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Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows | A previously unknown focus of an I.R.S. audit is a dubious accounting maneuver that effectively meant taking the same write-offs 2x

⁨148⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨year⁩ ago⁩ by ⁨silence7@slrpnk.net⁩ to ⁨nyt_gift_articles@sopuli.xyz⁩

https://www.nytimes.com/2024/05/11/us/trump-taxes-audit-chicago.html?unlocked_article_code=1.rE0.6uWA.yKavx1yX8Yrs

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  • breadsmasher@lemmy.world ⁨1⁩ ⁨year⁩ ago

    There was an article somewhere showing that if trump had taken all the money he inherited and put it into an index fund, he would have vastly more money than he has now. He maybe “rich” but its from a dwindling inheritance and not savvy business.

    If we now also take into account all the additional money he should have paid in taxes and hadn’t, how much did he really “make through this business”.

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  • Dagwood222@lemm.ee ⁨1⁩ ⁨year⁩ ago

    If you ‘Back The Blue’ you should be cheering the IRS,

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    • Peppycito@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      It’s the true patriot who gets a parking system and says “Hooray! The system works!”

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  • themeatbridge@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Yet another thing most people would go to prison for.

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