The MeidasTouch Podcast - Trump’s BIGGEST SCHEME Yet Finally UNCOVERED?!

Episode Date: April 11, 2024

MeidasTouch host Ben Meiselas investigates whether Donald Trump’s Political Action Committee payments for his personal benefit constitutes valid political exemptions or unreported imputed income to a massive shocking sum. Visit https://HensonShaving.com/MEIDAS to pick the razor for you and use code MEIDAS for 2 years worth of free blades! Visit https://meidastouch.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown Lights On with Jessica Denson: https://www.meidastouch.com/tag/lights-on-with-jessica-denson On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Learn more about your ad choices. Visit megaphone.fm/adchoices

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such as being eligible for below market rate housing or other benefits, or you can avail yourself of certain services, that can become taxed. So I want you to remember that concept. That's going to be important in a moment, imputed income. Then let's take a look at the way political action committees or PACs, super PACs, committees like the Republican National Committee, the RNC, how are they structured? They are tax exempt entities. A political organization subject to Section 527 is a party, committee, association, fund, or other organization, whether incorporated or not, organized and operated, this is important, primarily for the purpose of directly or indirectly accepting contributions or making expenditures

or both for an exempt function. An exempt function. Now, what is an exempt function for political organizations? The exempt function of a political organization is influencing or attempting to influence the selection, nomination, election, or appointment of an individual to a federal, state, or local public office or office in a political organization. The election of a presidential or vice presidential electors is also part of the exempt function of a political organization. Now, let's put these concepts together, though, and apply them to Donald Trump.

Donald Trump's political action committees have been paying for Donald Trump's legal bills. Donald Trump's political action committees have been paying for Donald Trump's private jet. Donald Trump's political action committees have been paying for Melania's hairstylist. Are those things exempt functions under the IRS definition or are they more like imputed income, right? Donald Trump has directed, let's talk about the legal fees, somewhere between three and a half, and it could be as much as $5 million to Alina Haba alone. Think about all of the other lawyers Donald Trump's political action committees are paying in cases that, in my opinion, have absolutely nothing to do with exempt political functions. In my view, they more resemble imputed income, right? You have a

political action committee that is paying for Donald Trump's legal services in the case that's coming up, a hush money payment case. You have Donald Trump's political action committee making payments in the, as far as I know, this is, I think, the understanding. The last time I checked, I could be wrong, but I'm fairly confident this is the case. It's all blended together. In the E. Jean Carroll case, I mean, you look at how Alina Haba is getting paid and how Joe Takapino was getting paid and how Christopher Kice is getting paid in the New York Attorney General civil fraud case, believe that money is coming from the Political Action Committee. And if indeed, that's how Alina Haba is getting paid. And I believe that is how she's getting paid. But I'm subject to, you know, you correcting me on that.

I mean, you see how she's getting paid. I mean, think about the cases Alina Haba has been on so far, right? Alina Haba has been on the E. Jean Carroll case. Alina Haba has been on the New York Attorney General civil fraud case. So what cases is she supposed to be in as it relates to the election? But notice what Donald Trump did with Alina Hoppe. Did you notice this? Remember how he also appointed her to a role as a spokesperson for the Political Action Committee? Why would he do that? Because, and when Donald Trump holds campaign events at the courthouses in the E. Jean Carroll case and at the New York Attorney General civil fraud case and all of these other cases, because I think there's an important distinction right here, is that imputed function type money, in which case it's tax exempt

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Just make sure you add them to your cart. That's 100 free blades when you head to h-e-n-s-o-n-s-h-a-v-i-n-g.com slash Midas, M-E-I-D-A-S, and use the code Midas. That's henshinshaving.com slash Midas and use the code Midas. We know that Donald Trump does not like to pay taxes, right? Trump's tax return reports are out. And in 2015, Donald Trump declared, let's take a look at 2016, 2017. So in 2016 and 2017, Donald Trump claimed $750 in income taxes. In 2017, $750. In 2020, Donald Trump paid $0 in federal income taxes. I'm willing to make a wager that you paid more money in federal income taxes than Donald Trump, who purports to be a billionaire. I just want you to think about that. So we know that he doesn't want to pay taxes. Now, what would be the best vehicle for

not paying taxes? Tax-exempt organizations like political action committees that you don't pay taxes on, and then use the political action committees to pay your lawyers and legal fees. But here's the thing. Why isn't that viewed as imputed income? Why isn't that viewed as taxable compensation? In my opinion, again, this whole piece is my opinion, and it's subject to your opinion, and you could disagree. It would seem to me that this is income that would be taxable for Donald Trump, and that this is a way to avoid paying taxes. Now, is that unlawful or not? I think that that's for criminal prosecutors to look into and investigate, but I think

it certainly raises red flags. You think about what the Trump initial felony tax fraud case was all about that Allen Weisselberg pled guilty for and the Trump organization was convicted of felonies. People forget that. I know the media wants to pretend that didn't happen. The Trump organization is designated as a felon. The Trump organization is a felony organization, found responsible for over a dozen felony counts. Alan Weisselberg, the chief financial officer, pled guilty recently to felony perjury, but before that, felony tax fraud. And one of the issues there was this issue of imputed income and fraudulent benefits and the way the taxes were fraudulently characterized. That was one of the main issues there. Now, let me show you what Alina Haba said.

This is how we kind of piece this together. This is from a few months back where Alina Haba defended Trump spending $40 million of campaign donor money on lawyers saying it's not illegal. When I first watched that, I didn't pick up like that part of it. It's always a tell when they have to say that's not illegal is one of the things that make me believe that there's a big red flag there. Remember this clip? Play it. There's nothing illegal about this. And when you support the president, you support getting him into office.

I think the one thing we can all agree on is they've weaponized the legal system to prevent him from getting into office. So the defense of the same, I don't see as problematic. And I know that legally it's not. And that's really all I'm going to say on that. But if you look at the same, I don't see as problematic. And I know that legally it's not. And that's really all I'm going to say on that. But if you look at the numbers, I think it's just completely disgusting. But I also invite the public to look at the numbers that the DOJ is spending attacking. Here's another interview with Alina Haba and Maria Bartiromo.

Here's another, just delete that part. Here's another interview between Alina Haba and Maria Bartiromo, where she talks about that. Here, play this clip. Alina, let me get your take on the money being spent here on legal fees. Did you hear what Congressman Byron Donalds just said? He said that he believes the strategy of the Department of Justice is to bleed Trump dry, to bring so much legal issue and problems to Trump that he has to spend all of this money on legal fees. You are the general counsel of his super PAC. The Wall Street Journal is reporting that the political committee has spent more than 40 million dollars this year on legal fees as he and a constellation of advisors have been swept into these various investigations. How much has it been and how are you directing the money

in terms of paying for legal fees? Tens and tens of millions of dollars. And I do think that that is part of the strategy. It is incredible. They have brought in people like myself who have nothing to do with these cases. I was not part of the administration just so that lawyers have to get lawyers. And these lawyers cost money. And when you take a broad net and you try and intimidate anybody who is part of his circle, whether I couldn't even say inner circle, Maria. It's gone further than that. You know, the valet at Mar-a-Lago, the chefs, the whatever. It's crazy. And it is on purpose.

Nothing they do is not intentional. It's calculated. And it is to make him bleed. The problem is that President Trump is independently wealthy as well, and they forget that. And he has said at rallies, I will do whatever it takes.

If it means I have to spend my own money, I will. He is very protective and kind and generous. And at the end of the day, they're going to try and take him down financially. And that's just, frankly, not a good angle. I don't know if they've seen his wealth, but it's probably not the best angle to go at. So friends, I'll let you decide. And I'd love to hear from CPAs. I'd love to hear from people in the know here what you think and put that in the comments. But the question is, when you have Lara Trump and the RNC also saying that they're going to spend money on all

of these Trump things, Is that just a way that Donald Trump does what he's always done as well? Yes, grift. But is it also part of a more elaborate tax avoidance scheme going on? And again, we could all have different opinions here. But I would just leave it at this. I don't know if it's criminal, so I want to be clear on that. But I will say it raises a lot of red flags, and I hope we were able to uncover that together here. What are these just vehicles for him to not pay taxes? Is that why he's doing this all? Occam's razor. Sometimes the simplest explanation is the answer. We've all been saying, oh, he's also running to, he's running for office to try to avoid,

to try to avoid criminal charges. But what if he's also doing it to avoid paying taxes? Hit subscribe, we're on our way to 3 million subscribers, thanks to your support. Love this video? Make sure you stay up to date on the latest breaking news and all things Midas by signing up to the Midas Touch newsletter at MidasTouch.com slash newsletter.