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A few years after the war ended, <nowiki>[</nowiki>] took on a partner... Willie Tomasello. When cash was short, Tomasello was able to provide Trump … - David Cay Johnston
" "A few years after the war ended, <nowiki>[</nowiki>] took on a partner... Willie Tomasello. When cash was short, Tomasello was able to provide Trump with operating capital on short notice. Tomasello also saw to it that there was no trouble from the unions... The New York State Organized Task Force identified Tomasello as an associate of the Genovese and Gambino Mafia families... turned to an organized crime associate as his long time partner... Decades later, Donald Trump would also do business with the heads of the same families, though at a remove, developing numerous business connections with an assortment of criminals, from con artists and a major drug trafficker to the heads of the two largest Mafia families in New York City...
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About David Cay Johnston
(born December 24, 1948) is an American investigative journalist and author specializing in economics and tax issues. He won the 2001 , and from 2009 to 2016 he was a Distinguished Visiting Lecturer at Syracuse University, Martin J. Whitman School of Management and College of Law, teaching tax, property, and regulatory law of the ancient world. From 2011 to 2012 he was a columnist for , writing, and producing video commentaries on worldwide issues of tax, accounting, economics, public finance and business. In recent years he has also written for and , and is the board president of , Inc. (IRE).
Also Known As
Birth Name:
David Cay Boyle Johnston
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DC Report
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One of the stories that I tell in Free Lunch when I talk about the hedge fund business in the United States and the hedge fund managers who pay taxes at the same rate as janitors... a 15% tax rate on their incomes... The average hedge fund manager in 2006, remember the hedge fund managers keep telling us that if you raise our taxes the whole economy be negatively affected, said that it was not fair to have them pay more than a 15% rate. Of course, school teachers and reporters pay 25% or 31%. Well-to-do Americans pay 35% and... the top hedge fund manager's average income was only $11 million... a week! But they can't afford the taxes.
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At the same time that the rules have been rewritten to favor the already rich, new rules have been written that ensure harsh treatment for the poor... Coping with the foul effects of poverty costs us trillions of dollars a year... Poverty wastes minds and spirits, robbing all of us of opportunity. ...It makes us less trusting, less willing to see ourselves as one people...
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