Tags: democrats | new york times | trump | taxes

NYT Offers Confused Indictment of Trump Empire

NYT Offers Confused Indictment of Trump Empire
U.S. President Donald Trump gestures as he steps off Air Force One upon arrival at Blue Grass Airport in Lexington, Kentucky, on October 13, 2018, en route for a "Make America Great Again" rally in Richmond. (Nicholas Kamm/AFP/Getty Images)

By with Michael R. Shannon
Tuesday, 16 October 2018 09:30 AM Current | Bio | Archive

Democrats these days are heavily in to archeology. And we don’t think that’s because their leader in the House of Representatives, Rep. Nancy Pelosi, is 78-years-old. It’s more because digging into the past means they can interpret any evidence they dig up pretty much as they please since memories have faded and participants moved on.

The latest avenue of attack is the tax returns of President Trump’s father, the late Fred Trump. If you believe the Opposition News New York Times, Fred Trump is another class criminal who wanted to keep his tax bill low and pass as much of his earnings as possible on to his children! It’s enough to make you wish they still had a courtroom in Nuremberg.

Here are just a few of the nefarious schemes this criminal mastermind used to cheat the left out of what it wanted from his hard-earned fortune.

Fred Trump gave his children money each year. He put his kids on the payroll. He loaned money to his children and didn’t foreclose when they didn’t repay him. Trump created a trust called a GRAT trust that distributed Fred Trump’s money in increments determined by the trust documents.

Here the Times’ bill of indictment gets a bit confusing. After the trust was established and what the kids weren’t given they bought on the installment plan, the Times contends the siblings owned Fred Trump’s holdings “free and clear of estate taxes.” But later after dad dies, the Times said Donald Trump received his biggest jackpot ever, $177.3 million. So which is it? Was the trust chump change?

What the Times and the rest of the financial jackals pushing this story fail to reveal is every dime in Fred Trump’s estate had already been taxed once when he made it. The estate tax the left loves so much is a double-dip tax that gives the taxman a chance to tax money that had already been taxed.

Michael Reagan, the eldest son of President Reagan, is a Newsmax TV analyst. A syndicated columnist and author, he chairs The Reagan Legacy Foundation. Michael is an in-demand speaker with Premiere speaker’s bureau. Read more reports from Michael Reagan — Go Here Now.

Michael R. Shannon is a commentator, researcher for the League of American Voters, and an award-winning political and advertising consultant with nationwide and international experience. He is author of "Conservative Christian’s Guidebook for Living in Secular Times (Now with added humor!)." Read more of Michael Shannon's reports — Go Here Now.

© Mike Reagan

   
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Democrats these days are heavily in to archeology. And we don’t think that’s because their leader in the House of Representatives, Rep. Nancy Pelosi, is 78-years-old.
democrats, new york times, trump, taxes
415
2018-30-16
Tuesday, 16 October 2018 09:30 AM
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