Trump's 'biggest fear' is 'massive' IRS bills and potential tax fraud charges, says Michael Cohen

[Yo_Mama_Been_Loggin]

Michael Cohen, President Trump’s longtime former personal attorney, has a theory. He believes the president is terrified of receiving a large bill from the Internal Revenue Service.

“His biggest fear is … he will end up with a massive tax bill, fraud penalties, fines, and possibly even tax fraud,” Cohen said in an interview with Yahoo News on Monday, the morning after the New York Times published a report detailing how Trump, a self-described billionaire, paid zero dollars in income taxes for more than 10 years.

The article, which was based on tax return data obtained by the Times, also revealed that Trump paid only $750 in income taxes both in 2016, as he ran for office, and in 2017, after he became president. According to the newspaper, the documents showed Trump used losses at his various businesses and expenses, including personal hair care, to justify taking massive tax deductions.

Trump’s taxes have long been the subject of intense speculation, since he is the first president since Richard Nixon to be elected without making some of his tax returns public.

https://www.yahoo.com/news/michael-cohen-says-massive-irs-bills-and-potential-tax-fraud-charges-are-trumps-biggest-fear-165358561.html

[uppityperson]

1. Thoughts and prayers

[GusBob]

2. Me thinks the princess is on the hook

Ivanky and her consulting fees

That's a greater fear he lied cheated bullshitted his precious into prison

[TheCowsCameHome]

3. I already gave..

.. a fuck, but no more.

[sarcasmo]

4. Because Trump has very little cash in reserve. The real estate/bank revolving door

imho, is very similar to a Ponzi Scheme.
Inflate value of your real estate on your bank statement, so you can buy more real estate.
Rinse and Repeat.

[Solomon]

6. I represented a woman with a claim against her boyfriend's estate. The estate had more than 30

properties. Everybody thought that meant a lot of money. Millions of dollars in property value. But all the properties were mortgaged to the hilt. Each property served as collateral for purchase of the next. There wasn't much there.

[sarcasmo]

7. Double and Triple mortgaged like Trump. IMHO it's a version of a Ponzi Scheme.

Double up a mortgage to pay another mortgage, rinse and repeat.

[Igel]

5. After years of personal contact,

and a couple of years of having the media's attention ...

Only *now*, after a NYT article, does he know Trump's "biggest fear."

One wonders why he wasn't the first out of the gate with this important insight.