Wednesday, April 11, 2018

Trump's Lawyer Owns Cab Empire that Owes $53k in NY Taxes

President Trump's Personal Attorney, Michael Cohen, owes New York City nearly $54,000 in Unpaid Yellow Cab Medallion Taxes, it has emerged, from the FBI Seized Records relating to his Taxi Empire during Raids on his Office, Home, and Hotel Room.

Cohen and his Ukraine-born Wife, Laura, own at least 32 Yellow Cab Permits and are required to hand over, Metropolitan Commuter Transportation District (MCTD), Tax of 50 cents for each Journey, with the Money Funding Public Transport, Trains and Buses.

- Trip Starts and Ends in New York City: New York (Manhattan), Kings (Brooklyn), Queens, Richmond (Staten Island), and Bronx Counties.

- Trip Starts in New York City and Ends in any of the following Counties: Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and Westchester.

But this has not happened for many of their Medallions, another name for Permits, that Cohen owns, leading to an Unpaid Bill of $53,836, according to New York State's Department of Taxation and Finance.

The State has issued 11 Tax Warrants directly to Cohen ranging from $2,031 to $10,166, with the most recent dating from this year and the oldest from 2013, according to Records.

Cohen's Multi-Million-Dollar Taxi Empire appears to have sparked the interest of Federal Investigators, with Documents relating to this Business among those seized by the FBI during Raids on Monday.

The Agents also took records relating to a $130,000 Payment to Stormy Daniels 11 days before the 2016 Election, which the porn star says was in return for keeping quiet about an affair with Trump. Also records of two other Women who also claim of an affair.

The Attorney's Cab Troubles could also present a headache, as the State has Extensive Powers to Punish Non-Payment of Taxes by seizing Property or Suspending Licenses. He has previously blamed the Problem on, his Father-in-Law, 'Taxi King' Evgeny Freidman, whose Associates Control the Lawyer's 17 Companies.

Friedman was Charged last year with Stealing $5 Million he should have paid to New York State. He Denies the Charges. Cohen entered the vibrant world of New York Taxis in March 1997, when he Registered Five New Cab Companies.

Medallions have been valued at up to $1 Million, although prices have plummeted in value because of Uber and other Competitors. Now they sometimes fetch less than $200,000, putting Cohen’s Investment at just a Fifth of its peak value.

NYC Wins When Everyone Can Vote! Michael H. Drucker
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