(NEXSTAR) — Among the many topics covered in Tuesday's presidential debate was former President Donald Trump's legacy, which Vice President Kamala Harris used as a contrast as she sought to connect with the middle class.
How much Trump received was apparently a sensitive issue for the former president, who has often claimed it was a “very small loan.” 2018 Report The New York Times largely denied it.
The Times claimed that its review of financial documents found that Trump received more than $413 million (in 2018 dollars) over the years from his father, Fred, a New York City developer.
According to The Washington PostTrump profited from trusts set up for his family and loans made by his father and his estate. The New York Times reported that Trump and his father used bogus corporations to avoid gift and inheritance taxes by undervaluing their assets. The Associated Press Reported.
Trump and White House lawyers denied the allegations at the time.
Trump is doing much the same thing. Assert His father gave Trump “just a small loan” that he turned into “a multi-billion dollar company” — but as Harris pointed out during Tuesday's debate, Trump's companies have filed for Chapter 11 bankruptcy protection. 7 times.
In 2021, Trump For the first time in 25 years on the Forbes 400 listIt will return to the list in 2022, Fell Again in 2023.
