Type: Corruption\Financial GainOct 02 2018 Severity: About: Income Tax
& Estate Tax
The New York Times accused Donald Trump of fraudulently building his fortune by using "dubious tax schemes" with his father to avoid paying hundreds of millions in Federal taxes. Trump has long billed himself as someone who built his own fortune, but these tax documents show a very different story. The records, which number in the hundreds of thousands, show Trump's father giving him $200,000 a year starting at the age of three, making Donald a millionaire in his own right by the time he was eight years old. They also show Donald helping his father set up shell companies to avoid paying millions of dollars in estate taxes.