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Donald Trump

Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.

The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.

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Fox News May Score $213 Million Tax Write-Off From Dominion Settlement

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thewrap.com

Lever News, which first reported the write-off potential and set the deduction at $213 million, noted that the IRS has ruled multiple times that settlements payments can be deducted.The settlement reached Tuesday will result the largest-known defamation payout in U.S.

history, after Fox agreed to the deal at the last minute. A jury was seated and lawyers were poised to begin their opening statements at trial when the judge announced the agreement made over lunch.Dominion sued Fox for $1.6 billion in 2021, claiming the news outlet sold a “false story of election fraud” in order to hold onto viewers in disregard of the truth.

In recent months, details of behind-the-scenes texts and emails released in the case revealed that hosts Tucker Carlson, Sean Hannity and others privately rejected Donald Trump’s claims of election fraud, but continued to support them on air for fear of losing its audience to rivals like Newsmax and OAN that were broadcasting the claims.Fox confirmed the size of the settlement in a regulatory filing late Wednesday.

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