with michael d. cohen s hush money payment excuse me. considering pursuing criminal charges and two senior company officials in question, michael d. cohen s hush money payment to an adult film actress. the times goes on to say that would it center on how the trump organization accounted for its reimbursement for the $130,000 that mr. cohen paid to stormy daniels during the campaign. there is actually a second story that is in here as well. about halfway through the story, the times, the reporter says. this as the manhattan district attorney cyrus vance 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
attorney general in recent days sought a referral from the state department of taxation in new york which is needed to conduct such an inquiry and to prosecute any violations of state tax law. such requests are seldom denied. the new york times breaking news the manhattan district attorney s office is considering criminal charges against the trump organization in terms of how they dealt with what michael cohen said was a legal campaign contribution that he effectuated two contributions he said he effectuated one of which he said was reimbursed through the trump organization and in a related matter, the new york attorney general s office may be pursuing cohen on state tax charges. joining us by phone is daniel goldman, former prosecutor with the southern district of new york. he s a former federal prosecutor in the new york jurisdiction. thanks for joining us tonight on very short notice. i appreciate you being here. thanks for having me. we re all becoming amateur
can you transfer stock options, you can transfer property where you take it back, and if the value of the property is going like this and the government official interest rate like it is now way down here, why you can pass forward a lot of money to your children. that s why these very wealthy families, despite the estate tax law that s designed to create ameritocracy. years ago, warren buffett said to me, if we don t have an estate tax, it s like we want the olympic team 20 years from now to be the sons of the winners of this year s gold medals. it makes no sense whatsoever. that s what we do economically, and romney has really worked this system for his benefit and his families. we re going to put a link on our website to your article, because everyone has to read it. i have written about tax law, i have done my own tax returns, i ve never been able to do it alone, i need help.
that s taxed as if it was capital gains to his children, transfer it to them. can you transfer stock options, you can transfer property where you take it back, and if the value of the property is going like this and the government official interest rate like it is now way down here, why you can pass forward a lot of money to your children. that s why these very wealthy families, despite the estate tax law that s designed to create ameritocracy. years ago, warren buffett said to me, if we don t have an estate tax, it s like we want the olympic team 20 years from now to be the sons of the winners of this year s gold medals. it makes no sense whatsoever. that s what we do economically, and romney has really worked this system for his benefit and his families. we re going to put a link on our website to your article, because everyone has to read it. i have written about tax law,
stand corrected. that is far different. it used to be, just even a decade ago, outrageously low. i think that s the point. joe, can i make a point on that? yeah. people need to understand that. let me correct myself. the threshold just a decade ago was outrageously low. people, small business owners were getting hammered by the estate tax. go ahead. you re exactly right. the way the estate tax law was written, as of january 1 of this coming year, if we don t do anything, it goes back to a $1 million exemption and a 55% rate on every dollar above that. that s what happens if nothing. so what we ve done here is said, look, let s be reasonable. let s go back to the 2009 levels which, as i said, is the lowest level in 77 years. and the proposal that the senate republicans in the white house put in adds another $23 billion. it s for 6,600 estates a year.