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Opinion | The biggest lesson from Michael Cohen?s explosive testimony


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SOURCE: https://www.washingtonpost.com/opinions/the-biggest-lesson-from-michael-cohens-explosive-testimony/2019/02/28/f2e1919a-3b97-11e9-aaae-69364b2ed137_story.html
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Summary

But it also may reflect Trump’s (accurate) assessment of just how outgunned the taxman has become.Cohen again: “When telling me in 2008 or 2009 that he was cutting employee salaries in half, including mine, he showed me what he claimed was a $10 million IRS tax refund, and he said that he could not believe how stupid the government was for giving ‘someone like him’ that much money back.”When asked why Trump was reluctant to release his tax returns, Cohen suggested that Trump feared that if anyone had the expertise and bandwidth to go through his tax filings, they’d probably find something fishy.“What he didn’t want was to have an entire group of think tanks that are tax experts run through his tax return and start ripping it to pieces, and then he’ll end up in an audit and he’ll ultimately have tax — taxable consequences, penalties and so on,” Cohen explained.If true, that statement (that Trump feared an audit) would undercut Trump’s sorry excuse for not releasing his returns (that he was already under audit).

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