![]() Trump’s constitutional rights, argued that her investigation was a political attack and cited a long list of her public attacks on Mr. James’s civil investigation and to bar her office from participating in the district attorney’s criminal investigation. Trump filed a federal lawsuit seeking to halt Ms. He invoked his Fifth Amendment right against incriminating himself in response to more than 500 questions, the new court filing said.Īfter receiving the subpoenas, lawyers for Mr. Trump’s sons, Eric Trump, in October 2020. and Ivanka Trump, seeking to question them as part of her civil inquiry. Bragg, also a Democrat, inherited the inquiry from his predecessor after taking office on Jan. James’s office is participating in that separate investigation, which is continuing. Her inquiry is running parallel to a criminal investigation led by the Manhattan district attorney, Alvin Bragg, which is examining some of the same conduct. Trump and his company but cannot file criminal charges. James’s investigation is civil, she can sue Mr. “Three years later, she is now faced with the stark reality that she has no case,” the spokeswoman said on Wednesday.īecause Ms. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values to financial institutions for economic benefit,” Ms. “We have uncovered significant evidence that suggests Donald J. Trump’s golf club in Westchester that it never collected mansions that had not yet been built on one of his private estates and 20,000 square feet in his Trump Tower triplex that did not exist. James highlighted details of how she said the company inflated the valuations: $150,000 initiation fees into Mr. Trump’s net worth was higher than it otherwise would have appeared.” Many of the statements, the filing argued, were “generally inflated as part of a pattern to suggest that Mr. James’s filing argued that the company misstated the value of the properties to lenders, insurers and the Internal Revenue Service. Trump’s own penthouse home in Trump Tower. James’s office termed misleading statements about the value of at least six Trump properties, as well as the “Trump brand.” The properties included golf clubs in Westchester County, N.Y., and Scotland, flagship buildings such as 40 Wall Street in Manhattan and Mr. ![]() We invite you to join the discussion on Facebook and Twitter.The filing outlined what Ms. The Hill has removed its comment section, as there are many other forums for readers to participate in the conversation. He has said he hasn’t disclosed his returns because of an audit, but the IRS says that audits don’t preclude people from releasing their own tax information.ĭemocratic presidential nominee Joe Biden has released a number of years of his tax returns, and he has pressed Trump to do the same. Trump is the first president in decades to not make any of his federal tax returns public. However, Trump’s estimated payments were generally not needed ultimately, and were either refunded or applied to potential taxes in future years, the Times reported. The Times reported that Trump has made estimated tax payments during the year, including when he requests extensions to file his tax returns. For example, Trump made estimated payments of $1 million for 2016 and $4.2 million for 2017 when he requested extensions. In the final presidential debate last month, and subsequently on social media, Trump said that he has prepaid millions in federal income taxes. Trump has pushed back on the Times’s reporting. The Times in September reported, based on tax records of the president that it has obtained, that he paid just $750 in federal income taxes for each of 20, and paid zero in federal income taxes in many of the preceding years. The article was published hours before Election Day. The president’s defense “serves to distract from the reality - unaddressed in any of his public statements - that he has paid little or no federal income taxes most years, largely because his business losses far outweighed his profits,” Times reporters Susanne Craig and Mike McIntire wrote in a piece aimed at fact-checking Trump’s argument. The New York Times reported late Monday that President Trump’s claim that he has prepaid millions of dollars in federal income taxes is “misleading at best.”
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