Regardless, Trump is following tax law.
Maybe, maybe not.
There are several things that Trump has been suspected of doing that are not simply "using loop holes", but have actually crossed the line into fraud/illegality.
Examples include:
- Lying about the value of property in order to pay less property tax (while at the same time inflating it when attempting to use it for loan purposes)
- Paying Ivanka consultancy fees when she was an employee, which might be an attempt to violate gift taxes
- Claiming some of his real estate as an investment property (which gives certain tax breaks) even though the property had been exclusively used for personal use
Now, at this point none of this has been proven in a court of law... But then, tax fraud cases are often easy to overlook, and Trump has been able to delay such investigations because of his political positions. But at this point the bulk of the evidence suggest that Trump was breaking tax laws.
From:
https://www.vox.com/21459231/trump-tax-returns-evasion-fraudOne of the most intriguing revelations in the Times’s reporting on Trump’s long-hidden tax returns is that money he gave his daughter Ivanka was treated as a tax write-off....his company once paid $747,622 to an unnamed consultant...consultant appears to have been his daughter...This is the kind of thing the IRS could easily overlook...when you receive gifts of this size, you need to pay a gift tax on them. If you structure your gift as a consulting fee, it passes to your heir untaxed. Taking what’s really a gift and pretending it’s a business expense is against the law.
...
An earlier New York Times story about Trump’s father’s taxes showed that not only did the president inherit a vast fortune, he did so largely while avoiding paying estate taxes....By the time this story emerged, the statute of limitations had passed, so it was impossible to hold anyone criminally responsible.From:
https://www.vanityfair.com/style/2020/09/eric-trump-westchester-compound-tax-write-offIn his 2014 taxes Trump also reportedly said that Seven Springs is an investment property rather than a personal residence, and as a result he’s written off $2.2 million in property taxes as a business expense....The estate is “really our compound,” Eric Trump told the magazine then, recalling his summers and weekends there...Also, see:
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