Page 9 - Purchasing Agent News Today

Fathers estate really looks like president trump and his siblings were, quote, dodging hundreds of millions of dollars in gift taxes by submitting tax returns that grossly undervalued those properties. that is the story told tonight in "the new york times" that has never been told before. its laid out in great granular detail in this huge new investigation in "the times" tonight. also never told before, the story of a fake company that trump and his siblings set up, specifically to siphon money ...

Im. he was never on the precipice of utter devastation. what to do out to it seems to me not the shattering of this myth. what to do out for me is how they did this and on whose backs they did it. the overt fraud was county building supply andmaintenance. all countys purpose was to be the purchasing agent to fred trumps buildings. it did no such thing. all counties siphoned millions of dollars by marking up purchases made by his employees. those millions, untaxed gifts rn, flowed to owners. fred...

Consultant. he gave him the laundry revenue from the buildings. even after this incredible generosity from fred trump to donald trump, there comes this moment that we discover in our reporting that there was one line that was sort of too far even for fred trump. it was when fred trump discovered that donald trump had hired lawyers to rewrite a portion of his will in a way that fred trump perceived could put his entire empire at risk. it would have given donald trump so much control over the empi...

>> shepard: at one point during the article, you write, "over time as donald trump careened from one financial disaster to the next, his father found ways to give him more money. even in 1990, mr. trump tried to have his fathers will rewritten in a way that fred trump alarmed and angered and could result in his empire to be used to bail out his sons failing businesses." >> that was a huge surprising find for us. was what we were seeing is that fred trump through, you know, starting when donald t...

Donald trump in particular. so we actually traced the beginning of this wealth transfer to when donald trump was three years old, a toddler, and he was making the equivalent of $200,000 a year at age three. he was a millionaire by age eight. he was being given ownership in one of fred trumps apartment buildings at the age of 17, and fred trump found all of these different ways to basically pay his son not just when he was sort of getting started, but through his life. so he didnt just put him on...

Over a 50-year period of time. i mean, it was kind of astonishing the different ways that fred trump funneled money to donald. he didnt just put him on his payroll. he made him his banker. he made him his landlord. he made him his consultant. he made him his property manager. he made him his purchasing agent. he gave him laundry revenue. sort of on and on and on and on. the various methods and strategies that fred trump used to funnel money to -- to president trump. and not just at the beginning...

They negotiated prices with hospitals and doctors. so the theory, at least as i understood it, which i agreed with, is that by having a stronger purchasing agent, they would be able to negotiate lower prices from hospitals and doctors for the employers. i pointed out at the end of my dissent, senator, that there might be a problem in the upstream hospital/doctor market. i specifically said i would have sent it back to the district court for analysis of whether the merger was a problem. its a -- ...

Negotiated prices with hospitals and doctors. so the theory of at least as i understand it, which i have agreed with is by having a stronger purchasing agent, they would be able to negotiate lower prices from hospitals and doctors for the employers. i pointed out at the end of my dissent, there might be a problem in the upstream hospital doctor market, but i did not think there was a problem in the market that was at issue in the case. i said i would have sent it back to the district court for a...

Purchasing agents for employers in the upstream market where they negotiated prices with hospitals and doctors. so the theory at least as i understood it, which i agreed with, was that by having a stronger purchasing agent, they would be able to negotiate lower prices from hospitals and doctors for the employers. i pointed out at the end of my dissent, senator, that there might be a problem in the upstream hospital doctor market, but i did not think there was a problem in the market that was at ...

many untrue things as fast as you can to get them all into one or two quick statements. so i thought it was kind of wild. >> heres a snapshot of romneys tax details. for 2010, he and his wife reported income topping $21 million, mostly from investments on which they paid less than 14% in federal tax. the gingriches and the obamas earned far less and paid, percentage wise, far more. tax rates are sure to come up in president obamas third state of the union speech. heres one tip-off. wer...