- 2,980
- The Ramapo Mountains
- jjaisli
I believe the biggest issue with his taxes and how much he's been paying - or not as the case appears to be, is more the moral issue.
A moral issue? I don't know. Trump has done and said so many morally questionable things during this four years in office that I doubt THIS would actually turn out to be "the back breaking straw" for many people. He took advantage of the system. For me, he blew it already during his inauguration speech. But what finally tore it for me was reading the full (redacted) Muller Report. Maybe Trump didn't actually "pull the trigger" just like Hillary herself probably didn't hit the delete key. But I don't see how anybody (save Bill Barr) could read the report and think it exonerated Trump. People still in his corner at this point could probably forgive him of just about anything.
However, further to my post above, questioning who Trump owes and what his sources of income are, what @McLaren cited below is something I find fascinating.
- The audit he is currently under is related to the above. To claim the refund from 2005-2007 he used him abadoning his stake in his Atlantic casinos to count as his loss. However in the tax code you can only do this if you receive nothing else from the business or bankruptcy, but he received a 5% stake in the restructured company after the bankruptcy, meaning all those refunds+interest would come due (~100 million dollars).
That, if true, would explain why the NY attorney general is after him like a dog on a bone. And it explains why he's so desperate to stay in office. Once he's again a private citizen, if the above proven true, he could be in dangerous crosshairs and likely facing prison time, if not outright bankruptcy.