Donald Trump said heirs can 'fend for themselves' upon his death: book

Donald Trump said heirs can 'fend for themselves' upon his death: book
Image via Creative Commons.
Bank

Former special assistant to the New York district attorney, Mark Pomerantz wrote in his newly released book about a conversation former President Donald Trump reportedly had with his bookkeeper Allen Weisselberg and lawyer Michael Cohen.

The discussion was about Trump constantly attempting to inflate his net worth. Trump would give the bottom line number and Weisselberg would have to figure out how to make the numbers work.

"Trump decided, arbitrarily, what his net worth would be, and he wanted each year’s number to be bigger than the year before," the book explains. "At one point his growing net worth number became so inflated that Weisselberg warned him that he was creating a large potential estate tax liability—upon his death, the tax authorities could demand taxes commensurate with his inflated net worth. According to Cohen, Trump responded by telling Weisselberg that 'I don’t care, I’ll be dead, and the kids will have to fend for themselves.'"

The book, People vs. Donald Trump: An Inside Account, is on sale now and Raw Story has full coverage here.

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access , or click here to become a subscriber . Thank you.

Click to donate by check .

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}
@2024 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by fontsempire.com.