Trump helped parents dodge millions in taxes

Trump got $413M from his father, largely from tax dodges, NYT reports

Trump got $413M from his father, largely from tax dodges, NYT reports

The 14,000-word report says much of this money "came to Mr. Trump through dubious tax schemes he participated in during the 1990s, including instances of outright fraud".

While The Times was not able to review Trump's personal tax returns - which he has refused to release, breaking with decades of precedent for presidential nominees - it examined "trove of confidential tax returns and financial records".

The Times said the bulk of the funds owed to tax evasion tactics that Trump helped devise, including a "sham corporation" he and his siblings created to hide millions of dollars in gifts from their parents. "Helped by a variety of tax dodges, the Trumps paid $52.2 million, or about 5 percent, tax returns show", The Times reported.

"The New York Times's allegations of fraud and tax evasion are 100 percent false, and highly defamatory". Administration spokesperson Sarah Sanders added that United States tax authorities had "reviewed and signed off on these transactions".

However, the paper says the records it has seen - including trust tax returns - build up a picture of how the family's dealings enriched him over decades.

According to journalists from the time, Fred once bought $3.5 million in poker chips from son's casino then didn't play a single game - just to sneak his son the money to pay off a bond payment without being taxed.

India approves ban on instant divorce
However, gender justice was given a complete go-by in a secular country like India because of blatant vote-bank politics. The accused is entitled to seek bail from a court, not a police officer, but the magistrate would have to hear the wife.

New York's state tax authority is "reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation", according to The Washington Post. Trump Sr also helped Donald Trump out of multiple bad business deals, financial records and tax returns reveal. He said that although the statute of limitations has since passed, such actions would have called for an investigation into the defrauding of tenants and tax fraud.

Harder added: "The affairs were handled by other Trump family members who were not experts themselves and therefore relied entirely upon the aforementioned licensed professionals to ensure full compliance with the law".

The U.S. Internal Revenue Service did not immediately reply to a request for comment.

Tax experts told The Times it was unlikely these findings would open Trump up to criminal prosecution, because the actions happened too long ago. "Perhaps another apology from the New York Times, like the one they had to issue after they got the 2016 election so embarrassingly wrong, is in order", she said.

When the elder Trump transferred his business to his children, the Trump kids valued a collection of buildings they'd received at $41.4 million. So on Tuesday afternoon, at the same time that it published the investigation that was a year in the making, it also aggregated itself - publishing "11 takeaways from the Times's investigation into Trump's wealth".

In total, the president's father and mother transferred over $1 billion to their children, according to the Times tally.

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