Trump financial form shows revenue up at Mar-a-Lago

Posted June 17, 2017

Trump listed at least $315 million in liabilities, about the same as in a report he filed a year ago. The financial disclosure form shows how Trump left 555 corporate posts in the lead up to his inauguration. The club has doubled its membership fee in the past year.

President Trump reported an income of Dollars 288 million from his golf courses alone in the past year, including USD 19.8 million from his club in Bedminster, New Jersey.

The new filing shows that Trump had at least $310 million in liabilities spread across 16 loans, majority mortgages, an amount similar to what he reported in his prior financial disclosure.

Trump's luxury hotel near the White House, which held its grand opening in October, reported $19.6 million in hotel-related income.

The 98-page report was filed with the Office of Government Ethics, and breaks down Trump's sources of income and hundreds of assets, from real estate to airline companies.

Richard Painter, who served as an ethics lawyer under President George W. Bush, told ABC News that the form shows Trump "still owns most of his business empire".

His golf club in Bedminster, New Jersey, on the other hand, produced nearly $20 million in revenue, about what it had during the previous reporting period.

Overall, Trump reported liabilities of at least $311 million in mortgages and loans.

The tweet followed the news on Thursday that Vice President Pence had retained an outside attorney to help with navigate the law enforcement and congressional probes of Russian election meddling. The financial disclosure indicates that royalties for the book ranged between $100,000 and $1,000,000.

In the filing, Trump reported at least $6,255,600 in other assets and income, which includes real estate and growth funds for Barron, checking and savings accounts, stocks, and more. The hotel is the subject of lawsuits that charge that the hotel, among other business interests is a violation of the emoluments clause, which is meant to prevent foreign governments from influencing government officials with improper presents or payments.

However, the headline at this point is that the President has not released details about his tax returns for the period starting January 2016 in the financial disclosure. He has not, as of yet, released his tax returns. Instead, he transferred day-to-day management of most of the companies to his sons Eric and Donald Jr., who pledged they'd keep work and the White House separate.