10-02-2018, 03:07 PM
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Join Date: Aug 2004
Location: Canada
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Trump helped his parents evade taxes, 'including instances of outright fraud'
Quote:
Washington (CNN)President Donald Trump helped "his parents dodge taxes," according to an analysis Tuesday from The New York Times, including what the paper calls "instances of outright fraud."
Trump received today's equivalent of at least $413 million from his father and much of that money came from schemes to help his parents evade paying taxes on the fortune his father amassed in a 40-year career, according to the report.
The Times' report claims that Trump and his siblings hid millions of dollars in gifts in what the Times describes as a "sham corporation."
The story is based on a months-long investigation that involved reviewing more than 100,000 pages of financial documents, interviews with Trump's father's business associates and documents from "public sources -- mortgages and deeds, probate records, financial disclosure reports, regulatory records and civil court files."
Trump's parents, the paper says, citing tax records, gave over a billion dollars to Trump and his siblings and paid $52.2 million in taxes on the money. However, the dollar amount could have required at least $550 million in taxes, according to the Times analysis.
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https://www.cnn.com/2018/10/02/polit...mes/index.html
Surprising isn't it? No, of course not. |
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