BOMBSHELL: On debate night, WaPo breaks story of potential Trump tax evasion
One of the questions surrounding the Trump Foundation is why Trump hasn’t contributed any money himself since 2008. Washington Post reporter David Fahrenthold may have found the answer: Because Trump was reportedly directing money owed to him or his businesses to the foundation. The laws governing the diversion of income into a foundation were written, […]
One of the questions surrounding the Trump Foundation is why Trump hasn’t contributed any money himself since 2008. Washington Post reporter David Fahrenthold may have found the answer: Because Trump was reportedly directing money owed to him or his businesses to the foundation.
The laws governing the diversion of income into a foundation were written, in part, to stop charity leaders from funneling income that should be taxed into a charity and then using that money to benefit themselves. Such violations can bring monetary penalties, the loss of tax-exempt status, and even criminal charges in extreme cases.
According to Fahrenthold’s sources, Trump has directed approximately $2.3 million worth of payments he was owed personally to the foundation. The problem for Trump is that he is still required to pay taxes on that income.
But the Post was stonewalled when it sought proof that Trump paid the taxes he owed:
Could he provide proof of that tax payment?
“Absolutely not,” [Adviser Boris] Epshteyn said.
Hmm. Did he pay taxes on it is an important question. If not could be criminal tax fraud. https://t.co/NfQzQCjUj3
— Armando (@ArmandoNDK) September 26, 2016
To explain, @Fahrenthold seems to have caught Trump in pretty major tax evasion, which is compounded by the self-dealing uses of his Fdn.
— Josh Marshall (@joshtpm) September 26, 2016
The only way to know for certain whether Trump has complied with the law is for him to release his tax returns for public scrutiny. It is long past time for him to do so.
Recommended
Trump makes Republican senators squirm with January 6 pardons
Trump pardoned violent criminals, despite several Trump allies promising he wouldn’t.
By Jesse Valentine - January 23, 2025Pete Hegseth appears to have no clue was ASEAN is
ASEAN is arguably the most important political and economic partnership in the Indo-Pacific
By Jesse Valentine - January 15, 2025‘The man had character’: President Biden pays tribute to Jimmy Carter
Biden and Carter’s political careers often intersected and reflected similar paths.
By Jesse Valentine - January 13, 2025