BREAKING: NY Times publishes bombshell story alleging Trump tax schemes with father

OCTOBER 2, 2018

Below is a report that DML News gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

  • Provides named sources
  • Reported by more than one notable outlet
  • Does not insert opinion or leading words
  • Includes supporting video, direct statements, or photos

Click here to read more about our rating system.

As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by NYTimes.com:

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 Times’s 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 father’s real estate empire, starting when he was a toddler and continuing to this day.

The extremely lengthy article of approximately 45 pages goes on to state the following:

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 president’s 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.

The Trumps paid a total of $52.2 million, or about 5 percent, tax records show.

CLICK HERE to read more from the NY Times.

To weigh in on this information provided by NYTimes.com, engage in our LIVE CHAT below. Scroll down.

15 Comments

  1. Ron October 2nd, 2018 at 3:56 pm

    really could care less what they say…. it’s obvious they don’t like the president and they’re going to lie about everything they can.

    Reply

  2. Laurie Godfrey October 2nd, 2018 at 3:58 pm

    Blah Blah Blah!! You liberals will sink to any level and conjure up any lie to derail this president!! After this Kavanaugh sham, we don’t believe ANYTHING you guys say!!

    Reply

  3. Jeanne Lewis October 2nd, 2018 at 4:00 pm

    Well when one story is aibout to bite the dust, (Kavanaugh), dredge or make up another , something’s gotta stick, right?
    WRONG! NYT FAKE NEWS!

    Reply

  4. Candy October 2nd, 2018 at 4:00 pm

    Sex stories no longer working, back to attacking Trump on his money. This is how you spell desperation !

    Reply

  5. RudeDude October 2nd, 2018 at 4:04 pm

    OH no! You mean he was a criminal when he was a toddler, send him to toddler prison, for life😂😂😂😂😂 what dumbshits.😎🇺🇸🇺🇸

    Reply

  6. Pam Petrasek October 2nd, 2018 at 4:09 pm

    So , is there anything you want to say so we can hate you more as a smut newspaper? Thank God President Trumps father taught his son business that could help all of us Americans out of this mess as a country. He at least isn’t trying to make the US a Socialist disaster. I’ll never read another bias news agency again!

    Reply

  7. Sophia October 2nd, 2018 at 4:11 pm

    New York Times we know this is
    Conspiracy.Wory about your fat ass NYT.
    Go on diet because you look disgusting
    ugly.Make something different in the NYT
    paper this is ugly boring.You do not have
    new agenda?????
    Talk about your fat ass.

    Reply

  8. Kimberly M Sweeney October 2nd, 2018 at 4:31 pm

    Why would something like this come out now…. jeepers, the IRS would have caught him long ago or this would have come out at time of election…or even during the Russia collusion lie!! These people are just demented, and think we Americans are idiots

    Reply

  9. Shirley Blanchard October 2nd, 2018 at 4:42 pm

    Boy, it’s amazing how libs can do research, dig up, and take time to find info on anyone they wish to destroy or bring down but on their own kind i.e. Mueller…What? Who me? I don’t know? I lost…, can’t remember, or just plain ignore request for documents. Double standard!

    Reply

  10. Lanette Hei October 2nd, 2018 at 4:45 pm

    Ha Ha Ha! “ The Failing New York Times”. Still butt hurt because they supported Hillary, and she did not win. I am sure they donated plenty of Money to her. “ Get over it you lost”.

    Reply

  11. Andrea October 2nd, 2018 at 4:45 pm

    It just never stops does it. The problem is that people who don’t know the tax laws now or then will believe this bunk. Better than the CFO of my company telling the owner that this will work and what they don’t know won’t them.

    Reply

  12. Rebecca October 2nd, 2018 at 4:47 pm

    Bahahahahahahahahahahahahaha so sick of these liberal hacks

    Reply

  13. Barry Marshall Jones Sr. October 2nd, 2018 at 4:52 pm

    “NO NEWS” is credible or believable from the fake news media until they go after Hag Clinton with their same “greater than thou” investigative attitude they have toward Conservatives, Republicans, and President Trump with !!! Until the fake news media investigates Hag Hillary`s “treasonous” dealings (pay for play) with foreign powers that provided her with billions of fraudulent dollars that went “UNTAXED” !!! And all the crimes connected to her “FRAUDULENT FORTUNE`S” have gone “UNINVESTIGATED”, “UNTRIED”, and “UNPUNISHED” !!! Hell, Just start with Hag Clinton`s “URANIUM 1 DEAL” with RUSSIA ; that should be simple for The NY “Crimes” to investigate because all the known facts are out there in the open to be seen, all they have to do is print the “KNOWN” facts ???

    Reply

    • Barry Marshall Jones Sr. October 2nd, 2018 at 5:06 pm

      And another thing !!! The NY “CRIMES” article from Oct. 31, 2016, is almost the same as their October 2, 2018 article ???
      Donald J. Trump proudly acknowledges he did not pay a dime in federal income taxes for years on end. He insists he merely exploited tax loopholes “LEGALLY” available to any billionaire — loopholes he says “Hillary Clinton failed to close during her years in the United States Senate.” “Why didn’t she ever try to change those laws so I couldn’t use them?” Mr. Trump asked during a campaign rally last month. WHY ??? [ My simple answer to that is Hag Clinton could use the same “loopholes” !!!]

      Reply

  14. Bea October 2nd, 2018 at 4:52 pm

    Don’t care. Vote RED.

    Reply

Leave a Reply to Lanette Hei Cancel reply

Your email address will not be published. Required fields are marked *