Michael Cohen: Millions Tax Refund

Posted by admin on Wednesday, February 27, 2019

Michael Cohen Money Quote saying during congressional testimony on February 27 that President Trump told him in 2008 that the government was stupid for refunding him $10 Million on his taxes. Michael Cohen said:
 
in 2008 that he was cutting employees' salaries in half – including mine – he showed me what he claimed was a $10 million IRS tax refund, and he said that he could not believe how stupid the government was Quote
 

“When telling me in 2008 that he was cutting employeessalaries in half – including mine – he showed me what he claimed was a $10 million IRS tax refund, and he said that he could not believe how stupid the government was for giving “someone like him” that much money back” — Michael Cohen

 

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In this quote, Michael Cohen is describing an interaction he had with Donald Trump in 2008. Some key points:

  • Trump was cutting the salaries of his employees, including Cohen’s, in half due to financial difficulties at the time.
  • Trump then showed Cohen what Trump claimed was a $10 million tax refund he had received from the IRS.
  • Trump expressed disbelief and contempt and called the government “stupid” for giving “someone like him” such a large tax refund.
  • This implies Trump felt he did not deserve the refund or that it was too generous, even as he was reducing his employees’ pay.

Cohen’s anecdote portrays Trump as a boss who was willing to cut his workers’ salaries deeply but also critical of and benefited greatly from tax policies that returned millions to him personally at the same time. It provides Cohen’s perspective on Trump’s attitude toward his own wealth versus that of his employees during a challenging economic period.

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