re: IRS collected a gargantuan $7 billion estate tax from a single source, nobody knows who

quote:

---

You think he would be able to give his billions to his son before he died without getting taxed?

---

Check out four ways that Fred Trump made his children rich:

Fred Trump made his son not just his salaried employee but also his property manager, landlord, consultant and banker.

Fred Trump provided money for Donald Trump’s car, money for his employees, money to buy stocks, money for his first Manhattan offices and money to renovate those offices. He gave him shares in multiple partnerships. He gave him $10,000 Christmas checks. He gave him laundry revenue from his buildings. He also gave him trust funds that were used to transfer a majority of Fred Trump’s empire to Donald Trump and his living siblings.

The biggest payday Donald Trump ever got from his father came long after Fred Trump’s death. It happened quietly, without the usual Trumpian news conference, on May 4, 2004, when Donald 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.

Donald Trump’s cut: $177.3 million, or $236.2 million in today’s dollars.

quote:

---

TDS

---

Oh, I get it, you're just a closet Politard.

You think I'm judging Trump negatively here. What's revealed is that you're the one providing the value judgment. I'm just providing facts without judgment. I'm describing how rich people can get around paying the tax - legally. If you think it's wrong, don't blame me. Who TF do you think writes the tax code, working class people?

I've inherited enough myself to have basically retired at 57. Now I just run a company to handle family business, hoping that maybe one day it'll break even. But it doesn't really have to. Mostly it needs to limit my personal liability, and provide a write-off.