Trump's financial disclosures show his Washington hotel growing but Mar-a-Lago sinking
It's not his tax returns, but President Trump did release some financial information to the world on Thursday.
Along with nearly every lawmaker and 2020 candidate, Trump released his 2018 financial disclosure forms on Thursday. It's a predictably sparse document, which only shows a range of valuations of Trump's assets and income, but it does reveal some contrasts between Trump's 2017 hotel earnings and last year's.
For starters, Trump's Washington, D.C. hotel — where the president's allies tend to stay when they visit the capital — reported a massive $40 million in income throughout 2017, its first year in business. Revenue went up to $40.8 million this year, The New York Times reports via this year's disclosure. Yet Trump's favored Mar-a-Lago result saw an almost 10 percent revenue decrease in 2018 from the year before.
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Trump's disclosure form also records six loans and mortgages of up to $50 million, and another eight of up to $25 million. Two of them are for the Trump National Doral result, which was reported by The Washington Post to be in "steep decline" just a few days ago. Several others are for golf clubs, hotels, and resorts, and one taken on in 2018 is for an undisclosed piece of real estate.
Still, Forbes is sure to point out that this form doesn't show who is paying Trump, exactly how much he and his businesses are making, or his debt. That information would only be discernable from tax returns, which Trump is fighting subpoenas in an effort to keep hidden.
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Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
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