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| © Provided by The Hill |
By Jordan Fabian, The Hill
President Trump on Wednesday accused The New York Times of writing a "hit piece" against him for publishing a bombshell report about "dubious" tax practices he used in the 1990s.
In a tweet, Trump called the story an "old, boring and often told hit piece on me" but stopped short of denying its claims.
"The Failing New York Times did something I have never seen done before. They used the concept of 'time value of money' in doing a very old, boring and often told hit piece on me. Added up, this means that 97% of their stories on me are bad. Never recovered from bad election call!" he wrote.
The Times' report details a litany of suspicious tax practices used by Trump and his family members, including the establishment of a "sham" corporation to disguise taxable gifts from their parents and undervaluing many Trump's father's properties to avoid tax payments.
The practices allowed Trump and his siblings to gain more than $1 billion from their parents while paying a fraction of what they should have owed in gift and estate taxes, according to the Times
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