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

Gwad
Gwad Member Posts: 2,855
https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html

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.
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Comments

  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,765 Founders Club
    Has this been FACT CHECKED?
  • SFGbob
    SFGbob Member Posts: 33,188
    And by "tax dodge" he means legal tax avoidance.

    Do you take any deductions off what you pay in income taxes Gwad?
  • TurdBomber
    TurdBomber Member Posts: 20,052 Standard Supporter
    Gwad said:

    https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html

    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.

    How dare parents give money to their kids.
    How dare kids take it.
    How dare kids invest it.
    How dare kids enjoy being rich.
    How dare kids avoid paying taxes.
    How dare kids feel good about themselves.
    How dare kids become POTUS.
  • Gwad
    Gwad Member Posts: 2,855
    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. Trump’s version of how he got rich, he was the master dealmaker who broke free of his father’s “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. Trump’s version, it was always his guts and gumption that overcame setbacks. Fred Trump was simply a cheerleader.
  • HoustonHusky
    HoustonHusky Member Posts: 6,015
    Gwad struggling so hard today he's digging up year old comedy hit pieces from the NYTs to try and distract from it...

  • Gwad
    Gwad Member Posts: 2,855

    Gwad struggling so hard today he's digging up year old comedy hit pieces from the NYTs to try and distract from it...

    Gwad struggling so hard today he's digging up year old comedy hit pieces from the NYTs to try and distract from it...

    Must be a low place to have your self worth tied up in a college football message board moonlighting as political hot talk. Gwad is praying for you.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,765 Founders Club
    I got 15,000 from my dad's estate and promptly lost it in a Hawaii land deal

    So I'm impressed with what Trump has done
  • SFGbob
    SFGbob Member Posts: 33,188
    Gwad said:

    Gwad struggling so hard today he's digging up year old comedy hit pieces from the NYTs to try and distract from it...

    Gwad struggling so hard today he's digging up year old comedy hit pieces from the NYTs to try and distract from it...

    Must be a low place to have your self worth tied up in a college football message board moonlighting as political hot talk. Gwad is praying for you.
    Hey, this is just your troll forum, what's the problem?
  • Gwad
    Gwad Member Posts: 2,855
    SFGbob said:

    Gwad said:

    Gwad struggling so hard today he's digging up year old comedy hit pieces from the NYTs to try and distract from it...

    Gwad struggling so hard today he's digging up year old comedy hit pieces from the NYTs to try and distract from it...

    Must be a low place to have your self worth tied up in a college football message board moonlighting as political hot talk. Gwad is praying for you.
    Hey, this is just your troll forum, what's the problem?
    I care about you guys. GO DAWGS
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,675 Standard Supporter
    Gwad said:

    https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html

    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.

    Well, if you start as a millionaire and turn into a billionaire thereafter.....technically, you are a self-made billionaire.

    Did I miss something in the sequence? Help me here - or should I just walk the safety up right now?