BusinessPostCorner.com
No Result
View All Result
Saturday, July 18, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Trump vows to donate any proceeds from $10B IRS lawsuit

February 5, 2026
in Accounting
Reading Time: 2 mins read
A A
0
Trump vows to donate any proceeds from B IRS lawsuit
ShareShareShareShareShare

President Donald Trump said he would donate any money he received in a $10 billion lawsuit that he filed against the U.S. Treasury and Internal Revenue Service over an unauthorized disclosure of his tax returns to the press during his first term in office.

Processing Content

“Any money that I win, I’ll give it to charity, one hundred percent to charity, charities that will be approved by government or whatever,” Trump said in an interview with NBC News.

The president suggested he could exert pressure over Attorney General Pam Bondi and Treasury Secretary Scott Bessent in the case, acknowledging there had “never been anything like it.”

“What I would do? Tell them to pay me, but I’ll give 100% of the money to charity,” Trump said, floating the American Cancer Society as a potential beneficiary. 

The president, who described the arrangement as “putting it back in the system,” dismissed concerns he would be growing the deficit and maintained that such a penalty or settlement wouldn’t be taking money out of the system because the government already financed charitable efforts.

“They give away a lot of money,” Trump said.

The suit was filed last week in Miami federal court by Trump, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization, which manages the president’s real estate holdings. Trump had long criticized the IRS for allegedly working to undermine him for political purposes.

The case centers around a 2020 New York Times report on Trump’s tax records based on leaked IRS data. Former IRS contractor Charles Littlejohn pleaded guilty in 2023 to stealing the president’s tax data and leaking it to the Times. He also stole tax records for thousands of other wealthy Americans, including Ken Griffin, Elon Musk and Jeff Bezos, which he leaked to ProPublica.

The IRS and the Treasury “had a duty to safeguard and protect plaintiffs’ confidential tax returns and related tax return information from such unauthorized inspection and public disclosure,” Trump’s lawyer, Alejandro Brito, said in the suit. “Accordingly, defendants were obligated to have appropriate technical, employee screening, security, and monitoring systems to prevent Littlejohn’s unlawful conduct.”

Trump has also indicated he was seeking hundreds of millions of dollars in compensation from the U.S. Justice Department through an administrative claim process. He claims the department violated his rights with investigations into whether his 2016 presidential campaign colluded with Russia in connection with the 2016 election and his post-presidential retention of classified documents.

In the interview on Wednesday, Trump defended that effort, arguing that he also planned to donate any proceeds there to charity and that the impact to taxpayers was lessened because a jury trial was not involved.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Portsmouth Water installs huge wall at Havant Thicket reservoir

Next Post

Gemini to Exit UK Market, Shifts Accounts to Withdrawal-Only

Next Post
Gemini to Exit UK Market, Shifts Accounts to Withdrawal-Only

Gemini to Exit UK Market, Shifts Accounts to Withdrawal-Only

Shultz Huber acquires Stroh Johnson

Shultz Huber acquires Stroh Johnson

July 15, 2026
Trump takes a page from Iran’s Hormuz playbook, leveraging the chokepoint to generate revenue

Trump takes a page from Iran’s Hormuz playbook, leveraging the chokepoint to generate revenue

July 13, 2026
Billionaire Warren Buffett stops donations to Bill Gates charity

Billionaire Warren Buffett stops donations to Bill Gates charity

July 14, 2026
Shakira tax win set to face Supreme Court appeal in Spain

Shakira tax win set to face Supreme Court appeal in Spain

July 17, 2026
‘We absolutely screwed up’: Vance blames Bondi for the miscommunication around the Epstein files

‘We absolutely screwed up’: Vance blames Bondi for the miscommunication around the Epstein files

July 16, 2026
Understanding the Impact of AI HR Processes on your Business

Understanding the Impact of AI HR Processes on your Business

July 17, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

After Supreme Court loss, Trump tests a new tariff strategy on Brazil and other countries may follow

After Supreme Court loss, Trump tests a new tariff strategy on Brazil and other countries may follow

July 17, 2026
Wall Street’s record profits boost NYC tax revenues

Wall Street’s record profits boost NYC tax revenues

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!