Exclusive: Trump's tax trouble: More than 100 lawsuits, disputes, tied to companiesBy Nick Penzenstadler and David McKay Wilson, USA TODAY NETWORK
While Donald J. Trump refuses to release his federal tax returns, saying his tax rate is “none of your business,” a USA TODAY analysis found Trump’s businesses have been involved in at least 100 lawsuits and other disputes related to unpaid taxes or how much tax his businesses owe.
Trump’s companies have been engaged in battles over taxes almost every year from the late 1980s until as recently as March, the analysis of court cases, property records, and other documents across the country shows. At least five Trump companies were issued warrants totaling more than $13,000 for late or unpaid taxes in New York state just since Trump declared his candidacy in June 2015, according to state records. This spring, as Trump flew to campaign rallies around the country aboard his trademark private jet, the state of New York filed a tax warrant to try to collect $8,578 in unpaid taxes from the Trump-owned company that owns the Boeing 757. The company has since paid that tax bill...
Among other tax disputes involving Trump entities:
Trump Mortgage owes federal taxes from 2006 and 2007 totaling more than $4,800, according to two federal tax liens filed in New York.
Trump’s businesses have sued the New York City Tax Commission 55 times from the mid-1990s through 2011, disputing the city’s property assessment values on everything from apartment complexes once owned by his father to his core buildings and companies.
Trump-related companies have become embroiled in disputes over sales taxes owed to New York state and New York City. Tax warrants on file in New York County court found that over the past 27 years, Trump entities owed about $300,000 in back taxes, which were eventually paid.
The battles can save Trump millions of dollars. In 2006, Trump won a ruling on his 58-story headquarters at Trump Tower in Midtown Manhattan. It was the sixth time since 1999 that his appeals against the Tax Commission reached the courtroom, records show. The net result was about a 10% reduction over 10 years on the building — worth about $3 million to Trump.
Conflicting accounts of worth
Trump’s boasts about his wealth have sometimes undercut his attempts to slash his taxes. In 1985, Trump scooped up Mar-a-Lago, the opulent estate built by Marjorie Merriweather Post in Palm Beach, Fla., for $10 million, bragging in his 1989 book, The Art of the Deal, that it was a sweet deal, worth far more than he paid. When the property was assessed at $11.5 million and later $17 million, Trump objected. Litigation dragged on until 1993 over the tax bills.
A settlement hinged on Trump agreeing not to develop the Mar-a-Lago land into individual lots, said Jay Jacknin, outside counsel for Palm Beach County’s appraisal’s office. Last year, the county assessed the property at about $20 million — though Trump’s federal financial disclosure form values it at “more than $50 million.”
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