Profile picture
Patrick @TrickFreee
, 8 tweets, 2 min read Read on Twitter
Donald Trump has long sold himself as a self-made billionaire, but a New York Times investigation found that he 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. nytimes.com/interactive/20…
"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"
"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."
"Fred Trump was relentless and creative in finding ways to channel this wealth to his children. He made Donald not just his salaried employee but also his property manager, landlord, banker and consultant. He gave him loan after loan, many never repaid"
"The biggest payday he ever got from his father came long after Fred Trump’s death. Donald Trump’s cut: $177.3 million, or $236.2 million in today’s dollars."
New York State Tax Department reviewing fraud allegations involving Trump in NYT article
cnbc.com/2018/10/02/new…
All County siphoned millions of dollars from Fred Trump’s empire by simply marking up purchases already made by his employees.

Those millions, effectively untaxed gifts, then flowed to Donald Trump, his siblings and a cousin. nyti.ms/2yaloK7
Filing by Trump’s Federal Judge Sister Led to NYT Tax-Fraud Exposé
thedailybeast.com/filing-by-trum…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Patrick
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @TrickFreee see all

Profile picture
Imagine being this willfully ignorant.
For Reference: www-mercurynews-com.cdn.ampproject.org/v/s/www.mercur…
Also for reference: nbcnews.com/news/amp/ncna8…
Read 3 tweets
Profile picture
On the second episode of Hasan Minhaj’s new show, he highlights the role Saudi money plays in propping up Silicon Valley companies. Now @Netflix has removed the episode at the request of the Saudi government. ft.com/content/5121f0…
The episode was only pulled in the KSA.
"Clearly, the best way to stop people from watching something is to ban it, make it trend online, and then leave it up on YouTube."

Hasan Minhaj speaks out after Netflix pulls an episode of "Patriot Act" in Saudi Arabia. wapo.st/2CKVJLC
Read 3 tweets
Profile picture
Russia's domestic security agency says it has arrested U.S. citizen Paul Whelan on espionage charges. The FSB said that the American man detained in Moscow on Friday.
Spying charges carry a prison sentence of up to 20 years in Russia. cbsnews.com/amp/news/paul-…
Paul Whelan's lawyer tells NYT he hopes he can be part of a prisoner exchange with the US [for Butina] nytimes.com/2019/01/03/wor…
Read 3 tweets

Related threads

Profile picture
@realDonaldTrump 1) Oh yeah, only a monster would try to rewrite his father's will when he was sick.
President Trump received at least $413 million in today’s dollars from his father’s real estate empire, much of it through tax dodges dubious tax schemes including instances of outright fraud.
@realDonaldTrump 2) The Times documented 295 streams of revenue that Fred Trump created over five decades to enrich his son. Over time, as Donald Trump careened from one financial disaster to the next, his father found ways to give him substantially more money, records show.
@realDonaldTrump 3) In 1990, according to previously secret depositions, Mr. Trump tried to have his father’s will rewritten in a way that Fred Trump, alarmed and angered, feared could result in his empire’s being used to bail out his son’s failing businesses.
Read 9 tweets
Profile picture
With the bombshell @nytimes Trump & Kushner tax stories, this piece by tax expert @DavidCayJ advocates for strengthening the IRS and notes that the power to tax is the reason the US Constitution was adopted, replacing the Articles of Confederation
theguardian.com/commentisfree/…?
We need tax police – and they should go after the likes of Donald Trump | David Cay Johnston theguardian.com/commentisfree/…?
Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father - 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 by @susannecraig @DavidBarstow @russbuettner nytimes.com/interactive/20…
Read 4 tweets
Profile picture
The 11 take-home messages from @nytimes massive investigation of #Trump Family wealth:
1.) The Trumps’ tax maneuvers show a pattern of deception,
2.) Donald Trump began reaping wealth from his father’s real estate empire as a toddler
[cont.2]
3.) That ‘small loan’ of $1 million was actually at least $60.7 million — much of it never repaid
4.) Fred Trump wove a safety net that rescued his son from one bad bet after another
5.) The Trumps turned an $11 million loan debt into a legally questionable tax write-off
[cont3]
6.) Father and son set out to create the myth of a self-made billionaire
7.) Donald Trump tried to change his ailing father’s will, setting off a family reckoning
8.) The Trumps created a company that siphoned cash from the empire
Read 5 tweets
Profile picture
💰TaxFraud💰

NYS Tax Dept reviewing fraud allegations involving Trump

The Trumps’ tax maneuvers show a pattern of deception.

Trump by age 3, earned $200k a year in today’s dollars from his father’s empire. He was a millionaire by age 8. In his 40s & 50s, he rec’d +$5M a year.
💰TaxFraud2💰

That ‘small loan’ of $1 million was actually at least $60.7 million — much of it never repaid

Fred Trump wove a safety net that rescued his son from one bad bet after another

The Trumps turned an $11 million loan debt into a legally questionable tax write-off
💰TaxFraud3💰

Father and son set out to create the myth of a self-made billionaire

Trump tried to change his ailing father’s will, setting off a family reckoning

The Trump parents dodged hundreds of millions in gift taxes by grossly undervaluing the assets they would pass on
Read 86 tweets
Profile picture
New Report >> Trump the "self-made billionaire" is a fraud. He inherited a fortune, founded on fraudulent tax schemes. He 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. nytimes.com/interactive/20…
How much you wanna bet Trump will go all Stalin tonight on the bombshell story of his family’s financial fraud (on which his own con rests) to say Dear Old Dad is being smeared just like Kavanaugh? Failing New York Times, Democrat conspiracy, enemy of the people, etc etc #maddow
“Trump is a profound grifter,”@TimOBrien says, discussing NYT investigation exposing Trump’s image is as fraudulent as his family’s tax schemes. Then tells story of Trump trying to take advantage of his own father Fred suffering from Alzheimer’s but still with it to notice😱
Read 3 tweets
Profile picture
President Trump has sold himself as a self-made billionaire but a Times investigation found that he received more than $400 million from his father’s empire, much of it through dubious tax schemes during the 1990s, including instances of outright fraud. nyti.ms/2ycj05o
Trump declined repeated requests over several weeks to comment for this article. But a lawyer for Trump, Charles J. Harder, provided this statement: "The New York Times’s allegations of fraud and tax evasion are 100 percent false, and highly defamatory." bit.ly/2NijMDE
The New York Times’s findings are based on interviews with Fred Trump’s former employees and advisers and more than 100,000 pages of documents describing the inner workings and immense profitability of his empire. nyti.ms/2Rq684G
Read 15 tweets

Trending hashtags

#Ivana #Florida #American #FridayFeeling #Nunes #JFK #PAMFAM #SovietUnion #Russie #LosAngeles #Komarov #AdamSchiff #TrumpLies #Brotherhood #Ivanka #Khoshoggi #TeamNutShellReport #resistance #PartyC #institutions #ForYourFreedomAndOurs #GRINGO #Qanon8chan #Trump #Bratva

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!