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Search resuls for: "Russ Buettner"


4 mentions found


☆ Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows
  + stars: | 2024-05-11 | by ( Russ Buettner | Paul Kiel | ) www.nytimes.com   time to read: +1 min
Former President Donald J. Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an Internal Revenue Service inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along the Chicago River is the tallest and, at least for now, the last major construction project by Mr. Trump. But when Mr. Trump sought to reap tax benefits from his losses, the I.R.S. That move resulted in Mr. Trump reporting losses as high as $651 million for the year, The Times and ProPublica found.
Persons: Donald J, Trump, ProPublica Organizations: Internal Revenue, The New York Times, Mr, Times Locations: Chicago
☆ Trump pays $392k in legal fees to New York Times after failed lawsuit over disclosure of his tax documents
  + stars: | 2024-02-26 | by ( Jon Passantino | ) edition.cnn.com   time to read: +2 min
CNN —Donald Trump has paid $392,000 to The New York Times to cover the legal costs from his failed lawsuit against the newspaper and its journalists over a 2018 investigation into his finances that included confidential tax records, a spokesman for the Times told CNN on Monday. Trump was ordered to pay the money in January, more than eight months after Judge Robert R. Reed granted the Times’ motion to dismiss the case against it and its journalists, concluding the journalists’ conduct was protected by the New York Constitution. The reporting series, authored by David Barstow, Susanne Craig and Russ Buettner, went on to win the 2019 Pulitzer Prize in Explanatory Reporting. A spokesman for the Times on Monday called the anti-SLAPP statute a “powerful force for protecting press freedom.”“This decision shows that the state’s newly amended anti-SLAPP statute can be a powerful force for protecting press freedom,” Times spokesman Charlie Stadtlander said in a statement. “The court has sent a message to those who want to misuse the judicial system to try to silence journalists.”CNN has reached out to representatives for Trump for comment.
Persons: Donald Trump, Trump, Robert R, Reed, David Barstow, Susanne Craig, Russ Buettner, ”, Charlie Stadtlander, “, Rob Frehse Organizations: CNN, New York Times, Times, New, ”, ” CNN, Trump Locations: New York
☆ Trump, Weighing In on Auto Strike, Has a Mixed Legacy on Unions
  + stars: | 2023-09-27 | by ( Russ Buettner | More About Russ Buettner | ) www.nytimes.com   time to read: +2 min
Mr. Trump’s early interactions with labor unions were based on less complex concerns. Mr. Trump paid $1.375 million to settle the case, including a $500,000 payment to a union benefits fund. The terms of the settlement remained sealed until Mr. Trump became president and a judge released them over his objections. Those companies typically handled the hiring and management of union workers. “We had very little, if anything, to do with the unions,” said Barbara Res, who oversaw the construction of Trump Tower for Mr. Trump and worked with him for years.
Persons: Trump, Teller, “, ”, Barbara Res, John R, O’Donnell, Mr Organizations: Mr, Trump, Trump Plaza Locations: Manhattan, New York, Atlantic City
☆ Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
  + stars: | 2020-09-27 | by ( Russ Buettner | Susanne Craig | Mike Mcintire | ) www.nytimes.com   time to read: +69 min
With the term “personal taxes,” however, Mr. Garten appears to be conflating income taxes with other federal taxes Mr. Trump has paid — Social Security, Medicare and taxes for his household employees. Fragments of Mr. Trump’s tax returns have leaked out before. Mr. Agalarov’s father, Aras, a billionaire who boasts of close ties to Mr. Putin, was Mr. Trump’s partner in the event. Mr. Trump’s avoidance of income taxes is one of the most striking discoveries in his tax returns, especially given the vast wash of income itemized elsewhere in those filings. When they got to line 56, the one for income taxes due, the amount was the same each year: $750.
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