Bombshell Report Details Tax Evasion and ‘Outright Fraud’ Through Which Trump Accumulated His Wealth From Daddy

Donald Trump with his ex-wife, Ivana, and his father Fred in 1988. (Photo: Jeffrey Asher/Getty Images)

“There you have it: Donald Trump is no self-made man, he was a millionaire at age eight and only survived on his daddy’s money.”

Undermining the narrative President Donald Trump has aggressively promoted of his success as a “self-made” billionaire—the platform upon which he has built his success as a business mogul as well as his campaign for president in 2016—the New York Times released an explosive in-depth report on Tuesday detailing schemes which allowed Trump to avoid paying taxes on wealth that was transferred from his parents to himself and his siblings.

The “dubious tax schemes” Trump helped coordinate include cases of “outright fraud,” according to the Times.

Trump has for years been fond of telling audiences that through hard work and financial know-how he was able to transform a single $1 million loan from his father, Fred Trump, into a $10 billion fortune—a tale that made him a popular figure with those who voted for him in 2016.

via Bombshell Report Details Tax Evasion and ‘Outright Fraud’ Through Which Trump Accumulated His Wealth From Daddy