TRUMP BUSINESS/TRUMP TAXES: “The criminal tax fraud trial of Donald J. Trump’s family business kicked off in Manhattan on Monday [October 31, 2022]…
The two entities, the Trump Corporation and Trump Payroll Corp., which employ and pay Mr. Trump’s top executives, are accused of 17 counts of tax fraud, conspiracy, scheme to defraud and falsifying business records…
If the corporations are convicted, the company faces the maximum $1.62 million penalty, a rounding error for Mr. Trump, who routinely collected hundreds of millions of dollars in revenue during his presidency.
Other than the money and reputational damage, there might be limited fallout for Mr. Trump’s business.”
-Jonah E. Bromwich, Ben Protess, William K. Rashbaum, and Maggie Haberman, “Prosecutor Says Trump’s Company Evaded Taxes on Lavish Perks to Executives,” nytimes.com, October 31, 2022