TAX EVASION - WHY TRUMP MUST POSITION KAVANAUGH IN POWER

EXCERPT FROM DEMOCRACY NOW

NERMEEN SHAIKH: The New York State Department of Taxation and Finance has opened an investigation of President Trump for fraud and tax evasion, following a major exposé by The New York Times. New York City Mayor Bill de Blasio has also called for a city probe, and Democratic Senator Ron Wyden has urged the IRS to investigate the president.

 

The Times revealed Trump inherited much of his family's wealth through tax dodges and outright fraud, receiving at least $413 million - in inflation-adjusted dollars, that is -from his father's real estate empire. The Times' 13,000-word investigative report found the late Fred and Mary Trump transferred more than $1 billion in wealth to their children, and much of it to Donald Trump, paying less than 5 percent of the $550 million in taxes they should have under inheritance tax rates. As part of a scheme to reduce taxes, Donald Trump also helped his parents undervalue real estate holdings by hundreds of millions of dollars in IRS tax returns.

 

AMY GOODMAN: The New York Times also reports Trump earned $200,000 a year in today's dollars from his father's companies beginning at the age of 3, with a salary that increased to $1 million a year after Trump graduated college and to $5 million a year when Trump was in his forties. Over the years, Trump has repeatedly portrayed himself as a self-made billionaire whose only head start was a "small loan of a million dollars," he would say, from his father.

See the full transcript at -https://www.democracynow.org/2018/10/4/nyt_expose_self_made_billionaire_donald

The day will come when, like Al Capone, Donald Trump will be tried in court for his crimes.