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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums#Pulitzer for explanatory ..Trump's finances that exposed the president's persistent tax dodging
The #Pulitzer for explanatory reporting was awarded to David Barstow, Susanne Craig and Russ Buettner of @nytimes for an investigation of President Trumps finances that exposed the presidents persistent tax dodging
Link to tweet
https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html
Special Investigation
Trump Engaged in Suspect Tax Schemes
as He Reaped Riches From His Father
The president has long sold himself as a self-made billionaire, but a Times investigation found that he received at least $413 million in todays dollars from his fathers real estate empire, much of it through tax dodges in the 1990s.
By DAVID BARSTOW, SUSANNE CRAIG and RUSS BUETTNER
Oct. 2, 2018
阅读简体中文版 閱讀繁體中文版
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 Timess 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 fathers 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.
These maneuvers met with little resistance from the Internal Revenue Service, The Times found. The presidents parents, Fred and Mary Trump, 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 then imposed on gifts and inheritances...............................................
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#Pulitzer for explanatory ..Trump's finances that exposed the president's persistent tax dodging (Original Post)
riversedge
Apr 2019
OP
Mc Mike
(9,114 posts)1. He seems like a crooked felon scammer, an habitual scofflaw, a greedy moocher who never pays his
fair share but whines all the time how our infrastructure isn't up to his standards.
But, I may be prejudging him.
malaise
(269,024 posts)2. Ah the failing NYT
Get thee to the greatest page