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If the Trump hotel charged the inaugural committee above-market rates, it could violate tax rules, according to Owens, the nonprofit tax expert who is now a partner at the law firm Loeb & Loeb.
If a person with “substantial influence” over a nonprofit group charges the group above-market rates in a transaction with their outside business, the IRS can impose steep fines. In this case, Donald Trump could qualify as a person with such influence. Should the tax agency find that a violation occurred, the Trump Organization would have to refund any overcharge and the inaugural committee would be hit with a 25 percent tax on the money, Owens said.
In an email to Ivanka Trump and Gates, Wolkoff, who had previously managed the Metropolitan Museum’s annual gala and fashion shows at Lincoln Center, expressed discomfort with the price.
“I wanted to follow up on our conversation and express my concern,” Wolkoff wrote in the December email.
“These events are in PE’s [the president-elect’s] honor at his hotel and one of them is for family and close friends. Please take into consideration that when this is audited it will become public knowledge,” she wrote, noting that other locations would be provided to the inaugural committee for free.
“I understand that compared to the original pricing this is great but we should look at the whole context,” Wolkoff wrote, suggesting a day rate of $85,000, less than half of the Trump hotel’s offer.
originally posted by: Propagandalf
You can be anti-Trump all you want. But pretending that being anti-Trump is an unpopular opinion is utter nonsense. I just can’t believe that you’re opposing the narratives when you’re repeating the same narratives as everyone else.
originally posted by: angeldoll
As far as the price gouging....
Emails show that Ivanka Trump connected Gates with Mickael Damelincourt, managing director of the hotel. Damelincourt responded with a new rate of $175,000 per day for use of the Presidential Ballroom and meeting rooms, offering a $700,000 charge for four days of use.
www.huffingtonpost.com...
Other sources report the Ballroom typically rents for $85,000 per day.
lol
originally posted by: angeldoll
originally posted by: IAMTAT
originally posted by: burdman30ott6
originally posted by: IAMTAT
Re: Trump cashing in on his election:
"If I'm elected president, I'm accepting no salary."
-Donald Trump
First President in modern history to see his net worth drop considerably while in the office, and he's called the guy who's trying to profit from the presidency... The jokes about Le Resistance really do write themselves, don't they?
Michelle Obama had herself a staff of 24 paid attendants.
Melania Trump has 4.
Trump spends $5M LESS than Obama on WH salaries.
Yeah...the orange one is milking the taxpayers for everything he can get.
Okay, I'm sorry I just can't help myself. What do those four attendants do? Help Melania swipe Michelle's speeches, steal her "Be Best" idea from Obama's staff for her, and pick out her lovely jackets with slogans?
Michelle was all over the globe with sweetness and light. Seriously, like other first ladies' Michelle took her role seriously, and wasn't just trying to 'suffer through it' as clearly Mrs. Trump is doing, and very rarely tries to hide that fact.
A lot of his golf outings have involved international leaders and deals are made on the greens...
originally posted by: pavil
a reply to: angeldoll
So......all other places in DC weren't charging primo pricing for the Inauguration? THey were just letting people stay for free? No Peak Pricing was happening?
The emoluments clause, also called the foreign emoluments clause, is a provision of the U.S. Constitution (Article I, Section 9, Paragraph 8) that generally prohibits federal officeholders from receiving any gift, payment, or other thing of value from a foreign state or its rulers, officers, or representatives.
originally posted by: samuelsson
a reply to: CynConcepts
Sorry the statement from that poster
"Michelle being all over the globe spreading sweetness and light"
Tells you how drunk she is on the kool aid. But I thank her for the laugh
How people can write # like that and expect to be taken seriously?
Obama was probably the bestest president ever in her eyes.. And Orange man bad.
originally posted by: 3NL1GHT3N3D1
a reply to: Propagandalf
Unpopular where? Here? Yeah, compared to the absolute undying devotion to Trump he majority of members on these boards hold it is an unpopular opinion, on these boards. When have I ever said that hating on Trump is unpopular in general? Never.
Look at the front page every single day and tell me what the majority of threads are about. If you're honest you'll admit they are right leaning threads which get the most support.
originally posted by: 3NL1GHT3N3D1
a reply to: Propagandalf
So that must be why Trump won nearly half the popular vote (if the numbers can even be believed), because all those things influenced everyone so much that he won! Right?
You realize that "alternative" media is just as popular if not moreso than the so-called "mainstream" media? Stop letting paid shills in the media and Hollywood blind you from the fact that Trump is one of them and has been for decades.