Trump earns $1.6 billion as president

[Firestarter]

While Trump promised that he wouldn't be paid as US president, it sure looks as if he profited handsomely from "pay-to-play" schemes.

Trump disclosed between $1,613,583,013 and $1,790,614,202 in revenue from the Trump Organization and other outside income during his 4 years as US president: https://www.citizensforethics.org/wp-content/uploads/2021/01/Trump-Donald-J.-2021Termination-278.pdf

Foreigners looking for a good deal from the US government were more than happy to pay the exorbitant Trump prices, hoping that they would make more from wheeling and dealing with the Donald.

A large portion of the revenue came from his famous properties where lying Donald was often seen during his presidency — Mar-a-Lago, The Trump International Hotel in Washington, and his golf course at Doral in Florida, Bedminster in New Jersey, and Trump National in Virginia.

President Donald even directed government to spend taxpayer's money at his properties over and over again. Trump insisted doing government business at Mar-a-Lago, and even directed VP Mike Pence to stay at Doonbeg when he had meetings on the other side of Ireland.
To top it all, Donald attempted to host the G-7 Conference at his struggling Trump National Doral property.

So now that being president has finally made media personality Trump a genuine billionaire, some question if he will continue to be rewarded for being such a good little boy for his handlers: https://www.citizensforethics.org/r...making-more-than-1-6-billion-while-president/

 

[Krugminator2]

That number is revenue not income.

Like him or hate him being President has likely done irreparable harm to Trump financially. It has not helped him. He is likely in serious trouble right now. It is beyond ridiculous.

I imagine anyone who writes that Trump benefited financially from being president looks something like this.

 

[enhanced_deficit]

While Trump promised that he wouldn't be paid as US president, it sure looks as if he profited handsomely from "pay-to-play" schemes.

Trump disclosed between $1,613,583,013 and $1,790,614,202 in revenue from the Trump Organization and other outside income during his 4 years as US president: https://www.citizensforethics.org/wp-content/uploads/2021/01/Trump-Donald-J.-2021Termination-278.pdf

Foreigners looking for a good deal from the US government were more than happy to pay the exorbitant Trump prices, hoping that they would make more from wheeling and dealing with the Donald.

A large portion of the revenue came from his famous properties where lying Donald was often seen during his presidency — Mar-a-Lago, The Trump International Hotel in Washington, and his golf course at Doral in Florida, Bedminster in New Jersey, and Trump National in Virginia.

...

Since everyone scratches everyone's back within swamp, is it fair to single out the first 'drain the swamp' anti-nepotism leader?
As long as lines between personal and gummit biz were not blurred, should be fine.


Ivanka Trump Used Personal Email For Government Business


Trump kids' ski vacation incurs over $300,000 in security costs
cbsnews.com
Sep 29, 2017 — Trump kids' ski vacation incurs over $300,000 in security costs ... Jared Kushner, left taxpayers on the hook for security costs of at least $330,000, CBS ... Pictures posted on Instagram show Ivanka Trump and her husband, Jared ... Sasha on ski trips to Aspen during President Obama's eight years in office.

Ivanka Trump's Caribbean Getaway Cost Taxpayers $58,000
Dec 13, 2018 — Taxpayers Spent $58,000 On Security For Ivanka Trump's Caribbean ...

Ivanka Trump’s car rentals help push the administration’s Davos travel costs past $4 million
Justin Rohrlich
Quartz January 21, 2020

Trump extended Secret Service protection to his adult children, three top officials as he left office
Jan. 20, 2021
WASHINGTON - In the days before he left office, President Donald Trump instructed that his family get the best security available in the world for the next six months at no cost to them - the protection of the U.S. Secret Service.
The perk for the Trump family is expected to cost taxpayers millions of dollars and further stress the elite federal security force, which in the past four years had to staff the largest number ever of full-time security details - up to 42 at one point, according to former senior administration officials.

 

[Firestarter]

I imagine anyone who writes that Trump benefited financially from being president looks something like this.

Please amuse me and share with us which second language you "smart" troll know better than I do English?!?


While you're at it maybe you can figure out what tax rate poor Donald paid in 2016 and 2017?

In 10 of the previous 15 years, “billionaire” Trump paid no (0) income taxes, and in 2016 and 2017 Trump paid only a combined $1500).

NYT-hit-piece-suggests-GOP-2016-candidate-Adelson-funded-was-not-very-rich#post6982540

 

[dannno]

Please amuse me and share with us which second language you "smart" troll know better than I do English?!?


While you're at it maybe you can figure out what tax rate poor Donald paid in 2016 and 2017?

NYT-hit-piece-suggests-GOP-2016-candidate-Adelson-funded-was-not-very-rich#post6982540

You just lost all credibility as you have shown you have no idea what the fuck you are talking about.

When you have a lot of assets, businesses, investements, etc, and you are able to lower your personal expenses due to being able to write much of them off as business expenses, there is no reason to pay yourself a large salary just to pay taxes on it.. typically you would re-invest that revenue into your business as that is your primary investment.

Trump's businesses paid plenty of taxes, the revenue of his businesses are normal, and actually much lower due to his sacrifice to become President.

He pays little in income taxes because he doesn't require a large income.. he already owns pretty much everything he needs, he can also sell off investments to pay for things, and much of what he buys can be considered a business expense.

 

[Firestarter]

When you have a lot of assets, businesses, investements, etc, and you are able to lower your personal expenses due to being able to write much of them off as business expenses, there is no reason to pay yourself a large salary just to pay taxes on it.. typically you would re-invest that revenue into your business as that is your primary investment.

Trump's businesses paid plenty of taxes, the revenue of his businesses are normal, and actually much lower due to his sacrifice to become President.

He pays little in income taxes because he doesn't require a large income.. he already owns pretty much everything he needs, he can also sell off investments to pay for things, and much of what he buys can be considered a business expense.

You must be so proud of that post that you've once again copy-pasted it from somewhere else. May I suggest that the next time you copy it, you correct "investements"?!?
Maybe you forgot to notice that this isn't relevant to the question I asked, let alone this thread?!?



I can imagine that Trumptards find a MAGA-bootlicker more credible than a simple guy like me...

You just lost all credibility as you have shown you have no idea what the fuck you are talking about.

 

[TheCount]

That number is revenue not income.

Like him or hate him being President has likely done irreparable harm to Trump financially. It has not helped him. He is likely in serious trouble right now. It is beyond ridiculous.

I imagine anyone who writes that Trump benefited financially from being president looks something like this.

Trump's brand is the only asset that he owns. Everything else he "has" is heavily leveraged with multiple overlapping loans from lenders of various levels of unscrupulousness.


It's not implausible to say that the value of the Trump brand has grown far more than anything else of "his" has lost value or revenue.


(Of course, Trump would never say that out loud, because he has to simultaneously overvalue and devalue his brand in order to get loans and dodge taxes. It'll be reflected in his loan applications this year though.)

 

[Firestarter]

According to Forbes' Dan Alexander and Matt Drange, Trump takes at least $175 million from commercial tenants, including the state-owned Industrial & Commercial Bank of China.
Forbes noted that at least three dozen Trump tenants have "meaningful relationships with the federal government, from contractors to lobbying firms to regulatory targets".
We don’t know all of the companies because according to federal disclosure laws Trump isn’t required to tell where his businesses get their money.

Foreign governments have been trying to get on president Donald's good side, they've "donated public land, approved permits and eased environmental regulations for Trump-branded developments, creating a slew of potential conflicts as foreign leaders make investments that can be seen as gifts or attempts to gain access to the American president through his sprawling business empire".
The Chinese government has granted Trump at least 39 trademarks since he took office on top of the at least 7 for Donald´s daughter Ivanka Kushner.

Another way to “lobby” president Trump is to buy real estate from the Trump Organization. In 2017, Trump's companies sold more than $35 million in real estate.
In the year after he got the GOP presidential nomination in 2016, "70% of buyers of Trump properties were limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners' names. That compares with about 4% of buyers in the two years before".
Some argue that this is suspicious because limited liability companies are especially founded to obscure buyers' identities.

Donald Trump spent one third of his first year in office visiting his own properties (all expenses paid of course). On top of that more than 100 executive branch officials and members of Congress visited Trump properties in 2017 alone.
At least 40 special interest groups held events at Trump properties and 11 foreign government's paid Trump businesses. The Kuwaiti Embassy, for example, held a National Day celebration at Trump's Washington hotel in 2017 and 2018.
Shortly after Trump was elected in 2016, an Asian diplomat explained:

Why wouldn't I stay at his hotel blocks from the White House, so I can tell the new president, 'I love your new hotel!' Isn't it rude to come to his city and say, 'I am staying at your competitor?'

https://www.usnews.com/opinion/arti...ing-from-the-presidency-let-us-count-the-ways
(http://web.archive.org/web/20190420231028/https://www.usnews.com/opinion/articles/2018-03-05/how-is-donald-trump-profiting-from-the-presidency-let-us-count-the-ways)

 

[dannno]

You must be so proud of that post that you've once again copy-pasted it from somewhere else. May I suggest that the next time you copy it, you correct "investements"?!?
Maybe you forgot to notice that this isn't relevant to the question I asked, let alone this thread?!?



I can imagine that Trumptards find a MAGA-bootlicker more credible than a simple guy like me...

I didn't copy or paste any of that. I made a similar post yesterday to one of ed's ridiculous posts, he doesn't seem to understand the difference between working for income or owning a business, either.

 

[ClaytonB]

I'm assuming that Trump is the wealthiest US individual to serve as US President to date, but he's not the first wealthy individual to serve as US President. So there are precedents for all of this stuff. Ethics reviews, legal reviews, etc. It's impossible for someone in Trump's position to not benefit in any way from being POTUS -- he has long been in the business of monetizing his fame. Becoming POTUS made his already famous name more or less a household word not only in the US but in many foreign countries. So, ethical accusations that begin with the premise that Trump should somehow magically not have benefited financially in any way, shape or form from being POTUS are absurd.

All in all, I think that Trump "didn't need to do this", so I think the jibber-jabber among the DC talking-heads about how Trump was going to steal the White House curtains on the way out the door is pure 100% projection. A million dollars is a lot of money to a DC-Swamp-Inc millionaire, and so these psychopathic Swamp-creatures will go to great lengths and take great risks to obtain an extra million dollars. A million dollars is not a lot of money to a billionaire. He "didn't need to do this". Trump wasn't plotting on taking the White House curtains with him when he left office...

 

[donnay]

He took no salary as a President, and financed a good chuck of his campaign. How many other Presidents waived their salaries. Not to mention, Mitt Romney's net worth is $250 million, why doesn't he waive his senator's salary?

How about Pelosi? $160 million

Just another little thing; Obama's went into the White House virtually a non-millionaire--after he left office, he bought a $4 million house in DC and a $16 million house on the Cape. So how do you suppose he got all that money in 8 years?

 

[Invisible Man]

You must be so proud of that post that you've once again copy-pasted it from somewhere else. May I suggest that the next time you copy it, you correct "investements"?!?
Maybe you forgot to notice that this isn't relevant to the question I asked, let alone this thread?!?



I can imagine that Trumptards find a MAGA-bootlicker more credible than a simple guy like me...

+rep

 

[dannno]

+rep

You literally just +repd a guy who copies and pastes his posts, complaining about somebody who he claims copy and pasted a post, who did not. Good job.

 

[phill4paul]

How about this....

I DON'T GIVE A FUCK.

 

[TheCount]

+rep

+rep

 

[kahless]

That number is revenue not income.

Like him or hate him being President has likely done irreparable harm to Trump financially. It has not helped him. He is likely in serious trouble right now. It is beyond ridiculous.

His Presidency will be the marketing gift that keeps giving financially for the rest of his life time. If he has businesses that are hurting it is due to COVID which he brought on himself by not having a backbone in keeping the country open.

50% of the country supported him and like all Presidents he is beloved around the world. It is only the other half and far left that have a problem. Some areas effected while others gain, gains specifically because he was President.

If you can't see that then you have brought into a false narrative hook line and sinker.

I imagine anyone who writes that Trump benefited financially from being president looks something like this.

^This was beneath you.

How about this....

I DON'T GIVE A FUCK.

Exactly and time to move on and unite to stop whatever legislation is coming. Focusing on Trump is just one of many look over here and keep busy over here, instead of being a united in opposition to legislation.

 

[oyarde]

How about this....

I DON'T GIVE A FUCK.

Pretty much . If trumps vacation properties made 2 billion while he was president I dont see the effect of that having anything to do with me . It isnt taking money or freedom from me . There is though an entire dem majority in the House right now that intends those things .

 

[GlennwaldSnowdenAssanged]

He took no salary as a President, and financed a good chuck of his campaign. How many other Presidents waived their salaries. Not to mention, Mitt Romney's net worth is $250 million, why doesn't he waive his senator's salary?

How about Pelosi? $160 million

Just another little thing; Obama's went into the White House virtually a non-millionaire--after he left office, he bought a $4 million house in DC and a $16 million house on the Cape. So how do you suppose he got all that money in 8 years?

I could be wrong but I think you are wrong. I think he took a salary and donated it to charity. There is a difference.

 

[donnay]

I could be wrong but I think you are wrong. I think he took a salary and donated it to charity. There is a difference.

President-elect Donald Trump has announced he will give up his presidential salary of $400,000 (£319,500) and take just $1 a year.

https://www.bbc.com/news/election-us-2016-37977433

While Selflessly Donating His $400,000 Annual Salary Over Four Years to Various Charities – President Trump Lost $2 Billion in Wealth Saving the Country
https://www.thegatewaypundit.com/20...umps-net-worth-cut-half-decreasing-2-billion/

 

[GlennwaldSnowdenAssanged]

https://www.bbc.com/news/election-us-2016-37977433

While Selflessly Donating His $400,000 Annual Salary Over Four Years to Various Charities – President Trump Lost $2 Billion in Wealth Saving the Country
https://www.thegatewaypundit.com/20...umps-net-worth-cut-half-decreasing-2-billion/

Which one was it? Did he take a salary and donate it to charity or did he refuse his salary and take only $1?