https://www.cnn.com/2018/10/02/politics/donald-trump-tax-schemes/index.html
President Donald Trump received today's equivalent of at least $413 million from his father -- according to an analysis from The New York Times, and much of the fortune came from helping "his parents dodge taxes," the paper reported on Tuesday.
The Times' report claims that Trump and his siblings hid millions of dollars in gifts in what the Times describes as a "sham corporation." The lengthy report is based on "a vast trove of confidential tax returns and financial records," as well as interviews.
Trump's parents, the paper says, citing tax records, gave over a billion dollars to Trump and his siblings and paid $52.2 million in taxes on the money. However, the dollar amount could have required at least $550 million in taxes, according to the Times analysis.
President Donald Trump received today's equivalent of at least $413 million from his father -- according to an analysis from The New York Times, and much of the fortune came from helping "his parents dodge taxes," the paper reported on Tuesday.
The Times' report claims that Trump and his siblings hid millions of dollars in gifts in what the Times describes as a "sham corporation." The lengthy report is based on "a vast trove of confidential tax returns and financial records," as well as interviews.
Trump's parents, the paper says, citing tax records, gave over a billion dollars to Trump and his siblings and paid $52.2 million in taxes on the money. However, the dollar amount could have required at least $550 million in taxes, according to the Times analysis.
