Trump’s Tax Odyssey
In a bright plot twist straight out of a political thriller, the New York Times uncovers a series of tax shenanigans involving former President Donald Trump, his siblings, and their dad, Fred. According to the investigation, the Trump squad formed a faux corporation with a flair for the dramatic, basically turning a bunch of gifts into a cash flow that could make even the most seasoned investor blush.
How the Money Flowed
- At least $413 million in today’s dollars – a staggering sum that came from Fred Trump’s real estate venture.
- Trump’s “small” loan turned into a monumental financial empire, according to the Times.
- The scheme relied on a “fake” corporation to shell out gifts that would otherwise be flagged on tax returns.
Trump’s Presidential Pitch
While campaigning, Trump strutted around with a “self‑made” real estate narrative, boasting that he began his journey with a tiny loan from his father. Yeah, “tiny” in a house‑building context might be a stretch—think more like a “deal‑maker’s snack” than a mere cuppa joe.
Lawyer’s Counter
Despite the Times’ claims, a Trump attorney declared the report a “foot‑in‑the‑mouth” story, hinting that the headline numbers might be a bit over the top. They have yet to provide any evidence to counter the allegations.
Bottom Line
It seems the family’s entrepreneurial charm might have turned into a full‑scale tax operation. Whether the story’s true to form or not, it’s certainly a headline that keeps everyone talking.
When Trump’s Family Turns into a Tax‑Avoidance Circus
According to The Times, a large chunk of the Trump treasure trove stems from a crafty scheme orchestrated by the men behind the curtains—yes, the Trump family itself. By creating a sham corporation with his siblings, they managed to cloak the millions of dollars that were gifts from the older Trump, turning them into “business expenses” and slipping the money out of the tax net.
Grandpa Trump’s Ultimate Smart Move
- Fred Trump & the crew set up a fake corporate shell that made it look like legitimate business.
- Gift dollars from parentage were disguised as corporate financing, effectively dodging IRS scrutiny.
- The whole operation relied on a mix of family members and professional accountants who were dubious about the ethics.
Trump’s Lawyer: “He Was MIA”
Charles Harder, the lawyer riding the Trump legal wave, stated, “The President had virtually no involvement in these deals.” He added, “The family members who handled the affairs were junior in the financial game and leaned heavily on licensed experts to stay on the legal side of things.”
State Investigation on the Horizon
The New York State Tax Department, reported by CNBC, is taking its boots off and starts digging into the allegations. A spokeswoman mentioned that they’re reviewing everything from bank slips to cancelled cheques to assemble the full picture.
Why It’s Hard to Pin Down Criminal Charges
Time to the clock: for many of these acts, the statute of limitations had already burned out, meaning no criminal prosecution could hit the Trump name. That said, civil fines still loom large—there’s nothing stopping a fine from hanging like a tax‑red‑flag.
What the Times Crunches
The newspaper’s research boils down to
- Over 200 tax returns from Fred Trump, his firms, and countless partnerships.
- Approximately 100,000 pages detailing the inner workings of the family business.
- Checks, invoices, bank statements, accounting ledgers, and even canceled cheques—no stone left unturned.
Note: no personal tax returns from our Office President are on the deck, which keeps him in the comedy league for transparency.
