity.
Kay
@J R in WV:
It is isn’t it? It would only apply to federal laws, so in the most recent example the Supreme Court could still say a state voting law passed muster UNDER the VRA, they would no longer be permitted to gut the Voting Rights Act and throw it in the trash. It limits their power. It also forces Congress to reassert THEIR power and start using it the way it was intended to be used, so that’s a side benefit.
We need new thinking.
TomatoQueen
New boy Blackjack curled up in his new bed, a large sturdy felted half-tipi with loose cushion, under which a quantity of loose catnip (Werebear’s best) was sprinkled. He was clearly stressed but bearing up well with the help of catweed. My neighbors demonstrated they are complete assholes one and all, the cops decided not to answer fireworks calls unless works were being shot at people, not buildings (never mind the people inside the buildings), and the mayor’s public answer to my query was remarkably thickheaded. By this morning my Fb feed revealed that this shit went on all over the country to an extreme level that shocked a lot of folks. Every single lost pet notice starting early this morning began “my dog ran away because of the fireworks”.
bcw
Since it’s all in a spreadsheet already, the judge can just add a column with an entry on each line “for jail time.”
Kay
@J R in WV:
I like this too, because Breyer, like so many others in my view, has lost the point of the exercise. He seeks institutional legitimacy for the sake of institutional legitimacy, and he sees only one way to get there- everything must forever remain exactly the same:
They need to be reined in.
Suzanne
@dmsilev:
Risotto is fancy-people food to Trump’s trash. Remember arugula- and Dijon mustard-gates?
Soooo much of our politics is about the fact that we really hold one another in contempt.
CaseyL
If the Trump Crime Family is in bed with the Russians, then Weisselberg might choose dying in prison in preference to seeing his entire family murdered.
geg6
@WaterGirl:
I use it regularly.
Kay
Guffaw. They bled the marks dry.
James E Powell
I read a post at DailyKos on a Pew poll on the 2020 election.
I’m thinking corruption, tax fraud, and the like are good issues with these voters. Better than culture war. Am I wrong?
We need to do more than just hold onto those gains, we need to continue expanding them, but not at the expense of our core issues.
Kay
@James E Powell:
I’m hoping public school parents, who, after all, actually know something about the school their child attends, are not stupid enough to fall for the anti-CRT panic which seems to be the single issue the GOP has settled on. The focus on Virginia isn’t an accident. They think it’ll win them the governor’s race.
Omnes Omnibus
@Anne Laurie: Gifts are not taxable income to the recipient. Gifts over the yearly exclusion amount are potentially subject to gift tax, but that is payable by the donor and there are exceptions. Further, a gift larger than the exclusion amount can be set off against any potential inheritance from the estate of the donor. If that estate is smaller than the estate tax threshold, no tax is owed. And people with sense and generational money do it all with trusts anyway, so no one pays tax and no numbers make into the press.
mrmoshpotato
@Kay: Cry harder, Ghouliani. Enjoy a trial by, well, the rule of law, because Democrats aren’t fascist, Trump-humping shitstains. Lucky you.
Steeplejack
Been saving this tidbit:
Kay
@mrmoshpotato:
8000 wouldn’t even get him a defense for a bigger case in rural Ohio. The going rate is 25, up front.
Where are all his fancy friends?
Kay
@mrmoshpotato:
Giuliani must be particularly bad with money because he has been high level grifting for 20 years and all he has to show for it are big ugly houses with huge mortgages.
Kay
@Steeplejack:
Because of course. That’s in all of these stories somewhere.
Tony Gerace
@JPL: Well, in his fantasy world Trump won the election and still has authority to pardon his cronies. In the real world, he doesn’t.
Bill Arnold
@Kay:
That piece is fascinating; the language style is odd but I don’t read much legal writing. What are the politics of the author? (Samuel Moyn. Read his Wikipedia page of course.)
The bit at the end about “jurisdictional fine-tuning to curtail the Supreme Court’s authority over state law” is noted; such changes do seem a worrying possible outcome (to me at least) in the fullness of time if fine tuning is normalized at all, if regional differences (in legal matters) continue to increase in the US.
James E Powell
@Kay:
And that doesn’t even include the fees for the consultants.
Matt McIrvin
@Anoniminous: That is (a) inconsistent with other reports I’ve read about efficacy against Delta infection which claim numbers more like 80%, and (b) coming via Eric Feigl-Ding who has been generally pushing maximum panic for the past year, so I’d seek additional corroboration.
debbie
@TomatoQueen:
Apparently, shooting fireworks at other people is now a thing.
ian
@J R in WV:
Well, if one of our two political parties wasn’t completely broken, impeachment would be a no-brainer for Thomas. That is what Madison, Hamilton, and Jay figured would have happened to him a long time ago.
goes to show they got some things pretty darn wrong. They figured Congress would act in congress’ own self-prerogatives over party loyalty. That was a doozy of a mistake.
Kay
@Bill Arnold:
I don’t know his politics. He admits there’s risk with any change (which I appreciate) but I don’t think there’s much risk of judicial review of state law being subject to the reforms. I think the bigger risk is what he writes happened in Canada and Israel with reforms like this- the legislature accepted the court’s interpretation rather than take the political risk of actually legislating. The last renewal of the VRA passed with 98 senate votes in 2006. The GOP wanted the court to gut it for them. They didn’t have the balls to do it themselves.
Another Scott
@Kay: There have been occasional ads on the TV here in NoVA (along with the Wimbledon tennis coverage, IIRC). It’s from an obvious GQP front group calling itself “free” something or other even before they start screaming about CRT.
I’m hopeful that people will ignore them I haven’t seen anything to contradict it yet which is always a little worrying, but their black money groups have more than ours…)
Cheers,
Scott.
Another Scott
@Matt McIrvin: The actual news story makes clear the distinction between infection and serious illness – something the tweets elide (as you point out).
Cheers,
Scott.
SFAW
@debbie:
When I was a kid, lo these many years ago, we used to shoot bottle rockets at each other. The stuff in that video seemed to be much heavier “artillery” than bottle rockets, however.
SFAW
@ian:
Not to pick nits, but the GQP (if that’s whom you meant) is not broken. They are, and have been, quite united and proficient in their attempts to destroy American democracy. Whether they are ultimately successful is immaterial re: their “brokenness.”
NotMax
@WaterGirl
That’s two strikes…
:)
Kay
@Another Scott:
The Virginia group is a GOP front. They’re Koch funded. They claim to be “national” but the majority of the people listed on the website are conservative activists based in Virginia. One of them is well known enough as a (generally, and nationally) anti-public school activist that I recognized her name. She’s the lone non-Virginian. I hate-read her Twitter. She went directly from linking to Bari Weiss on “cancel culture” to a paid job inciting the anti-CRT panic. They use the terms “cancel culture” and “CRT” almost interchangeably. Occasionally they throw in some anti-mask or anti-school covid closure. They have a whole list of grievances.
I’m sorry they’re running ads. Not surprised but sorry. Everything I’ve seen has Virginia as the top target. Not a coincidence.
OGLiberal
planetjanet
@WaterGirl:
It would be illegal for Amazon to put the package in the mailbox in the first place. It is likely fake.
Anoniminous
@Matt McIrvin:
“Some of these mutations lead to significant reductions in the neutralization potency of several monoclonal Abs, convalescent sera and Pfizer/BioNTech BNT162b2- or Moderna mRNA-1273-elicited Abs (19, 34–40). The B.1.1.7 variant has become dominant worldwide due to its higher transmissibility (33), underscoring the importance of studying and understanding the consequences of SARS-CoV-2 antigenic drift.”
<skip>
“Using a vesicular stomatitis virus (VSV) pseudotyping system, we observed a 2.2-fold average reduction of Moderna mRNA1273-elicited plasma neutralizing activity against B.1.427/B.1.429 S (GMT: 213) compared to G614 S (GMT: 464) pseudoviruses (Fig. 2, E and F; figs. S1 and S2; and table S3) and a 2.5-fold average reduction of Pfizer/BioNtech BNT162b2-elicited plasma neutralizing activity against B.1.427/B.1.429 S (GMT: 113) compared to G614 S (GMT: 285) pseudoviruses (Fig. 2, G and H; figs. S1 and S2; and table S3). We also analyzed plasma from 18 individuals, 5 of whom were previously infected with wildtype SARS-CoV-2, who received two doses of Pfizer/BioNtech BNT162b2 vaccine and whose samples were collected between 14 and 28 days after booster immunization. We compared the neutralization potency of Pfizer/BioNtech BNT162b2 vaccine-elicited Abs against D614 S, B.1.427/B.1.429 S, B.1.1.7 S, B.1.351 S and P.1 S VSV pseudotyped viruses using Vero E6 expressing TMPRSS2 as target cells. GMTs plasma neutralization potency was reduced 2.9-fold for B.1.427/B.1.429 S (GMT: 197) compared to D614 S (GMT: 570), which is a comparable decrease to that observed with B.1.351 (GMT: 180, 3.2-fold reduction) and greater to that observed with B.1.1.7 and P.1 (GMT: 450 and 330, 1.3-fold and 1.7-fold reduction, respectively) pseudotyped viruses (Fig. 2, I and J; figs. S1 and S2; and table S3). These data indicate that the three B.1.427/B.1.429 S residue substitutions lead to a modest but significant reduction of neutralization potency from vaccine-elicited Abs.”
SARS-CoV-2 immune evasion by the B.1.427/B.1.429 variant of concern
Another Scott
@planetjanet: USPS delivers at least some packages for Amazon. But, I agree it shows a lot of signs of being fake.
Cheers,
Scott.
Matt McIrvin
@Another Scott: Personally, I really don’t want to even get a “mild” COVID infection–they can be bad news–and there does pretty clearly seem to be some reduction in efficacy against infection by Delta, so I do regard the CDC’s guidance that vaccinated people just don’t have to worry about masking and distancing as obsolete.
Peter Hotez has been recommending revised guidance in which they tell people to look at infection rates in their area before deciding what to do in indoor public places. This seems sensible to me.
Matt McIrvin
@Kay: My parents live in a small town in Virginia, and they invited me to a Facebook group about goings-on around town. I noped out of there recently when the group was suddenly full of people freaked out about Critical Race Theory in their schools. Didn’t feel comfortable telling them off because it’s not my town, or even my state any more–as an outsider living in Massachusetts I’d probably just antagonize them. But I just don’t have time for this.
Another Scott
@Matt McIrvin: I still wear a mask everywhere myself. I might change when VA infection rates are below 0.1/100,000 and no deaths in VA for a week. We’re not close to that yet.
I got the flu in the summer at the end of a trip to Nara, Japan a couple of years ago. It was a miserable time and took 2-3 weeks before I was close to normal. Covid isn’t the flu but can have similar symptoms (rarely even when fully vaccinated). Continued mask wearing seems like incredibly cheap insurance to me when so many aren’t vaccinated…
Cheers,
Scott.
2liberal
@WaterGirl: mail stealing karen is a Fake!
https://leadstories.com/hoax-alert/2021/07/fact-check-mail-stealing-karen-video-is-not-real-it-is-joke-made-by-tikok-account.html
VeniceRiley
@WaterGirl: that Karen vid is a tik tok spoof
.yellowdog
@Another Scott: The problem is that an increase in cases, whether serious or not, will provide a bigger pool for the evolution of new, possibly worse, variants.
Uncle Cosmo
And it’s just as bad on this side of the aisle as the other. So many of yinz luuuuuuv to point at and mock the tastes of “Trump’s trash”. Like eating T-bone steaks well done with ketchup. That made me shake my head in dismay. What the fuck business is it of yours what any other human being stuffs down their piehole? The only justification that makes any sense is that you’re all pissed off that some very rich people make a lot of $$$ selling lots of low-quality stuff at a yoooge markup to “Trump’s trash” that they gobble up because it tastes good to them, and it just shouldn’t be allowed – not just the “selling” but the “tasting good.”
The truth is that most of you Jackals are snobs. Food snobs, book snobs, film snobs, travel snobs, even pet snobs (“Trump’s trash” shouldn’t be allowed to have animals because they can’t possibly be trusted to take care of them properly). Do they hate you for it? Of course they do – because you strut about as if you were the rulers of the cultural universe telling them that their tastes prove they’re shit.
I grew up with the kind of folks yinz are happy to call “Trump’s trash” (while chortling, of course), and remain friendly with many of them. I am morally certain that the forces of reason and decency could reach and move many of them – once the people allegedly representing those forces relinquish their arrogance. But that won’t ever happen; too many of their “cultural betters” are too invested in their alleged wonderfulness to make any effort to understand them. You all are more than happy to whip out your Sharpies and write them off by scrawling a single catchy word over their foreheads (“bigot,” “fundie,” “Nazi,” etc.) – and then whine your arses off over the completely understandable fact that a third of the population hates you for everything you do to turn them into unpersons, and every individual one of them has as many votes as each individual one of you.
NotMax
@Uncle Cosmo
Speaking only as an individual, I don’t begrudge anyone their tastes in things cultural, so long as it does not impinge on (or worse, deny or exclude) that of others. At the same time have no reticence about waving the flag for and sharing my own, from the mundane to the pecuiar. It takes all kinds to make a horse race.
Any cultural appreciation beats the pantaloons off of none, and there’s a panorama of degrees of difference between snarkery and snobbery.
WaterGirl
@geg6: Yay, you!
WaterGirl
@planetjanet: I sometimes receive orders from amazon through the US mail, in which case those packages most definitely go in the mailbox.
WaterGirl
@2liberal: @VeniceRiley:
I updated the comment where I added the tweet.