I wish I had a dad like Trump's. "By age 3, Mr. Trump was earning $200,000 a year in today’s dollars from his father’s empire. He was a millionaire by age 8. By the time he was 17, his father had given him part ownership of a 52-unit apartment building. Soon after Mr. Trump graduated from college, he was receiving the equivalent of $1 million a year from his father. The money increased with the years, to more than $5 million annually in his 40s and 50s."
Good for Trump!!!
1 posted on
10/02/2018 12:41:13 PM PDT by
Reno89519
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To: Reno89519
I am sure that at some point during his long New York City real estate career, Trump did something illegal, evaded taxes and hung around with unsavory people. But I knew all that when I voted for him. He has been a known commodity for decades. This article probably exaggerates something that Trump’s family did that was close to the line of legality or perhaps illegal. But even if its true, there is nothing new in this article that we haven’t known for years. Next the NYT will have a breathtaking expose of Trump’s ties to the New York Mafia. And I won’t care about that either.
68 posted on
10/02/2018 1:11:50 PM PDT by
Opinionated Blowhard
(When the people find that they can vote themselves money, that will herald the end of the republic.)
To: Reno89519
74 posted on
10/02/2018 1:23:21 PM PDT by
tomkat
To: Reno89519
This sounds like normal course estate planning to me, including generational bypass trusts, etc.
Let's get everyone in a few stadiums that participated in this kind of "questionable scheme" and see how much of the top 0.1% we net. Guaranteed 100% of them as there was nothing illegal going on except good tax advising.
Next?
75 posted on
10/02/2018 1:26:14 PM PDT by
Religion and Politics
(It is time for more than one denomination of "Political Correctness".)
To: Reno89519
I guess character assassination isnt helping democrats in the midterms. So it’s back to Trump attacks and class warfare.
76 posted on
10/02/2018 1:26:26 PM PDT by
DannyTN
To: Reno89519
And surprise surprise, no comment section.
77 posted on
10/02/2018 1:28:50 PM PDT by
wastedyears
(The left would kill every single one of us and our families if they knew they could get away with it)
To: Reno89519
Certainly sounds like Mueller leaked the tax records to the NYT.
79 posted on
10/02/2018 1:30:53 PM PDT by
Williams
(Stop tolerating the intolerant.)
To: Reno89519
Trump was always an ALMsman. Paid the Absolute Legal Minimum in taxes. IOW, a smart businessman.
81 posted on
10/02/2018 1:36:42 PM PDT by
JimRed
( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
To: Reno89519
The tax laws are complicated. I ran into a situation where if I was robbed then I could take the money off on my taxes, or was it if the money taken was an act of conversion? I don’t recall now. I was out the money and calling it one thing I could get a $28,000 tax credit versus no credit for calling it something else. I chose to call it whichever got me the tax credit. I was audited. I managed to keep the audit open for an entire year by waiting until the last possible moment and then taking whatever they had asked for to their office and having it time-stamped in. Finally, I was wrecking havoc on the auditor’s closure statistics and she wrote me off. I got my credit. Tax laws are complicated and arbitrary. Everybody should know the law and use it to their advantage whenever they can.
To: Reno89519
Most people given hundreds of million dollars would have blown it.
84 posted on
10/02/2018 1:39:55 PM PDT by
Right Wing Assault
(Kill-googl,TWITR,FACBK,NYT,WaPo,Hlywd,CNN,NFL,BLM,CAIR,Antifa,SPLC,ESPN,NPR,NBA)
To: Reno89519
Is this the best October surprise they could come up with ????
85 posted on
10/02/2018 1:39:57 PM PDT by
rdl6989
To: Reno89519
And, no doubt, there will be an anonymous Tax Examiner who will speak of a miscatagorized deduction in a tax return 36 years ago.
86 posted on
10/02/2018 1:41:07 PM PDT by
Lazamataz
(On future maps, I suggest we remove the word "California" and substitute "Open-Air Asylum".)
To: Reno89519
Where is their investigation of Kennedy money, and how much the Kennedy kids received from the fortune their father made illegally during prohibition? What about Soros and his kids?
To: Reno89519
Someone must have been very excited at the idea of trying to destroy a persons life. I can only imagine their adrenaline and excitement. Smh.
Their efforts are a big failure tho. Wish I had that ‘gong’ from the gong show.
Such evil in this world tho.
89 posted on
10/02/2018 1:44:04 PM PDT by
HollyB
To: Reno89519
Trunp takes advantage of tax laws?? bad...
Warren Buffet/George Soros tak advantage of tax laws??? good...
90 posted on
10/02/2018 1:44:49 PM PDT by
God luvs America
(63.5 million pay no income tax and vote for DemoKrats...)
To: Reno89519
Trump get audited every year ,how would the Dem IRS miss it
To: Reno89519
Didn’t Soros just transfer Billions to someone or something
To: Reno89519
I heard Neil Cavuto say he didn’t think there’s a there.
94 posted on
10/02/2018 1:54:09 PM PDT by
tinamina
96 posted on
10/02/2018 1:57:56 PM PDT by
LeeClementineKenny
(TRUMP 2020! - MAGA!!! - www.DonaldJTrump.com)
To: Reno89519
He was a millionaire by age 8. so was Malia and the other one (sorry forget her name). So was Chelsea. And the point NYtimes has? that rich people are bad? or just rich wyt people?
98 posted on
10/02/2018 2:00:16 PM PDT by
blueplum
( "...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017)
To: Reno89519
Funny how they keep referring the money he received from his father using the words “in today’s dollars”
103 posted on
10/02/2018 2:21:42 PM PDT by
PMAS
(All that is necessary for the triumph of evil is that good men do nothing)
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