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This is an interesting article. No wonder most of the world doesn't trust him. He rode the coattails of his father and has dodge taxes since he was an adult. Many people have doubted Trump's stories of how he became successful, with good reason. The findings are credible.
The Trumps’ tax maneuvers show a pattern of deception, tax experts say
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.
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.
Certainly a handful of journalists and biographers, notably Wayne Barrett, Gwenda Blair, David Cay Johnston and Timothy L. O’Brien, have challenged this story, especially the claim of being worth $10 billion. They described how Mr. Trump piggybacked off his father’s banking connections to gain a foothold in Manhattan real estate. They poked holes in his go-to talking point about the $1 million loan, citing evidence that he actually got $14 million. They told how Fred Trump once helped his son make a bond payment on an Atlantic City casino by buying $3.5 million in casino chips.
With as many lies as Donald Trump tells on a daily basis, it should not surprise anyone that he has had shady dealings all his life. He didn't suddenly turn into this serial liar when he won the election...….he had years and years of practice.
I dont see trying to keep your money out the hands of greedy government as dodging anything but a robbery.
You can only chuckle when people who itemize their taxes complain about others minimizing their own tax burden.
With as many lies as Donald Trump tells on a daily basis, it should not surprise anyone that he has had shady dealings all his life. He didn't suddenly turn into this serial liar when he won the election...….he had years and years of practice.
This is true. He is the biggest and most prolific liar ever in all history of all mankind.
I think Trump would agree as long as I use superlatives that he loves.
If people actually read the tax bill, they'd see they would get a big windfall last year, a smaller one this year and so forth until it flips and they end up paying MORE in several years. Meanwhile, the 1% makes out like a bandit and has time and the means to shelter their assests.
Trump is a con-man, plain and simple. Love him today but Trump will only leave you out in the cold with only your underwear eventually.
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