![]() And most families couldn’t even avoid taxes if they tried. Americans view paying taxes as an important civic duty. Honest Americans would not engage in the kinds of schemes that the Trumps pulled. The very wealthy play by a different set of tax rules than working people The Times reported, “Tenants repeatedly protested the increases, almost always to no avail, the records show.”īelow are three policy-related takeaways from the Times report. But what’s worse is that Fred Trump used the artificially high prices he paid to persuade government regulators that he was justified in raising his tenants’ rents. Through this outrageous scheme, Fred Trump’s real estate empire would pay artificially inflated prices for services provided by the company, which was owned by Donald Trump, his siblings, and a relative-thereby transferring money to the next generation of Trumps without reporting taxable gifts.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |