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Trump Timeline ... Trumpocalypse
- Thread starter CdnGuy
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In President Trump’s telling, he is a committed philanthropist with strong ties to many charities. “If you don’t give back, you’re never ever going to be fulfilled in life,” he wrote in “Trump 101: The Way to Success,” published at the height of his “Apprentice” fame.
And according to his tax records, he has given back at least $130 million since 2005, his second year as a reality TV star.
But the long-hidden tax records, obtained by The New York Times, show that Mr. Trump did not have to reach into his wallet for most of that giving. The vast bulk of his charitable tax deductions, $119.3 million worth, came from simply agreeing not to develop land — in several cases, after he had shelved development plans.
Three of the agreements involved what are known as conservation easements — a maneuver, popular among wealthy Americans, that typically allows a landowner to keep a property’s title and receive a tax deduction equal to its appraised value. In the fourth land deal, Mr. Trump donated property for a state park.
The New York attorney general is investigating whether the appraisals on two of Mr. Trump’s easement donations were improperly inflated to win larger tax breaks, according to court filings.
Mr. Trump’s pronouncements of philanthropic largess have been broadly discredited by reporting, most notably in The Washington Post, that found he had exaggerated, or simply never made, an array of claimed contributions. His own charitable foundation shut down in 2018 amid allegations of self-dealing to benefit Mr. Trump, his businesses and his campaign.
But the tax data examined by The Times lends new authority and far greater precision to those findings. The records, encompassing his reported philanthropic activity through 2017, reveal not only its exact dimensions; they show that much of his charity has come when he was under duress — facing damage to his reputation or big tax bills in years of high income.
Jack Spade
Member
Your a DR WTF is that?? Saw earlier today like he is a zombie
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