He had money to pay porn star Stormy Daniels $130,000, but not the more than $50,000 to pay the state for his medallion taxes.
President Trump’s longtime personal lawyer and fixer, Michael Cohen, and his wife, Laura, owe $53,836 in unpaid taxi taxes, according to the state’s Department of Taxation and Finance.
Cohen owns at least 32 taxi medallions that have been managed by associates connected to the “Taxi King,” Evgeny Freidman.
Taxi passengers must pay an added 50 cents fee during each ride. Medallion owners are required to send that money to the state to help fund MTA operations.
But that hasn’t happened in some cases for Cohen’s medallions, state tax records show.
The 11 tax warrants range from $2,031 to $10,166, records show. The oldest dates back to 2013, and the most recent is from this year.
They were all sent to Michael Cohen directly and some list his home address on Park Ave. in Manhattan. The warrants are connected to three companies: Smoochie Cab Corp., Martha Cab Corp., and Laf Hacking Corp.
The Daily News first reported on Cohen’s tax travails in August, when he and his wife owed $37,434 for unpaid taxi taxes. Since then, the debt has continued to grow.
To punish tax scofflaws, the state has the power to garnish wages, seize property, or suspend driver’s licenses. They can also subpoena scofflaws and demand they detail their finances under oath. But that drastic step is almost never taken.
Cohen, 51, has blamed Freidman, a Russian-born taxi magnate, for the tax mess, according to a report in TalkingPointsMemo.
Freidman was arrested last June and charged with four counts of criminal tax fraud and a count of grand larceny. The case is pending.
On Monday, FBI agents raided Cohen’s office and grabbed documents related to his taxi medallion ownership, CNN reported.
The agents also took records tied to his $130,000 payment to Daniels 11 days before the presidential vote in 2016. Daniels says she was paid to keep quiet about an affair she had with the married Trump in 2006.
Cohen says he made the payment with his own money via a home-equity line of credit. He has insisted that the Trump Organization and the Trump campaign did not pay him back.
Cohen could not be reached for comment Tuesday.
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