Profile picture
Russ Buettner @russbuettner
, 6 tweets, 1 min read Read on Twitter
President Trump repeatedly engaged tax schemes and sham transactions to grab his father’s fortune. Act II: Trump Palace

nytimes.com/interactive/20…
In 1987, $15 million that DJT owed his father was secretly converted into an investment in DJT’s new project.
The swap allowed DJT to avoid paying taxes on the excused debt.
After Trump Palace opened in 91, Fred Trump sold his shares back for just $10k.
The $15M debt to dad had vanished, washed through Trump Palace free of gift taxes. Not only that...
But Fred also took a $15M write-off on his income taxes - recovering part of the money he gave his son. Such related party write-offs are illegal.
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 Russ Buettner
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 @russbuettner see all

Profile picture
He talks down his dad’s wealth,
but President Trump repeatedly engaged tax schemes and sham transactions to grab his father’s fortune. Act I... nytimes.com/interactive/20…
All County Building & Supply - a shell corporation that padded invoices to Fred Trump buildings by 20%.
Dad and his employees negotiated the prices. But through All County, his grown kids split the pad, yielding millions a year.
Read 4 tweets

Related threads

Profile picture
"President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents...."
nytimes.com/interactive/20…
"Trump received the equivalent...of at least $413 million from his father’s real estate empire, starting when he was a toddler & continuing to this day.
Much of this money came to Mr. Trump because he helped his parents dodge taxes"
nytimes.com/interactive/20…
Trump "and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents"
nytimes.com/interactive/20…
Reminder: Trump's sister is a federal judge (inactive senior status)
wnyc.org/story/trumps-s…
Read 11 tweets
Profile picture
THREAD! 1-A number of experts are saying the recent @nytimes @ScottShaneNYT @MarkMazzettiNYT BIG #Trump-#Russia piece is one of the best pieces of journalism in recent years, and IT SURE IS. I had three levels of reaction to this as someone who has closely analyzed this topic.
2-1st, I was OVERJOYED that 1 of the best newspapers FINALLY gave 2 of their best journalists go-ahead & space to cover the #Trump-#Russia the only way it can be properly understood: a deep-dive detailed look at big, overall picture over time. Our society is better off for it!
3-2nd, I was SUPER frustrated generally cuz, 2+ years after topic should've obvi been covered this way only @NYTimes among biggest outlets has done this. W/ smaller respected outlets. Even 1 year into it only @aminterest/@submergingmkt, @newrepublic/@craigunger had. Circa 0 since
Read 20 tweets
Profile picture
Over 300 U.S. newspapers publish editorials condemning #tRump's attacks on the press: apnews.com/bc8b3670f92841…
Editorial: Stand in defense of the truth. Don't let Trump label journalists as "the enemy" stltoday.com/opinion/editor…
EDITORIAL: This newspaper is the ‘enemy’ of all that hurts ‘the people’ chicago.suntimes.com/opinion/freedo…
Read 83 tweets
Profile picture
Petite explication de texte sur ce tweet à l'instant de #Trump suggérant l'exact contraire de tout ce qu'il écrit et démontrant son inquiétude désormais patente sur l'enquête #Mueller quant à la collusion avec la #Russie...#thread RT
2) Ce tweet de #Trump s'attaque en fait à CET article du @washingtonpost, très bien écrit, qui le décrit abattu, atteint par l'étau de l'enquête #Russie en privé mais de plus en plus agressif en meeting contre 1 presse vue comme 1 ennemie à mort...washingtonpost.com/politics/trump…
3)...sauf que #Trump le tribun du peuple ne peut supporter de se voir décrit comme"faible" ou "déprimé" et nie avoir la moindre inquiétude sur 1 éventuelle inculpation de son fils pour sa rencontre du 9 juin 2016 avec les Russes....MAIS, MAIS...
Read 12 tweets
Profile picture
Trump Hotels' website still lists Trump SoHo New York among its properties in the Our Hotels menu. Select its name though to access its page and there's a message about it being renamed

bit.ly/2EPCSy1
National politics correspondent for Newsweek, Nina Burleigh, with a fun find on a TV above the bar at the Trump Hotel DC bit.ly/2E37QRR
Two errors in the 2nd graf of Breitbart's Trump Hotel DC article:
-holdings aren't out of @realDonaldTrump's hands: trust isn't blind & he can profit from it
-Trump Org told Congress it was estimating foreign receipts—not auto donating in full
bit.ly/2CpL7z2
Read 1562 tweets
Profile picture
Evidemment l'actu US se tourne vers le Texas mais la soirée a été terrible pour #Trump sur le dossier #Russie...
2)D'1 part, Mueller va donc inculper avec le général Flynn son 1er(ex)membre de la présidence #Trump...Nouveau seuil.nbcnews.com/news/us-news/m…
3)Bien sûr la défense de #Trump est toute prête:il a viré #Flynn conseiller sécurité nationale au bout de 3 semaines de présidence ...MAIS..
Read 16 tweets

Trending hashtags

#Qnaon #KremlinAnnex #Floride #Donnelly #StudentsDemandAction #tga #nofilter #MLKDay2018 #Sall #NeverForget #GOPBuffoonery #Budapest #MercuryPublicAffairs #ElectionDay2017 #Trump #EtatsUnis #MAGA #PresidentialAlert #Russian #Hannukah #NeverAgain #FlashbackFriday #SoHo #Mueller #Ghouta

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!