Dori wrote:Secondarily I believe the allegations were dated back to when Donald Trump was 3yrs old? The claim is mainly against the father in this case due to the age of Trump.
This can't really be maintained after reading the article. The money funneling began when Trump was young - and continued until his father died. It's a very long article, but here's the gist:
Here is what can be said with certainty: Had Mr. Trump done nothing but invest the money his father gave him in an index fund that tracks the Standard & Poor’s 500, he would be worth $1.96 billion today. As for that $1 million loan, Fred Trump actually lent him at least $60.7 million, or $140 million in today’s dollars, The Times found.
To me there are three important aspects of the article:
1. It continues to degrade Trump's mythology of himself as a self-made man
2. It demonstrates what anyone paying attention already knew: Trump is a bad businessman. The disaster of Trump's career is something I've never seen conservatives try to respond to. There were already documented examples of Fred Trump bailing out Donald's failing businesses. This adds to those examples. As one large example, Trump's sale of his father's empire: "Donald Trump, master dealmaker, sold his father’s empire for hundreds of millions less than it was worth."
3. Tax dodging for decades, on the part of Donald Trump and the entire family, to the order of hundreds of millions of dollars. Primarily, this happened through complicated means of avoiding estate and gift taxes: "In the end, the transfer of the Trump empire cost Fred and Mary Trump $20.5 million in gift taxes and their children $21 million in annuity payments. That is hundreds of millions of dollars less than they would have paid based on the empire’s market value"