Posted on 01/09/2016 6:13:42 PM PST by BlackFemaleArmyColonel
Donald Trump knows how to make money, even when he's running for president.
Federal records show that Trump's campaign paid the Republican frontrunner and 10 companies he owns more than $1.64 million for various campaign expenses since the billionaire businessman began his run last spring. The payouts amounted to nearly one of every three dollars the Trump campaign spent through Sept. 30, according to campaign reports, including an amended quarterly report filed Dec. 17 with the Federal Elections Commission.
Most of that money, $1.2 million, was paid to Tag Air, the holding company for the luxury Boeing 757 with 24-karat gold plated seat belts that Trump uses on the campaign trail. The jet can accommodate up to 43 passengers. The payout was the fair market value of those flights, according to the campaign. Another $410,000 went to Trump and Trump entities to reimburse payroll expenses and pay rent, hotel and restaurant bills. Trump himself was paid more than $100,000, including $45,000 for rent and $60,000 in reimbursements for campaign payroll expenses he incurred, the records show.
The Trump campaign pie also was sliced to pay rent to The Trump Corporation, Trump Tower Commercial LLC, Trump Plaza LLC, and Trump CPS LLC. Together, they collected more than $278,000. Trump Payroll Corp., too, was paid nearly $18,000 for prepaid payroll expenses. Campaign checks also went to Trump Restaurants LLC and Trump hotels in New York and Las Vegas for meals and lodging, though in much lesser amounts. While noteworthy, it's not unlawful for Trump's campaign to pay Trump or his companies for their services. Indeed, federal law often requires it.
(Excerpt) Read more at miamiherald.com ...
That was fast!!
PING!!!
https://www.youtube.com/watch?v=AYfHdS_8alM
GO.TRUMP.GO!!! ALL THE WAY TO THE OVAL OFFICE!!!
Trump may end up having the first presidential campaign in history to turn a profit.
“Ahead of schedule and under budget”!!! LOLOL!!!
Now if he can just run the Federal govt that way things will get back to normal. :-)
Si. “:^)
Yep!!
The government paying itself and not Trump
Ha! That’s good.
He is not spending peoples money and ofcourse not begging, Heidi is sick..
DEMS DEFECT: 20% WOULD VOTE TRUMP! Drudge Headline!
Get Ready for the next President ...Donald J. Trump!
There goes the “self-funded campaign.”
Trump and campaign manager Corey Lewandowski have said repeatedly â most recently in a radio interview with Lewandowski three weeks ago â that Trump is self-funding his campaign. While that was true last spring when Trump seeded his campaign with a $1.8 million loan, it no longer is.
For months, Donald J. Trump has highlighted his credentials as a politician who was financing his own campaign for president.
No longer.
Mr. Trump revealed in a filing Thursday to the Federal Election Commission that the vast majority of the money he raised and spent this summer as he rose to the top of national polls came not from his own coffers, as it had in the spring, but from about $3.7 million in what he called “unsolicited contributions.” Some 74,000 donors pitched in an average of about $50 to help his campaign, he reported.
Mr. Trump himself contributed only about $100,000 in in-kind contributions, including rent space that he donated and payroll expenses that he covered. That represented a huge drop from the spring, when Mr. Trump donated about $1.9 million to his campaign, financing the bulk of it himself.
“I don’t need anybody’s money,” he declared when he announced his candidacy in June. “I’m using my own money. I’m not using the lobbyists. I’m not using donors. I don’t care. I’m really rich.”
Not so rich, however, that he couldn’t use some help nowadays.
“:^)
Did you know what it referenced?
Thanks for the ping.
Brilliant man. Finally, someone who knows the value of a dollar and how to manage it.
LOL, so true!
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