This New York Times piece is worth your time. Here’s what is happening, as simply as I can put it.
Back in January, Trump sued the IRS, an agency he controls, demanding $10 billion over the leak of his tax returns a number of years ago.
IRS lawyers did their jobs. They wrote a memo laying out the defenses that could beat the suit, including the fact that Trump filed too late. His own lawyer was in court when the leaker pleaded guilty in October 2023, more than two years before Trump sued.
The Justice Department never showed up to court. Never argued back. Never used the defenses sitting on their desk.
The judge got suspicious and ordered both sides to explain whether they were actually opposing each other or just colluding. The day before that brief was due, Trump dropped the suit.
Same day, his Justice Department announced a $1.776 billion taxpayer-funded “anti-weaponization fund.”
Trump gets a formal apology. The IRS agrees to drop any audits of him and his family, even though a 2024 Times report found a loss in an ongoing audit could cost him over $100 million.
The acting Attorney General, Trump’s former criminal defense attorney, picks the five commissioners who decide who gets paid. Trump can fire any of them. Proud Boys and Oath Keepers are not ruled out.
This is the most corrupt thing I’ve ever seen from an American president.
Where in the hell are my Republican colleagues?
https://t.co/La0nlLuz1r
Oz the Mentalist, exposed: @PabloTorre and Stevie Baskin break down how viral tricks get engineered with pre-show "meta-deception" and "a fake Google page" in disguise.
🚨do you understand what just happened..
Trump sued his own IRS for $10 billion over leaked tax returns.. then settled with his own DOJ.. and the settlement created a $1.776 billion taxpayer-funded fund to compensate his political allies
the president filed the lawsuit.. the president's DOJ settled it.. the president's allies collect the money.. and you're paying for it
the fund covers Jan 6th defendants.. Mar-a-Lago raid claims.. the Russia investigation.. anyone who says they were a victim of "lawfare" can file a claim and get a check
they named it the "Anti-Weaponization Fund".. and made the number $1.776 billion.. they even made the corruption patriotic
in 1974 Nixon resigned for using government agencies against political enemies.. in 2026 the government is cutting checks to political allies and calling it justice
Congratulations to the Super Bowl champion @Seahawks! This defense was special. MVP Kenneth Walker was dominant. And Sam Darnold gave us one of the best comeback stories in a long time. Enjoy the celebration.
COMMANDER: We’re fighting for freedom. And part of that freedom… is the freedom to retire with dignity. So we’re going to start accounts called 401(k)s.
SOLDIER 1: What’s a 401(k)?
COMMANDER: It’s a retirement account. You put money in, it grows tax-free, you take it out when you’re old.
SOLDIER 2: So I don’t pay taxes on it?
COMMANDER: Well, you pay taxes later. When you withdraw.
SOLDIER 2: So it’s not tax-free.
COMMANDER: It’s…tax-deferred.
SOLDIER 2: What’s the difference?
COMMANDER: You pay taxes later instead of now.
SOLDIER 1: What if I want to pay taxes now?
COMMANDER: Then you do a Roth 401(k).
SOLDIER 3: What’s a Roth?
COMMANDER: You pay taxes now, and it grows tax-free.
SOLDIER 2: That’s what I thought the first one was.
COMMANDER: No, the first one you pay taxes later.
SOLDIER 1: Which one’s better?
COMMANDER: Depends on your tax bracket in retirement.
SOLDIER 1: …How would I…know that?
COMMANDER: You don’t. You just guess.
⸻
SOLDIER 4: What if I don’t have a 401(k) through my employer?
COMMANDER: Then you open an IRA.
SOLDIER 4: What’s the difference?
COMMANDER: One’s through your job, one’s on your own.
SOLDIER 4: Can I have both?
COMMANDER: Yes.
SOLDIER 4: Should I?
COMMANDER: Maybe.
SOLDIER 3: Can I do a Roth IRA?
COMMANDER: Only if you make under a certain amount.
SOLDIER 3: What’s the limit?
COMMANDER: Changes every year.
SOLDIER 2: What if I make too much?
COMMANDER: Then you do a backdoor Roth by putting it in a Traditonal first.
SOLDIER 2: …Is that legal?
COMMANDER: Surprisingly, yes.
SOLDIER 1: What’s a backdoor Roth?
COMMANDER: You contribute to a traditional IRA, then convert it to a Roth…but watch out for “pro rata”.
SOLDIER 1: Why wouldn’t I just contribute to the Roth directly?
COMMANDER: Because you make too much money.
SOLDIER 1: But this way I can?
COMMANDER: Yes.
SOLDIER 1: That feels like a loophole.
COMMANDER: It is. But the IRS is cool with it.
⸻
SOLDIER 5: I just changed battalions. What do I do with my old 401(k)?
COMMANDER: You roll it over.
SOLDIER 5: Into what?
COMMANDER: An IRA. Or your new 401(k). Depends.
SOLDIER 5: On what?
COMMANDER: The funds. The fees. Whether your new plan accepts rollovers.
SOLDIER 5: What if I just take the money out?
COMMANDER: You’ll pay taxes plus a 10% penalty.
SOLDIER 5: What if I’m 59?
COMMANDER: Penalty.
SOLDIER 5: 59 and a half?
COMMANDER: No penalty.
SOLDIER 5: …The half matters?
COMMANDER: The half matters.
⸻
SOLDIER 3: What’s a mega backdoor Roth?
COMMANDER: Okay. So. Your 401(k) has a limit of how much you can contribute.
SOLDIER 3: Right.
COMMANDER: But the total limit including employer contributions is higher.
SOLDIER 3: Okay…
COMMANDER: So if your plan allows ~after-tax~ contributions, you can put in more, then convert that to Roth.
SOLDIER 3: Does my plan allow that?
COMMANDER: I don’t know. You have to ask Betsy.
SOLDIER 3: Will Betsy know?
COMMANDER: Probably not.
⸻
SOLDIER 2: Can I deduct my IRA contribution on my taxes?
COMMANDER: Are you covered by a retirement plan at work?
SOLDIER 2: Yes.
COMMANDER: Then only if you make under a certain amount per year.
SOLDIER 2: What’s the amount?
COMMANDER: Depends if you’re married.
SOLDIER 2: What if my wife has a plan but I don’t?
COMMANDER: Different limit.
SOLDIER 2: What if neither of us has a plan?
COMMANDER: Full deduction.
SOLDIER 2: So it’s better to not have a 401(k)?
COMMANDER: No…
⸻
SOLDIER 1: Can I just keep my money in a sock?
COMMANDER: You could. But inflation will slowly destroy it.
SOLDIER 1: What’s inflation?
COMMANDER: (sighs)…