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 presidents 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 fathers estate was closed in 2001 by both the Internal Revenue Service and the New York State tax authorities, and our mothers 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 ...
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.
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.
Funny how they keep referring the money he received from his father using the words “in today’s dollars”
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
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 !
Have they given up so completely on all the other fake news stories, that now they’re reduced to accusing him of being rich?
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.
Chertainly the biggest chrime since Chlevelands Chlaude Chooper chopped the chlean chopper chlappers from the Acme School Bell Chompanys chloset.
Surely that criminal bitch Lois Lerner would have done something if there was any wrong doing.
There is no there there.
FU NYT!
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.
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.
Insurance in case the fake assult/rape/etc trick doesnt work. Even if desperate, I wouldnt wipe myself with that paper.
I came here to find the source of this article. I guessed the NY Times. They’re so predictable.
even hypocrites like warren buffet, who liberals applaud, use tax laws to transfer assets to their kids so as to avoid taxation...
there MUST be an electronic trail of whoever looked at his returns
By “schemes”, they mean he engaged in lawful practices to avoid paying more than he legally owed.
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!
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.
Yep. The Kav circus wasn’t having the impact they wa ted so they are going to try something else.
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