Trump income exaggerated

[yorkie77]

Great article in Mother Jones showing how Trump artificially inflated his income, at least abroad, indicating he probably made a lot less, and therefore possibly could be greatly in debt.
www.m.motherjones.com/m

[tonyt53]

1. Trump is so far in debt that he planed on using the influence of the WH to make money.

Maybe by selling off parts of the US to Russians. Crazy as hell though, but it matches the Trump campaign.

[yorkie77]

4. The Russians

I am sure he hopes to use that office to either pay back the money he owes them or return some favor. Who knows who or what owns him? Anything other than a colossal debt of some kind cannot explain his lies about Russia.

[bettyellen]

5. He'd love to give Putin the passage that's opening up above Canada after he's given him Eastern

Europe.

[Gothmog]

2. Trump does not know the difference between gross revenues and net income

[warpigs72]

3. Revenue not income

If you look at the Trump Doral it shows $131M income on his submission.

It has 700 rooms. At $400 night and full occupancy = $100M add some for golf and restaurants and you can get to $130M gross. No way this is income (although maybe he is planning not to pay any employee).

[yorkie77]

6. Wow!

I feel this exists on all of his financial forms. I want someone to prove and expose this type of misinformation before it is too late.

[warpigs72]

7. Let's keep this going

There must be some hotel experts out there that could verify this fairly easy?

[warpigs72]

9. Compare to Ritz-Carlton Revenue

We can look at Marriott 2015 Annual Report.

http://ir.hosthotels.com/phoenix.zhtml?c=60734&p=irol-reportsannual

They listed $5.4B revenue and 7.6% (or $410M) is for the 6 Ritz-Carlton Properties which have 2,403 rooms. So an average room brings in $170,787 annually or $468/night. This is close to the estimate of $400 night plus golf/restaurant.

Of the 6 Ritz-Carltons, three are golf resorts in Florida - two in Naples and one on Amelia Island - which would compare to Trump Doral.

The income from Marriott is around 10% of gross revenue.

What's the penalty for filing false financial statements to the FEC?????

[madinmaryland]

10. Bigly debts!! Greater than anyone has seen! Believe me!!