Chapter 7: Personal Taxes

New York authorities investigating millions in tax write-offs from the Trump Organization

New York authorities investigating the Trump Organization have expanded their inquiries to include tax write-offs involving millions of dollars in consulting fees, according to people familiar with the investigation.

Trump Built Fortune Cheating On Taxes, and Cheating Tenants

According to a report in the New York Times, Donald Trump and his siblings cheated on their taxes and cheated their tenants to make millions of dollars.

New York Times on the Unrepentant Tax Cheat

New York Times on the Unrepentant Tax Cheat. A Damning Expose Lays Bare Decades of Deception, Fraud and Scheming—by Trump and Congress.

New York Times: Tax records show Trump had over $270 million in debt forgiven after failing to repay lenders

President Donald Trump has had more than $270 million in debt forgiven since 2010 after he failed to repay his lenders for a Chicago skyscraper development, The New York Times reported Tuesday.

Donald Trump is revealed as a billion-dollar fraud: That probably won't hurt him

If the "Resistance" hopes new revelations about Trump's finances will destroy his popularity, we've learned nothing

Joe Biden Calls Out Trump On Tax Returns: 'What Are You Hiding?'

"Why don’t you release your tax returns and stop talking about corruption?” the Democratic contender said in the presidential debate.

Trump Built Fortune Cheating On Taxes, and Cheating Tenants

According to a report in the New York Times, Donald Trump and his siblings cheated on their taxes and cheated their tenants to make millions of dollars.

New Trump Tax Revelations Suggest Massive Cheating (And Worse)

Now that Donald Trump has been exposed as perhaps the biggest loser in American business history, here are two reasonable questions to ask:Does this shed any light on his fight to keep Congress from seeing his recent tax returns?Do Trump’s tax filings matter to us and our government?And the answers ...

Trump files emergency request with Supreme Court to stop release of his tax returns

The president is trying to keep his tax records from a grand jury.

Who’s the Tax Cheat: The Lady in Jail or the Man in the White House?

Donald Trump knows that taxes are for the poor.

7 Key Findings About Trump’s Reinvented Swamp

Campaigning four years ago as a Washington outsider, Donald J. Trump electrified rallies with his vows to “drain the swamp.” But once he was in the White House, President Trump didn’t merely fail to end Washington’s insider culture of lobbying and favor-seeking. He reinvented it, turning his own hotels and resorts into the Beltway’s new back rooms, where public and private business mix and special interests reign. Federal tax-return data for Mr....

Trump's niece: He will have to admit to failure or fraud

Mary Trump, the only niece of President Donald Trump, tells CNN's Chris Cuomo that her uncle will have to make a choice when it comes to New York Times' reporting on his tax returns and the American people.

Trump brags about not paying taxes: 'That makes me smart'

Donald Trump's claim came as Hillary Clinton accused him of hiding something in not releasing his federal income tax returns.

18 Revelations From a Trove of Trump Tax Records

Times reporters have obtained decades of tax information the president has hidden from public view. Here are some of the key findings.

The bigger truth revealed by Trump's taxes

The rich are strangling America

Trump literally can't afford to lose the election

A look into his tax returns reveals the president is deep in debt — and the bill is coming due

Most of Trump's charitable tax write-offs are reportedly for not developing property he owns

President Trump's tax records show he has classified his Seven Springs estate in Bedford, New York, as an investment property, The New York Times reports, but his son Eric Trump has described it as his family's 'home base.'
Seven Springs sits on 200 acres and boasts three pools and multiple carriage houses, according to the Trump Organization. Trump purchased the property in 1996 with the intention of building 15 private homes, a golf course, and a clubhouse on the land, but local residents were able to stop the development, citing concerns over traffic and pollution.
In 2014, Trump classified Seven Springs as an investment property rather than a personal residence, and since then he has written off $2.2 million in property taxes as a business expense, the Times reports. That same year, Eric Trump told Forbes Seven Springs is 'really our compound,' and served as 'home base for us for a long, long time.' The Trump Organization's website also says the property is currently 'used as a retreat for the Trump family.'
Trump also placed a conservation easement on the land in 2015, meaning he signed a deal with a land conservancy, agreeing to leave most of the property untouched. In exchange for this, Trump claimed a $21.1 million charitable tax donation, the Times reports. His tax records show that over the years, Trump has claimed four conservation easement deductions on his taxes, which represent about $119.3 million of the roughly $130 million in personal and corporate charitable contributions he has reported to the Internal Revenue Service, the Times reports. When asked for comment about Seven Springs, Alan Garten, a lawyer for the Trump Organization, did not respond. Catherine Garcia

Tax Records Reveal How Fame Gave Trump a $427 Million Lifeline

“The Apprentice” rescued Donald J. Trump, bringing him new sources of cash and a myth that would propel him to the White House.

'The American People Should Be Pissed Off': Critics Say Trump Tax Dodging Exposes System Rotten to the Core

"The American people should be angry about President Trump's tax evasion, but that's not all. They should be much more angry about how much of what Trump did is legal."

Freeloader-In-Chief': Twitter Afire Over Explosive Trump Tax Return Report

"Raise your hand if you pay more taxes than supposed 'billionaire' Donald Trump."

$70,000 for haircuts?’: Trump ripped by ex-GOP lawmaker for letting taxpayers subsidize his lifestyle

Former GOP lawmaker Charlie Dent blew up on Donald Trump on Monday morning following a New York Times report on his taxes that revealed the president has been living a lavish life while letting taxpayers subsidize his business failures with tax breaks. According to the former House member from Pennsylvania, Americans should be outraged that […]

‘The biggest loser’: Morning Joe brutally piles on Trump over his embarrassing tax return release

“Morning Joe” co-hosts Joe Scarborough and Mika Brzezinski came right out of the gate on Monday morning ridiculing Donald Trump over the revelations in the New York Times that he is not only debt-ridden, but also one of the “worst businessmen” in American history. According to Brzezinski, the current president is also the “biggest loser” […]

Most of Trump's charitable tax write-offs are reportedly for not developing property he owns

President Trump's tax records show he has classified his Seven Springs estate in Bedford, New York, as an investment property, The New York Times reports, but his son Eric Trump has described it as his family's "home base."Seven Springs sits on 200 acres and boasts three pools and multiple

Trump’s $750 tax bill inspires a rush of comparisons

Of all the revelations in a bombshell New York Times report on Trump's tax returns, it was the $750 he is said to have paid in federal taxes that proved most insulting to the president’s critics.

N.Y. Times report on Trump's taxes says he avoided paying due to business losses

The New York Times says it obtained President Trump’s tax returns, which he has refused to release.

5 takeaways from NY Times report on Trump's tax returns

WASHINGTON (AP) — A New York Times report that President Donald Trump paid just $750 in federal income tax the year he entered the White House — and, thanks to colossal losses, no income tax at...

Trump Holds $421 Million In Debt, Could Owe IRS $100 Million In Penalties, Times Says

The bombshell report detailed the president’s large debt and his increased reliance on controversial businesses he’s refused to divest.

Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

Trump Golf Course Tax-Break Deal Appears Vulnerable to IRS Challenge

A string of recent Internal Revenue Service court victories could threaten a tax break President Trump’s business was able to claim in 2014 on its California golf course.

Trump to ask U.S. appeals court to keep tax returns from Manhattan prosecutor

Lawyers for Donald Trump will ask a federal appeals court on Tuesday to block the Manhattan district attorney from accessing the U.S. president's tax returns in connection with a criminal probe of his business practices.

New York probing whether Donald Trump and the Trump Organization manipulated asset values

The New York state attorney general is investigating whether Donald Trump and the Trump Organization improperly manipulated the value of the U.S. president's assets to secure loans and obtain economic and tax benefits, and said Trump's son Eric has been uncooperative in the civil probe.

U.S. judge dismisses Trump's lawsuit to block subpoena for tax records

Donald Trump cannot block a prosecutor's subpoena for eight years of his tax returns, a federal judge ruled on Thursday, in the latest setback in the U.S. president's longstanding effort to keep his finances under wraps.

Trump filed “fraudulent” financial information about overseas golf clubs to US government: watchdog

The American Democracy Legal Fund has called on the FBI and Manhattan District Attorney Cy Vance to probe Trump

Trump could face more legal trouble after group finds evidence he inflated the value of his golf resorts

An investigation into President Donald Trump’s financial information has uncovered that the president lied about the value of his Scottish and Irish golf resorts.

Trump’s Bank Was Subpoenaed by N.Y. Prosecutors in Criminal Inquiry

The subpoena, sent to Deutsche Bank, suggests that the inquiry into President Trump’s business practices is more wide-ranging than previously known.

"the greatest political crime of the century" ends in 2021, perhaps beginning with a bank fraud

Red Letter day tomorrow, especially in NY state, where the AG may indeed open the first step to ending one of the greatest political crimes. Barb McQuade @BarbMcQuade Manhattan DA Vance already has Trump’s Deutsche Bank records. He just needs those...

Trump made a big legal gamble in the fight over his taxes — and it blew up in his face: legal expert

President Donald Trump is being investigated by Manhattan District Attorney Cy Vance for alleged tax fraud — and New York-based attorney David Lurie says the president has no one but himself to blame for this information now being public knowledge.

New York could levy hefty penalties if Trump tax fraud is proven

The statute of limitations for criminal penalties has long since passed, but there's no such time limit on civil penalties if fraud is proven.

Trump’s Joint Chiefs vice chairman said the president ‘is an idiot’ who only cares about money — according to a retired Army Colonel – Alternet.org

A Washington Post profile on a retired Army Colonel reveals President Donald Trump’s Joint Chiefs vice chairman, Gen. John Hyten, thinks his boss is an “idiot,” and the First Lady is “smarter than the president.”

Col. Kathy Spletstoser, who retired from the Army in 2019 after serving for 27 years

Trump plans further challenges to Manhattan prosecutor's subpoena for financial records

U.S. President Donald Trump plans further challenges to a Manhattan prosecutor's efforts to seek his financial records, despite a U.S. Supreme Court decision allowing the pursuit.

Two in three Americans want to see Trump's tax returns, Reuters/Ipsos poll shows

Two out of three Americans want to see President Donald Trump's income taxes, and about half believe he has been withholding them for reasons that could hurt him politically, according to a Reuters/Ipsos public opinion poll.

How a Conservative Supreme Court and Trump's Appointees Declared Their Independence

The Supreme Court’s dismissal of President Trump’s claims of immunity was a reminder that institutional prerogatives still matter in Washington, even in a time of extreme partisanship.

Supreme Court Rules Trump Cannot Block Release of Financial Records - The New York Times

Two rulings clear the way for prosecutors in New York to see President Trump’s financial records, but the justices stopped Congress for now.

Where’s Trump’s Financial Disclosure? The White House Blames the Pandemic

The annual report was due last week under federal ethics rules, but the White House says it needs more time. The president was already given a 45-day extension.

Trump's tax returns: Here's a BIG clue on the real reason he doesn't want to release them

President Donald Trump -- and his associates -- have given all sorts of reasons for his refusal to release his tax returns: He's under audit! Voters don't care! His taxes are too complex for regular people to understand!

Michael Cohen Explains The ‘Real Reason’ Trump Is Hiding His Tax Returns
Does Donald Trump pay taxes, ever?

Yesterday, the New York Times reported Donald Trump may have paid no federal income tax for nearly two decades. Leaked excerpts of Trump’s 1995 tax returns showed huge losses that the real estate mogul could have used to offset other income and zero out his income tax liability for many years.

7 tweets by Trump about taxes that are very akward now
Trump's massive tax cut -- for the rich

Although Trump boasts that his proposed tax plan would double the standard deduction, it would hurt many Americans including single parents, large families, and those working in blue states, writes Edward McCaffery

Trump brags about not paying taxes: 'That makes me smart'

Donald Trump's claim came as Hillary Clinton accused him of hiding something in not releasing his federal income tax returns.

Editor: Thomson von Stein

Banner Photo: Gage Skidmore, Creative Commons License

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