Updated September 27, 2020 Corruption & Self-Dealing
Major Abuse of Power
Decades of Tax Fraud: How Trump and the Trump Family Evaded Taxes on Over $1 Billion in Inherited Wealth
The Times obtained decades of Fred Trump's tax records showing the family used fraudulent asset undervaluation, sham consulting fees, and a dummy corporation ('All County Building Supply') to transfer over $1 billion in wealth to Trump and his siblings while evading hundreds of millions in estate and gift taxes. A separate 2020 investigation found Trump had paid virtually no federal income tax for years.