President Trump “is unlikely to pay a legal or financial price even if new allegations of extensive tax dodging by him and his family are borne out. Multiple factors could offer Trump a shield, not the least of which is time: The questionable practices outlined in a New York Times report happened so long ago that a case would be difficult to make today, especially given statutes of limitations,” Politico reports.
“If Trump inherited undervalued assets, as the Times report alleged, he wouldn’t be liable for underpayment of gift taxes because the tax liability falls on the donor — his father, Fred Trump, who died in 1999.”
