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Trump releases his 2016 financial disclosure

That’s according to his latest financial disclosure released by the federal Office of Government Ethics Friday evening.”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”, Spicer said.A report signed by Trump on May 16, 2016, shows nearly $29.8 million in income from Mar-a-Lago and between $50,000 and $100,000 in revenue from “The Art of the Deal” royalties. Trump reported that he earned more than $5 million from the project, which was developed by the son of one Malaysia’s richest men. His Mar-a-Lago resort in Florida, which he’s visited seven times as president, pulled in millions of dollars more than it had previously.President Trump released his financial disclosure Friday, revealing assets of his trust and details of post-election finances.Since taking office, Trump has frequently spent weekends at the resort.His latest financial disclosure covers January 2016 through this spring.The documents have added importance because Mr. Trump isn’t following the long tradition of presidential candidates and office-holding of making public his tax returns. It is not the same as a tax return, which would show more detailed financial information and his business dealings.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. The disclosure also noted Trump took home more than $37.2 million in “resort-related revenue” from Mar-a-Lago in 2016, along with $19.7 million in “golf related revenue” from Trump National Golf Club in Bedminster, New Jersey, CBS reported.Overall, Trump reported liabilities of at least $311 million – mortgages and loans.Trump’s golf courses also show large amounts of reported income – which presumably does not reflect offsetting expenses.His book “The Art of the Deal” is having a comeback of its own.The Mar-a-Lago income figure was $7.4 million higher than on his previous financial disclosure filing, in May 2016.Trump reported liabilities of at least $110 million to Ladder Capital Corp, a commercial real estate lender with offices in New York, Los Angeles and Boca Raton, Florida.Trump’s refusal to divest his holdings before taking office have triggered a cascade of complaints related to the use of government resources to promote properties such as Mar-a-Lago in Florida, allegations that he is violating the Constitution’s foreign emoluments clause and questions about how he is being used to promote the Trump Organization’s projects overseas.