Tribulations, Tax and Trump

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The presidents questionable definition of certain terms doesn’t end there. His ‘consulting fees’ are beginning to be put under the microscope as well as when they are scrutinized the explanation for what these moneys were received for seems to remain elusive. One such fee has raised some eyebrows as the records show that his company once paid an ‘unnamed consultant’ the princely sum of $747,622 for work relating to hotels in Hawaii and Vancouver.

Strangely, in 2017 when his daughter Ivanka joined the White House staff, the public disclosure forms she was required to provide, showed that through a consulting company she co-owned she had received a princessly sum of money that just happened to be that exact amount.

The leaked documents seem to show that Trump status as a billionaire can be called into question, even perhaps his status as a millionaire. The Trump Organization is comprised of around 500 entities, most of which seem to be hemorrhaging money. Since 2000, he has reported losses of around $315 million from his golf courses alone. However, in stark contrast, between 2004 and 2018 Trump is estimated to have earned $427.4 million from selling his name and image.

 

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