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Fraud Trump's income is a fraction of what he claims


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In case anyone was wondering why Trump is the only Presidential candidate in over 50 years to absolutely refuse to release his income tax statements (and then lie about the reason why)....

 

Fraud Trump's income is a fraction of what he claims

DailyKos

By Mark Sumner

11/04/2016

Donald Trumps net worth has never been a number strictly centered in reality. It's more of an attitude.

 

"My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feelings, but I try."

 

And as it turns out, the income reported on Donald Trumps financial disclose forms is also a kind of feeling no, an attitude no a fantasy.

 

On the financial disclosure forms that Donald J. Trump has pointed to as proof of his tremendous success, no venture looks more gold-plated than his golf resort in Doral, Fla., where he reported revenues of $50 million in 2014. That figure accounted for the biggest share of what he described as his income for the year.

 

But this summer, a considerably different picture emerged in an austere government hearing room in Miami, where Mr. Trump's company was challenging the resort's property tax bill.

 

Mr. Trump's lawyer handed the magistrate an income and expense statement showing that the gross revenue had indeed been $50 million. But after paying operating costs, the resort had actually lost $2.4 million.

 

Donald Trump claimed $50 million of WIN! But it was actually $2.4 million of LOSE! The financial revenue forms that Trump insists are more important than this taxes aren't just wrong, they're a fraud -- not worth the paper they're printed on.

 

The same may be true of Donald Trump.

 

Throughout his disclosure forms, Trump has conflated "income" with "revenue," giving a wildly distorted picture of what he actually made.

 

The records demonstrate that large portions of those numbers represent cash coming into his businesses before covering costs like mortgage payments, payroll and maintenance. After expenses, some of his businesses make a small fraction of what he reported on his disclosure forms, or actually lose money. In fact, it is virtually impossible to determine from the forms just how much he is earning in any year.

 

Trump insists on giving huge figures meant to dazzle his rally crowds with his fabulous wealth. In fact, every time he gives a number, it seems to be a larger number.

 

In news releases, the Trump campaign said that "Mr. Trump's income" listed in a disclosure form filed last year was $362 million, and was more than $557 million in a form filed this year. During the debate with Mrs. Clinton in September, he mentioned an even larger figure.

 

"It shows income in fact, the income -- I just looked today -- the income is filed at $694 million for this past year, $694 million," Mr. Trump said. "If you would have told me I was going to make that 15 or 20 years ago, I would have been very surprised."

 

He should be surprised. Because he's not making that much. The number isnt reflected on his disclosure forms, and you can be sure it's nothing like what Trump reported on his hidden taxes.

 

As part of that staggering figure, Trump claimed he made $20 million in rentals from his building at 40 Wall Street. But just as with his golf course, that's a gross exaggeration. 40 Wall Street raked in about $3 million in 2015. Which sounds good, except it doesn't cover the more than $5 million it lost year after year since 2008. It's the same on the rest of Trump's form. A property listed as making $5 million, actually brought in $43,000. Ice rinks that Trump reported to be bringing in $13 million

 

Recent figures were not available, but a 2011 city audit showed that for the previous three years, an average of $25,340 a year for both rinks was left after expenses.

 

Donald Trump, big time billionaire, is simply Donald Trump, enormous fraud. Neither his income nor his net worth are anywhere close to what his says.

 

While I was doing research for TrumpNation later on, he said he had $5 billion to $6 billion stashed away, but when I spent the night at his Palm Beach estate, a glossy little pamphlet found its way into my room stating he had amassed $9.5 billion. And on and on and on.

 

Three executives with intimate knowledge of Donalds finances and track record told me at the time that they thought he was worth $150 million to $250 million.

 

Donald Trump has always been a con man. Whether he's bilking investors in Atlantic City or bilking "students" at Trump University, what he's selling is the gold-plated dream of wealth. Now he's bilking America.

 

But all that money is not real. Neither is Trump.

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In other News...

A list of everything Donald Trump runs

that has his name on it

  • Sentient Jets LLC (Now/Known/As Trump Jets LLC)
  • T International Realty LLC (dba Trump International Realty)
  • The Donald J. Trump Foundation, Inc.
  • The Trump Corporation
  • The Trump Follies Member Inc.
  • The Trump Equitable Fifth Avenue Company
  • Trump 106 CPS LLC
  • Trump 55 Wall Corp
  • Trump 767 Management LLC
  • Trump 845 LP LLC
  • Trump 845 UN GP LLC
  • Trump 846 UN MGR Corp
  • Trump 846 UN MGR LLC fka 845 UN LLC
  • Trump AC Casino Marks LLC
  • Trump AC Casino Marks Member Corp
  • Trump Acquisition Corp.
  • Trump Acquisition, LLC
  • Trump Books LLC
  • Trump Books Manager Corp
  • Trump Brazil LLC
  • Trump Briarcliff Manor Development LLC formerly Briar Hall Development LLC
  • Trump Canadian Services Inc
  • Trump Canouan Estate LLC
  • Trump Canouan Estate Member Corp
  • Trump Caribbean LLC
  • Trump Carousel LLC
  • Trump Carousel Member Corp
  • Trump Central Park West Corp
  • Trump Chicago Commercial Member Corp
  • Trump Chicago Commercial Manager LLC
  • Trump Chicago Development LLC
  • Trump Chicago Hotel Member Corp
  • Trump Chicago Hotel Manager LLC
  • Trump Chicago Managing Member LLC
  • Trump Chicago Member LLC
  • Trump Chicago Residential Member Corp
  • Trump Chicago Residential Manager LLC
  • Trump Chicago Retail LLC
  • Trump Chicago Retail Manager LLC
  • Trump Chicago Retail Member Corp
  • Trump Classic Cars LLC
  • Trump Classic Cars Member Corp
  • Trump Commercial Chicago LLC
  • Trump Cozumel Corp
  • Trump Cozumel LLC
  • Trump CPS Corp
  • Trump CPS LLC
  • Trump Delmonico LLC
  • Trump Development Services LLC
  • Trump Development Services Member Corp.
  • Trump Drinks Israel Holdings LLC
  • Trump Drinks Israel Holdings Member Corp
  • Trump Drinks Israel LLC
  • Trump Drinks Israel Member Corp
  • Trump Education ULC
  • Trump Empire State, Inc.
  • Trump Endeavor 12 LLC
  • Trump Endeavor 12 Manager Corp
  • Trump EU Marks Member LLC
  • Trump EU Marks Member Corp
  • The Trump Entrepreneur Initiative LLC (fka Trump University CA LLC)
  • Trump Ferry Point LLC
  • Trump Ferry Point Member Corp
  • Trump Florida Management LLC
  • Trump Florida Manager Corp.
  • The Trump Follies LLC
  • Trump Fort Lee LLC
  • Trump Fort Lee Member Corp
  • Trump Golf Acquisition LLC
  • Trump Golf Coco Beach LLC
  • Trump Golf Coco Beach Member Corp
  • Trump Golf Management LLC
  • Trump Home Marks
  • Trump Home Marks Member Corp
  • Trump Ice LLC
  • Trump Ice Inc
  • Trump Identity LLC
  • Trump Identity Member Corp
  • Trump International Development LLC
  • Trump International Development Member Corp
  • Trump International Golf Club LC
  • Trump International Golf Club Scotland Limited
  • Trump International Golf Club Inc.
  • Trump International Hotel and Tower Condominium
  • Trump International Hotel Hawaii LLC
  • Trump International Hotels Management LLC
  • Trump International Management Corp
  • Trump Kelowna LLC
  • Trump Kelowna Member Corp.
  • Trump Korean Projects LLC
  • Trump Las Olas LLC
  • Trump Las Olas Member Corp
  • Trump Las Vegas Corp.
  • Trump Las Vegas Development LLC
  • Trump Las Vegas Managing Member LLC
  • Trump Las Vegas Managing Member II LLC
  • Trump Las Vegas Marketing and Sales LLC
  • Trump Las Vegas Member LLC
  • Trump Las Vegas Member II LLC
  • Trump Las Vegas Sales & Marketing Inc.
  • Trump International Hotel & Tower Las Vegas Unit Owners Association
  • Trump Lauderdale Development 2 LLC
  • Trump Lauderdale Development LLC
  • Trump Management Inc
  • Trump Marketing LLC
  • Trump Marks Asia Corp
  • Trump Marks Asia LLC
  • Trump Marks Atlanta LLC
  • Trump Marks Atlanta Member Corp
  • Trump Marks Baja Corp
  • Trump Marks Baja LLC
  • Trump Marks Batumi LLC
  • Trump Marks Batumi Member Corp
  • Trump Marks Beverages Corp
  • Trump Marks LLC
  • Trump Marks Canouan Corp
  • Trump Marks Canouan LLC
  • Trump Marks Chicago LLC
  • Trump Marks Chicago Member Corp
  • Trump Marks Cozumel Corp
  • Trump Marks Cozumel LLC
  • Trump Marks Dubai Corp
  • Trump Marks Dubai LLC
  • Trump Marks Egypt Corp
  • Trump Marks Egypt LLC
  • Trump Marks Fine Foods LLC
  • Trump Marks Fine Foods Member Corp
  • Trump Marks Ft. Lauderdale LLC
  • Trump Marks Ft. Lauderdale Member Corp
  • Trump Marks Golf Swing LLC
  • Trump Marks Golf Swing Member Corp
  • Trump Marks GP Corp
  • Trump Marks Holding LP (FKA Trump Marks LP)
  • Trump Marks Hollywood Corp
  • Trump Marks Hollywood LLC
  • Trump Marks Istanbul II Corp.
  • Trump Marks Istanbul II LLC
  • Trump Marks Jersey City Corp.
  • Trump Marks Jersey City LLC
  • Trump Marks Las Vegas Corp
  • Trump Marks Las Vegas LLC
  • Trump Marks LLC
  • Trump Marks Magazine Corp
  • Trump Marks Magazine LLC
  • Trump Marks Mattress LLC
  • Trump Marks Mattress Member Corp.
  • Trump Marks Menswear LLC
  • Trump Marks Menswear Member Corp
  • Trump Marks Mortoaoe Corp.
  • Trump Marks Mtg LLC
  • Trump Marks Mumbai LLC
  • Trump Marks Mumbai Member Corp
  • Trump Marks New Orleans Corp
  • Trump Marks New Orleans LLC
  • Trump Marks New Rochelle Corp.
  • Trump Marks New Rochelle LLC
  • Trump Marks Palm Beach Corp
  • Trump Marks Palm Beach LLC
  • Trump Marks Panama Corp
  • Trump Marks Panama LLC
  • Trump Marks Philadelphia Corp
  • Trump Marks PhiladelPhia LLC
  • Trump Marks Philippines LLC
  • Trump Marks Phil ippine s Corp
  • Trump Marks Products LLC
  • Trump Marks Products Member Corp
  • Trump Marks Puerto Rico I LLC
  • Trump Marks Puerto Rico I Member Corp
  • Trump Marks Puerto Rico II LLC
  • Trump Marks Puerto Rico II Member Corp
  • Trump Marks Punta del Este LLC
  • Trump Marks Punta del Este Manager Corp
  • The Donald J. Trump Company LLC
  • The Trump Marks Real Estate Corp
  • Trump Marks Real Estate LLC
  • Trump Marks SOHO License Corp
  • Trump Marks SOHO LLC
  • Trump Marks South Africa LLC
  • Trump Marks South Africa Member Corp
  • Trump Marks Stamford Corp
  • Trump Marks Stamford LLC
  • Trump Marks Sunny Isles I LLC
  • Trump Marks Sunny Isles I Member Corp.
  • Trump Marks Sunny Isles II LLC
  • Trump Marks Sunny Isles II Member Corp.
  • Trump Marks Tampa Corp
  • Trump Marks Tampa LLC
  • Trump Marks Toronto Corp
  • Trump Marks Toronto LLC
  • Trump Marks Toronto LP (formally Trump Toronto Management LP)
  • Trump Marks Waikiki Corp
  • Trump Marks Waikiki LLC
  • Trump Marks Westchester Corp.
  • Trump Marks Westchester LLC
  • Trump Marks White Plains Corp
  • Trump Marks White Plains LLC
  • Trump Miami Resort Management LLC
  • Trump Miami Resort Management Member Corp
  • Trump National Golf Club Colts Neck LLC
  • Trump National Golf Club Colts Neck Member Corp
  • Trump National Golf Club LLC
  • Trump National Golf Club Member Corp
  • Trump National Golf Club Washington DC LLC
  • Trump National Golf Club Washington DC Member Corp
  • Trump Ocean Manager Inc.
  • Trump Ocean Managing Member LLC
  • Trump Old Post Office LLC
  • Trump On the Ocean LLC
  • Trump Organization LLC
  • The Trump Organization, Inc.
  • Trump Pageants, Inc.
  • Trump Palace Condominium
  • Trump Palace/Parc LLC
  • Trump Panama Condominium Management LLC
  • Trump Panama Condominium Member Corp
  • Trump Panama Hotel Management LLC
  • Trump Panama Hotel Management Member Corp LLC
  • Trump Parc East Condominium
  • Trump Park Avenue Acquisition LLC
  • Trump Park Avenue LLC
  • Trump Payroll Chicago LLC
  • Trump Payroll Corp.
  • Trump Phoenix Development LLC
  • Trump Plaza LLC
  • Trump Plaza Member Inc. fka Trump Plaza Corp.
  • Trump Procida Fort Lee LLC
  • Trump Productions LLC (former Rancho Lien LLC)
  • Trump Production Managing Member Inc
  • Trump Project Management Corp.
  • Trump Properties LLC
  • Trump Realty Services, LLC (fka Trump Mortgage Services LLC (03) & Tower Mortgage Services LLC)
  • Trump Restaurants LLC
  • Trump RHF Corp
  • Trump Riverside Management LLC
  • Trump Ruffin Commercial LLC
  • Trump Ruffin LLC
  • Trump Ruffin Tower I LLC
  • Trump Sales & Leasing Chicago LLC
  • Trump Sales & Leasing Chicago Member Corp
  • Trump Scotland Member Inc
  • Trump Scotsborough Square LLC
  • Trump Scotsborough Square Member Corp.
  • Trump SoHo Hotel Condominium New York
  • Trump Soho Member LLC
  • Trump Toronto Development Inc
  • Trump Toronto Hotel Management Corp.
  • Trump Toronto Member Corp. (formaly Trump Toronto Management Member Corp)
  • Trump Tower Commercial LLC
  • Trump Tower Condominium Residential Section
  • Trump Tower Managing Member Inc
  • Trump Village Construction Corp.
  • Trump Vineyard Estates LLC
  • Trump Vineyard Estates Manager Corp.
  • Trump Vineyard Estates Lot 3 Owner LLC (fka Eric Trump Land Holdings LLC)
  • Trump Virginia Acquisitions LLC (fka Virginia Acquisitions LLC)
  • Trump Virginia Acquisitions Manager Corp
  • Trump Virginia Lot 5 LLC
  • Trump Virginia Lot 5 Manager Corp.
  • Trump Wine Marks LLC
  • Trump Wine Marks Member Corp.
  • Trump World Productions LLC y LLC
  • Trump World Productions Manager Corp
  • Trump World Publications LLC
  • Trump/New World Property Management LLC
  • Trump Castle Management Corp
  • Trump Marks White Plains Corp
  • Trump RHF Corp
  • The Donald J. Trump grantor Trust – DJT is the Trustee Successor – Trustee is Donald J. Trump, Jr.
  • The Donald J. Trump Revocable Trust

 

 

Ha!

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Let Trump divulge his taxes.

 

When he said that he was worth $10 billion, and that half of that was the value of the name "Trump", then he revealed how he thinks. His name is NOT worth $5 billion. Not even the lost jackassical of the resident right wingers would pay more for a hotel room is Trump's name were on the lobby door. And many of us would not stay in his damned hotels or visit has casinos at all, because he is a hateful pussygrabbing, venom-spouting, egomaniac who does not deserve our money.

 

It half the country despises a guy, I do not think that his name is worth any $5 billion.

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