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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.
I suppose if you define self-made as 'getting half of your wealth from your parents' you could say Trump is self-made. But I think most people have much more rigorous standards for "self-made".
Oh, and Trump was a millionaire by age eight...yes as in 5 plus 3 (the latter the age when he was earning $200,000/yr - keep in mind how much purchasing power that amount had in 1949, the year he was three). https://www.businessinsider.com/trum...-age-8-2018-10
Nobody cares about this. Everyone knows Trump is a crook, thief and liar and so are his family. That's how they made their money - lying to everyone, stealing from the tax man, contractors, banks - and anyone he could scam.
His fans love his "stick it to 'em" attitude - i.e., they love that he is a tax cheat, liar, lawbreaker and a crook - and disrespects them and insults them and calls them stupid numerous times daily with every lie out of mouth. He lies because he knows his suckers are stupid enough to believe him.
He learned as a kid people are stupid and that PTBarnum was right when he said "there is a sucker born every minute." Trump has based his entire life on this belief - people are suckers.
So, posting this is really a waste of time - besides which the other thread(s) on NYT's expose on Trump's lies about his fake million dollar seed money and tax dodges are no longer found and I expect yours will meet the same fate. The story did first publish eight days ago on Oct. 2nd. You think no one began a thread on this then?
Truth doesn't matter these days - the bigger the lie, the better. It's all part of the alternative facts Trump universe for the suckers.
Last edited by Ariadne22; 10-10-2018 at 01:23 AM..
Really neat how they inflated the figure to 413 millon, based on a time-based, inflation-adjusted, currency devaluation.
Essentialy what they are saying is something akin to if Trump inherited 54 million in a time period from the late 60's to the early 80's, that figure today represents 413 millon based on its adjusted purchasing power.
If they did that with every economic comparison, not only would it make the American people alot more knowledgeable, but they would become more like the French and enter the streets.
His fans won't care. That thing he said about being able to shoot someone in broad daylight and not lose a single vote? That was true, maybe the only true thing he's ever said.
I suppose if you define self-made as 'getting half of your wealth from your parents' you could say Trump is self-made. But I think most people have much more rigorous standards for "self-made".
Oh, and Trump was a millionaire by age eight...yes as in 5 plus 3 (the latter the age when he was earning $200,000/yr - keep in mind how much purchasing power that amount had in 1949, the year he was three). https://www.businessinsider.com/trum...-age-8-2018-10
"in Suspect"
Here we go again with the "suspected", if, maybe, could have, junk.
Come back when you have FAVTS, NOT things thrown out against Trump and you believe them because YOU don't like him
Nobody cares about this. Everyone knows Trump is a crook, thief and liar and so are his family. That's how they made their money - lying to everyone, stealing from the tax man, contractors, banks - and anyone he could scam.
His fans love his "stick it to 'em" attitude - i.e., they love that he is a tax cheat, liar, lawbreaker and a crook - and disrespects them and insults them and calls them stupid numerous times daily with every lie out of mouth. He lies because he knows his suckers are stupid enough to believe him.
He learned as a kid people are stupid and that PTBarnum was right when he said "there is a sucker born every minute." Trump has based his entire life on this belief - people are suckers.
So, posting this is really a waste of time - besides which the other thread(s) on NYT's expose on Trump's lies about his fake million dollar seed money and tax dodges are no longer found and I expect yours will meet the same fate. The story did first publish eight days ago on Oct. 2nd. You think no one began a thread on this then?
Truth doesn't matter these days - the bigger the lie, the better. It's all part of the alternative facts Trump universe for the suckers.
The first two paragraphs win the day. I work with a guy like that. He would actively cheer Trump boinking a goat.
No one who is conscious and concerned with the future cares, except for the media and their masters the democrat party.
Are you talking about the future financial collapse due to the ballooning deficit because of the tax bill THEFT FROM THE TREASURY?
Is that the future you're discussing?
His idiot tariffs, ballooning debt, rising inflation in raw materials, rising interest rates make the US ability to pay interest on its debt that much harder - further ballooning the deficit and undermining our creditworthiness. China is also facing a recession which reduces their ability to buy our debt - which will put further upward pressure on rates as our debt becomes more risky.
Inflation in raw materials leads to higher prices which leads to business RETRACTION, which leads to unemployment and recession. Auto industry will be the first to go - sales are already down.
No one expects GDP next year to be more than 2.5%, probably less. The so-called "good times" are pure illusion - based on a FAKE sugar high primarily due to STOCK BUYBACKS, not business investment - and coming to an end.
There's a reason the market is tanking - in case you haven't noticed. The market always knows - and has known this entire year - just can't get its footing.
Is that the FUTURE you're talking about? Well, good for you.
I suggest everyone batten the hatches. Trump destroys everything he touches - the US will be no exception.
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