10/3/2018

MEDIA/TRUMP AS PRESIDENT/TRUMP FAMILY/TRUMP NETWORTH/TRUMP TAXES: “U.S. President Donald Trump engaged in tax schemes that included cases of fraud in which he and his siblings helped their parents dodge millions of dollars in taxes, the New York Times reported on Tuesday [10-2-18]. The Times investigation, which the White House said was ‘misleading,’ showed Trump received the equivalent today of at least $413 million from his father’s real estate business. The Times, citing a ‘vast trove’ of confidential tax returns and financial records, reported that much of that fortune came to Trump because he helped his parents evade taxes, setting up a fake corporation with his siblings to disguise millions of dollars in gifts from their parents. Trump promoted himself during his presidential campaign as a self-made real estate mogul who started out with only a ‘very small’ loan from his businessman father, Fred Trump.”

Reuters Staff, “New York Times says Trump helped parents shield millions from taxes,” Reuters, October 3, 2018 12:49 pm