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ProudMNDemocrat

(16,789 posts)
1. Just wait until tonite on CNN and MSNBC.....
Tue Oct 2, 2018, 06:44 PM
Oct 2018

Trump Tax Fraud will be the opening segments on the shows.

Twitter restraint will cease.

UTUSN

(70,740 posts)
2. Mediaite and HuffPo have it
Tue Oct 2, 2018, 06:46 PM
Oct 2018

***********QUOTE*****

https://www.mediaite.com/print/trump-committed-outright-fraud-in-suspect-tax-schemes-per-massive-new-york-times-report/

Trump Committed ‘Outright Fraud’ in Suspect Tax Schemes, Per Massive New York Times Report

.... ...he and his family ran “dubious tax schemes” throughout the 1990s in order to inherit a significant portion of his wealth from his father’s business empire.

"... 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. ...."

By the Times‘ estimates, Trump and his siblings paid a tax bill of about $52 million (about 5 percent) for what they received from their parents, even though their combined inheritance meant that they could’ve paid $550 million for the 55 percent tax rate at the time. Much of the report contradicts Trump’s regular boasts that he’s a self-made multi-billionaire. ....

*********UNQUOTE**********





 

vi5

(13,305 posts)
4. It's adorable how anyone thinks this is going to matter....
Tue Oct 2, 2018, 07:19 PM
Oct 2018

Yeah, I'm sure all the "reasonable Republicans" (HA!) and "conservatives of conscience" are going to be tut-tutting this and breaking with their party.

I'm assuming I"ll be forgiven for not holding my breath?

renate

(13,776 posts)
5. but I think this might be a little different... the little people have to pay their taxes
Tue Oct 2, 2018, 07:24 PM
Oct 2018

I think tax fraud might be infuriating to a lot of his voters who feel like they're being ripped off by the government.

It's especially grating because Fred Trump made a lot of his money with federal aid.

But this would all depend on their believing the NYT, so... you're probably right.

Latest Discussions»General Discussion»Nice. ABC News' 2nd lead ...