Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found

David Barstow, Susanne Craig, Russ Buettner and Megan Twohey, Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found. The New York Times, 1 October 2016.

Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show. The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.”

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Trump used $258,000 from his charity to settle legal problems

David A. Fahrenthold, Trump used $258,000 from his charity to settle legal problems. The Washington Post, 20 September 2016. The Washington Post’s David A. Fahrenthold explains the latest revelations about how Republican presidential nominee Donald Trump may have violated the IRS’s rules regarding charitable funds.

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How Donald Trump retooled his charity to spend other people’s money

David A. Fahrenthold, How Donald Trump retooled his charity to spend other people’s money. The Washington Post, 10 September 2016. “The Donald J. Trump Foundation is not like other charities. An investigation of the foundation — including examinations of 17 years of tax filings and interviews with more than 200 individuals or groups listed as donors or beneficiaries — found that it collects and spends money in a very unusual manner. For one thing, nearly all of its money comes from people other than Trump. In tax records, the last gift from Trump was in 2008. Since then, all of the donations have been other people’s money — an arrangement that experts say is almost unheard of for a family foundation. Trump then takes that money and generally does with it as he pleases. In many cases, he passes it on to other charities, which often are under the impression that it is Trump’s own money.”

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How Elizabeth Holmes’s House of Cards [Theranos] Came Tumbling Down

Nick Bilton, How Elizabeth Holmes’s House of Cards Came Tumbling Down. Vanity Fair, 6 September 2016. “In a searing investigation into the once lauded biotech start-up Theranos, Nick Bilton discovers that its precocious founder defied medical experts–even her own chief scientist–about the veracity of its now discredited blood-testing technology. She built a corporation based on secrecy in the hope that she could still pull it off. Then, it all fell apart.”

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How Fox News Women Took Down Roger Ailes

Gabriel Sherman, How Fox News Women Took Down Roger Ailes. New York Magazine, 2 September 2016. “It took 15 days to end the mighty 20-year reign of Roger Ailes at Fox News, one of the most storied runs in media and political history. Ailes built not just a conservative cable news channel but something like a fourth branch of government; a propaganda arm for the GOP; an organization that determined Republican presidential candidates, sold wars, and decided the issues of the day for 2 million viewers. That the place turned out to be rife with grotesque abuses of power has left even its liberal critics stunned. More than two dozen women have come forward to accuse Ailes of sexual harassment, and what they have exposed is both a culture of misogyny and one of corruption and surveillance, smear campaigns and hush money, with implications reaching far wider than one disturbed man at the top.”

Update: Sarah Ellison, Fox Settles With Gretchen Carlson for $20 Million–and Offers an Unprecedented Apology. Vanity Fair, 6 September 2016.

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Think Tank Scholar or Corporate Consultant? It Depends on the Day

Eric Lipton, Nicholas Confessore and Brooke Williams, Think Tank Scholar or Corporate Consultant? It Depends on the Day. The New York Times and the New England Center for Investigative Reporting, 8 August 2016. “Acting as independent arbiters to shape government policy, many [think tank] researchers also have corporate roles that are sometimes undisclosed.”

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How Think Tanks Amplify Corporate America’s Influence

Eric Lipton and Brooke Williams, How Think Tanks Amplify Corporate America’s Influence.” The New York Times and the New England Center for Investigative Reporting, 7 August 2016. “Think tanks are seen as independent, but their scholars often push donors’ agendas, amplifying a culture of corporate influence in Washington.”

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Donald Trump’s Ghostwriter Tells All

Jane Mayer, Donald Trump’s Ghostwriter Tells All. The New Yorker, 25 July 2016 issue (18 July 2016 in the digital edition). [Tony Schwartz ghostwrote “The Art of the Deal,” Donald] Trump’s 1987 breakthrough memoir, earning a joint byline on the cover, half of the book’s five-hundred-thousand-dollar advance, and half of the royalties. The book was a phenomenal success, spending forty-eight weeks on the Times best-seller list, thirteen of them at No. 1. More than a million copies have been bought, generating several million dollars in royalties. The book expanded Trump’s renown far beyond New York City, making him an emblem of the successful tycoon…. Starting in late 1985, Schwartz spent eighteen months with Trump—camping out in his office, joining him on his helicopter, tagging along at meetings, and spending weekends with him at his Manhattan apartment and his Florida estate. During that period, Schwartz felt, he had got to know him better than almost anyone else outside the Trump family.”

Update: Jane Mayer, Donald Trump Threatens the Ghostwriter of “The Art of the Deal.” The New Yorker, 20 July 2016. “When Tony Schwartz, Donald Trump’s ghostwriter for his 1987 memoir, “The Art of the Deal,” decided to tell the public about his concerns that Trump isn’t fit to serve as President, his main worry was that Trump, who is famously litigious, would threaten to take legal action against him. Schwartz’s premonition has proved correct.”

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Donald Trump’s Deals Rely on Being Creative With the Truth

David Barstow, Donald Trump’s Deals Rely on Being Creative With the Truth. The New York Times, 16 July 2016. “…[A] survey of Mr. Trump’s four decades of wheeling and dealing…reveals an…operatic record of dissembling and deception, some of it unabashedly confirmed by Mr. Trump himself, who nearly 30 years ago first extolled the business advantages of “truthful hyperbole.” Indeed, based on the mountain of court records churned out over the span of Mr. Trump’s career, it is hard to find a project he touched that did not produce allegations of broken promises, blatant lies or outright fraud.”

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How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions

Russ Buettner and Charles V. Bagli, How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions. The New York Times, 11 June 2016. “[Trump’s] audacious personality and opulent properties brought attention — and countless players — to Atlantic City as it sought to overtake Las Vegas as the country’s gambling capital. But a close examination of regulatory reviews, court records and security filings by The New York Times leaves little doubt that Mr. Trump’s casino business was a protracted failure. Though he now says his casinos were overtaken by the same tidal wave that eventually slammed this seaside city’s gambling industry, in reality he was failing in Atlantic City long before Atlantic City itself was failing.”

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