Donald Trump discloses multimillion-dollar income in latest filing

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Donald Trump discloses multimillion-dollar income in latest filing

A financial disclosure form released by the Office of Government Ethics showed that past year the president, who has faced criticisms for not revealing his tax returns, earned almost $20 million from a new luxury hotel in Washington that has become a favourite haunt of foreign diplomats.

"President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form", the White House press secretary's office said in an emailed statement.

US President Donald Trump has reported hundreds of millions of dollars in income in a financial disclosure form, the media reported.

For example, Trump disclosed debts to Deutsche exceeding $50m for the Old Post Office, an historic Washington, DC, property in which he has opened a hotel.

His assets probably exceeded US$1.4 billion because the disclosure form provided ranges of values.

He has frequently referred to the property as the "Winter White House" and sought to promote the venue as an official presidential residence.

President Trump and the Justice Department have called those claims baseless.

Trump brought in approximately $600 million to $650 million in employment assets and income. It is worth between $5 million and $25 million and produced more than $100,001 in income, the report shows.

Trump holds positions in 565 organizations outside the U.S. government, from the president of Trump Ice, a bottled water business (page 7), to the director/chairman/president of Turnberry Scotland Managing Member Corp.

Trump received $7 million in royalties from his several bestselling books - including between $100,000 to $1 million from "The Art of the Deal" - and a $84,000 pension from the Screen Actors Guild. Its television revenue like The Apprentice dropped to $ 1.1 million from $ 6 million a year earlier.

Trump released a disclosure form in May 2016 that his campaign at the time said showed his net worth was $10 billion.

The US Office of Government Ethics published this evening (Saturday) a report containing US President Donald Trump's financial disclosure.

As for Trump's income for the previous year, the standout is the $37 million he made off the Mar-A-Lago Club, which has also served as a second White House.

Before taking office in January, Trump was a NY real estate developer and television celebrity. It also doesn't address what he paid in taxes according to The Atlantic, as he still refuses to make his tax returns public.

Ethics lawyers involved in suing Trump, based on allegations that he is violating the Emoluments Clause of the Constitution because his businesses are accepting payments from foreign governments, said that the financial disclosure, while helpful, left many of their questions unresolved.

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