Experts question tax-exempt status of Trump's $1.8B 'Anti-Weaponization Fund' deal with IRS
By
Bruce Golding
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Summary
President Donald Trump may face personal tax liability on the $1.776 billion 'Anti-Weaponization Fund' created through a deal with the IRS over his leaked tax returns. The fund is intended to compensate 'victims of lawfare,' but critics argue it could benefit January 6 rioters. Legal experts, including Duke University law professor Lawrence Zelenak, suggest the tax analysis is straightforward and that Trump could owe hundreds of millions in personal taxes on the fund, despite the agreement claiming the money isn't taxable income for Trump.
Key quotes
· 3 pulledThe tax analysis is actually not all that complicated
An unprecedented May 18 agreement calls for the creation of an 'Anti-Weaponization Fund' to compensate what acting Attorney General Todd Blanche has called 'victims of lawfare' by the Justice Department
Terms of the deal say money for the fund — which critics claim would likely pay rioters who tried to keep Trump in office by storming the U.S. Capitol on Jan. 6, 2021 — isn't 'taxable income' for Trump
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