Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father
New York Times ^ | October 2, 2018 | David Barstow, SSusanne Craig, and Russ Buettner

Posted on 10/02/2018 12:41:13 PM PDT by Reno89519

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.

Snippets: "The president’s parents, Fred and Mary Trump, transferred well over $1 billion in wealth to their children." and "President Trump had virtually no involvement whatsoever with these matters".

Robert Trump, the president's brother: "Our dear father, Fred C. Trump, passed away in June 1999. Our beloved mother, Mary Anne Trump, passed away in August 2000. All appropriate gift and estate tax returns were filed, and the required taxes were paid. Our father’s estate was closed in 2001 by both the Internal Revenue Service and the New York State tax authorities, and our mother’s estate was closed in 2004. Our family has no other comment on these matters that happened some 20 years ago, and would appreciate your respecting the privacy of our deceased parents, may God rest their souls."

(Excerpt) Read more at nytimes.com ...


TOPICS: Breaking News; Crime/Corruption; News/Current Events; Politics/Elections
KEYWORDS: bias; braking; donaldtrump; fredtrump; marytrump; mediabias; schemes; taxes; trump
Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-134 next last
To: Reno89519

I’m sure it went into a trust. I doubt they just threw it in his playpen. What a bunch of idiots. So journalists are now estate planning experts. Even after the IRS and NY state signed off on it.


101 posted on 10/02/2018 2:10:56 PM PDT by VA40
[ Post Reply | Private Reply | To 73 | View Replies]

To: nopardons

I suspect that all of that ( if it’s even true/factual ) was put in trust band he never saw a penny of it, at those ages.


What? You don’t think Fred would give 3 year old Donnie $12,000 in cash to buy candy and toys? I’m stuned.

But, seriously, I agree with you.


102 posted on 10/02/2018 2:17:15 PM PDT by rwa265
[ Post Reply | Private Reply | To 66 | View Replies]

To: Reno89519

Funny how they keep referring the money he received from his father using the words “in today’s dollars”


103 posted on 10/02/2018 2:21:42 PM PDT by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reno89519

The NY Times already floated that tax story just days before the 2016 election in an attempt to sink his election chances. Now theyre just dusting off and recycling this old “scandal”, acting as if it was a brand new breaking story.

https://www.nytimes.com/2016/11/01/us/politics/donald-trump-tax.html


104 posted on 10/02/2018 2:25:30 PM PDT by lowbridge
[ Post Reply | Private Reply | To 1 | View Replies]

To: rwa265
LOL...of course not. ;^)

Tax deductions and set-asides in trust for children have changed GREATLY, since Fred Trump's time and inflating what he put in trust, to today's money, is also crazy!

This whole article is specious; not to mention SLANDER/LIBEL/DEFAMATION/PROPAGANDA !

105 posted on 10/02/2018 2:25:37 PM PDT by nopardons
[ Post Reply | Private Reply | To 102 | View Replies]

To: Reno89519

Have they given up so completely on all the other fake news stories, that now they’re reduced to accusing him of being rich?


106 posted on 10/02/2018 2:34:52 PM PDT by Eleutheria5 (“If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reno89519

Shep makes me sick, and has for a long time. He really doesn’t belong on FOX as a “broadcaster” who can’t conceal his bias, he has a lot more in common with that endless rancid parade of “Democrat Strategists” who FOX seems to think it’s necessary to book, usually driving Laura and Tucker crazy. Laura is too respectful to them, but Tucker (the best thing on FOX, easily) has no problem laughing right in their faces.


107 posted on 10/02/2018 2:35:06 PM PDT by supremedoctrine
[ Post Reply | Private Reply | To 38 | View Replies]

To: Steely Tom
It would be the chrime of the chentury.

Chertainly the biggest chrime since Chleveland’s Chlaude Chooper chopped the chlean chopper chlappers from the Acme School Bell Chompany’s chloset.

108 posted on 10/02/2018 2:36:16 PM PDT by SFConservative
[ Post Reply | Private Reply | To 45 | View Replies]

To: BenLurkin

Surely that criminal bitch Lois Lerner would have done something if there was any wrong doing.

There is no there there.

FU NYT!


109 posted on 10/02/2018 2:39:13 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Reno89519

The Slimes thought this was such a great hit they could hold it until 2020; but like the rest of what they write it’s a pile of warmed over crap.


110 posted on 10/02/2018 2:44:34 PM PDT by jmaroneps37 (Conservatism is truth. Liberal is lies.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reno89519

The $200,000 when Donald was 3 was $19,552.

Wealthy people have many legal ways to transfer wealth to their children. If the liberals didn’t want to take everything someone has earned when they die through the estate tax, they wouldn’t have to do so much estate planning.


111 posted on 10/02/2018 2:47:37 PM PDT by Rusty0604
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reno89519

Insurance in case the fake assult/rape/etc trick doesn’t work. Even if desperate, I wouldn’t wipe myself with that paper.


112 posted on 10/02/2018 2:52:19 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day”)
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #113 Removed by Moderator

To: Reno89519

I came here to find the source of this article. I guessed the NY Times. They’re so predictable.


114 posted on 10/02/2018 3:09:16 PM PDT by Forgiven_Sinner (Seek you first the kingdom of God, and all things will be given to you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rusty0604

even hypocrites like warren buffet, who liberals applaud, use tax laws to transfer assets to their kids so as to avoid taxation...


115 posted on 10/02/2018 3:12:57 PM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
[ Post Reply | Private Reply | To 111 | View Replies]

To: Reno89519
and there's no FELONY involved here?

there MUST be an electronic trail of whoever looked at his returns

116 posted on 10/02/2018 3:25:23 PM PDT by Chode ( WeÂ’re America, Bitch!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reno89519

By “schemes”, they mean he engaged in lawful practices to avoid paying more than he legally owed.


117 posted on 10/02/2018 3:41:22 PM PDT by Blood of Tyrants (Democratic socialism is when the majority of people vote to steal your property.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reno89519

whoa, so a real rich guy arranged his family’s finances so that the money wasn’t taxed by a giant federal bureaucracy?

Maybe we should’ve elected Trump’s DAD President a few years ago!


118 posted on 10/02/2018 4:12:21 PM PDT by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: A_Former_Democrat

I’m sure they’re looking for a Russian angle as we speak. Might as well try to kill two birds with one hit peace, er, article.


119 posted on 10/02/2018 4:14:35 PM PDT by matt04
[ Post Reply | Private Reply | To 6 | View Replies]

To: TexasGator

Yep. The Kav circus wasn’t having the impact they wa ted so they are going to try something else.


120 posted on 10/02/2018 4:15:57 PM PDT by matt04
[ Post Reply | Private Reply | To 12 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-134 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson