re: #68 The Vicious Babushka

Well, he’s either making $500,000 or less, or he’s knowingly submitting false information to the NYS Department of Taxation and Finance (and NYC Finance Department) in claiming credits or deductions for which he is not entitled to.

I’m going to go out on a limb and say he’s making $500,000 or less in income.

That could make sense. He could be plowing the income back into his business enterprises, taking a minimal salary. Most of his net worth is tied up in real estate. And he can write off all those jet flights on the corporate jet as business expenses or the like (and that could also explain the audits).

Problem is, as others are already pointing out, that the IRS will leave you alone for a couple of years if their original audit finds no wrongdoing. If they find problems in one tax year, that’ll extend the tax years that they’ll look into (looking for patterns of avoidance/evasion). So, if Trump is claiming that he’s been under audit for the last 12ish years, that seems to suggests that the IRS has been finding fishy stuff for that long.

The IRS simply doesn’t have the manpower to spend on a single taxpayer like that - even if it’s Trump.