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The New York Times dropped a bombshell report yesterday saying that President Trump received at least $413 million of his dad’s fortune using tax workarounds and “outright fraud.” Trump allegedly helped his dad set up a fake corporation, make improper tax deductions, and undervalue real estate to avoid paying taxes. He so far has refrained from comment on the report but his lawyer said the allegations aren’t true. New York’s tax dept is looking into it, and though the statute of limitations has passed to be criminally charged, he could still face some civil fines for tax fraud.
