TRUMP FAMILY/TRUMP AS PRESIDENT/TRUMP TAXES/MEDIA: “President Donald Trump on Wednesday [10-3-18] criticized a New York Times investigation that alleged the president perpetuated a number of tax schemes and fraud during the 1990s to bolster the inheritance he received from his parents…The concept of time value of money is that money in the present time is worth more than the same amount in the future, but it’s not clear why Trump fixated on that idea. The report — which is based off of thousands of documents including tax returns from Fred Trump, the president’s now-deceased father — revealed that Trump received $413 million in today’s money from his father. It also alleges that the business mogul and his siblings helped their parents dodge taxes through a number of measures, including setting up a ‘sham corporation,’ taking improper tax deductions and undervaluing their real estate holdings.”
–Rebecca Morin, “Trump rips into The New York Times over tax schemes report,” Politico, October 3, 2018 9:32 am