By then, the monster phenomenon was about 8 months old and people were asking questions of those in authority.
UP NEXT Video by Reuters President Trump participated in dubious tax schemes during the s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found.
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. 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.
The president declined repeated requests over several weeks to comment for this article. But a lawyer for Mr. Harder, provided a written statement on Monday, one day after The Times sent a detailed description of its findings.
The facts upon which The Times bases its false allegations are extremely inaccurate. Harder sought to distance Mr. Trump from the tax strategies used by his family, saying the president had delegated those tasks to relatives and tax professionals.
Trump, passed away in June Our beloved mother, Mary Anne Trump, passed away in August All appropriate gift and estate tax returns were filed, and the required taxes were paid. Our family has no other comment on these matters that happened some 20 years ago, and would appreciate your respecting the privacy of our deceased parents, may God rest their souls.
According to tax experts, it is unlikely that Mr. Trump would be vulnerable to criminal prosecution for helping his parents evade taxes, because the acts happened too long ago and are past the statute of limitations. There is no time limit, however, on civil fines for tax fraud.
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 tax returns from Fred Trump, his companies and various Trump partnerships and trusts. What emerges from this body of evidence is a financial biography of the 45th president fundamentally at odds with the story Mr.
Trump has sold in his books, his TV shows and his political life. Fred Trump was simply a cheerleader. Trump has said, a narrative that was long amplified by often-credulous coverage from news organizations, including The Times.
They described how Mr. Trump a gilded life. The reporting makes clear that in every era of Mr. By age 3, Mr. He was a millionaire by age 8. By the time he was 17, his father had given him part ownership of a unit apartment building. It was also a mountain of cash, tens of millions of dollars in profits building up inside his businesses, banking records show.
It was not unusual for tens of millions in Treasury bills and certificates of deposit to flow through his personal bank accounts each month.Othello and A Doll ‘s House.
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