Business overview

From RAGEPATH Wiki
Revision as of 22:44, 23 March 2017 by Geoff (talk | contribs)

Jump to: navigation, search
Trump's Self Reported Assets By Minimum Value
Golf Clubs
$500.1 million - 34%
Commercial Real Estate
$465.5 million - 32%
Hotels
$101 million - 7%
Residential Real Estate
$92 million - 6%
Resorts
$75 million - 5%
Companies
$62.35 million - 4%
Aircraft
$58 million - 4%
Other Real Estate
$52.1 million - 4%
Other Assets
$63.08 million - 4%
Trump had a minimum net worth of $1.47 billion in July of 2016, according to his own financial disclosure forms. Trump issued a public statement claiming his net worth was "ten billion dollars" shortly after filing his 2015 financial disclosure. It should be noted that there are significant credibility problems with both of Trump's financial disclosure statements. Federal disclosure forms require the value and income of assets to be reported in broad ranges rather than exact amounts. Federal officials rely on the candidate to be truthful and do not independently assess the accuracy of the disclosure reports. Trump has sought to lower the property taxes of many of his properties by arguing their actual values were far lower than the values he reported on his financial disclosure.[1] In many instances, Trump appears to have reported the gross revenue of certain business interests rather than the personal income that he received through them.[2]
  1. ↑ Washington Post, August 21, 2016
    “
    For eight of the 10 courses on which he pays taxes, Trump reported in his May filing to the Federal Election Commission that the courses were worth tens of millions of dollars even as his attorneys have pressed local tax officials to value the properties at a fraction of those amounts.
    ”
  2. ↑ New York Times, November 3, 2016
    “
    After expenses, some of his businesses make a small fraction of what he reported on his disclosure forms, or actually lose money. [...] Mr. Trump appears to have used a provision in federal ethics laws that allows business owners to list gross revenue, as opposed to net income after expenses, on their disclosure forms.
    ”
Retrieved from "https://wiki.ragepath.org/index.php?title=Business_overview&oldid=140"