Impeachment Trial of The Don

oldngray

nowhere special
Indeed

Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father

The president has long sold himself as a self-made billionaire, but a Times investigation found that he received at least $413 million in today’s dollars from his father’s real estate empire, much of it through tax dodges in the 1990s.

President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found.

Mr. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder Fred C. Trump, provided almost no financial help.

But The Times’s investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr. Trump received the equivalent today of at least $413 million from his father’s real estate empire, starting when he was a toddler and continuing to this day.

Much of this money came to Mr. Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents, records and interviews show. Records indicate that Mr. Trump helped his father take improper tax deductions worth millions more. He also helped formulate a strategy to undervalue his parents’ real estate holdings by hundreds of millions of dollars on tax returns, sharply reducing the tax bill when those properties were transferred to him and his siblings.

These maneuvers met with little resistance from the Internal Revenue Service, The Times found. The president’s parents, Fred and Mary Trump, transferred well over $1 billion in wealth to their children, which could have produced a tax bill of at least $550 million under the 55 percent tax rate then imposed on gifts and inheritances.

The Trumps paid a total of $52.2 million, or about 5 percent, tax records show.”

NYT hit piece?

They even admitted it was OK with the IRS
 

It will be fine

Well-Known Member
Actually there is a law against using your office to enrich family members. Whether Hunter did anything illegal remains to be seen. His father setting him up for life is where laws were broken.
So you’re cool with Jared selling visas to Chinese investors? Jared actually works in the White House. He works directly with policy. Hunter worked at hookers and blow, big difference.
 

DriveInDriveOut

Inordinately Right
So you’re cool with Jared selling visas to Chinese investors? Jared actually works in the White House. He works directly with policy. Hunter worked at hookers and blow, big difference.
Wow you're still pushing that old debunked conspiracy theory? Get a grip comrade.

It was looked into and no wrongdoing was found. Unlike the Bidens who had the DNC launch a massive cover up of quid pro Joe's shady dealings in Ukraine.
 

Turdferguson

Just a turd
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newfie

Well-Known Member
Indeed

Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father



President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found.


trump has been under the microscope for a while now and no one has found anything illegal on him, though lord knows they tried.

so the times article has to use the word dubious to allege shady dealings since nothing illegal can be proven.
 
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