would sort of require that, would lead that to that because i ap a serious enough set of allegations? it is and i think the irs would be inclined to look at the way this impacts a number of people and not just the president. so there are a couple of basic tax concepts that you need to understand to realize why this is such a big deal. one of them is that earned income is taxable. so if you ve earned money by doing something for someone, it s taxable to you. when i look at the trump foundation s 990s, it looks to me like business associates of the president were paying money into his foundation, perhaps in place of money that they owed some of his business entities. the impact of that is two-fold. it means that those people who are paying the money to a 501c3
the way this impacts a number of people and not just the president. so there are a couple of basic tax concepts you need to understand to understand why this is a such a big deal. one of them is that earned income is taxable. so if you have earn money by doing something for someone, it s taxable to you. when i look at the trump foundation s 990s it looks to me like business associates of the president were paying money into his foundation, perhaps in place of money that they owed some of his business entities. the impact of that is twofold. it means that, you know, those people paying the money to a 501 c 3 charitable organization get a deduction for making a charitable contribution that isn t real. and the entity that should have been picking up the income isn t picking up the income and paying tax on it.
when i look at the trump foundation s 990s it looks to me like business associates of the president were paying money into his foundation, perhaps in place of money that they owed some of his business entities. the impact of that is twofold. it means that, you know, those people who are paying the money to a 501-c-3 charitable organization get a deduction for making a charitable contribution that isn t real. and the entity that should have been picking up the income isn t picking up the income and paying tax on it. you ve got that set of problems. plus, on the political versus charitable contributions side, political contributions are not deductible. charitable contributions to a 501-c-3 are. and if you look at the list of donors that are listed on the trump foundation tax returns, the same names that are probably