LETTER: Trump and his ‘slush fund’

As a existent property attorney, I learned that lone an idiosyncratic oregon a ineligible entity tin motion a declaration oregon ain existent estate. You cannot ain spot arsenic “Joe’s Bar and Grill” for example. The aforesaid conception applies to the U.S. government, arsenic lone a authorities oregon the United States of America are ineligible entities, not the IRS oregon the lawyer general. They person the powerfulness lone to bash what Congress has specially fixed them the powerfulness to do.

Regarding the caller $1.776 cardinal colony betwixt President Donald Trump and the IRS, Congress has fixed the Justice Department the powerfulness to disregard lawsuits by paying settlements. What Congress has not done is fixed the DOJ the powerfulness to committedness ne'er to analyse oregon prosecute Mr. Trump oregon his household for contiguous oregon aboriginal crimes. The bureau tin informally committedness not to bash specified things, but this would not person the unit of instrumentality and person nary effect aft determination is simply a caller president. We tin anticipation lone that Mr. Trump volition beryllium prosecuted then.

There is different occupation with mounting up the slush fund: Any colony would beryllium with Trump personally and would marque him personally liable for immoderate income taxation connected the $1.776 billion. He cannot conscionable walk the income to different idiosyncratic oregon entity to debar tax. The ineligible effect of the slush-fund payments would beryllium governmental contributions oregon gifts made by Mr. Trump personally, not the government. This would beryllium a bully thing, due to the fact that it would instrumentality the authorities retired of the payments.