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Companies and setting up a sham corporation to help their parents damage taxes. the president's parents, transferred over $1 billion in wealth to their children which could have produced a tax bill of at least $550 million under the 65% tax rate that was then imposed on gifts and inheritances. the trumps paid a total of $52.2 million or about 5% as tax records show. president trump and his siblings could owe new york state about $400 million in unpaid taxes, interest and penalties. mayor bill de blasio vowed to recoop any money that the trump's may owe, period. orrin hatch told reporters the p...

Engaged in potential illegal tax schemes including filing improper tax deductions, undervaluing real estate companies and setting up a sham corporation to help their parents damage taxes. the president's parents, transferred over $1 billion in wealth to their children which could have produced a tax bill of at least $550 million under the 5% tax rate that was then imposed on gifts and inheritances. the trumps paid a total of $52.2 million or about 5% as tax records show. president trump and his siblings could owe new york state about $400 million in unpaid taxes, interest and penalties. mayor ...

The allegations "100% false and highly defamatory." "the times" investigation asserts more than a billion dollars of his parents' wealth was transferred to trump and his siblings, creating a potential tax bill of "at least $550 million," but instead, it's alleged the family used "tax dodges" and paid "$52.2 million." the new york state tax department now investigating. >> let's be really clear -- city of new york is looking to recoup any money that donald trump owes the people of new york city. period. >> reporter: authorities say they could pursue back taxes and penalties. and the other outst...

Strategies, some of which the paper says appear to be illegal, used to reduce the family's tax bills over the years. "the president's parents fred and mary trump transferred well over $1 billion in wealth to their children, which could have produced a tax bill of at least $550 million under the 55% tax rate then imposed on gifts and inheritances. the trump's paid a total of $52.2 million, or about 5%." that's a difference of almost $500 million, half a billion dollars, money that should have belonged to the american people and the american public but instead went to line the pockets of the tru...

The trump's paid a total of $52.2 million, or about 5%." that's a difference of almost $500 million, half a billion dollars, money that should have belonged to the american people and the american public but instead went to line the pockets of the trump family and the trump children, including the president. joining me now, a writer who had a great piece on the irs just yesterday in the "new york times." it's a hell of a story. >> amazing piece of reporting, absolutely. >> the thing that struck me is the "new york times" does not say outright fraud without layers and layers of lawyers going th...