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.
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 ...
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....
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.
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
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 […]
“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” […]
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
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.
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.
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.
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...
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.
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
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.
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!
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.
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