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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: 114,030 Founders Club
    Has this been FACT CHECKED?
  • SFGbob
    SFGbob Member Posts: 33,183
    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: 20,041 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: 6,000
    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: 114,030 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: 33,183
    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: 48,099
    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?


  • HoustonHusky
    HoustonHusky Member Posts: 6,000
    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.
    Says the guy so mad he hit quote twice before he spent time responding...
  • TurdBomber
    TurdBomber Member Posts: 20,041 Standard Supporter
    Gwad said:

    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.

    And?
  • Sledog
    Sledog Member Posts: 37,811 Standard Supporter
    Gwad said:

    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.

    Jealous much? Oh of course you are you socialist shill! Get a fucking job!
  • HHusky
    HHusky Member Posts: 23,929
    Not so much "suspect tax schemes" as they were just good old tax fraud.

    https://www.nytimes.com/2019/04/10/us/maryanne-trump-barry-misconduct-inquiry.html
  • SFGbob
    SFGbob Member Posts: 33,183
    I hear Roger Clinton did blow and Obama had a sibling in the country illegally

    Hey O’Keefed would you say this Philly shooting is an act of domestic terrorism?
  • Sledog
    Sledog Member Posts: 37,811 Standard Supporter
    Liberal media slinging mud 24/7
  • MikeDamone
    MikeDamone Member Posts: 37,781
    HHusky said:

    Not so much "suspect tax schemes" as they were just good old tax fraud.

    https://www.nytimes.com/2019/04/10/us/maryanne-trump-barry-misconduct-inquiry.html

    Hopefully the IRS will investigate
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,030 Founders Club

    HHusky said:

    Not so much "suspect tax schemes" as they were just good old tax fraud.

    https://www.nytimes.com/2019/04/10/us/maryanne-trump-barry-misconduct-inquiry.html

    Hopefully the IRS will investigate
    We need those tax returns

  • Sledog
    Sledog Member Posts: 37,811 Standard Supporter

    HHusky said:

    Not so much "suspect tax schemes" as they were just good old tax fraud.

    https://www.nytimes.com/2019/04/10/us/maryanne-trump-barry-misconduct-inquiry.html

    Hopefully the IRS will investigate
    We need those tax returns

    I'd much rather read Hillary's emails than Trumps tax returns.
  • HHusky
    HHusky Member Posts: 23,929
    Sledog said:

    Liberal media slinging mud 24/7

    Being past the statute of limitations means it can’t be prosecuted, not that it wasn’t felonious. What did you learn at Mall Cop School?
  • Bendintheriver
    Bendintheriver Member Posts: 7,039 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.

    Jeezus, why does anyone utilize the NYT as a source anymore. They have been caught twisting the truth and out right lying so many times over the last 3 years. They just need to finally and mercifully die off and go away.
  • Bendintheriver
    Bendintheriver Member Posts: 7,039 Standard Supporter
    HHusky said:

    Sledog said:

    Liberal media slinging mud 24/7

    Being past the statute of limitations means it can’t be prosecuted, not that it wasn’t felonious. What did you learn at Mall Cop School?
    Yes and not being prosecuted over those years also means that there was no offense. Its not like the NYT and the City were big huge fans of Trumps prior to his Presidential run.
    Just made up bullshit to get you low information dem voters all riled up.

    The Russians are coming HH, The Russians are coming!!!!!!!!!!!!! Hands UP!!!!!!!!!!

    You really need to try to be less manipulated by your liberals masters.
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,604 Standard Supporter
    Yeah. The "suspect" tax planning that most wealthy family businesses were using and that passed on audit.
  • SFGbob
    SFGbob Member Posts: 33,183

    HHusky said:

    Sledog said:

    Liberal media slinging mud 24/7

    Being past the statute of limitations means it can’t be prosecuted, not that it wasn’t felonious. What did you learn at Mall Cop School?
    Yes and not being prosecuted over those years also means that there was no offense. Its not like the NYT and the City were big huge fans of Trumps prior to his Presidential run.
    Just made up bullshit to get you low information dem voters all riled up.

    The Russians are coming HH, The Russians are coming!!!!!!!!!!!!! Hands UP!!!!!!!!!!

    You really need to try to be less manipulated by your liberals masters.
    Being a liberal dipshit like O'Keefed who swallowed both the "Hands Up Don't shoot" and Russian collusion lies means never having to say you're sorry.
  • HHusky
    HHusky Member Posts: 23,929
    edited August 2019

    Yeah. The "suspect" tax planning that most wealthy family businesses were using and that passed on audit.

    Most wealthy families buy 3+ million dollars of chips at their kid’s casino and walk off with them in a bag? Most wealthy families create a phony distribution company with jacked up prices to gift their kids some dough? Most wealthy families pay their three year olds six figure salaries?

    This was all audited, Gasbag? Got a link?

    Interesting. Sounds like most wealthy families should be in prison.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,030 Founders Club
    HHusky said:

    Yeah. The "suspect" tax planning that most wealthy family businesses were using and that passed on audit.

    Most wealthy families buy 3+ million dollars at their kid’s casino and walk off with them in a bag? Most wealthy families create a phony distribution company with jacked up prices to gift their kids some dough?

    Interesting. Sounds like most wealthy families should be in prison.
    You should notify the authorities

    Sounds illegal
  • HHusky
    HHusky Member Posts: 23,929
    edited August 2019
  • HHusky
    HHusky Member Posts: 23,929

    HHusky said:

    Yeah. The "suspect" tax planning that most wealthy family businesses were using and that passed on audit.

    Most wealthy families buy 3+ million dollars at their kid’s casino and walk off with them in a bag? Most wealthy families create a phony distribution company with jacked up prices to gift their kids some dough?

    Interesting. Sounds like most wealthy families should be in prison.
    You should notify the authorities

    Sounds illegal
    There's a reason his sister resigned her lifetime appointment. No SOL on ethics inquiries.
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,099
    edited August 2019
    HHusky said:

    Yeah. The "suspect" tax planning that most wealthy family businesses were using and that passed on audit.

    Most wealthy families buy 3+ million dollars of chips at their kid’s casino and walk off with them in a bag? Most wealthy families create a phony distribution company with jacked up prices to gift their kids some dough? Most wealthy families pay their three year olds six figure salaries?

    This was all audited, Gasbag? Got a link?

    Interesting. Sounds like most wealthy families should be in prison.
    Of course -you'd be fairly surprised at the lengths people go through to minimize their taxes.

    There's entire departments of very large accounting and legal firms whose sole purpose is to draw up diagrams and execution plans and various legal entities to take advantage of tax law, both domestically and internationally.

    Are you really this fucking walk.safety.up that you don't understand the real world?!? We're not talking W-2/1099 income and tax ramifications here. Christ.

    Even HondoFS gets this - I think he does anyway. His firm likely has a tax dodgermitigation expert.