Article snippet: The New York Times reported Tuesday. The newspaper reported that Trump and his siblings set up a "sham" corporation to help disguise otherwise taxable income that came from gifts from their parents. Trump's parents left more than $1 billion to their children, which would have resulted in a roughly $550 million tax bill at the time, the Times reported. However, the Trumps paid a total of $52.2 million on that source of income. The newspaper cited records that showed Trump helped undervalue his father's real estate holdings, which led to a lower tax bill when he and his siblings inherited the properties. The Internal Revenue Service (IRS) reportedly provided little pushback against the Trumps' tactics. In total, The New York Times found that Trump received the equivalent of at least $413 million from his father's real estate empire. The newspaper wrote that Trump's behavior amounted to fraud in some cases. Trump declined to comment to the Times for the story. Hours later, the White House issued a statement slamming the Times and calling for an apology, without refuting the details in the story. “Fred Trump has been gone for nearly twenty years and it’s sad to witness this misleading attack against the Trump family by the failing New York Times," White House press secretary Sarah Huckabee Sanders said. "Many decades ago the IRS reviewed and signed off on these transactions. The New York Times’ and other media outlets‘ credibility with the American people is at an al... Link to the full article to read more