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<blockquote data-quote="Box Ox" data-source="post: 4961672" data-attributes="member: 48469"><p><a href="https://www.nytimes.com/2018/10/02/us/politics/donald-trump-wealth-fred-trump.html" target="_blank">11 Takeaways From The Times’s Investigation Into Trump’s Wealth (Published 2018)</a></p><p></p><p>"<a href="https://www.nytimes.com/2021/01/20/us/politics/trump-financial-disclosure.html" target="_blank">Donald J. Trump</a> built a business empire and won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder <a href="https://www.nytimes.com/2020/07/28/us/politics/donald-fred-trump.html" target="_blank">Fred C. Trump</a>, provided almost no financial help. “I built what I built myself,” the president has repeatedly said.</p><p></p><p>But <a href="https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html" target="_blank">an investigation by The New York Times</a> has revealed that Donald <a href="https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html?action=click&module=Top%20Stories&pgtype=Homepage" target="_blank">Trump</a> received the equivalent today of at least $413 million from his father’s real estate empire. What’s more, much of this money came to <a href="https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html" target="_blank">Mr. Trump through dubious tax schemes</a> he participated in during the 1990s, including instances of outright fraud, The Times found.</p><p></p><p>In all, the president’s parents transferred well over $1 billion in wealth to their children, which could have produced a <a href="https://www.nytimes.com/2020/07/09/us/politics/trump-taxes.html" target="_blank">tax</a> bill of at least $550 million under the 55 percent tax rate on gifts and inheritances that was in place at the time. Helped by a variety of tax dodges, the Trumps paid $52.2 million, or about 5 percent, tax returns show."</p></blockquote><p></p>
[QUOTE="Box Ox, post: 4961672, member: 48469"] [URL="https://www.nytimes.com/2018/10/02/us/politics/donald-trump-wealth-fred-trump.html"]11 Takeaways From The Times’s Investigation Into Trump’s Wealth (Published 2018)[/URL] "[URL='https://www.nytimes.com/2021/01/20/us/politics/trump-financial-disclosure.html']Donald J. Trump[/URL] built a business empire and won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder [URL='https://www.nytimes.com/2020/07/28/us/politics/donald-fred-trump.html']Fred C. Trump[/URL], provided almost no financial help. “I built what I built myself,” the president has repeatedly said. But [URL='https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html']an investigation by The New York Times[/URL] has revealed that Donald [URL='https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html?action=click&module=Top%20Stories&pgtype=Homepage']Trump[/URL] received the equivalent today of at least $413 million from his father’s real estate empire. What’s more, much of this money came to [URL='https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html']Mr. Trump through dubious tax schemes[/URL] he participated in during the 1990s, including instances of outright fraud, The Times found. In all, the president’s parents transferred well over $1 billion in wealth to their children, which could have produced a [URL='https://www.nytimes.com/2020/07/09/us/politics/trump-taxes.html']tax[/URL] bill of at least $550 million under the 55 percent tax rate on gifts and inheritances that was in place at the time. Helped by a variety of tax dodges, the Trumps paid $52.2 million, or about 5 percent, tax returns show." [/QUOTE]
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