Trump Might Face Over $100 Million+ Tax Bill if He Loses Legal Fight Over His Chicago Tower

[Frodo]

With the IRS now targeting wealthy individuals like Trump (for a refreshing change), those Republicans who believe he should be above the law will do everything possible to gut the IRS to prevent them from doing anything like this in the future, instead making sure they only have enough resources to go after average Americans:

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

Former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings.

The report's findings could put renewed focus on Trump's business career as the presumptive Republican nominee tries to regain the White House after losing in 2020.

[Santander]

With the IRS now targeting wealthy individuals like Trump (for a refreshing change)

Trump gets audited every year. (according to him)

[Amenhotep Bakari-Sellers]

This is the man Conserv look up to and he has a 100 M dollar tax debt, not Biden. It's unbelievable that Conserv when vote for this man

[President Johnson]

That's just a small loan for a billionaire, right?

[Yoda]

Hard to fathom how much tax fraud one man can commit. It's all but certain, unsurprisingly, that the $50 million "loan" the court-appointed supervisor found on trump's cooked books was fraudulent, and he will end up paying heavy, interest-compounded fines on that fraud as well.

[Progressive Pessimist]

There's been a lot of years that looked like they were the worst of Trump's life, and this year will be the top contender if he loses again in November.

[TheReckoning]

Holy Nothing Burger Batman!

[Sir Mohamed]

There's been a lot of years that looked like they were the worst of Trump's life, and this year will be the top contender if he loses again in November.

2025 might be worse then, because that's when the most important verdicts are coming in with potential house arrest/prison time on the horizon. Not to mention he might get himself into additional legal trouble by refusing to concede/overturn the will of the people again.

[Mr. Illini]

Ouch! Hope he has some liquid cash left after that $175mil bond he had to post.

[Progressive Pessimist]

There's been a lot of years that looked like they were the worst of Trump's life, and this year will be the top contender if he loses again in November.

2025 might be worse then, because that's when the most important verdicts are coming in with potential house arrest/prison time on the horizon. Not to mention he might get himself into additional legal trouble by refusing to concede/overturn the will of the people again.

That's why if he loses, the delayed trials aren't quite that big of a deal, as frustrating as it is.