Unfortunately for a public eager to see the president’s taxes, his subpoenaed returns would remain private — unless the filings were used as evidence in a criminal case against Trump or his company
Photo: Mark Ralston/AFP/Getty Images President Trump and his team of overworked lawyers have been able to successfully resist lawmakers’ efforts to subpoena his tax returns, stalling on House and statehouse requests by suing to hold up the process.
Of particular importance in the DA investigation — and a detail that could be confirmed by observing Trump’s tax sheets — is whether or not Trump or his company filed the Daniels payoff in 2016 as a legal expense. Falsifying business records is illegal in the state of New York. As CNN legal analyst Elie Honig notes, that might not be a big deal as far as Trump’s baseline criminality goes — unless the falsification is in order to obscure another crime.
In September, Mother Jones reported on a potential instance in which the president may have committed tax fraud: On personal financial disclosure forms filed each year, Trump claims he owes $50 million to a company, Chicago Unit Acquisition, that he owns. It’s possible that Trump is moving money around in this fashion to avoid paying taxes on the sum, a deal that could be proven to be “garden-variety fraud,” according to Georgetown law professor Adam Levitin.
All County’s ostensible purpose was to be the purchasing agent for Fred Trump’s buildings, buying everything from boilers to cleaning supplies. It did no such thing, records and interviews show. Instead All County siphoned millions of dollars from Fred Trump’s empire by simply marking up purchases already made by his employees. Those millions, effectively untaxed gifts, then flowed to All County’s owners — Donald Trump, his siblings and a cousin.
Unfortunately for a public eager to see the president’s taxes, his returns would remain private throughout the investigation — unless the filings were used as evidence in a criminal case against Trump or his company. But past glimpses into Trump’s taxes have been revelatory in showing how the president failed to live up to his gold-plated image: A report from May proved that Trump lost a staggering $1.
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