New York Times revelations of Donald Trump’s tax return data are unlikely to significantly complicate the president’s position in the election campaign.
Trump supporters don’t trust the traditional media, and many Americans, in turn, don’t trust the taxpayer.
New revelations are in the offing, and at least Trump’s position won’t get any easier.
It is possible that many voters who are hesitant will resort to tax evasion.
But Donald Trump may have bigger problems with his taxes and finances than voters.
It seems obvious that his presidency has delayed government investigations into his business.
If he is no longer president, he will also be deprived of immunity from possible criminal charges.
Indeed, the new revelations, combined with old information, open up entirely new perspectives on his future.
Read more: NOW gets Trump's tax return data from two decades - reveals years of tax evasion and hundreds of millions of dollars in debt
Investigations are pending
First, the tax return data show that certain of Trump’s businesses have gone badly and, thanks to losses, he has avoided income taxes almost entirely for a long time.
At the same time, however, he has continued his business as if nothing had happened and got a bank loan and made an investment, not to mention his luxurious lifestyle.
In other words, for the taxpayer, he downplays his business, but in order to get a loan, he has to show his ability to repay.
From this discrepancy can be deduced the suspicion that either tax or bank fraud may have occurred at some point.
This is exactly the kind of degree that is going on.
According to the New York Times, it can be suspected that Trump’s tax audit, which he has relied on to avoid disclosing his tax information, has progressed slowly because of his presidency.
This includes a tax refund of about $ 73 million, the basis of which is being investigated by the tax office.
With its fines, Trump could face up to a hundred million cuts.
A trial of Trump's family and business is also underway in New York.
The prosecution suspects they have inflated business prospects to attract investors.
Trump’s son Eric has been challenged to testify, and a hearing is set for next week.
The president himself is not the actual subject of the investigation, but through the Trump Organization he owns, he is substantially intertwined with the investigation.
The prosecution has been silent about its suspicions.
The slows to degrees will go away as soon as Trump is no longer president.
Revenue from the presidency
Another dimension in the New York Times revelations is the confirmation that Trump has earned millions on his properties and golf clubs since he left for the presidential race.
This, too, is not new information, as Washington Post investigators in particular have been investigating things for years.
It has been documented that Trump’s properties have charged the administration and the secret service in full as officials have followed the president who visited their clubs.
His hotel in Washington has attracted guests and his club has attracted clients whose motives may well be suspected of either pleasing the president or getting close to him.
These gains threaten to wane when he is no longer president.
Investigations into potential conflicts of interest or even bribery are also progressing.
Trump owes hundreds of millions of dollars, according to the New York Times, and some of them will mature in 2022. What is the probability that creditors will follow the U.S. president if he is unable to meet his responsibilities?
The situation is different if the debtor is no longer the president.
It is also known that Trump has even managed to harness the Department of Justice to push its cause for it.
It is involved in Trump’s tax information blackout dispute, which cruises in the courts.
Likewise, it took a surprise draw in early September to deal with a defamation lawsuit brought by the woman accusing Trump of rape against the president.
This free legal aid will disappear when Trump is no longer president.
The New York Times revelations also contain a detail that messes up her daughter Ivanka’s father’s business in a questionable context.
The magazine managed to find out that Trump had apparently paid his daughter a substantial consulting fee in a hotel brick in which her daughter had been involved anyway.
The fee was then deducted for tax purposes.
There may not be anything wrong with this, but in order to receive a deduction, the premium must be necessary and reasonable.
This may well be questioned by the tax authority.
The new four years?
There will be a lot at stake in next November’s election as Americans elect a new leader for the country.
It seems that Donald Trump in particular has a lot at stake.
He can’t afford to lose if he wants a new four years for himself and his family to avoid degrees and run his business.
Trump has already announced in advance that he will question the election result if he does not win.
When the bet is not only on the political but also on the economic future, the question is, how far is he prepared to go to win the election?