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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father
This article is amazing. Here is some from the article https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html
What emerges from this body of evidence is a financial biography of the 45th president fundamentally at odds with the story Mr. Trump has sold in his books, his TV shows and his political life. In Mr. Trumps version of how he got rich, he was the master dealmaker who broke free of his fathers tiny outer-borough operation and parlayed a single $1 million loan from his father (I had to pay him back with interest!) into a $10 billion empire that would slap the Trump name on hotels, high-rises, casinos, airlines and golf courses the world over. In Mr. Trumps version, it was always his guts and gumption that overcame setbacks. Fred Trump was simply a cheerleader....
Certainly a handful of journalists and biographers, notably Wayne Barrett, Gwenda Blair, David Cay Johnston and Timothy L. OBrien, have challenged this story, especially the claim of being worth $10 billion. They described how Mr. Trump piggybacked off his fathers banking connections to gain a foothold in Manhattan real estate. They poked holes in his go-to talking point about the $1 million loan, citing evidence that he actually got $14 million. They told how Fred Trump once helped his son make a bond payment on an Atlantic City casino by buying $3.5 million in casino chips.
But The Timess investigation of the Trump familys finances is unprecedented in scope and precision, offering the first comprehensive look at the inherited fortune and tax dodges that guaranteed Donald J. Trump a gilded life. The reporting makes clear that in every era of Mr. Trumps life, his finances were deeply intertwined with, and dependent on, his fathers wealth.
Trump's fortune is based on tax fraud
dalton99a
(81,455 posts)malaise
(268,952 posts)rzemanfl
(29,556 posts)Ohiogal
(31,983 posts)Seriously? It sure doesn't surprise me. Remember when, during one of the debates, he said that "not paying your fair share of taxes makes you smart"?
Yet he will dismiss this research as "character assassination" and his base will applaud it as being a "savvy businessman". Because paying taxes is like in the top three things that Right Wingers hate with a passion, and anyone who can wrangle out of doing it will be elevated to hero status in their minds.
libdem4life
(13,877 posts)That may have been more lucrative than tax evasion...that and laundering money. So many crimes...too little "give a shits".
malaise
(268,952 posts)He defrauded hundreds of folks
marybourg
(12,622 posts)Achilleaze
(15,543 posts)Or did he just do what other republicans do and employ "republican family values" to "justify" his cheating?
imanamerican63
(13,783 posts)Elwood P Dowd
(11,443 posts)Pulled himself up by his bootstraps and escaped poverty. Had the biggest lemon aid stand in the history of Manhattan.
Gothmog
(145,151 posts)NightWatcher
(39,343 posts)He's one braincell away from being a cardboard box full of money.
Gothmog
(145,151 posts)unitedwethrive
(1,997 posts)Whoever would have thought he is a lair and a cheat.
Gothmog
(145,151 posts)moondust
(19,974 posts)Will he bring some kind of defamation suit against the "failing" NYT?
My question is why didn't someone look into this fraud 35 years ago when he could have been prosecuted and spare us all these years of bullshit? Rudy? Hello Rudy? You there Rudy?
Gothmog
(145,151 posts)Gothmog
(145,151 posts)smirkymonkey
(63,221 posts)I want to see him cry.