10-03-2018, 10:22 AM
--The NYT report verified that Donald Trump actually got over $400,000,000 from his real-estate mogul father Fred. If he'd done nothing but sit on it, he'd be worth over $10 billion today.
--His multiple bankruptcies were covered, in part, by his father and his siblings. He is still receiving millions per year in revenues from his father's investments/properties.
--Donald Trump attempted to get his 85-year-old father to transfer his assets to himself when Donald had again gotten into deep financial trouble. Dad consulted with Donald's sister, by then already a Federal Judge, and they took legal action to ensure Donald was unable to divert all of of Fred's assets to himself, as shown in the court documents.
--Before Fred Trump died, Donald and his siblings set up companies and other means by which to funnel Fred's inheritance to avoid paying the 55% estate tax on gifts. They instead paid 5%. They also undervalued Fred's highly profitable properties to decrease the taxes due. The Trumps avoided paying hundreds of millions of dollars to the United States in so doing.
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--His multiple bankruptcies were covered, in part, by his father and his siblings. He is still receiving millions per year in revenues from his father's investments/properties.
--Donald Trump attempted to get his 85-year-old father to transfer his assets to himself when Donald had again gotten into deep financial trouble. Dad consulted with Donald's sister, by then already a Federal Judge, and they took legal action to ensure Donald was unable to divert all of of Fred's assets to himself, as shown in the court documents.
--Before Fred Trump died, Donald and his siblings set up companies and other means by which to funnel Fred's inheritance to avoid paying the 55% estate tax on gifts. They instead paid 5%. They also undervalued Fred's highly profitable properties to decrease the taxes due. The Trumps avoided paying hundreds of millions of dollars to the United States in so doing.
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