The Trump family is under investigation after a number of documents, including Fred Trump's tax statements, show countless efforts to enrich Donald Trump and have set him to be the successful businessman and public figure and politician he made. Many of the transfers were made in secret, often in useful ways that Trump and the siblings saved hundreds of millions of dollars, according to a new analysis by The New York Times.
In eye-popping detail it lays bare what it says was years of tax schemes which it calls ‘dubious tax schemes… including instances of outright fraud’.
Within minutes of its publication New York State tax authorities said they would investigate.

At age three, Trump was gaining $ 200,000 a year in 2018 dollars from his father's business empire, becoming a millionaire at the age of eight, according to the report. By the time he drove his dormitory school and Wharton graduate college, Trump was getting $ 1 million a year in today's dollars - a sum that would go up to $ 5 million a year from the time his 40th hit. Property transfers and underestimations had the effect of allowing Trump's children to avoid taxable gifts and property taxes on the full value of the property. They paint a mirror of great wealth consistent with equally controversial accounting, all for the benefit of Fred Trump and his family.
In just once example, sourced to the 1995 tax return of Fred Trump, a successful developer of large-scale housing construction projects, Donald Trump and his sibling claimed 25 apartment complexes with 6,988 apartments were worth only $41 million. Less than a decade later, in 2004, banks valued them at $900 million.
Trump was able to ban a total of $413 million from father’s empire partly through tax ‘dodges,’ according to the bombshell analysis.