How Trump Avoided Taxes to Enrich Himself
Listen to story:
Download: mp3 (Duration: 20:55 — 19.1MB)
FEATURING FRANK CLEMENTE – A major New York Times investigation published this week has uncovered that President Donald Trump engaged in what appears to be tax fraud in order to keep as much of his parent’s inheritance as possible. The bombshell story on the cover of the paper is entitled, “Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father,” and details how Trump, “received at least $413 million in today’s dollars from his father’s real estate empire, much of it through tax dodges in the 1990s.”
Reporters David Barstow, Suzanne Craig, and Russ Beutner pointed out that, “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.”
A Trump lawyer released a statement saying, “The New York Times’ allegations of fraud and tax evasion are 100 percent false, and highly defamatory. There was no fraud or tax evasion by anyone. The facts upon which The Times bases its false allegations are extremely inaccurate.” In the wake of the report, the New York State Tax Department is reportedly looking into potential wrongdoing by the Trumps.
Frank Clemente, executive director of Americans for Tax Fairness.