Quote:

The findings are based on interviews with Fred Trump’s former employees and advisers and more than 100,000 pages of documents describing the inner workings and immense profitability of his empire. They include documents culled from public sources — mortgages and deeds, probate records, financial disclosure reports, regulatory records and civil court files.

The investigation also draws on tens of thousands of pages of confidential records — bank statements, financial audits, accounting ledgers, cash disbursement reports, invoices and canceled checks. Most notably, the documents include more than 200 tax returns from Fred Trump, his companies and various Trump partnerships and trusts. While the records do not include the president’s personal tax returns and reveal little about his recent business dealings at home and abroad, dozens of corporate, partnership and trust tax returns offer the first public accounting of the income he received for decades from various family enterprises.

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Quote:

Showtime announced Tuesday evening it will air a new documentary film centered on a bombshell New York Times report alleging President Trump accrued millions of dollars from "dubious" tax schemes.

"The film follows a team of New York Times investigative reporters through their diligent and intense efforts in uncovering the information that led to this exclusive report," according to a release from the channel.

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Young Turks talk about it

and from Faux News...

. . .

Quote:

Though the statute of limitations has passed for many of the alleged schemes by Trump and his family,
there is no time limit on civil penalties for tax fraud, the Times noted.

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I bet New York State and New Jersey Attorney generals are looking to go after him, too.


. . .

Quote:

  tulipslave said:

supposedly the NYT has published this definitive information, yet koods isn't kind enough to give us the specifics of the article he himself linked which supposedly proves the claim he is making

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Psilynut2 said:

Quote:

  tulipslave said:

supposedly the NYT has published this definitive information, yet koods isn't kind enough to give us the specifics of the article he himself linked which supposedly proves the claim he is making

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He has had tax liens filed by the  NY State Department of Taxation and finance against his properties for non payment 36 times .  That fake house flipping school case that he lost and had to pay 25 million for , was a fraud case .

  The fact that Trump doesn’t pay his taxes and commits fraud isn’t even up for debate . It’s public record .

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Psilynut2 said:

I’m talking about other stuff , his history , that’s why this is totally believable and not surprising at all .  Its  just the kind of guy he is . He won’t even share his tax history with you , a person who would give him their vote . That’s fucked up . Kinda  feel sorry for you .

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Tulipslave said:

Psilynut2 said:

Quote:

  tulipslave said:

supposedly the NYT has published this definitive information, yet koods isn't kind enough to give us the specifics of the article he himself linked which supposedly proves the claim he is making

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He has had tax liens filed by the  NY State Department of Taxation and finance against his properties for non payment 36 times .  That fake house flipping school case that he lost and had to pay 25 million for , was a fraud case .

  The fact that Trump doesn’t pay his taxes and commits fraud isn’t even up for debate . It’s public record .

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if it's all public record, why is this a bombshell?


i'll just wait till next week to read the NYT's retraction of the story

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Quote:

By age 3, Mr. Trump was earning $200,000 a year in today’s dollars from his father’s empire. He was a millionaire by age 8. By the time he was 17, his father had given him part ownership of a 52-unit apartment building. Soon after Mr. Trump graduated from college, he was receiving the equivalent of $1 million a year from his father. The money increased with the years, to more than $5 million annually in his 40s and 50s.
...
Fred Trump was relentless and creative in finding ways to channel this wealth to his children. He made Donald not just his salaried employee but also his property manager, landlord, banker and consultant. He gave him loan after loan, many never repaid. He provided money for his car, money for his employees, money to buy stocks, money for his first Manhattan offices and money to renovate those offices. He gave him three trust funds. He gave him shares in multiple partnerships. He gave him $10,000 Christmas checks. He gave him laundry revenue from his buildings.
....
All told, The Times documented 295 streams of revenue that Fred Trump created over five decades to enrich his son. In most cases his four other children benefited equally. But over time, as Donald Trump careened from one financial disaster to the next, his father found ways to give him substantially more money, records show. Even so, in 1990, according to previously secret depositions, Mr. Trump tried to have his father’s will rewritten in a way that Fred Trump, alarmed and angered, feared could result in his empire’s being used to bail out his son’s failing businesses.

Fred Trump and his companies also began extending large loans and lines of credit to Donald Trump. Those loans dwarfed what the other Trumps got, the flow so constant at times that it was as if Donald Trump had his own Money Store. Consider 1979, when he borrowed  $1.5 million in January, $65,000 in February, $122,000 in March, $150,000 in April, $192,000 in May, $226,000 in June, $2.4 million in July and $40,000 in August, according to records filed with New Jersey casino regulators.

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koods said:

Born on third base and says he hit homerun

SPECIAL INVESTIGATION Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father

The New York Times has a massive article on just how shady and sleazy the Trump family business really is. This guy is such a fraud. Lazy POS living off of daddy’s inheritance and defrauding the US taxpayers.

Quote:

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.

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"But The Times’s investigation, based on a vast trove of confidential tax returns and financial records"

You are so stupid you believe they secretly found confidential tax returns?
  Keep going Koods.  I am loading a big bowl.

Quote:

Isnt that illegal?

How is Trump not in trouble? Somethings not adding up....

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