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Mon Feb 22, 2021, 04:52 PM

Trump reported making more than $1.6 billion while president

Donald Trump reported making more than $1.6 billion in outside revenue and income during his four years as President of the United States, according to a review of his financial disclosures by CREW. While Trump publicly took credit for donating his taxpayer-funded salary, that ended up being less than 0.1% of the revenue and income he disclosed during his presidency. Far from being a sacrifice, the donation was merely a fig leaf to cover up four years of brazen corruption.

Despite seeing a major dropoff in hospitality related revenue in 2020 due to the pandemic, in total Trump disclosed at least $1,613,583,013 in revenue from the Trump Organization and other outside income. Trump disclosed a high end of $1,790,614,202, but it is impossible to know exactly how much he pocketed as president, as some of his assets list a vague “Over $5,000,000” in yearly income and because of the structure of Trump Organization businesses, reported revenue does not necessarily reflect his personal income from them. One of the reports also included 19 days of revenue and income before Trump assumed the presidency.

A major part of his Trump Organization revenue came from the marquee properties that he often visited during his presidency. The Trump Hotel in DC, his now “home” Mar-a-Lago and his golf courses Doral, Bedminister and Trump National Washington brought in a combined $620,709,659 over the last four years. He paid a combined 399 visits to these properties as president. With the pandemic shuttering hotels and golf courses, the Trump Hotel dropped from $40 million a year in revenue to $15 million from 2020 through the end of Trump’s presidency and Doral, which saw regular revenue in the mid-$70 millions, only tallied $44 million. Mar-a-Lago, however, saw a slight uptick to $24 million, as the president continued to visit during the pandemic. The Virginia-based Trump National Washington, which the president spent many weekends at during the pandemic, did not see a dropoff from the previous three years.

https://www.citizensforethics.org/reports-investigations/crew-investigations/trump-reported-making-more-than-1-6-billion-while-president/

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Arrow 23 replies Author Time Post
Reply Trump reported making more than $1.6 billion while president (Original post)
Poiuyt Feb 22 OP
Aristus Feb 22 #1
Hugh_Lebowski Feb 22 #7
leftieNanner Feb 22 #9
drray23 Feb 22 #2
live love laugh Feb 22 #3
theneworiginal Feb 22 #12
dweller Feb 22 #4
Kid Berwyn Feb 22 #5
mahatmakanejeeves Feb 22 #6
ok_cpu Feb 22 #8
Hoyt Feb 22 #10
Scruffy1 Feb 23 #22
mikeysnot Feb 22 #11
dalton99a Feb 22 #13
JI7 Feb 22 #14
jmowreader Feb 23 #20
ProfessorGAC Feb 22 #15
Faux pas Feb 22 #16
Thekaspervote Feb 22 #17
FakeNoose Feb 22 #18
Harker Feb 23 #19
C Moon Feb 23 #21
RANDYWILDMAN Feb 23 #23

Response to Poiuyt (Original post)

Mon Feb 22, 2021, 04:54 PM

1. That sounds an awful lot like a violation of the emoluments clause of the Constitution.

Anybody on this?...

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Response to Aristus (Reply #1)

Mon Feb 22, 2021, 04:59 PM

7. IOKIYAR is the established legal doctrine/precedence on any such matters (nt)

This is the DU member formerly known as mr_lebowski.

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Response to Aristus (Reply #1)

Mon Feb 22, 2021, 05:02 PM

9. It "was" an issue

But SCOTUS turned the case away since Donnie is no longer POTUS. So they decided it was moot, I guess.

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 04:56 PM

2. running for president was his best grift ever.

This is why I am pretty sure he is going to run in 2024 even if he does not win. He is going to start running soon, maybe announcing it at CPAC. This will allow him to form a committee ,accept donations and pump up his other revenue streams.

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 04:57 PM

3. STEALING not "making" ...

Honest people make money.

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Response to live love laugh (Reply #3)

Mon Feb 22, 2021, 05:14 PM

12. How about "Stop the Steal, Part Deux?"

works for me.

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 04:57 PM

4. Paid $750.00 in taxes

😐

✌🏻

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 04:58 PM

5. Dumpy paid all of $1,500 in taxes, too!

Not a penny more, FWIR.

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 04:58 PM

6. What were his expenses?

Also, was this Donald J. Trump, the individual, or the Trump Organization?

Full disclosure: I am not an accountant.

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 05:00 PM

8. Exactly as the Framers and Strict Construcrionists intended

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 05:11 PM

10. Revenue, not profits. Plenty of bankrupt organizations have billions in revenue.

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Response to Hoyt (Reply #10)

Tue Feb 23, 2021, 01:59 PM

22. Exactly.

it seems to be an internet thing where gross revenue is called "making". I think it started as click bait, but has almost become the norm. The only way to know what's really going on is to see the balance sheet and tax forms. Even these can be hard to parse in the real estate business due to some pretty crazy rules on depreciation.

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 05:11 PM

11. So the taxpayers paid for his tax write off

Now name the charity or charities..

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 05:16 PM

13. Helluva 'sacrifice'

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 05:20 PM

14. How much is he making from things like charging secret service ?

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Response to JI7 (Reply #14)

Tue Feb 23, 2021, 12:17 PM

20. About a third of that came from the Secret Service

Among his greatest hits, he forced the Secret Service to rent a whole floor of Trump Tower.

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 05:25 PM

15. I Don't Believe It

There's a difference between corporate revenue & what they made.
With the debt load he has, $400 million a year isn't that much. I think a reasonable estimate of debt service is $320 million per year. Just the interest.
I can't believe he actually benefitted by anything close to that amount.
Still wrong that it happened, but he didn't make $1.6 billion. Neither did his hyperleveraged company.

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 06:05 PM

16. Kickin' with disgust!

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 07:12 PM

17. So he may very well have money to meet his up coming bank loans and reported debts?

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Response to Poiuyt (Original post)

Mon Feb 22, 2021, 07:39 PM

18. Wow, here's his 2021 Financial Disclosure Report (OGE Form 278e)

https://www.citizensforethics.org/wp-content/uploads/2021/01/Trump-Donald-J.-2021Termination-278.pdf

This is a 79-page PDF document. It's dated Jan. 15, 2021 and it's signed by Chump. It looks legit, but I'm not an accountant so I'm not so familiar with these forms. It's available from CREW and I found it by clicking through on the OP link.


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Response to Poiuyt (Original post)

Tue Feb 23, 2021, 11:19 AM

19. I'd like for Trumpsky to experience a dropoff

at his tower.

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Response to Poiuyt (Original post)

Tue Feb 23, 2021, 01:50 PM

21. So much for the Trumpsters who say, "He didn't take a salary while he was in the WH."

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Response to Poiuyt (Original post)

Tue Feb 23, 2021, 02:07 PM

23. Great job for a Blind Trust wink wink



such a dark period in american history

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