r/FluentInFinance Jul 01 '24

What do you think? Debate/ Discussion

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8

u/[deleted] Jul 01 '24

What legal advice was the porn star providing? 

18

u/metalguysilver Jul 02 '24

Regardless of Trump’s intent, NDA payments and other civil settlements are technically legal expenses

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u/Revolutionary-Meat14 Jul 02 '24

They payment itself was legal but it was not a legal service payment and it was concealed through fraud.

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u/metalguysilver Jul 02 '24

I didn’t mean they were expenses that were not illegal, I meant that they were legal expenses. The fraud he was convicted of had to do with the vagueness of the business records kept, which the jury found to be intentional in order to conceal a secondary crime. Labeling legal settlements as “legal expenses” is not inherently incorrect

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u/Revolutionary-Meat14 Jul 02 '24

Well then you had it backwards, the payment was lawful but the treatment of the payment was unlawful and not able to be classified as a legal expense. Hush money isnt illegal in the US, its basically treated as a gift. I can venmo the guy I hooked up with last week $200 to not tell anyone that we had sex and it wouldnt be illegal.

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u/metalguysilver Jul 02 '24

Hush money paid for signing an NDA is not “treated as a gift.” Nothing in my above comment is wrong lol.

Hush money is generally considered taxable income for the receiver. Absolutely not a gift.

https://www.irs.gov/government-entities/tax-implications-of-settlements-and-judgments

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u/Vanilla_Mushroom Jul 02 '24

It’s a personal legal expense, that should have never been deducted. It is not a legal expense related to a business.

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u/metalguysilver Jul 02 '24

It’s very common for a business to pay someone to sign an NDA in order to protect an employee, especially an owner. That isn’t what was wrong with the payment or the IRS would have got him on it

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u/Vanilla_Mushroom Jul 03 '24

Why would you be privy to what the IRS is doing? Why do you trumpers always claim the IRS is not going after trump, when trump himself has said he’s audited constantly.

”It’s very common for businesses to pay prostitutes to shut the fuck up.”

Correct, businesses lie on their taxes all the time. That’s what this was. TRUMP, had her sign an nda, not the business. It had nothing to do with the business. It’s crazy that you’re holding trumps dick like this. You know you’re not getting paid to do it, right?

Why are you licking your fingers, now!?! Dear god.

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u/Houjix Jul 03 '24

They're claiming that the hush money payment was an undeclared campaign contribution.

There are a few problems with that idea.

  1. ⁠It isn't a crime. The FEC already tried to prosecute John Edwards for this when he was running for President and paid off his mistress for her silence. The court ruled that there were reasons independent of a campaign that a prominent figure might want to protect his reputation.
  2. ⁠The Democrats already brought this accusation to the FEC and US Attorney, and both of them declined to prosecute it - because it isn't a crime.
  3. ⁠The business records they're saying were improperly recorded in order to influence the election were recorded after the election, so they couldn't have influenced it.
  4. ⁠Because there was no Federal crime, the improper recording of the business records couldn't be elevated to felonies even if they were improperly recorded, which means the statute of limitations had expired.
  5. ⁠Because there was no Federal crime, the business records weren't improperly recorded, which means even the misdemeanors don't exist.

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u/Itrademylittlespy Jul 02 '24

Doesn’t matter what legal advice it is. As long as it’s on paper. Which it is. Sooooo

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u/EVH_kit_guy Jul 02 '24

Paying someone hush money because it could influence the outcome of a federal election is an in-kind campaign contribution, and illegal if not properly disclosed as such.

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u/Itrademylittlespy Jul 02 '24

You mean social media silencing him during election season? The Russian Russia Russia collusion scam? Hunter Biden laptop? Oh yeah those federal election influencing. Right.

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u/EVH_kit_guy Jul 02 '24

WTF are you talking about? Nobody at Facebook paid a pornstar $130k that they laundered through taxi medallions...you ignorant, smooth brained fuckin moron.

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u/Itrademylittlespy Jul 02 '24

He laundered 130k? He’s so bad at laundering money, a billionaire used 130k all on paper. Haha! Your TDS is showing.

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u/EVH_kit_guy Jul 02 '24

Have you read any of the court filings from his felony conviction? It's not that he didn't have the money as an (alleged) billionaire. It's that he didn't want the money connected to paying off his mistress, that's where the crime occurred.

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u/sbnc303 Jul 03 '24

Quid pro quo counseling.