"Plaintiffs will or may use this assignment for an improper, political...purpose, creating the confusing, and inaccurate, appearance that Defendant is now somehow suing candidate Trump."
they can force trump to pay Rudy and the money immediately goes to who he owes money to.
Yeah I phrased that a little poorly, but yeah it would immediately go to them, but he would still be “paying” Rudy for accounting purposes.
Theyd probably structure it thru a bank so it just passes thru his account for a literal instant
But for tax purposes it’s still income for Rudy, he still has to pay taxes on the 2 million lol. So I think it technically it has to touch his pocket, or maybe they can set up a temporary trust, rich people do crazy shit.
Usually they transfer the ownership of the debt, same way your bank might sell your mortgage to another bank. I doubt they’d let it pass through his account, else he or some other unscrupulous actor might mess with the transfer.
I also don’t think it counts as income for Giuliani, since he never actually collects on the debt.
I don’t think this is right. If they take the debt, they can go after Trump to collect themselves, they can’t force him to pay Giuliani.
Yeah I phrased that a little poorly, but yeah it would immediately go to them, but he would still be “paying” Rudy for accounting purposes.
Theyd probably structure it thru a bank so it just passes thru his account for a literal instant
But for tax purposes it’s still income for Rudy, he still has to pay taxes on the 2 million lol. So I think it technically it has to touch his pocket, or maybe they can set up a temporary trust, rich people do crazy shit.
Usually they transfer the ownership of the debt, same way your bank might sell your mortgage to another bank. I doubt they’d let it pass through his account, else he or some other unscrupulous actor might mess with the transfer.
I also don’t think it counts as income for Giuliani, since he never actually collects on the debt.
Yeah. I’m not sure
I tried to search for the answer, but all the results are about tax implications for receiving a settlement.