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oh I did read the false spin of the article...""todays dollars"
78 million in 1971 would be over 400 million in ""todays dollars""
He claimed that he received only 1 Million and turned it into a 10 billion, he was a millionaire by age 8 according to the article and was receiving 1 Million a year after college. I think we can dispense with the self made man and crafty businessman claims.
Inflating the cost of building maintenance and justifying raising rent controlled apartments based on boilers and other improvements that never existed isn't legal tax dodging, its swindling.
Why not just read the article rather than guess, here let me help you.
I didn't see proof of that in the article only statements based upon incomplete data. It is certainly possible. I read and understood the article.
The Trumpies still talk like Trump is some kind of master businessman and deal maker. But I would bet that not a single Trumpie this side of Vladivostok would loan Trump money. Not even Trumpies are that stupid.
So... plenty of you don't care if you have a swindler and a tax dodger in the White House as long as "your team" is #winning?
Good lord.
What on Earth?
Quote:
Originally Posted by r small
The Trumpies still talk like Trump is some kind of master businessman and deal maker. But I would bet that not a single Trumpie this side of Vladivostok would loan Trump money. Not even Trumpies are that stupid.
What was the alternative? Hillary Clinton? I will take Trump 1,000,000,000,000,000,000,000 over her.
I didn't see proof of that in the article only statements based upon incomplete data. It is certainly possible. I read and understood the article.
The reporter was on Maddow this past week and seemed to insinuate that she had obtained the actual tax returns. Other reporters mentioned in the article have written articles on his claims from years ago.
But if you were a banker would you loan Trump money?
Sure, why not.
Let me quote this from the WSJ:
In one way excruciatingly detailed by the Times, however, Mr. Trump and his sire are nothing new under the sun. Nobody in their right mind from the compulsive accumulator class pays the punitive federal estate tax. From an early age, such people make sure their lifetime achievements are not sucked up and splattered away in 15 seconds of federal spending. Bill Gates, Jeff Bezos and Mark Zuckerberg, all apparently in the pink of health, have been working for years to shield their assets from the taxman. Sam Walton, the saintly founder of Walmart , in his autobiography advised: “The best way to reduce paying estate taxes is to give your assets away before they appreciate.”
Because politicians find it useful to appease both the envious and the wealthy, the IRS code features both an estate tax and ways to avoid it. A loophole the Times accuses the Trumps of using is a so-called grantor-retained annuity trust, described as “one of the tax code’s great gifts to the ultrawealthy.” Unsurprisingly, it also happens to be a favorite of the Sulzberger family, which owns the New York Times.
You'll like this: the Queensboro Bridge. It connects Manhattan with beautiful Long Island City.
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