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Trump's response to IRS $100M tax claim in 2024
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Resolution / Starting Odds
Pays full amount • 25%
Negotiates reduced payment • 25%
Contests the claim legally • 25%
Ignores the claim • 25%
Public statements from Trump or his legal team, court filings
Story
Trump Faces $100M Tax Bill for Improper Breaks, IRS Finds
May 11, 2024, 03:55 PM
An IRS inquiry has revealed that former President Donald Trump may face a tax bill exceeding $100 million due to improper tax breaks claimed on his Chicago tower. The investigation, jointly uncovered by The New York Times and ProPublica, found that Trump allegedly engaged in 'double-dipping' by claiming the same losses twice through accounting loopholes. This dubious maneuver involved massive write-offs on the failed Chicago skyscraper, potentially leading to significant financial repercussions for Trump.
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Settled out of court • 33%
Paid in full • 33%
Dismissed • 34%
Appeal filed • 33%
Settlement negotiations • 33%
Case dismissed • 33%
No additional taxes due • 33%
Tax payment under $50 million • 33%
Tax payment over $100 million • 34%
Settlement reached • 33%
Full payment made • 33%
Case dismissed • 34%
Countersuit filed • 33%
Settlement negotiations • 33%
No public response • 33%
Settlement reached • 33%
Full penalties imposed • 33%
Case dismissed • 33%
$50 million - $75 million • 33%
$75 million - $100 million • 34%
Over $100 million • 33%
