jury. going through and looking from journalistic standpoint the way the trump organization operated, when michael cohen and others said that this is a way of underpaying people. relatively low salaries and compensating them with presents for them, their kids, house to live in. did you find that thing in the internals of the trump organization? particularly the stuff that mary trump provided? we didn t see so much that because we had tax return information. this is now what they didn t tell the tax man. but what it had the effect of doing is reducing the amount of taxable income the irs could go after. getting perks on the one side, and just the way they re being accounted for is not fully reflecting the taxable income. when i heard the remarks on saturday, i heard two things. joy talking about they re going
cohen and the others, they were essentially compensated with presents. did you find this kind of thing when looking at the internals of the trump organization, particularly the stuff mary trump provided. we didn t see so much of that because we had the tax return information. this is now what they actually didn t tell the tax man. but this is what it had the effect of doing is just reducing the amount of taxable income the irs could go after. so, you re getting all these perks on the one side. and just the way they re being accounted for is not fully reflecting the taxable income. and i have to say when i heard those remarks on saturday, i heard two things. i heard one thing joy was talking ability which is they re going to try to minimize this and oh yeah but it s small ball. but the other thing i heard which is very interesting and i think it s some of the contours
given what you researched and what you knew about the trump organization and the way in which it did business, did anything that came out in this indictment surprise you? no. i feel i feel like it didn t surprise me and it seems like there s still more to come. i mean, the nitty gritty is always interesting to read. we certainly didn t have all the pieces. we had the tax return information, we didn t have the internal books. i think what the prosecutors did well was put these different pieces together to come up with a pretty compelling case, the indictment that they released this week. we had always wondered throughout the trump presidency what role allen weisselberg was playing. was he cooperating and giving prosecutors potentially useful information. turns out he wasn t. others were but he wasn t. what happens now? as michael cohen said when you feel the cold steel of the
this information or was it a hack from the outside. either way, this has to make people feel well, not good. they may not fall into the 15,000 super wealthy people but what stops tax return information for anyone to become public in some way? it s not a good thing, neil. neil: bottom line is a lot of these people do not pay any taxes or very little in taxes and that s because some of them have a lot of wealth. now, so far in this country we do not tax wealth, we tax income. it is what it is and it s going to ignite this talk that the rich should find a way to pay more. where do you think that s going? it s absolutely going down to road of the mantra of the rich not paying their fair share. according to joe biden will be, quote, unquote, people making over $400,000.
times. oversight committee democrats demanded information about the president s personal finances and even subpoenaed the president s accounting firm for large swaths of sensitive and personal financial information about the entire trump family. the subpoena was issued over the committee of republicans and without a vote. in the ways and means committee, democrats demanded the president s personal tax return information. the reason they sited they said was to oversee the irs s audit process for presidential tax returns. you can judge that for yourself. in the financial services committee, democrats demanded and subpoenaed the president s bank records going back ten years. the financial services committee staff, the republicans tell me, the information demanded would cover every withdrawal, credit card swipe, or debit card purchase of every member of the trump family, including his