As long as I’ve heard of him, Donald Trump, aka Fuhrer Drumphenfarten, has proclaimed his financial prowess as a self-made billionaire often and loud. It turns out that his financial prowess is on the same level as the other prowess about which he brags, but Stormy tells it like it is. It isn’t there. The NY Times has revealed that he got it all from his daddy. No, I don’t mean Putin [R-RU]. I mean Fred.
Donald J. Trump built a business empire and 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. “I built what I built myself,” the president has repeatedly said.
But an investigation by The New York Times has revealed that Donald Trump received the equivalent today of at least $413 million from his father’s real estate empire. What’s more, much of this money came to Mr. Trump through dubious tax schemes he participated in during the 1990s, including instances of outright fraud, The Times found.
In all, the president’s parents transferred well over $1 billion in wealth to their children, which could have produced a tax bill of at least $550 million under the 55 percent tax rate on gifts and inheritances that was in place at the time. Helped by a variety of tax dodges, the Trumps paid $52.2 million, or about 5 percent, tax returns show.
The president declined requests over several weeks to comment for this article… [emphasis added]
Inserted from <NY Times>
He cheated us out of millions. Should we be surprised that he cheated us out of the White House.
Rachel Maddow has much more.
I trust we have not heard the last of this one. The Republican Reich could not have picked a poster fiend more emblematic of who and what they are.
RESIST!!
VOTE BLUE!!
34 DAYS!!
13 Responses to “Fuhrer Financial Fraud”
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The laws on taxing transfers of money (“gifts”) to family members are as full of holes as Swiss cheese. In fact, that statement may be demeaning to Swiss cheese. The “personal financial planning” part was what prevented me from obtaining the CPCU (“Chartered Property Casualty Underwriter”) designation. I could not learn the material because I could not stomach the material. Orange Judas is only one example, and surely not the worst. If we could take a look into the finances of the Kochs, the Mercers, the Waltons, we would need an industrial supply of barf bags (and that likely would not even be enough.)
And he and Daddy Drumpf went way beyond what was legal!
Exactly. And legal is bad enough.
The Orange Ogre is a fraud all the way around. This country will be paying for his mistakes and bungles for decades. The only way to reduce the damage is for us progressives to get off our asses and VOTE!
Read the whole article, WOW!
One needs to only look at his dubious behavior, and words to see that he’s a fraud to the US/world. Daddy was the mastermind of the empire, and sonny took everything that he could, with the help of the mob for years. see Zembla (yt 1,2,3) And yes, Tom, we were cheated out of the WH too.
Drumpf and his whole family are full of fraudulent frauds. They all need to be investigated and put into those cute but demeaning orange jump suits.
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Personally, I hope Twitler sues The New York Times.
Discovery (his IRS returns … at long last!) and his deposition would be worth paying to see!
While you all pay between 10 to 25% tax rates, trump pays 5%, are ya furious!?!?!?
The real mob family!!!!
Between factual traits and personal traits it’s actually pretty easy to spot a con man. The first time I heard Trump (back in the 1980’s) I knew he was a con man. A high finance con man. I have been in sales for decades and I have been exposed to most of the tactics used. Americans are gullible and greedy and will jump on any bandwagon that looks like profit, and that’s how people get taken. When I look at Trump, I can’t believe people fall for his BS. I’ll bet most of what Trump has done with his family finances is legal, or close enough so he will never spend a day in jail, but I hope they get the SOB. There’s no way everything he has done is legal.
The NYT implied quite a bit was illegal, and I suspect that’s true, since Fred (let alone Donnie) was not smart enough to cover his tracks himself, or to get a qualified professional to cover his tracks and/or stay just within the law. The Kochs, Mercers, and Waltons probably did and are unindictable, though.
Now this is something digging into very deeply. So deep Drumpf can be prosecuted for it an made to pay back what he owes America. Doing that will hurt him so much more than Stormy’s publications or allegations of sexual abuse; money is the only thing he cares about, besides himself of course.
I feel another “failing NY Times” tweet storm coming on . . . if it hasn’t already!
Diaper Don has built not a real estate empire, but an extensive web of lies and fraud aided and abetted by his father and seemingly by some members of the press. Such ‘wonderful’ lessons learned at his father’s knee.
Bob Woodward’s new book is aptly titled: Fear. Diaper Don controls through fear and no doubt is controlled by fear . . . fear of being outed as the con he is.
Thanks and hugs to all.