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

[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."

[Reno89519]

I wish I had a dad like Trump's. "By age 3, Mr. Trump was earning $200,000 a year in today’s dollars from his father’s empire. He was a millionaire by age 8. By the time he was 17, his father had given him part ownership of a 52-unit apartment building. Soon after Mr. Trump graduated from college, he was receiving the equivalent of $1 million a year from his father. The money increased with the years, to more than $5 million annually in his 40s and 50s."

Good for Trump!!!

[Lent]

Only three wrote this tripe?

[BenLurkin]

If the IRS never found anything wrong (and they audit him every year, yes?) then there is nothing wrong.

[ScottinVA]

Ooohh... the New York Times has discovered.

Someone needs to tell those self-important cretins the IRS has audited Trump annually for years and there’s no indication anything as these clowns describe has been found.

[lurk]

One would have expected a slime piece like this years ago. The Times is slowing down.

[A_Former_Democrat]

Here we go, back to the “taxes” issue again

“Suspect” transactions. Like three young pimps from the NYT would have the first bit of knowledge about income, gift and estate taxes.

[Red Badger]

President Trump participated in dubious tax schemes during the 1990s,..........”President Trump had virtually no involvement whatsoever with these matters”. ..................

He wasn’t President and it’s only ‘dubious’ to the NYT writer....................

[Paladin2]

OMG!
The IRS rulz drive crazy behavior?

[Reno89519]

This is a very detailed and long article. Guess this is build up to returning to or creating a new tact against President Trump. They seem to miss the point that all of this was reviewed and closed by the IRS. It was all legal. It is no different than all of us do in regards to taxes, albeit on a smaller scale for most of us.

I am not bothered that Trump and his family is rich, got rich, lost money, whatever. More power to them. We each make our own successes and failures. Trump has a rich life that he is now leveraging as president.

[Telepathic Intruder]

"an investigation by The New York Times has found."

Let me translate that into ordinary person speak: they made stuff up.

[Gahanna Bob]

Total BS.

[TexasGator]

Ran out of Kavanaugh victims.

[just me]

If the IRS had something on President Trump he wouldn’t be president right now.

[Pollster1]

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.

It's a tax attorney's job to find those "dubious schemes" and apply them to your taxes. It's a corrupt Congress that passes the laws that allow for those schemes, and it would be reckless and wasteful to give that money to Congress to waste instead of keeping it in productive private hands. Any such options that were determined to have been tax law violations (or "fraud" as the less than objective journalist characterizes them) have already been litigated and settled by the IRS. Case closed (literally).

[Kazan]

Who the hell cares? Trump has given us the best economy in at least two decades, reworked bad trades and protected US jobs without causing mass inflation.

[mrmeyer]

3 filthy red bastards.

[Cold War Veteran - Submarines]

This is specifically designed to counter the USMCA success. Every time PDJT has a success one of these hit pieces comes out to give their buddies-in-collusion something to consume the news cycle and drown out any trump wins.

[z3n]

If the IRS never found anything wrong (and they audit him every year, yes?) then there is nothing wrong.

~~~~

There WAS nothing wrong.

Then he became President, and not only did he have an [R] next to his name, but he defeated the establishment republicans to do it.

Now.... now there is something wrong twenty years later.

[griswold3]

Nice ‘October Surprise’ attempt, NYT.
People who know how taxation actually work are not phased by this article.
Kinda like Sherrod Brown (D-OH) going after Renaci about his tax error. Yeah, like he does his own taxes. Get real.

[halfright]

Shep is having multiple orgasms on this...never forget