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re: Trump may face $100 million-plus tax bill if he loses audit fight over Chicago Tower

Posted on 5/11/24 at 9:07 pm to
Posted by cbtullis
Atlanta
Member since Apr 2004
6277 posts
Posted on 5/11/24 at 9:07 pm to
News flash
100 million plus tax bill based on his holdings isn’t exactly the end of the world
I owe the irs 25k right now
I could pay it no problem….but my investments are making more than the interest I’m paying them
And I don’t exactly want to just throw them cash to waste
Sorry I have to do that already with every other damn tax including social security
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
Posted on 5/11/24 at 9:29 pm to
quote:

owe the irs 25k right now I could pay it no problem….but my investments are making more than the interest I’m paying them And I don’t exactly want to just throw them cash to waste Sorry I have to do that already with every other damn tax including social security


Big difference between intentional slow pay with an installment plan, and a 9 figure audit adjustment
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