Trump Casinos’ Tax Debt Was $30 Million. Then Christie Took Office

[struggle4progress]

RUSS BUETTNER
AUG. 16, 2016

By the time Chris Christie became governor of New Jersey, the state’s auditors and lawyers had been battling for several years to collect long-overdue taxes owed by the casinos founded by his friend Donald J. Trump.

The total, with interest, had grown to almost $30 million. The state had doggedly pursued the matter through two of the casinos’ bankruptcy cases and even accused the company led by Mr. Trump of filing false reports with state casino regulators about the amount of taxes it had paid.

But the year after Governor Christie, a Republican, took office, the tone of the litigation shifted. The state entertained settlement offers. And in December 2011, after six years in court, the state agreed to accept just $5 million, roughly 17 cents on the dollar of what auditors said the casinos owed ...

http://www.nytimes.com/2016/08/17/us/politics/trump-chris-christie-casinos.html

[spanone]

1. and trump repaid christie by making him his lap dog

they certainly deserve each other

[metroins]

2. Jersey is hurting so bad

I think of this as a business decision.

Pretty sure Trumps casino went under, collecting some tax is better than no tax and if Christie went after the casino industry, it would just accelerate the declination of Jersey and decrease the already dwindling job market.

The recession and opening up of gambling in nearby states decimated New Jersey at that time.

Somebody could've/should've gone to jail for lying about their taxes though.

[Kingofalldems]

3. Special Prosecutor needed on this one.

[Travis_0004]

4. I thought Trump only owed around 10% (at the time)

If that is true, then he really had no say in day to day operations, or how they manage their debts.