Hope they’ll bring it on. Sure he’ll have to get a loan to pay the fines. Who will loan him money? One of his Russian buddies?
Trump tweeted that the newspaper did “a very old, boring and often told hit piece on me.”
Brett Kavanaugh nomination is already paying off. The quasi literate Trump is getting new additions to his old, boring and often told cliche denials of the never ending revelations of his sleaziness and criminality.
Alas, Donnie isn’t a self-made billionaire, he is a self-made fraud.
He’s certainly not a very good manager of money. All the money he inherited would last most people a countless amount of lifetimes. And, for someone with sooooo much money, why wouldn’t he do what most people do and pay taxes? An out and out sleeze ball. He will be paid back one way or another.
As a New York taxpayer, I expect the state to get every penny due them with interest and penalties.
If this Times expose gets little public traction now, I think it may not be helpful for Mueller’s investigation and ultimate charges against Trump et. al. If Mueller reports that Trump’s crimes are largely financial (tax evasion, money laundering etc.) Trump will claim we’ve heard this all before. It’s old news! His base will claim all billionaires do this - think Soros and other lefty billionaires.
It’s also certainty that the Republicans will look the other way or downplay it as much as possible.
.
But maybe Mueller being empowered by the DoJ will give his reports (and indictments) a greater chance of sticking to Trump. What a mess we are living through.
At the least the Times expose confirms what was obvious for decades - that Trump is a lifelong insufferable bullshit artist.
The article does not make the very important distinctions between what is FEDERAL and what is STATE lax liability. No way (until after 2020 anyway) is the IRS going to go after Trump.
NY OTOH can go after him, but the amounts at issue are much lower. The vast bulk of the unpaid taxes were inheritance taxes (or the unpaid gift tax designed to avoid evasion of that tax) at the then 55% federal rate. There is also some write offs of debt, that was not really debt.
Trump is going to owe (a) NY income tax on the written off debt, and (b) possibly the NY estate tax on what he got as “gifts” or via under valuing the property he received (which currently is 16%, not sure back in the late 90s).
I don’t know if NY gets interest on the money (plus double penalties) but 100% chance IMHO that NY goes after Trump for the $$$$$. And the NYT appears to have the receipts… However were I to ball park the amounts at issue (assuming he got $400M w/o taxes and that NY can get 15% of it) it is probably something like $60M which could then be double to $120M.
I don’t know how much money trump actually has (and it is NOT the $3.1B Forbes says) but I doubt this would put Trump into BKR.
he wouldn’t fork over a few million for veteran charities. $120M? NFW. Texas death chain saw cage match before he parts with that kind of coin.
tens of millions of dollars in civil fines
Well If that don’t bring a smile to yer face.
No bankruptcy? That’s too bad.
Fines? What about indictment for systematic defrauding of the U.S. and state governments over decades? I’m sure, if they dig hard enough, they could find a statute or two that aligns with obvious FRAUD!! For fucks sake. I’m soooo tired of Trump. Nurse!
That’s Bullshit with a capital B.
According to what I’ve read, the statutes have run on criminal charges, so whoever goes forward is going forward in a civil court.
I’m lovin’ me some of the penalties.
I read in a report that the statute of limitations didn’t apply in all fraudulent cases, got excited, and didn’t bother to read further. Re-read the source and, alas, you’re correct. Only civil, not criminal, charges can be brought. Heavy sigh.
Perhaps you missed the extensive passages in the NYT article that made it explicit how Fred Trump absolutely supported and sometimes even led Donald’s myth-making.
IIRC, Fred said, “everything he touches turns to gold,” shortly after smuggling $3.5 million to Donald to bail out a failing casino.
"but spokeswoman Sarah Huckabee Sanders said the newspaper got one thing right: Trump’s father not only did deals with his son but heaped praise on him by saying “everything he touched turned to gold.”"
nope, not going to do it
investigators would have to find a continuing tax fraud conspiracy
that stretched into recent years, they said.
Well … let us partake of a closer look … shall we ? ? …
hahahahhahahahahahahah –