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When the history of the Trump presidency is written, the clash with protesters that Throughout his time in office, Mr. Trump has generated concern over what Even beforehand, Democratic governors in Virginia, New York and This account of the clash is based on descriptions by reporters at the scene.


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Trump's Taj - Open at Last, With a Scary Appetite was the opening last week of his third Atlantic City casino, the Trump Taj Mahal. The lavish opening drew hundreds of reporters and a regiment of flashing paparazzi.


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The president, then a casino impresario, opened the Trump Taj After Pennsylvania, Delaware, Maryland and New York made casinos legal, those states He has been a reporter for the Times since and has covered.


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But reviews by New Jersey casino regulators and securities filings The Trump Plaza casino lost $ million in The Agonizing Question: Is New York City Worth It Anymore? “This just represents the best point in my life,” Mr. Trump told a Times reporter as he settled into a stretch limousine.


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President Trump will stay at his hotel in Las Vegas this week, and Erin Schaff/​The New York Times The Trump International Hotel, which hosts Hilton time-​shares, is a glassy, Our reporters will send you live updates and analysis during the “Lack of casino creates a more peaceful Vegas experience.


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When the history of the Trump presidency is written, the clash with protesters that Throughout his time in office, Mr. Trump has generated concern over what Even beforehand, Democratic governors in Virginia, New York and This account of the clash is based on descriptions by reporters at the scene.


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The real estate and casino developer I covered as a reporter in the s was a disaster.


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But reviews by New Jersey casino regulators and securities filings The Trump Plaza casino lost $ million in The Agonizing Question: Is New York City Worth It Anymore? “This just represents the best point in my life,” Mr. Trump told a Times reporter as he settled into a stretch limousine.


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The facade of the Trump Taj Mahal casino hotel is seen on March 30, DONALD TRUMP is a succulent target for an investigative reporter.


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In an episode never before revealed, Mr. Harder said. The richest Americans almost never pay anything close to full freight. Trump has sold in his books, his TV shows and his political life. Donald Trump went to work for his father after graduating from the University of Pennsylvania in His father made him vice president of dozens of companies. Trump has said, a narrative that was long amplified by often-credulous coverage from news organizations, including The Times. It was also a mountain of cash, tens of millions of dollars in profits building up inside his businesses, banking records show. At age 35, he was building hundreds of houses a year in Brooklyn and Queens. Fred Trump openly ridiculed him for being too nice, too soft, too lazy, too fond of drink.{/INSERTKEYS}{/PARAGRAPH} By age 3, Mr. The reporting makes clear that in every era of Mr. By 45, he was building some of the biggest apartment complexes in the country. Trump would be vulnerable to criminal prosecution for helping his parents evade taxes, because the acts happened too long ago and are past the statute of limitations. Critical to the complex transaction was the value put on the real estate. Before he became president, his singular achievement was building the brand of Donald J. It happened quietly, without the usual Trumpian news conference, on May 4, , when Mr. Trump and his siblings sold off the empire their father had spent 70 years assembling with the dream that it would never leave his family. Much of this money came to Mr. He gave him shares in multiple partnerships. Much of his giving was structured to sidestep gift and inheritance taxes using methods tax experts described to The Times as improper or possibly illegal. Yet his tax returns show he paid no gift taxes on seven of the buildings, and only a few thousand dollars on the eighth. Of course, the story of how Donald Trump got rich cannot be reduced to handouts from his father. In Mr. They include documents culled from public sources — mortgages and deeds, probate records, financial disclosure reports, regulatory records and civil court files. The facts upon which The Times bases its false allegations are extremely inaccurate. Even so, in , according to previously secret depositions, Mr. Harder sought to distance Mr. There is no shortage of clever tax avoidance tricks that have been blessed by either the courts or the I. For Donald Trump, this meant a rapidly growing new source of income. Trump, passed away in June Our beloved mother, Mary Anne Trump, passed away in August All appropriate gift and estate tax returns were filed, and the required taxes were paid. It did no such thing, records and interviews show. The investigation also draws on tens of thousands of pages of confidential records — bank statements, financial audits, accounting ledgers, cash disbursement reports, invoices and canceled checks. On June 1, , Fred Trump transferred a plot of land in Queens to a newly created corporation. A review of property records for the eight buildings turned up no evidence that his children bought them outright. It was not unusual for tens of millions in Treasury bills and certificates of deposit to flow through his personal bank accounts each month. There is no time limit, however, on civil fines for tax fraud. It was easy money for the Trump children. While he would be its president, his children would be its owners, records show. The wave took shape with the New Deal, grew during the World War II rush to build military housing and crested with the postwar imperative to provide homes for returning G. But a lawyer for Mr. His employees managed the building. {PARAGRAPH}{INSERTKEYS}President Trump participated in dubious tax schemes during the s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found. Then he constructed a unit building called Clyde Hall. He was a millionaire by age 8. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder Fred C. He bought the land, built the apartments and obtained the mortgages. He had also assembled a phalanx of plugged-in real estate lawyers, property appraisers and tax accountants who protected his interests. The same set of buildings would be sold off over the next decade for more than 16 times that amount. They described how Mr. Soon after Mr. Records indicate that Mr. The profits, meanwhile, went to his children. Trump a gilded life. Most notably, the documents include more than tax returns from Fred Trump, his companies and various Trump partnerships and trusts. But over time, as Donald Trump careened from one financial disaster to the next, his father found ways to give him substantially more money, records show. When he was in his 80s and beginning to slide into dementia, evading gift and estate taxes became a family affair, with Donald Trump playing a crucial role, interviews and newly obtained documents show. Trump because he helped his parents dodge taxes. By the early s, Fred Trump would execute similar transfers of the other seven buildings. By the time he was 17, his father had given him part ownership of a unit apartment building. Their father took care of everything. The New York Times would like to hear from readers who want to share messages and materials with our journalists. Fred Trump was simply a cheerleader. He gave him three trust funds. In most cases his four other children benefited equally. It did not go well, relatives and former employees said in interviews. Trump helped his father take improper tax deductions worth millions more. Fred Jr. The president declined repeated requests over several weeks to comment for this article. Trump, Self-Made Billionaire, a brand so potent it generated hundreds of millions of dollars in revenue through TV shows, books and licensing deals. Fred Trump was relentless and creative in finding ways to channel this wealth to his children. Trump from the tax strategies used by his family, saying the president had delegated those tasks to relatives and tax professionals. Before he turned 20, Fred Trump had already built and sold his first home. He provided money for his car, money for his employees, money to buy stocks, money for his first Manhattan offices and money to renovate those offices. He made Donald not just his salaried employee but also his property manager, landlord, banker and consultant. Trump, provided almost no financial help. What emerges from this body of evidence is a financial biography of the 45th president fundamentally at odds with the story Mr. While Fred Trump helped finance the accouterments of wealth, Donald Trump, master self-promoter, spun them into a seductive narrative. Fred Trump then used the padded All County receipts to justify bigger rent increases for thousands of tenants. The line between legal tax avoidance and illegal tax evasion is often murky, and it is constantly being stretched by inventive tax lawyers. Trump, Charles J. All these traits — deep experience, nimbleness, connections, a relentless focus on the efficient construction of homes for the middle class — positioned him perfectly to ride a growing wave of federal spending on housing. The lower its value, the lower the gift taxes. Our family has no other comment on these matters that happened some 20 years ago, and would appreciate your respecting the privacy of our deceased parents, may God rest their souls. According to tax experts, it is unlikely that Mr. How Fred Trump transferred 1, apartments to his children without incurring hundreds of thousands of dollars in gift taxes is unclear. Financial records obtained by The Times reveal only that all of the shares in the partnerships and corporations set up to create the mini-empire shifted at some point from Fred Trump to his children. Beame, a future mayor who could make life easier for a developer. He gave him loan after loan, many never repaid. All told, The Times documented streams of revenue that Fred Trump created over five decades to enrich his son. This was also the moment Fred Trump telegraphed what had become painfully obvious to his family and employees: He did not consider his eldest son, Fred Trump Jr. Harder, provided a written statement on Monday, one day after The Times sent a detailed description of its findings. Although Fred Trump became wealthy with help from federal housing subsidies, he insisted that it was manifestly unfair for the government to tax his fortune as it passed to his children. He and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents, records and interviews show. Records obtained by The Times reveal how he began to build or buy apartment buildings in Brooklyn and Queens and then gradually, without public trace, transfer ownership to his children through a web of partnerships and corporations. Then he set about making his children his landlords. He gave him laundry revenue from his buildings.