He'll just pay income tax on whatever his Save America PAC pays to handle his legal troubles. The Trumpees on here will praise it as brilliant legal and political maneuvering by their God Emperor.
New campaign filings show Trump's fundraising haul off claims of voter fraud
"President Trump's full campaign effort raised $495 million between Oct. 15 and Nov. 23, according to new FEC filings, a total that includes the Trump campaign, the Republican National Committee and other affiliated committees.
Nearly half of that — $207.5 million — was raised since Election Day (between Nov. 3 and Nov. 23). Much of this haul has come from fundraising appeals that include
unsubstantiated claims of voter fraud, and it's an enormous amount for the GOP effort to be able to raise after
losing an election. The Trump fundraising effort has sent more than 500 fundraising emails since Nov. 4, plus hundreds of text messages soliciting donations. "
As legal troubles pile up, Trump has an easy way to get out of paying the bills himself
"But Trump might not even have to jump through any of those hoops trying to justify the expenses. Kappel says that in addition to his remaining campaign cash—about
$10.7 million at last count—Trump could make use of the war chest he has accumulated with his new Save America PAC."
"There are almost no restrictions on how the money raised by this PAC can be used because it’s what is known as a “non-connected PAC,” meaning it’s not directly involved in supporting a specific candidate. Campaign committees, on the other hand, have at least scant restrictions on how the money may be used. “The personal use prohibition literally applies only to money given to a candidate for a campaign so it only applies to campaign committees, doesn’t apply necessarily to leadership PACs, and certainly doesn’t apply to non-connected PACs,” Kappel says.
While that money is free to be used to cover Trump’s legal fees for problems whether they’re politically connected or not—like responding to the New York attorney general’s investigation into his company’s finances or even the sparring with his Palm Beach neighbors—there is at least one catch, Kappel says.
“If someone else pays a debt you owe, that’s income to you, so there would be tax consequences,” he explains. In the eyes of tax authorities, paying a legal bill would be considered the same as just giving him money. So that means if the PAC pays his legal bills, Trump would in effect have to pay income tax on the money.
It wouldn’t be nothing for Trump to pay taxes on someone else’s decision to pay his legal bills, but it’s a small one compared to actually paying the bills himself. Then again, Trump’s enthusiasm for tax avoidance is one of the major reasons he needs lawyers in the first place."