4 videos 14,720 views Last updated on Oct 2, 2018
President Trump has sold himself as a self-made billionaire and has long insisted that his father provided almost no financial help. However, our investigation found that he received more than the equivalent today of $400 million from his father’s real estate empire. These videos take you through the dubious tax schemes from the 1990s that got him there. This is the first comprehensive look at the inherited fortune and tax dodges that guaranteed Donald J. Trump a gilded life. In all, the president’s parents transferred well over $1 billion in wealth to their children, which could have produced a tax bill of at least $550 million under the 55 percent tax rate then imposed on gifts and inheritances. But helped by a variety of tax dodges, the Trumps only paid $52.2 million, or about 5 percent, tax returns show. Much of the family money was structured to sidestep gift and inheritance taxes using methods tax experts described as improper or possibly illegal.
The New York Times
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How Fred Trump Built Donald Trump’s Financial Empire | NYT News
The New York Times
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How Donald Trump’s Dad Made Him a Landlord at 3 | NYT News
The New York Times
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How Fred Trump’s Children Became His Bankers | NYT News
The New York Times
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2:04
How The Trumps Held On to Generational Wealth | NYT News
The New York Times
1
2:17
How Fred Trump Built Donald Trump’s Financial Empire | NYT News
The New York Times
2
1:06
How Donald Trump’s Dad Made Him a Landlord at 3 | NYT News
The New York Times
3
1:09
How Fred Trump’s Children Became His Bankers | NYT News
The New York Times
4
2:04
How The Trumps Held On to Generational Wealth | NYT News
The New York Times
