Firestarter wrote: ↑Tue Feb 23, 2021 4:09 pm
While Trump promised that he wouldn't be paid as US president, it sure looks as if he profited handsomely from "pay-to-play" schemes.
Trump disclosed between $1,613,583,013 and $1,790,614,202 in revenue from the Trump Organization and other outside income during his 4 years as US president: https://www.citizensforethics.org/wp-co ... on-278.pdf
According to the following, President Donald had a much higher revenue in the first 3 years of his presidency.
So if the "reputable" Forbes is right, lying Donald once again wasn't honest, when he disclosed only a maximum of $1,790,614,202 in revenue (or maybe Citizensforethics didn't analyse Donald's disclosure properly?).
From 2017 to 2019, the Donald’s businesses raked in an "estimated $1.9 billion of revenue", resulting in $470 million in profits for lying Donald.
Trump’s commercial real estate assets converted something like 50% of their revenue into profit, generating an estimated $313 million of income to President Donald from 2017 to 2019.
This means that they were far more lucrative than the golf courses and clubs, with modest-margins: https://www.forbes.com/sites/danalexand ... in-office/
I'm afraid that the following isn't good enough for Trump fans, but as I'm no expert at taxes (especially outside of the Netherlands), this is the best I could do on such short notice; a simple calculation (estimate) of Trump's tax rate in 2016 and 2017...
If we multiply $470 million in profits with 2/3, this means that Donald had an income of about $313 million in total in 2016 and 2017, in which years he paid a total of $1500 in taxes. This means that "billionaire" Donald Trump had an effective tax rate of 0.0005% for those 2 years
I guess that many people (probably excluding the money laundering billionaires that at the same time call for "progressive" tax rates) would settle for such a tax rate!
In September 2020, Business Insider reported that Donald's campaign was in deep trouble, insinuating that poor Trump was looting the $1 billion in campaign donations.
From this $1 billion a whopping 40% ($400 million) was spent inside his campaign. It isn't clear why so much was spent inside his campaign.
For most of the time Donald was president, Brad Parscale was his campaign manager. Parscale used several limited liability corporations (LLCs), into which massive amounts of money was funneled.
Because nothing below a prime vendor is publicly reportable, once it came into Parscale's bank account, the money could've be spent on anything and anyone (even hush money for Playboy models?): https://www.businessinsider.nl/donald-t ... p-trouble/
Isn't peculiar that the same "reputable" Forbes that has reported that Donald's wealth decreased during his years as president, is also reporting that during the first 3 years of his presidency Donald made a profit of $470 million in a blatant example of self-enrichment?
The following not very flattering article insinuates that Donald used campaign donations for personal profit. If this is true, we can be sure that Trump will run again for president in 2024, even if his campaign is incidental to the fundraising!
One of the campaign's joint-fundraising committees, also moved an estimated $4.3 million of donor money into Trump's private business.
Even after lying Donald had lost the election to sleepy Joe, he continued to pay campaign money to the Trump Organization.
The postelection payments from the campaign and its joint-fundraising committee to Donald are at least $413,000.
On November 5, the joint-fundraising committee paid $11,000 to Trump’s hotel empire. A week later, when even "Trump media" Fox News had already declared Biden the winner, the same committee paid another $294,000 to Trump’s hotel business.
On November 20, one of Trump’s joint-fundraising committees paid $20,000 to his hotel outfit. Less than a week later, the campaign paid another $3,000 in rent to Trump Restaurants LLC.
On 1 December, the campaign paid $38,000 in "rent " to Trump Tower Commercial LLC.
On 16 December, the campaign paid another $3,000 to Trump Restaurants LLC and $38,000 more to Trump Tower Commercial LLC.
On November 19, the campaign paid $31,000 for air travel to a company named DT Endeavor LLC, followed by another $39,000 5 days later from the joint-fundraising committee.
Forbes clearly suspects foul play here but is not 100% certain that Donald owns DT Endeavor LLC: https://www.forbes.com/sites/danalexand ... -election/
Donald's tax exemption for Brazil from which his buddy Carl Icahn, ArcelorMittal and Donald's handler Wilbur Ross profited, was reportedly cooked up at Trump's Mar-a-Lago club.
The event was supposedly set up by the Brazilian Bolsonaro crony Mário Garnero, who proposed Brazilian president Jair Bolsonaro's visit to the Mar-a-Lago.
Garnero, through a mutual friend, passed the letter on to Mar-a-Lago member Richard Bernstein.
See from left to right: Alvaro Garnero, Vice President Mike Pence, President Donald Trump and Fabio Wajngarten at the Mar-a-Lago.
Garnero has been pictured with Pope Benedict, George H.W. Bush, Bill Clinton and counts Sen. Robert Kennedy, President Ronald Reagan and Rainier III prince of Monaco among his personal friends.
Mário and his son Alvaro Garnero both attended the summit between the presidents of the USA and Brazil.
Bolsonaro press secretary Fabio Wajngarten who was also at this Mar-a-Lago event later tested positive for the infamous coronavirus.
Jair's son, Eduardo Bolsonaro, has visited the Mar-a-Lago several times to mingle with top Trump administration officials and allies.
See in the back row Eduardo Bolsonaro (Jair's son) who stands left from Ivanka and Jared Kushner.
In the front row President Jair Bolsonaro is seated left from President Donald Trump.
Firestarter wrote:Brazil, Argentina, Australia, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products.
This means that the Ferrous Resources of Trump’s friend Carl Icahn, located in Brazil, will profit from the higher prices for exports to the US
Firestarter wrote:On 1 March 2017, Wilbur Ross resigned from the board of directors of the largest steel manufacturer in the world, ArcelorMittal. With factories in the USA and Brazil (also exempted from Trump’s steel tariffs) to profit from the steel tariffs.
Ross held $750,000 to $1.5 million in ArcelorMittal and, while he promised to divest his stake, he didn’t say how fast.
Trump told the group that included Bolsonaro, Pence and Ivanka Trump, about his present to exempt Brazil from the tariffs (which was really a present to Icahn and Wilbur):
I gave him a great gift — I gave him a good gift. We didn’t charge him tariffs on something and that made him much more popular.
Maybe even more interesting is that Richard's wife, Robin Bernstein, was appointed by President Donald as Ambassador to the Dominican Republic from 2018 to 2021. Robin Bernstein, was one of the 25 founding members of Mar-a-Lago.
The insurance agency Richard S. Bernstein & Associates, has insured the Trump Organization for 2 decades. The Bernsteins are billionaires. Richard's wife, Robin Bernstein, was one of the 25 the founding members of Mar-a-Lago.
Robin Stein Bernstein was once on the transition team for president Jimmy Carter: https://www.miamiherald.com/news/politi ... 26546.html
Firestarter wrote: ↑Fri Aug 09, 2019 4:03 pm
To argue that GY US really can provide access to Donald and the Trump family, Cindy Li Yang ´s Facebook page contains photos of her with Donald Trump, his sons Eric and Donald Jnr, Secretary of Commerce Wilbur Ross, Transportation Secretary Elaine Chao, Florida Governor Rick DeSantis, Senator Rick Scott, Sarah Palin, and White House aide Kellyanne Conway.
Future Florida Governor Ron DeSantis was at the Mar-a-Lago Israel-gala together with none other than Cindy Yang, 25 February 2018.
See Ron DeSantis at the centre (not the Chinese fellow), with Cindy Yang on the far left.
Turkish media were surprised that Melania Trump visited a school associated with Fethullah Gulen: https://archive.is/epukv
Rep. Matt Gaetz, a close ally of former President Donald, is investigated by the Justice Department over allegedly sex trafficking of a 17-year-old girl.
Maybe the following is even more serious than Gaetz's own entanglements with the law. Matt Gaetz's Jewish buddy, Joel Greenberg, has been indicted for sex trafficking of a child, stalking a political rival, illegally obtaining information from Florida state databases and identity theft. There are also links to the infamous Proud Boys.
Greenberg has tweeted 2 selfies on Twitter with Gaetz. One is from 2017 with Donald's adviser Roger Stone (also close to NY governor Cuomo). The other is from 2019 at the White House with former Florida state representative Chris Dorworth; on the same day, Greenberg also tweeted a photo of Gaetz, Donald and first lady Melania Trump with Gaetz holding Greenberg’s daughter: https://www.jta.org/2021/03/31/politics ... -greenberg