air-condition lot of wealthy clients do this. but stretching these tax products so far as that some of the trumps transactions seem to do, that s really pushing illegality. especially when it s talking about these valuations and the use of the all-county building supply company. so essentially if you re making low-income people, if you re getting them to pay more in rent than legally they would have to under new york rent control or rent regulation laws, that seems certainly unethical. absolutely. and think about this. that transaction, it was like a two-fer. they got to increase the rent in their apartments and meanwhile, they re shifting income out of fred senior s estate over to the children without a gift or an estate tax. and the income tax rate was lower then. so it was a win-win for them. but definitely unethical. michael, does the portrait the president depicted of the president that s depicted here in the new york times, does it fit with what you know of him, as som
his taxes during a january gop debate. the most extensive disclosure that i made was the financial disclosure requirements under the law. i pay all the taxes legally required and not a dollar more. his definition of success seems to be you never break the letter of the law, but you also never honor it, either. you honor it in so far as you comply with it. anything illegal. no one s implying that, but do you get the impression that this is a man who following it to the letter, but not in spirit? yes, that s the whole reason that offshore accounts exist, strange tax products exist, precisely for that reason. i think he gets to this question of we re going to talk about this on my show this weekend. how dare you promote your own broadcast on mine. what s really interesting to me, that idea stating the norm,