Seth Meyers takes a Closer Look at Trumps tax situation

A man in a shirt sits behind a talk show desk. In the top left is an image of three men in suits on a stage.

Despite being massively unpopular even with Republicans, there’s one part of Trump’s anti-weaponization fund – a deal Trump struck with the DOJ that would have set up a $1.8 billion slush fund for people claiming political persecution – that he’s still fighting to keep: an immunity deal that would protect him and his family from IRS audits.

“I’m sorry, what? He gets permanent immunity from tax crimes?” asks a shocked Seth Meyers in the Late Night clip above. “I’ve never heard of that. Even if you’re acquitted in a murder trial, the jury doesn’t say, ‘You’re free to go, and you’ll never be tried again for any murder!

“It’s especially insane when you consider what we already know,” Meyers continues. “For years Trump did not pay any federal income taxes; in 2016 and 2017 he paid only $750 in income tax; and according to a 2024 report he may owe more than $100 million in back taxes. Now, you might be wondering why Trump owes $100 million in back taxes. The answer is actually very complex. You see, it has to do with long-term depreciation of assets and capital expenditures carried over multiple fiscal years, and itemized deductions from adjusted gross income, and I’m just f***ing with you, he cheated. He cheated on his taxes.”

Want more of the best of late night? Sign up for Mashable’s Top Stories newsletter.

Click here to read more >> https://mashable.com/entertainment/seth-meyers-closer-look-trump-tax