President Donald Trump’s tax returns information are a long-awaited one but this does not give us anywhere near a complete picture of his finances, his net-worth, or, most importantly, who he’s indebted to. However, it’s a great start.
President Trump’s latest financial disclosure form has been posted by the U.S. Office of Government Ethics to its online drop box today. The 98-page document reveals shocking information about Trump’s property, particularly those about Mar-A-Lago, the President’s exclusive Palm Beach, Florida Country Club and frequent winter residence.
The form reveals that the club received $37.2 million in 2016, which is quite a lot more than $7.4 million earned in 2015. This shows that the Trump’s club saw $29.8 million in income. It’s interesting to see that there’s incredible upsurge in profits in just one year.
The rise in profits makes sense when we recall that Donald Trump was running for President for all of 2016. In 2015, for the first 5 months of the year, he wasn’t. While his income in 2014 makes an important point. Mar-A-Lago could only generate $15.6 million in income, about half of 2015’s total.
Certainly, running for President was good for business for the Trump Organization and the Trump family. Several people joined the rich club in 2015 and 2016 to be in the company of a Presidential candidate.
Now it’s reasonable to believe that at least some of those members spent more than the $100,000 membership fees to curry favor with a potential Commander in Chief.
More highlights from the 2016 financial disclosure report released today include:
$19.7 million from golf-related revenue at his golf club in Bedminster, New Jersey, where your tax dollars will be spent frequently this summer to pay for Trump’s weekend golf outings.
$20.1 million from revenue at his golf club in Jupiter, Florida.
$14.4 million from golf-related revenue from his Turnberry, Scotland golf course and resort.
$115.9 million earned from his golf course and resort, Trump National Doral Golf Club, in Miami, Florida.