Trump's Biographer Exposes Questionable $300-M Deductions In Tax Returns

Tom Boggioni of Raw Story claimed former Donald Trump biographer Tim O'Brien disclosed that Trump's tax returns include $300 million in suspicious tax deductions that must be looked into by prosecutors, along with many other items in his crimson returns that are littered with red flags.

Photo Insert: Trump's use of deductions will likely be put under the microscope by investigators in the Department of Justice and by officials in the state of New York where his Trump Organization was just convicted on 17 counts of tax fraud.

In his column for Bloomberg, O'Brien stressed: "The records question the validity of about $300 million in tax deductions claimed by a skein of Trump holding companies for such write-offs as charitable giving, operating losses, and business expenses. Both reports speculate that about $51,000 was given to his three eldest children as gifts, but may have been disguised as loans to avoid tax payments."

The six years of Trump’s tax returns would show, O’Brien noted, “the extent to which Trump and his cohorts may have run roughshod over institutional checks and balances designed to prevent presidents from grifting while in office — and to also help ensure that financial conflicts of interest don’t collide with sound public-policymaking."

According to O'Brien, who has seen some of Trump's tax documents previously, the former president wouldn't be in this position if he had not run for office in 2016.

With that in mind, he wrote: "What a fine mess he has gotten himself into. There are certainly more surprises to come, but a pair of summaries of the House Ways and Means Committee’s analysis of Trump’s personal and business tax records from 2015 through 2020 contained interesting revelations that will trouble the former president and certainly draw the attention of prosecutors."

Of particular concern, he explained, is Trump's use of deductions that will likely be put under the microscope by investigators in the Department of Justice and by officials in the state of New York where his Trump Organization was just convicted on 17 counts of tax fraud in a Manhattan courtroom.

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