Extra Extra: Trump Engaged In 'Outright Fraud' To Avoid Taxes On His Father's Wealth

Oct. 2, 2018, 5:23 p.m.

Because you like counting squirrels, check out today's end-of-day links: Trump's inheritance report, Michael B. Jordan profile, new 'Spider-Verse' trailer, pop star film debuts, self-checkouts, Fat Bear Week and panda has a snack.

chris protopapas' flickr

<a href="https://www.vox.com/the-goods/2018/10/2/17923050/self-checkout-amazon-walmart-automation-jobs-surveillance" target="_blank" rel="noopener">chris protopapas' flickr</a>

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  • Trump has always promoted himself as a self-made billionaire, but a NY Times investigation found that he received more than $400 million from his father’s empire (starting from when he was literally a toddler), much of it through dubious tax schemes during the 1990s, including instances of outright fraud.
  • Trump's parents transferred well over $1 billion in wealth to their children, which could have produced a tax bill of at least $550 million under the 55 percent tax rate on gifts and inheritances that was in place at the time. Helped by a variety of tax dodges, the Trumps paid $52.2 million, or about 5 percent, tax returns show.
  • To help you wash down all that Trump, read this Vanity Fair profile of the much-more charming Michael B. Jordan.
  • Check out the second trailer for Spider-Man: Into The Spider-Verse, which features John Mulaney as Spider-Pig!
  • Do you want to be a squirrel census counter for the city? Sign up here.
  • Trump, who once campaigned to have five innocent NYC kids executed for a crime they did not commit, said today of the #MeToo era that, "My whole life, I've heard you're innocent until proven guilty. But now you're guilty until proven innocent...[it's a] very scary time for young men in America."
  • Vulture ranked the film debuts of pop stars including Cher, Taylor Swift, Madonna, Michael Jackson and more.
  • Gov. Andrew Cuomo signed legislation into law today that allows pets to be brought aboard any public transit service during an emergency.
  • Should self-checkouts just die?
  • This is almost certainly the weirdest Drew Barrymore profile you'll ever read.
  • Is enormous Bear 747 truly Fat Bear Week's fattest bear?
  • And finally, anyone else craving a bamboo snack about now?