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New York City Mayor Bill de Blasio said Wednesday that President Trump's hometown would seek compensation for any taxes that should have been paid on the money the billionaire was receiving from his late father, and added that "if many people had done their job, he would never have been president of the United States."
Speaking at a press conference alongside Commissioner of the New York Police Department, James O'Neil, de Blasio criticized what he called "the good old network." Boy "from the Empire State, which allowed Trump to reduce the amount of taxes that he and his family were going to have paid.
"Obviously, Donald Trump played the role of a violin and avoided the kind of regulation, investigation and prosecution that he should have received repeatedly," said de Blasio. "He eventually found his way and managed to escape the kind of examination and prosecution he deserved. And honestly, if many people in the state of New York had done their job, he would never have been President of the United States.
The mayor of New York shared his comments a day after the publication of a damning article by The New York Times, claiming that Trump had received at least $ 413 million from his father's real estate in New York, much of the money filtering through questionable tax schemes of the 1990s.
According to confidential income statements and financial documents obtained by the newspaper, Trump and his brothers and sisters created a fake company to conceal millions of dollars in gifts to their parents. Records reviewed by the Times also indicate that Trump helped his father deduct millions of dollars from inappropriate tax deductions and formulated a strategy to undervalue his parents' real estate holdings in order to reduce the tax bill at the time. transfer of properties.
In total, Trump's parents, Fred and Mary, have transferred more than $ 1 billion to their children. The money would have created a tax bill of at least $ 550 million, considering a tax rate of 55% then applied to donations and inheritances, but the family paid a fraction of that amount, $ 52.2 million, according to tax records.
"It is clear to me that there are currently real consequences on what has been leaked, that it is about potential violations of the law or situations in which the statute of limitations is past, very heavy civil penalties that can be applied by the State. and the city, "Blasio told reporters at One Police Plaza on Wednesday." New York City is seeking to recover the money that Donald Trump owes to the people of New York City, point to line."
Tax officials in New York told Fox News on Tuesday that they were reviewing the allegations and "vigorously pursuing all appropriate investigative means."
He eventually found his way and managed to escape the kind of examination and prosecution he deserved. And honestly, if many people in the state of New York had done their job, he would never have been President of the United States.
White House President and Press Secretary Sarah Sanders reacted to the New York Times, with Trump calling this feature a hit hit.
"The New York Times Failing did something that I have never seen done before," tweeted Trump Wednesday morning. "They used the concept of" time value of money "to make a very old, boring and often told film that struck me. In summary, this means that 97% of their stories about me are bad. Never recovered from a bad election!
In an often confrontational press conference, Sanders said the Times' story was a "totally wrong attack" and, referring to Tuesday's Trump's statement, she denied any allegation of fraud or tax evasion.
"I will say that the article worked well, that is, it showed that the president's father had great self-confidence," Sanders said. "In fact, the president proposed to his father many transactions and they earned a lot of money together, so much so that his father went on to say that everything he touched was turning into gold. "
Sanders added, "The president's lawyer touched on some of the specific claims and explained how the allegations of fraud and tax evasion were false and highly defamatory. No one has committed fraud or tax evasion. "
In a New York Times statement, Trump's brother, Robert, also denied any wrongdoing.
"All the appropriate tax and estate returns have been filed and the required taxes paid," said the president's brother. "Our family has no other comments on these issues that happened 20 years ago and would like you to respect the privacy of our deceased parents, may God grant peace to their soul. "
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