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Forbes Daily Briefing

Trump’s Tax Immunity Could Save Him More Than $600 Million

Forbes Daily Briefing

Forbes

Business, Tech News, News

4.418 Ratings

🗓️ 26 May 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

Acting Attorney General Todd Blanche signed a document Tuesday giving Donald Trump, his two eldest sons and his company broad immunity for potential tax disputes with the federal government. It’s the clearest way that the president is personally benefitting from his settlement with the Internal Revenue Service, which he sued days after taking office for failing to prevent the release of his personal tax returns. The settlement lands at a convenient moment. Donald Trump earned an estimated $1.4 billion from crypto and licensing ventures in 2025, as he turned his first year back in the White House into the most lucrative year of his life. If the president received an extension for his 2025 return, his preparers may be sorting through exactly how to present this year’s welter of income right now. Trump has never hidden the animating principle. When Hillary Clinton accused him of paying no taxes in the 2016 debates, he replied: “That makes me smart.” Also much richer. If Trump is able to conjure up theories to avoid taxes for his 2025 income, he could save more than a half-billion dollars, according to Forbes estimates.  The conflict-of-interest underpinning all of this is so obvious that even Trump has acknowledged it. “I’m the one that makes the decision, right?” he mused in the Oval Office in October. “You know, that decision would have to go across my desk. And it’s awfully strange to make a decision where I’m paying myself.” Trump first suggested he would send whatever judgement he received to charity, before settling on a more creative approach. The government would not pay Trump. Instead, Trump would get a pass enabling him to pay less to the government. The move harkens the old cliché—a penny saved is a penny earned—with the same result: more money in Trump’s pocket. By Dan Alexander, Senior Editor Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:03.3

Bloomberg follows the money.

0:05.4

Because behind every headline is a bottom line.

0:09.3

Whether it's the funds fueling AI or crypto's trillion dollar swings,

0:13.8

there's a money side to every story.

0:16.5

And when you see the money side, you understand what others miss.

0:20.8

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0:25.3

Subscribe now at Bloomberg.com.

0:31.3

Attention all passengers.

0:37.0

The Uber ride for Jeff's rugby team will depart in five minutes from Platform 15. Your ride comes with six toilets and a

0:40.1

refreshments carriage that you'll empty within five minutes. Thank you for booking your tickets on

0:46.3

Uber. Trains on Uber. Today on Forbes, Trump's tax immunity could save him more than $600 million.

0:57.0

Acting Attorney General Todd Blanche signed a document last week, giving Donald Trump, his two eldest sons, and his company,

1:07.0

broad immunity for potential tax disputes with the federal government. It's the clearest way that the president is personally benefiting from his settlement,

1:14.6

if you can call it that, with the Internal Revenue Service,

1:17.6

which he sued days after taking office for failing to prevent the release of his personal tax returns.

1:23.6

The settlement lands at a convenient moment.

1:26.6

Donald Trump earned an estimated $1.4 billion from crypto and light-fuel The settlement lands at a convenient moment.

1:33.2

Donald Trump earned an estimated $1.4 billion from crypto and licensing ventures in 2025,

1:38.2

as he turned his first year back in the White House into the most lucrative year of his life.

1:42.3

If the president received an extension for his 2025 return,

...

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