Trump’s media company lost several more hundreds of dollars this last quarter, pushing it to losing over a billion dollars. But whether you call it Truth Social, Truth Central, or as Trump himself once called it, “Troth Senchal”, he’ll keep using it, and he’s not going to be out of that money for very long because he just engineered an almost $2 billion payout that is likely to make its way into his pocket. It just needs to make a small detour first.
A few years ago, someone that worked at the IRS leaked Trump’s tax return that showed he only paid $750.00 dollars. The billionaire who brags about how well he knows U.S. tax code knows it so well (at least, until he said later that nobody knows how the tax code works) that he paid less than one thousand dollars that year. That same employee leaked other tax returns and was caught.
In the $10 billion law suit against the IRS that Trump filed on January 29, 2026, it says he was informed about the leak on January 29, 2024. This is exactly two years after he legally says it took place. Except, his lawyer, Alina Habba, appeared in front of reporters three months earlier, talking about what she learned in the trial and was upset that the IRS employee only had one felony count against him. That means Trump filed his suit after two years of being informed about it, which is past the two years that is the statute of limitations for this type of crime.
That error would have (and probably should already have) caused the suit to be tossed out, but it kept going. A couple of days ago, the IRS decided to reach a settlement with Trump. In exchange for him dropping the suit, the IRS will set a legal defense fund (“Anti-Weaponization Fund”) for the January 6 Capitol rioters with almost $1.8B of U.S. taxpayers’ money in it. Specifically, it is $1776 million, because, you know, it just obviously has to be a number associated with patriotism for the people who were expressing their patriotism.
It’s already been labeled as a slush fund, so exactly how much goes to those Trump has long said have been treated so poorly and so unfairly remains to be seen, and how much of the rest goes to other purposes. Wink, wink, nudge, nudge, know what I mean?
This settlement comes less than two months of Todd Blanche being on the job as the Acting U.S. Attorney General. He got bumped up from Deputy AG to Acting AG after Trump fired Pam Bondi. Blanche is another of Trump’s personal lawyers, but he doesn’t seem to like being reminded of that.
Blanche, as head of the Department of Justice, added to the settlement what is effectively a lifetime “get out of audits free” card. The wording is broad enough that it doesn’t just cover past audits of Donald Trump by the IRS. It also covers future audits. And it doesn’t just cover Donald Trump. It covers “affiliated individuals (including, without limitation, family or others filing jointly), or parties including trusts, parent, sister, or related companies, affiliates, and subsidiaries”.
Translation: The settlement includes:
- Donald Trump
- the members of his family
- all of his companies and organizations
- any other company or organization associated with items 1-3 above
All of these will be exempt from all past, present and future audits.
It doesn’t stop there. Some lawyers are saying that this goes beyond audits and beyond the IRS. It could include any Federal agency for anything. If that interpretation is correct, then if the settlement is accepted by the courts, what we have is a person who is currently the President of the United States with the following:
- Absolute immunity for “official Presidential acts”.
- An in perpetuity exclusion against being investigated for financial or criminal acts or any acts of any kind.
- Anyone and anything associated with him has the same in perpetuity exclusion.
That really doesn’t sound like a President any more, does it?