Trump Campaign CEO Steve Bannon Failed To Properly Pay Taxes For Several Years

Source: Huffington Post


WASHINGTON ― The new CEO of Donald Trump’s presidential campaign failed to properly pay his taxes for several years in the 1990s, according to an analysis of public records.

Steve Bannon, executive chairman of the conservative website Breitbart News, will be overseeing the Trump campaign staff and day-to-day operations. On Wednesday, Bannon took a leave of absence from his job at Breitbart, which has been one of Trump’s biggest media cheerleaders. The move was seen as a blow to Trump’s campaign chairman, Paul Manafort, who had overseen the campaign for the last two months. Manafort will retain his title, but insiders said his role in the campaign will be significantly diminished.

In 1990, after a stint as an investment banker at Goldman Sachs, Bannon and a few of his colleagues launched Bannon & Co. in Beverly Hills, California. In a profile on Bannon published last year, Bloomberg Businessweek’s Joshua Green described the business as a “boutique investment bank specializing in media”:

According to public records, Bannon had five federal tax liens filed against him at his firm’s Beverly Hills office between 1994 and 1998, totaling $481,951. The federal liens were released by April 2000.
He also had at least three state tax liens totaling $119,736 filed against him in the same period. It’s unclear whether the state liens corresponded to property taxes, income taxes or payroll taxes. Those liens were released by April 2000 as well.

Moreover, Bannon had a civil judgment lien filed against him for $84,075 by creditors in 2011, when he was serving as CEO of a firm called Affinity Media. He left Affinity the following year to serve as executive chairman of Breitbart News LLC, the parent company of Breitbart News.






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