TRUMP WILL HAVE TO PAY BACK ANY MONEY HE 'OWES' NEW YORKERS FROM DODGING TAXES, MAYOR DECLARES

[fleur-de-lisa]

https://www.newsweek.com/nyc-will-recoup-any-money-donald-trump-owes-people-tax-fraud-mayor-bill-de-1151427

New York City will go after President Donald Trump for any taxes he owes on the money he received from his late father, Mayor Bill de Blasio said Wednesday, one day after The New York Times published a report that accused Trump of dodging tax payments on $413 million funneled to him from his dad's real estate empire.

“It’s clear to me that there are real ramifications right now to what has been disclosed, either potential violations of law, or in cases where the statute of limitations has ended that there may be very serious civil penalties that can be applied by both the state and the city,” de Blasio said. “The city of New York is looking to recoup any money that Donald Trump owes the people of New York City, period.”

"The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation," a spokesman for the department, James Gazzale, said in an email Tuesday.

“It’s also an indictment of the culture of New York City and New York state going back decades,” de Blasio said. “There was a good old boy network that obviously Donald Trump played like a fiddle and evaded the kind of regulation and investigation and prosecution he should have received many times over.”

[fleur-de-lisa]

1. And yes, the title on the webpage is in all caps (before some smart ass comments on it). n/t

[Floyd R. Turbo]

3. So there!

[Cha]

6. I knew it would be and so what... It's worthy of ALL

CAPS!!!!

Mahalo, fleur

[uponit7771]

2. K&R, Then they'll figure out he doesn't have any

[BootinUp]

4. Go get him!!!!!!! Hahaha

[Pachamama]

5. Looks like NYC and the people may end up owning Trump Tower

[toddwv]

7. So sorry for NY.

If they try and take Trump's assets, they are going to end up with a YUGE negative since he is like deeply overleveraged and doesn't really have a dime to his name.

[Squinch]

8. Yay! It's how they took down Capone!

[demosincebirth]

12. Capone ended up in Alcatraz

[lindysalsagal]

9. Sounds like $100mill, to me is going to state of NY. Woo Hoo!

Should help with something substantial....

[MaryMagdaline]

10. Go, New York!

[libdem4life]

11. First Schniederman, now DeBlasio. DJT just can't get a break any more.

Grifting days are over. He better get Kavanaugh up there quick like. SDNY will have it's day, I do believe.

[DinahMoeHum]

16. With the likelihood of Letitia James winning the AG race in NY. . .

. . .Dolt 45 is gonna be shitting his pants big time.

She's currently NYC public advocate, and she would be the first woman and African-American to become NY state attorney general should she win in November.

And given Dolt 45's animosity toward successful women and African-Americans, well, I leave it to your imagination.

And she has publically pledged to go after Dolt 45's businesses, together with the SDNY.

[libdem4life]

19. I like the sound of that!!!

[Equinox Moon]

13. This will help pay for all the extra security at tax-payer expense!

[bluestarone]

14. The best part is

Now SOMEONE will get to look at his taxes!!!!!

[BootinUp]

17. Someone will probably leak it too! DAMN IT! Lol.

[LiberalFighter]

15. In all likelihood DT had help coverning up the fraud from within the govt.

[Calista241]

18. New York State requires taxpayers to keep their tax records for 7 years.

Any tax frauds from the 80's, 90's or early 2000's are not prosecutable.

The IRS is even more lenient, and only requires tax records be kept for 3 years.

[Kaleva]

21. Some info for you

"It is also important to note that no deadline applies where the IRS can establish that a taxpayer has: 1) filed a false or fraudulent return; 2) willfully attempted to evade tax; or 3) failed to file a return. Unlike the circumstances above where tax returns are filed (even with errors), these are cases in which a taxpayer is willfully or intentionally not filing taxes or is filing fraudulent return(s). Not only will there be no time limit on IRS action against such taxpayers, but heightened interest fees and penalties will apply."

https://tax.findlaw.com/tax-problems-audits/what-is-the-irs-statute-of-limitations-or-deadline-for-action-on-.html

[FakeNoose]

20. Trumps owe back taxes to the city, the counties, the state, and Uncle Sam!

... and it's not just Donald Trump either, it's all the Trump families (siblings) who received shares from the parents' estates. Don't plan on leaving the state anytime soon.

Just sayin'