It seems we now know why Trump didn't want to publish his tax returns.
He sold two Condos to his son at a discounted rate without paying the gift tax.
This is probably keeping Mueller very busy
From Mediate instead of Wapos's pay wall.
"Based on New York City property records, Trump paid $13,000 in taxes related to the two sales, which indicates that he didn’t treat the transactions as a gift and likely didn’t pay those taxes. And, as the attorneys further explained, this could lead to fines or even possible jail time.
Willful failure to file a tax return, including a gift tax return, is a misdemeanor, punishable by a $25,000 fine, imprisonment of up to one year or both. Fraudulent failure to file — meaning an overt act of evasion — may elevate willful failure to a felony. That carries a fine of up to $100,000, imprisonment of up to five years or both, along with the costs of prosecution."
https://www.mediaite.com/online/did-trump-commit-tax-fraud-these-two-lawyers-think-so/
He sold two Condos to his son at a discounted rate without paying the gift tax.
This is probably keeping Mueller very busy
From Mediate instead of Wapos's pay wall.
"Based on New York City property records, Trump paid $13,000 in taxes related to the two sales, which indicates that he didn’t treat the transactions as a gift and likely didn’t pay those taxes. And, as the attorneys further explained, this could lead to fines or even possible jail time.
Willful failure to file a tax return, including a gift tax return, is a misdemeanor, punishable by a $25,000 fine, imprisonment of up to one year or both. Fraudulent failure to file — meaning an overt act of evasion — may elevate willful failure to a felony. That carries a fine of up to $100,000, imprisonment of up to five years or both, along with the costs of prosecution."
https://www.mediaite.com/online/did-trump-commit-tax-fraud-these-two-lawyers-think-so/