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

[HankD]

So you are involved in the investigation and know information that is being kept secret under the gag order? Unless that is true, then you cannot know and you have no basis to make your claim.

Yes I do. I have anonymous unnamed sources.

 

[RighteousnessTemperance&]

Everything you hear on the radio must be true, just like everything you see on television.

No, yet you seem to think the NYT to be gospel. Do you not realize just how biased they are? And the Washington Post, and the MSM in general? You seem to be extremely selective in your outrage and sense of justice, just like the Democrats, progressives, socialists, feminists, SJWs, and the like.

 

[RighteousnessTemperance&]

You responded to just a small portion of the introductory material that I quoted from a 14,000+ word story with extensive detail. Since you misinterpreted the small part that was quoted, you can be sure you have made a faulty judgment.

The article presents no basis, only claims such. Mere allegation is not evidence. The article carries less weight than Ford’s testimony. It is shabbily and shoddily presented so that dollar amounts cannot be directly compared. It uses the phrase “the Trumps” such that one cannot be sure who is being referenced. Etc., etc., etc.

 

[kyredneck]

And it is not directly related to Mueller's investigation.

BINGO! The headline reads:

'Justice Dept. indicts 7 Russian intelligence officers in international hacking scheme'

Specifically mentioned within the article:

"...the current indictment does not arise out of special counsel Robert Mueller's work....."

Reading between the lines....more evidence that the special counsel is winding down, the credit went to the 'Justice Dept.'

Also 'reading between the lines', Methinks Trump has 'flipped' Rosenstein, which has everything to do with the way this was announced.

When I said:

I seriously doubt that you bother to look in this direction

...I'm referring to expanding your horizon a little to include sources OTHER than liberal MSM for information. A very good "one stop & shop" site is:

WHATFINGERNEWS

 

[HankD]

So what's next?

Just what is the DNC platform? I mean the practical platform, the one they are pushing on public media, social media...

Socialism.
No Borders.
No straws.
No guns.
Take back crumbs.
More sanctuary cities.
Choose gender.
Choose bathroom.
Impeach Trump and Kavanaugh.
Free everything (college, health ins.).

 

[church mouse guy]

Yes I do. I have anonymous unnamed sources.

A little birdie told me so the truth is out

 

[RighteousnessTemperance&]

Yes I do. I have anonymous unnamed sources.

You left out "rock solid" and "highly placed."

 

[Yeshua1]

--
NY Times expose of Trump Family financial information demonstrating how the myth of Donald Trump was created.

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.

Mr. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder Fred C. Trump, provided almost no financial help.

But The Times’s investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr. Trump received the equivalent today of at least $413 million from his father’s real estate empire, starting when he was a toddler and continuing to this day.

Much of this money came to Mr. Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents, records and interviews show. Records indicate that Mr. Trump helped his father take improper tax deductions worth millions more. He also helped formulate a strategy to undervalue his parents’ real estate holdings by hundreds of millions of dollars on tax returns, sharply reducing the tax bill when those properties were transferred to him and his siblings.

These maneuvers met with little resistance from the Internal Revenue Service, The Times found. The president’s parents, Fred and Mary Trump, transferred well over $1 billion in wealth to their children, which could have produced a tax bill of at least $550 million under the 55 percent tax rate then imposed on gifts and inheritances.

The Trumps paid a total of $52.2 million, or about 5 percent, tax records show.

The president declined repeated requests over several weeks to comment for this article. But a lawyer for Mr. Trump, Charles J. Harder, provided a written statement on Monday, one day after The Times sent a detailed description of its findings. “The New York Times’s allegations of fraud and tax evasion are 100 percent false, and highly defamatory,” Mr. Harder said. “There was no fraud or tax evasion by anyone. The facts upon which The Times bases its false allegations are extremely inaccurate.”

...

The findings are based on interviews with Fred Trump’s former employees and advisers and more than 100,000 pages of documents describing the inner workings and immense profitability of his empire. They include documents culled from public sources — mortgages and deeds, probate records, financial disclosure reports, regulatory records and civil court files.

The investigation also draws on tens of thousands of pages of confidential records — bank statements, financial audits, accounting ledgers, cash disbursement reports, invoices and canceled checks. Most notably, the documents include more than 200 tax returns from Fred Trump, his companies and various Trump partnerships and trusts. While the records do not include the president’s personal tax returns and reveal little about his recent business dealings at home and abroad, dozens of corporate, partnership and trust tax returns offer the first public accounting of the income he received for decades from various family enterprises.

--

It's a lengthy piece, but well worth your time.

NY Times expose of Trump Family financial information demonstrating how the myth of Donald Trump was created.

I thought personal tax returns are not to be seen by the NY Times? And whya re they allowed to keep on going on these witch hunts of theirs, as He won fair and square!

 

[Earth Wind and Fire]

No, yet you seem to think the NYT to be gospel. Do you not realize just how biased they are? And the Washington Post, and the MSM in general? You seem to be extremely selective in your outrage and sense of justice, just like the Democrats, progressives, socialists, feminists, SJWs, and the like.

And yet trump says he loves the NYT. Imagine that, Mr. Benevolence.

 

[HankD]

And yet trump says he loves the NYT. Imagine that, Mr. Benevolence.

It's the crossword puzzle.

 

[rsr]

Sorry, BB, you're banging your head against the wall.

Anyone who knows anything about New York real estate could tell you that Trump (and Trump Sr.) were corrupt. It goes with the territory: mobbed-up construction, paying off building inspectors, paying off politicians for projects, turning off the utilities and refusing to do maintenance to get tenants to move. Valuing your property cheaply for tax purposes and inflating its value for loans. The list goes on.

That's the atmosphere Trump cut his teeth in and that's the outlook he has on life. The fact that he's congenitally corrupt is, perversely, a recommendation to those who are forever Trumpers. Trump knows how to put it to The Man, even though he is The Man. Except he'll never be The Man, as president, because at heart he's a corrupt barker and confidence man.

 

[Adonia]

Ya know what happens when you ‘assume’ don’t you

Okay, I shall withdraw the word "assume". It now reads: "They (IRS) didn't, so we must ACCEPT THE FACT that the Trump family were adhering to all Federal income related laws". Is that better?

 

[carpro]

Now do the Kennedys.

Sent from my Nexus 7 using Tapatalk

They're not republicans.

 

[carpro]

OK who's next? Soros?

Never happen. He's a leftist.

 

[Adonia]

Sorry, BB, you're banging your head against the wall.

Anyone who knows anything about New York real estate could tell you that Trump (and Trump Sr.) were corrupt. It goes with the territory: mobbed-up construction, paying off building inspectors, paying off politicians for projects, turning off the utilities and refusing to do maintenance to get tenants to move. Valuing your property cheaply for tax purposes and inflating its value for loans. The list goes on.

That's the atmosphere Trump cut his teeth in and that's the outlook he has on life. The fact that he's congenitally corrupt is, perversely, a recommendation to those who are forever Trumpers. Trump knows how to put it to The Man, even though he is The Man. Except he'll never be The Man, as president, because at heart he's a corrupt barker and confidence man.

So they were as corrupt as any other big shot here in America. The Kennedy's, the Clinton's, etc., no big deal really, that is how it's done. Face it, we live in the kind of society where people like former Senator Harry Reid of Nevada (who spent like 30 years in the Congress) can become a multi-millionaire on a government salary.

 

[Adonia]

I don't like estate taxes either, but that's not the point. Estate taxes were the law at the time the Trump family allegedly used illegal means to circumvent them.

At least you use the word "allegedly" and I appreciate that. Perhaps their tax lawyers were just the best in the business, you know the same type of lawyers that every rich person hires. Face it, be it liberals or conservatives everyone really wants to keep as much of their money as they can.

 

[carpro]

What is the Donald Trump "myth"?

 

[canadyjd]

For some, that he can read and write.

 

[HankD]

Never happen. He's a leftist.

I meant on our part.

ping-pong. Now its our turn.

 

[RighteousnessTemperance&]

And yet trump says he loves the NYT. Imagine that, Mr. Benevolence.

Have we already forgotten the "Love your enemies" rule? We don't have to agree with them to love them.