The NYTimes understands that the big article is (as the kids all say): tl;dr, so they created a handy cut-out-and-keep 11-point take-away!
- The Trumps’ tax maneuvers show a pattern of deception, tax experts say
- Donald Trump began reaping wealth from his father’s real estate empire as a toddler
- 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
- Father and son set out to create the myth of a self-made billionaire
- Donald Trump tried to change his ailing father’s will, setting off a family reckoning
- The Trumps created a company that siphoned cash from the empire
- The Trump parents dodged hundreds of millions in gift taxes by grossly undervaluing their assets
- After Fred Trump’s death, his empire’s most valuable asset was an I.O.U. from Donald Trump
- Donald Trump got a windfall when the empire was sold. But he may have left money on the table.
Each of those points is backed up in the article, which you should mosdef read, if you want further information, and of course the YUGE 8-page (I’m told) investigation is worthy of your time, too.
But here’s the essential thing to note: Prznint Stupid’s lawyers are not claiming defamation, and his tax returns are still locked up.
But this little tweet is the thing that brings me joy:
“The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation,” New York State Department of Tax and Finance spox tells @ClaudiaKoerner @BuzzFeedNews
— Jon Passantino (@passantino) October 2, 2018
Comrade Trump cannot pardon himself on state-level crimes, and Gov. Cuomo is considering a run in the 2020 Goat Rodeo.