A major New York Times investigation published on Tuesday has uncovered that President Donald Trump engaged in what appears to be tax fraud in order to keep as much of his parent’s inheritance as possible. The bombshell story on the cover of the paper is entitled, “Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father,” and details how Trump, “received at least $413 million in today’s dollars from his father’s real estate empire, much of it through tax dodges in the 1990s.” Reporters David Barstow, Suzanne Craig, and Russ Beutner pointed out that, “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.”
Going into detail the paper found that Trump, “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.” The Trump children should have paid about $550 million in taxes and ended up paying only about $52 million. The IRS paid little heed to these shenanigans.
Before publication, President Trump was repeatedly asked to comment on the findings according to the New York Times but he refused. Once the story was published a Trump lawyer released a statement saying, “The New York Times’ allegations of fraud and tax evasion are 100 percent false, and highly defamatory. There was no fraud or tax evasion by anyone. The facts upon which The Times bases its false allegations are extremely inaccurate.”
A new Showtime documentary called The Family Business: Trump and Taxes, is set to debut on October 7th and features a clip of the New York Times reporters who uncovered the story published on Tuesday. Reporters David Barstow, Suzanne Craig, and Russ Beutner of the New York Times on a Showtime documentary discuss their investigative news story that published in the Times on Tuesday detailing how Trump and his siblings engaged in tax fraud to keep millions of their parent’s inheritance dollars. In the wake of the report, the New York State Tax Department is reportedly looking into potential wrongdoing by the Trumps.
Meanwhile, at a raucous rally in Mississippi on Tuesday evening Trump shockingly mocked Christine Blasey Ford‘s testimony as the crowd roared with approval. President Trump mocked the testimony of Dr. Christine Blasey Ford in her accusation of attempted rape by his Supreme Court nominee Brett Kavanaugh.
Just hours earlier, Trump commented on the same issue, once again sympathizing with men. President Trump on Tuesday on the South Lawn of the White House comments on how being accused of rape is a scary thing for young men. He made no mention of the real fear felt ubiquitously by women everywhere that men will rape them.
The FBI may be continuing its investigation into sexual assault allegations made against Brett Kavanaugh through this week. Many are pointing out the troubling fact that his orig...