You may recall that during one of the presidential debates between Donald Trump and Hillary Clinton in September of 2016, the former Secretary of State accused Trump of not paying his taxes, suggesting he had broken the law. She remarked:
“There is something he is hiding.
“Or maybe he doesn’t want the American people, all of you watching tonight, to know that he’s paid nothing in federal taxes, because the only years that anybody’s ever seen were a couple of years when he had to turn them over to state authorities when he was trying to get a casino license, and they showed he didn’t pay any federal income tax.”
In response to that accusation, Trump smiled and remarked:
“That makes me smart.”
But all of that “smart” may be catching up with the “stable genius.”
This week, the owner of a hotel that once carried the Trump name on it filed suit in federal court, and he alleges that the Trump Organization failed to pay taxes when they owned the property, according to NBC News:
“A filing in New York federal court by property owner Orestes Fintiklis alleges that Trump’s hotel management company evaded income and social security taxes when it managed the former Trump Ocean Club International Hotel & Tower.
The filing says that Trump’s company misrepresented salaries paid to employees and other financial records of the hotel to cut its tax bill on fees it was collecting for managing the hotel, slash its social security payments and hand over less to owner Fintiklis. The filing does not state how much in taxes the Trump company allegedly should have paid.”
While the alleged crimes emanate from Panama, keep in mind that the Trump Organization is headquartered in New York, and that means the New York Attorney General, Letitia James, can investigate the charges and determine if they are part of a larger pattern that might lead her to impose what’s know as the “corporate death” on Trump’s business.
Donald Trump’s lifetime of criminal behavior is starting to catch up with him, and it could well cost him control of the company that bears his name.