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Zorro

(15,740 posts)
Tue Jul 6, 2021, 09:28 AM Jul 2021

The former U.S. tax commissioner who went to jail for evading taxes

Former president Donald Trump seemed to acknowledge Saturday that his business and its chief financial officer — just indicted on a charge of tax fraud — engaged in some creative accounting to evade $1.7 million in federal taxes.

“They go after good, hard-working people for not paying taxes on a company car,” Trump declared at a rally in Sarasota, Fla., slamming the prosecution as political. “You didn’t pay tax on the car or a company apartment. You used an apartment because you need an apartment because you have to travel too far where your house is. You didn’t pay tax. Or education for your grandchildren. I don’t even know. Do you have to? Does anybody know the answer to that stuff?”

While the Trump Organization and CFO Allen Weisselberg have pleaded not guilty to the charges and Trump was not charged in the case, he isn’t the first powerful former federal official to be linked to tax evasion. In 1956, a former U.S. tax commissioner went to jail for it.

In 1954, Joseph Nunan Jr. was convicted of evading $91,086 in taxes (equal to $911,000 today) between 1946 and 1950, including one year when he still was the nation’s top tax official. This involved taxes owed on $1,800 (about $18,000 now) that Nunan won on a bet that President Harry S. Truman would win the 1948 election.

https://www.washingtonpost.com/history/2021/07/05/tax-evasion-nunan-trump-irs/

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The former U.S. tax commissioner who went to jail for evading taxes (Original Post) Zorro Jul 2021 OP
$91,086. and the was when a dollar was worth 3Hotdogs Jul 2021 #1
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