Comments by "michael" (@michaeld4861) on "CNN"
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@EliMaranga "Donald Trump received at least $413 million (2018 prices) from his father's business empire...Drawing upon more than 100,000 pages of tax returns and financial records from Fred Trump's businesses and interviews with former advisers and employees, the Times found 295 distinct streams of revenue that Fred Trump created over five decades in order to channel his wealth to his son."
"When Donald Trump speaks of the money he received from his father, he typically downplays the actual amount. He prefers to have a reputation as a self-made man."
"In 1976, Fred set up trust funds of $1 million for each of his 5 children."
Another 20 mil from his dads will.
"He paid no taxes in 2008. When he filed taxes in 2009, he declared over $700 million in business losses and, on that basis, he asked for a refund of his federal income taxes paid in 2005–2007. He was eventually refunded the $70.1 million plus over $2.7 million in interest. As of 2020, auditors are still considering the matter. If he is asked to return that federal refund, then, considering added interest and penalties, he may owe over $100 million to the federal government." "He also received $21.2 million in state and local refunds"
Former Forbes reporter Jonathan Greenberg said in 2018 that during the 1980s Trump had deceived him about his actual net worth and his share of the family assets in order to appear on the list. According to Greenberg,
"it took decades to unwind the elaborate farce Trump had enacted to project an image as one of the richest people in America. Nearly every assertion supporting that claim was untrue. Trump wasn't just poorer than he said he was. Over time, I have learned that he should not have been on the first three Forbes 400 lists at all. In our first-ever list, in 1982, we included him at $100 million, but Trump was actually worth roughly $5 million—a paltry sum by the standards of his super-monied peers—as a spate of government reports and books showed only much later."
Sounds like a real winner. Also pretty clear he is lying about his wealth and borrowing money to keep up appearances. Let's face it, he got all his money from daddy and now he's squandered it with bad business decisions and he's borrowing on every property and lying and tax frauding his way onto the wealthy list cause his ego is a fragile little boy.
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