The Dems have launched yet another probe into Trump’s taxes and it has already backfired on them big time.
According to reports, Trump is now owed a refund of one million dollars from his skyscraper in Chicago.
What a strange turn of events huh?
Dems have been trying for years to get Trump’s tax returns and it just completely blew up in their face.
Former President Donald Trump is owed a tax refund of $1 million for his Chicago skyscraper, but local officials are trying to stop it from being issued.
An Illinois tax agency ruled last month that Trump paid too much on his 2011 tax bill after the value of Trump International Hotel and Tower’s rooms and retail space was over-assessed by the Cook County Board of Review, the Chicago Sun-Times reported.
The ruling by the Illinois Property Tax Appeal Board means Trump is owed $1.03 million, which would come from property taxes due to the city and other government agencies. Chicago Public Schools would lose out on about $540,000, according to the Sun-Times.
The Cook County State’s Attorney’s has since filed a lawsuit to block the refund. When reached by Insider, the State’s Attorney’s office said it was unable to comment on pending litigation.
The dispute is the latest development in the story of Trump’s taxes in Chicago. Alderman Ed Burke, the longest-serving member of Chicago’s City Council in history, served as Trump’s lawyer for more than a decade. His firm originally filed the tax appeal arguing the value of Trump’s building had been overestimated.
Burke, a Democrat, helped Trump secure $14 million in tax breaks on his Chicago skyscraper before parting ways with Trump’s company in 2018, The Chicago Tribune reported.
This is some hilarious irony…
This should be a sign to the left to stop these ridiculous witch hunts.
After all, they have yet to work in their favor.
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