Trump still refuses to release his tax returns, but did release a financial disclosure form containing troubling information this week.
Trump finally released a personal financial disclosure. (Let’s see, how long did this take?) Trump reported more than 100 million in income. The report was released by the Office of Government Ethics.
The Hill reported that, according to White House Press Secretary Sean Spicer, “President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form; while this filing is voluntary (as no report was due until May 2018), it has been certified by the Office of Government Ethics pursuant to its normal procedures.” This report was only 98 pages, last year’s was 104.
Trump earned more than 75 million in income from Mar-a-Lago, his swanky golf resort, where fees were doubled this year over last year. The current initiation fee was doubled to $200,000 when Trump took office. The luxurious resort is often referred to as the ‘Winter White House.’ BuzzFeed also reported that Trump’s other golf clubs in New Jersey and Virginia earned almost as much.
Let’s see, then there were his book royalties plumping his bank account with around 7 million, the new Trump International Hotel in the old Washington Post Office Building that adds another 19.7 million (the same hotel that the House has filed suit against for violation of the emoluments clause in the constitution), a pension from the Screen Actors Guild for $84,000, and $11 million from the Miss Universe Pageant.
CNN Money stated that Trump’s worth in 2016 was around 1 Billion. A financial disclosure is not as detailed as a tax return, which Trump has still refused to make public. You have to wonder what exactly is on them that he doesn’t want the people to see. “Trump refused to sell his business holdings as president, as experts in government ethics urged him to do. Instead, he transferred them into a trust in his name. Any business profits will ultimately accrue to him when he leaves office.”