“In 2018, for example, Mr. Trump announced in his disclosure that he had made at least $434.9 million. The tax records deliver a very different portrait of his bottom line: $47.4 million in losses.” nytimes.com/interactive/20…
“At Mar-a-Lago... new members starting in 2015 allowed him to pocket an additional $5 million a year... At his Doral golf resort... manufacturer GAF spent at least $1.5 million in 2018 even as its industry was lobbying the Trump administration to roll back... regulations.”
In other words, the tax documents show the president bringing in significant profits related to his position, while still reporting enormous losses.
And it is worth giving a careful read to the response by a lawyer for the a Trump Organization. The NYT makes a case that it doesn’t deny things quite so much as change the subject.
Here, the NYT explores a financial connection to Russia: a Moscow beauty pageant. A Russian family invested and lost millions in the event while Trump, unlike with other pageants, collected millions.
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