Trump IRS Deal, Spurs Game 4, Memorial day

This week the podcast discusses the news of Trumps IRS settlement. What does justice mean in the USA now? and how this this signal to the world what we value? 

https://www.foxnews.com/politics/trump-doubles-down-1-8-billion-slush-fund-killed-his-agenda-spurred-republican-rebellion

https://www.cnn.com/interactive/2026/05/politics/donald-trump-irs-settlement-annotated-vis/

Transcript

SPEAKER_00 0:02

He doesn't want the American people, all of you watching tonight, to know that he's pay nothing in federal taxes because the only years that anybody's ever seen were a couple of years when he had to turn them over to state authorities when he was trying to get a casino license, and they showed he didn't pay any federal income tax.

SPEAKER_02 0:21

So hey everybody, this is the Only Dance Podcast. We're gonna be going over a few topics today. We're gonna be going over the IRS settlement with Trump, and we're gonna be going over the uh Spurs game. It's obviously game four was last night, and it was amazing. Uh and then we're gonna end on some other stuff. But what I just played for you guys just now was a clip from the 2016 presidential debate between Hillary Clinton and Donald Trump. And this debate was a hot topic on taxes. And why did I play this? Well, because I I wanted you guys to see why, or you know, refresh everyone's memory on Trump admitting he didn't pay any federal income taxes on his taxes, and that's why he hasn't released his tax returns. And he's saying he's smart. And he said he was smart because of it. Me personally, I don't think that makes you smart. I think that makes you a crook. And I don't know about you, uh our listeners, ask yourselves this how much have you paid in taxes? You know, when you file your tax return every year. And I know Ricky, one year you had to pay a dollar, and but you still paid, you know, and and you're like nowhere near the wealth as Donald Trump. And you're like many Americans have to pay some money. Sometimes you get a refund back, but that's money, you're just getting money back that you're already paid in that you're old because of you know the claim of the child income tax credit and things of that nature. And why I bring this up is because on Tuesday the IRS agreed to drop all pending probes of Trump over whether he's paid his fair share share of taxes. This is to settle a lawsuit that was brought by the president when uh independent contractor leaked his tax returns. Now we went over this. No, it's bad that he le the tax returns released, and that guy's in jail. He's serving time, prison time, rightfully so, because he shouldn't have. Even though you're the president, you still deserve uh a monocome of privacy. Now, it's been the norm for candidate, major political candidates to release their tax returns. Trump changed that and he said, I'm not gonna release them. And I will note now he's been in office. This is his second term, we're halfway through his second term, and he still has not released his tax returns. So you know, do with that what you will, even though he said he was. And not only has he not released his tax returns, he got this settlement with the IRS that wreaks of special privilege, that wreaks of a sweetheart deal. Because I think what Trump Todd Blanch and the DOJ agreed to settle this lawsuit before the judge uh was able gonna rule on it. Now, if the judge was able was going to rule on it, Trump wouldn't have not had standing. There's statutes of limitations that if there is wrong, you know, you Ricky understands the statute of limitations, is alright. Let him do a little more explaining on that. But once that window is gone, then you literally have no case, you have no standing, you can't bring this lawsuit. Trump being a head of state in its own right, can't really sue himself. There are so many different ethical issues that it wouldn't have passed muster, and it would have been it would have been dismissed. But because Trump has Todd Lanch at the Justice Department, who's like, oh, let's get this, let's get this deal going on the books because this is the only way this is what it was all along. And it's a $1.7 million seven billion dollar fund that will allow DOJ to settle on pay cases. Now, this is a slush fund for all those people that felt wronged by the Biden administration, which is I think rich. Because if you guys look at the January 6th uh insurrectionists, these guys can claim certain things. The Mike Lindell, my pillow guy, can claim different things. And I and I think I don't know about you, but that pisses me off as an American. And just Ricky, kind of what are you what are your thoughts on this?

SPEAKER_01 4:38

So you get a couple things. Uh so the statute of limitations, typically for a civil lawsuit's two years. That's just kind of the generic one. Now, criminal looking could go on forever. Like, for example, murder doesn't have a statute of limitations. Um, but for the most part, civil litigation is kind of limited to two years. And so what Trump did in his $10 billion lawsuit was sue the IRS, saying that they breached their duty to maintain, you know, the privacy of his uh tax returns. Now, that guy, by the way, he was sentenced to five years. I just looked it up. Um, which is crazy when you think about he came to justice before anybody on the Epstein list. Let's just say that. I'm just gonna not never drop the Epstein files. But so, okay, so now he's in jail. So that's justice, okay? Now you bring up a good point. Trump's gonna bring this lawsuit before he gets to the judge. There's a lot of legal issues. Like you said, first of all, you got statute of limitations. There may be a way around that. There's a couple different like uh exemptions that you can claim. But the other thing that's interesting is you know, you bring up a good point of can you sue yourself? Is this a uh conflict of interest? Because Trump, as being president, he assigns the um the heads of these agencies, right? He is the chief executor, right? He is in charge of all the agencies and all their heads. Whoever the department head of the IRS is, they're gonna feel pressure. So, in that respect, it probably won't pass, you know, constitutional muster. Like, can you sue yourself? That's a big question, you know, because then he could just go after anybody in his administration that he doesn't like. He would he would sue Jeremy Powell, you know what I mean? If he could. Uh now he's out, so he's not gonna sue him. But that that brings up a whole other issue. And so before these issues can even be litigated, can even be argued, they settle. And so I think what Trump did was a very much uh like a checkers move, right? Um, not chess. I don't think it was that complicated, but it was just like, I don't want y'all to ever look into me. So what I'm gonna do is I'm gonna sue you for something else, right? And the something else was the leaking, okay? Now, he, you know, this leaking, whatever, like you said before, it's not necessarily a good thing. Now, the guy who leaked it um is like an ethical hacker, I guess you could call him, but he worked for the IRS and he leaked this information to the New York Times in 2020. And he did it for not just Trump, but for a lot of people, right? Because people aren't paying their fair share in taxes, and it we should know as an American population, like who the fuck is and who the fuck is not. But regardless, uh, so you know, you have this thing where it's kind of like you wronged me in this one small way, and in order for you to pay me back, you're gonna give me all this other stuff, right? Which is fucking crazy because basically what he's doing is the IRS is never gonna be able to prosecute him for uh, you know, basically any type of tax evasion, tax fraud, they're not even allowed to look into him for anything in the past, which is absolutely fucking bananas, and it's not just him, it's just him, it's his family, it's his sons, it's his companies, it's trust, basically anything that's remotely associated with Trump, they bet they basically have immunity. Now that's fucking crazy because I've always been told in two in life there's two things you can't avoid that's death and taxes. So apparently, if you're fucking Donald Trump, you can avoid taxes, which is bullshit because, like you said before, I had to pay a dollar, and guess what? I'm gonna pay that fucking dollar because that I have to, you know, and you know, people are living on Social Security and they're still getting tax on it. People are living on retirement and they're still getting tax on it, people are living off fixed incomes every day and they're being taxed on it. Even people who are getting tips, no tax on tips is bullshit. It's only it only limits it to like 20,000 or 12,000 or something like that. So like if you could live off 12,000, like there's no way that's the amount of money that you want to get um exempt from taxes. It should be no if it's gonna be no taxes on tips, like make it higher, you know, make it a living wage, you know, let's say 50,000, because I don't think you could do it to 100,000 because then people start instead of getting paid, they start getting tipped, and then you evade taxes that way. But 12,000, I think it's like 12,5. But you know, all that to be said is they're always finding a way to fuck over the regular people and to squeeze the regular people, nickel and dimas, uh, in terms of taxes. But when it comes to the rich people who have the money to afford it, you know, it there's just like rules for thee and not for me kind of thing. And this is just typical, you know, uh powerful kind of shit that's just always happening in the background. And you know, to Trump's credit, in the very beginning, and I'm talking very, very beginning, like 2015, when he was having this discussion with Hillary, he's like, that makes me smart. At least he admitted it, right? And so he's like, Yeah, I don't pay taxes, which is kind of weird because if if he admitted he didn't pay taxes, why would he be so hesitant to bring it up? Which means that there's something else there. It's not just a month, it's not just a zero that he's trying to hide, he's trying to hide something else. And what I think it's Russia connections, connections with four nations. I think that's what he's trying to hide. That's why he's so desperate. That's what I personally think.

SPEAKER_02 9:35

No, I and I think you're on the right track, Ricky, because you you talked about it. Like, you know, what is what does he have to hide? And what is he hiding if it's not nothing else? Because we already know he doesn't play claim uh federal, he has he pays zero on federal income tax because when he tried to get that casino, he had to release the information he's on record not paying, and he's omitted it. And I think what is the telling sign in all this is the immunity deal. And I'm gonna read from an article because I don't want to get this wrong. Under the settlement to resolve Trump's $10 billion billion dollar lawsuit over the 2018 leak of his tax returns to the New York Times, the U.S. is forever barred and precluded from examining or prosecuting Trump, his sons, and the Trump organization's current tax filings, according to a one-page document released Tuesday. This was quietly added to an original settlement establishing a $1.8 billion fund to compensate people with whom Trump thinks were improperly investigated by the government. See, that's the the quiet part that's getting told out loud. The 1.8 billion took the the headlines, and it was like 1.776 because of 1776, you know, that kind of BS. But that why would you want that? Uh if you're not trying to uh hide from previous crimes. And I think that's what it is. If the if it's about the you know, you think the people who unwrongly, you know, compensated or need to be compensated, okay, and then just add that, just have that. Why add that you can't be barred? You're barred, you're forever barred and precluded from examining or prosecuting Trump. That tells me that he knows he did wrong, and he's trying to give himself out while he can't. While he's this is and this reeks of you know impropriety, this reeks of nepotism, this reeks of you know, using the the position of the office. Uh there's just so many uh things that it doesn't pass a smell test, and it's wrong on so many levels. And it pretty it pretty much says, look, I'm better than you, and and that's the way it is. And just slapping in the face of the American people, and it should and it should piss you off. It pisses me off. And because I'm not above the law, he's not supposed to be above the law. This it pretty much says I'm above the law, I'm I'm the guy in charge. I I can do whatever I want. My family's better than your family. We just you know, it's what we roll, and it should piss you off. And then and if it doesn't piss you off, then maybe we're not doing a good enough job of explaining why. And you should probably do your own research. But really dig into that because if we did something wrong, you know, no matter how long, if it's a criminal, then we're gonna come out to us. This guy, you know, you know, he has a get out of jail free card, he gets the equivalent of a get out of jail free card. And I think that's what I want our episode to be pinned on like a monopoly get out of jail free card. But uh, Ricky, what's our next topic?

SPEAKER_01 12:28

So the next topic is gonna be, or well, before we go on, I want to say one last thing. You know, if for anybody who's ever gotten in trouble, right? Think about a time where you've gotten in trouble, and maybe the person that was with you at the same time didn't get in trouble. And there was like this angry feeling, right? That's called injustice. And where you're or maybe you didn't do something and you were accused of it, and you got in trouble anyway. You know, you're with your friends, and this person stole the candy and you didn't, and then both of y'all get in trouble, but for some reason, you know, they're gonna charge you for it, and he doesn't get charged for it. Like, that's gonna piss anybody off, right? That's that's just natural, right? There's this natural thing in us that says there is justice in this world, and if there's not, then there needs to be some kind of repercussions for it. And right now, this administration specifically is kind of like shitting on us. Um, and the people that support him, they're always gonna support him, which is kind of crazy to me. But I think a big reason why that slush fund thing was created was because that enables Trump to verbally say, I didn't even take the money, right? He can say that now, which is a pretty smart thing as a as like a politician, right? Say, like, I won my lawsuit, they wanted to give me billions of dollars. I said, I won't take it. That's for the people, and everybody's gonna clap. You see what I'm saying? But that's not why he did it, he did it because he wanted this immunity deal. And so it's just such a and it's right there in the open, it's right there for us. Anyone who can look and see and say, like, this is why it happened. But the people that aren't gonna look deep into it, the people that are just gonna look at the value, like the face value of it, they're just gonna eat it up. And the only thing we could do is fucking vote him out or vote the Republicans out, the people who are letting this happen. I'm talking to congressmen, the senators, the people that are just allowing this abuse of power to take place and to not stand up to him. Um I think next episode, maybe we talk about uh Thomas Massey because that was a big deal. He was one of the few Republicans to stand up to him, and he just lost his primary, um, which is a big deal. But we can we can get into that in a different episode because that's a big deal. Um, but the next topic is gonna be game four, San Antonio Spurs versus Oklahoma City Thunder, the raining champs, the Thunder. Um, what ended up happening was the Spurs won game one, crazy classic game, right? We talked about it. Double overtime, right? Wimby hitting this fucking three from like almost half court, fucking crazy. Sends it to the top to double overtime. San Antonio Spurs win. It's a fucking amazing game. Game two, a lot closer. I think the uh Thunder won by like seven or something like that. Um, but it was a lot closer, and it was kind of like, okay, well, of course they're gonna win one. But then game three happened, and game three was a lot more one-sided, I think, than the score led on. Uh, Thunder won by, I believe, about 15 points, but they were from what from I because I remember watching it, was they were it they were kind of in control of the game. Now it was pretty close the entire time, but it always felt like the thunder had the uh the gas, and uh Sensor was trying to catch up, and then the Thunder would press the gas and then back and forth. And so it was kind of like not very good. And Wimby didn't really do good, uh, you know, he didn't have a really good game. They were being really physical. Um, a big topic of discussion was the fouls. You know, a lot of people were saying that, uh, and you know, myself included, were saying that Wimby was being fouled down in the paint, and it wasn't being called, which is whatever, it's playoffs. But the thing is that the San Antonio, uh the Oklahoma City Thunder were getting calls for stuff that were was not aggressive fouls. So, you know, we've talked about this off-air where it's like, okay, well, yes, it's playoff basketball. And Charles Barkley said this on his on the on inside the NBA was, you know, this is playoff basketball. These aren't hard fouls. I agree with you, Chuck, 100%. You're correct. So then why are we giving those calls, those exact same calls, to the dunk there? Why are we you you see what I'm saying? It's not that we're missing calls, it's just that the uneven nature, again, this goes back to the justice thing where it's like if you're gonna call it, if you're gonna call balls and strike, at least do it evenly on both teams. And you know, game four saw a little bit of uh like kind of let them play, and I like that. Um, but anyway, so that's this that's the setup for game four, Rafa. Take it away.

SPEAKER_02 16:42

I'll say, I'll say on this, and I'll end it with a little something different. Uh the refereeing is questionable. You know, when you talk about the biggest games in sports, boxing, NFL, you know, basketball's no different. When I think of the uh the Super Bowl, you think of the ref, you want the refs to be hands-off and you want them to play because you want to see a game. And if it gets a little you know, rowdy, you know, it gets a little rowdy, but you know, you gotta keep the integrity of your game. So I know some things must be called, but I think what we're asking for is you know, equal measure. If you're gonna be calling extra on one team, you gotta call extra on the other team. And I think that's what we all strive for to be that middle of the line, middle of the road. Let's be neutral, let's not do anyone any team anyone's favors. And you we we can go a whole episode on just the the referee the refereeing and how some teams get picked for big games and some teams don't. The crews, you know, all kinds of stuff. We won't do that. But I'll just say I think it's a hell of a game. The spar the Spurs showed last night why they're they deserve to be there in the playoffs, and I hope they win. I hope this refereeing gets figured out. But they they won by 21 points last night. It was a great game, and I'm looking forward to it. Could go to game seven, you know. I'm just gonna say because there's two two now. Okay, we'll see how this next game goes. But I will this is what I want to end on, and I want to bring it home for Ricky and I. Because Ricky's in law school, he's starting his batteries, he's about to start his last year in law school. And I'm about to start my first year once I get accepted. But going through the law school application process, there's so there's so much things you have to you have to put on there. If you've ever been in trouble, if you ever had a plea deal, if you even if you got a damn speeding ticket, you have to, it's another character and fitness, you have to list it and you have to atone, you know, you have to like there's no get out of jail free card like Trump yachts. There's no, oh, you don't have to know. No, literally, we have to, I have to answer for anything I did wrong in my past. Ricky's no different, and we had to put that on our application. And I won't go into details, but basically, you know, we had no, you know, way not to put it, even if you got a order of non-disclosure, even if you had a pardon or exonerator, even if you got any, even you got pardon, you still have to list it because if you don't, that goes to questions of more your morals, integrity, character, and fitness. That's why it's under character and fitness, and then you probably won't get accepted. So I had to list everything, Ricky had to list everything, and that's you know, me taking responsibility, Ricky taking responsibility, owning up to our past mistakes, and putting it out there to to judge, you know, quote unquote judge. And and when I when I see someone like Trump just not have to be not have to be judged, not have to worry about it, not have to be held to the same standards as I'm held, someone uh on so low on the totem pole, as you as you say, is it it's not the American, it's not it's injustice. It's it's it's not the American way. You know, America is built on justice, trust that should be blind, and this isn't blind. This is not that. And this personal slush fund with American taxpayer dollars using it at his you know, as his disposal proposal, it I just think it's sickening and it's gross, and it should piss you off. Ricky, I'll let you have the last word.

SPEAKER_01 20:13

Yeah, in terms of justice, you know, I think studying the law, you know, you could see why something could could win legally, and it doesn't make it right, right? We we have this ability to decide for ourselves what is um morally correct in this country. Now, I don't always agree with the majority, right? The majority may say this is moral or whatever. I have my own personal opinions, but at the end of the day, we have a discussion about it and we can decide on it. And then, you know, this wasn't even it didn't even get to that level, right? Because the judges and the juries are the ones who decide this. This didn't get to any level. This was just like literally a deal, a settlement. If you can imagine uh, you know, a room, closed doors, attorneys trying to figure out, hey, how are we gonna handle this? Right? No one gets to say this is allowed or this is not allowed. I don't know what the you know ramifications of this are. Maybe this is just gonna be a new standard for any president. Be like, well, Trump was able to get immunity. You know, they we already we had an up uh an episode about his uh his uh absolute immunity for his presidential actions. So he can't he already cannot be prosecutor for his actions, his official actions as a president, right? He could send seal team six and to kill me. And as long as he says, well, no, that's his that's my official action, which it will be as commander-in-chief, it's allowed, right? That's that's the power of kings. And I don't use that word lightly, you know. I'm talking there's no again, repercussions, and like you said before, like we're all accountable, right? This is America, this is not Russia. Imagine if this happened in Russia, right? If someone said, hey, look, there's a big deal, uh, Putin is immune from paying taxes, he's immune from even being looked into, everybody would say, like, yeah, well, that's Russia, you know, or if I were to say President Xi Jinping, same thing. People would say, look, well, that's communism. That's why it's bad because he's a fucking dictator. Kim Jong un, same thing. We're just like, well, you know, what do you expect? That's North Korea. Okay, but it's happening here. And we're supposed to be better than these countries. And this is not only a signal to the American people, this is a signal to the world that our institutions are crumbling, that we are no longer being uh, we're no longer the moral leader of the world, which we used to be post-World War II, and we were riding that wave, and we're starting to falter. And, you know, it's not just us, the whole world is paying attention. And that translates into political capital when people are trying to make deals, right? Again, like Trump tries to talk about deals all the time: Iran deal and fucking Ukraine and all this shit. People pay attention and they're like, Well, I'm dealing with this douchebag like Putin and like Xi Jinping. I'm not dealing with Trump, you know, Victor Orban, people like that, they get treated different than like Obama, than like um uh the president of France, uh Marcron. You know, like these people, when you have the the support and the morality of the free world, you get treated differently as a leader on the world stage than if you come in as a tyrant. And right now, um, whether we like it or not, America's starting to lean towards that tyrant side. So that's my that's my take.

SPEAKER_02 23:21

And you know, these are got a good points, and we talk about these things so that you guys can speak for yourselves and come up with your own conclusions. Guys, this is the only dads podcast. If you have any tips, comments, or suggestions, please reach out to us at only dadspodcast at gmail.com. We know if you want to listen to the show, you gotta keep emailing us. Um, we're busy guys, we got a big schedule. But uh, this is the Memorial Day special honoring the men and women who uh lost their lives serving America's interests. We want to thank you. Rick, I want to thank you for your service, and uh, I'll let you have the second last word.

SPEAKER_01 23:56

Uh yeah, Memorial Day. Um, you know, take a solemn moment to remember the people that died. Um, because that's what this day is about. And let's try to, you know, I don't like when people make military political. I know it's a hot topic, especially with Iran, Afghanistan. But at the end of the day, these people are these are Americans, these are brothers and sisters with families that didn't come home. Uh, and it could get complicated, it can be political, but at the end of the day, these are humans that lost their lives. And so, even if it's just for one day, just you know what, accept it. Let's, you know, move on, and then we can start being critical of the military after that. But for at least today, just pay respects and keep it quiet. And then tomorrow we can go back to being like, why the fuck is the military doing?