Congress and the Executive Branch proposed tax code changes that – had they ultimately passed – would have significantly changed various estate planning techniques. Some proposals would have sidelined a number of established estate planning strategies.
leading expert in gift and estate tax law. thanks you all for being here. jeff, does this sound right to? my hat is so i m so impressed by the quality of the journalism and the care with which this is done. but there s really a larger political message here, which is that if you get a w2, like most people, you get a salary, you have basically no chance to cheat on your taxes. i mean, they withhold a certain amount every two weeks. that s just sort of how taxes work in this country. but if you re rich, like the trumps, you can set up a system like this. and they detail in the most extraordinary way how this is done. and an important thing to know now is that the irs is being cut by the republicans over and over again, so they have no investigators or very few investigators to ferret stuff out like this. so it s open season for people who can hire lawyers and create scams like this.
we don t feel like they ever had the whole picture of what was happening. so i think we ve pointed out cases where it looks like things were just hidden from them, and that s how it kind of slid through. in other cases, like the one we were just discussing, that was never reviewed by anybody that we re aware of. stay with us. i want to bring in jeffrey toobin, michael d antonio, and lee ford trott, a university of florida law professor and a leading expert in gift and estate tax law. thanks you all for being here. jeff, does this sound right to? it s grotesque. it s so unbelievable. my hat is so i m so impressed by the quality of the journalism and the care with which this is done. but there s really a larger political message here, which is that if you get a w-2, like most people, you get a salary, you have basically no chance to cheat on your taxes. i mean, they withhold a certain amount every two weeks. that s just sort of how taxes work in this country. but if you re rich, li
organization and two senior company officials in connection withal cohen s hush money payment to an adult film actress citing officials with knowledge of the matter. the investigation would center how the trump organization accounted for reimbursement to mr. cohen for the $130,000 that mr. cohen paid to stormy daniels during the campaign. there s actually a second story that is nutted in here, as well. about halfway through the story, the times reporter says this. as the manhattan district attorney cyrus vance junior considers opening the investigation i just described, in addition to that, the new york state attorney general s office has moved to open a criminal investigation into whether michael cohen has violated state tax law. that s an inquiry that would be unrelated to the federal tax evasion charges he pled guilty to on tuesday. according to a person with knowledge of that matter, the