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Impact of Trump’s IRS case on 2024 elections
5
Resolution / Starting Odds
Significantly affects • 33%
Moderately affects • 33%
No significant impact • 33%
Election results and political analyst reviews
Story
Trump Faces $100M IRS Bill for 'Double-Dipping' Tax Breaks in 2008, 2010
May 11, 2024, 03:55 PM
Former President Donald Trump may face a tax bill exceeding $100 million following an IRS audit that uncovered improper tax breaks linked to his Chicago skyscraper. The investigation, jointly reported by The New York Times and ProPublica, revealed that Trump allegedly claimed the same financial losses twice, specifically in 2008 and 2010, for his troubled tower, a practice commonly referred to as 'double-dipping'. This dubious accounting maneuver, which involved claiming massive write-offs on multiple occasions, has been deemed questionable by tax experts and unlikely to withstand IRS scrutiny. Walter Schwidetzky, a law professor, commented on the tactic, suggesting Trump 'ripped off the tax system.'
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Negatively affected • 50%
No significant impact • 50%
Significant negative impact on Biden's campaign • 33%
No significant impact • 33%
Significant positive impact on Biden's campaign • 33%
Boosts Republican Candidate • 25%
Damages Republican Candidate • 25%
No Effect on Republican Candidate • 25%
Boosts Democratic Candidate • 25%
Significantly harmed • 33%
No significant impact • 33%
Boosted his public support • 33%
Negatively impacted • 33%
No significant impact • 33%
Positively impacted • 34%
Significantly harms • 33%
No significant impact • 33%
Boosts his campaign • 34%
Negatively impacts Democrat candidate • 33%
No significant impact on election • 33%
Boosts Republican candidate • 34%
Significantly Positive Impact • 25%
No Significant Impact • 25%
Significantly Negative Impact • 25%
Neutral Impact • 25%
Significantly harms political future • 33%
No significant impact on political future • 33%
Boosts political support • 34%
Significantly damaged • 25%
Moderately affected • 25%
Minor or no impact • 25%
Enhanced • 25%
Significant negative impact • 33%
No significant impact • 34%
Positive impact • 33%
Significant negative impact • 33%
No significant impact • 33%
Significant positive impact • 33%