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 ...
LOL!! Beats the heck outta ‘Twister’ :)
Woo Hoo!!!
Love it!!
Me TOO! :)
Thanks for the ping, dear HarleyLady :)
It’s good to see the Miami Herald use a fine tooth comb. Do they do the same for the Clintons?
Sales of the nth printing of The Art of the Deal alone are probably offsetting a big chunk of his outlay.
He has explained that he is not taking big donations from big donors who would expect to extract favors. If people want to send $10 and $20 to his web site just to feel they are particiapting in making history, that's just fundraising; and he is entitled to claim he is self-funding, since he is paying for the web site and the handling of the small donations that have no strings attached.
>>he is entitled to claim he is self-funding, since he is paying for the web site and the handling of the small donations that have no strings attached.
Nope. That’s paying for a website and processing. It’s not self-funding a campaign.
>>>he is entitled to claim he is self-funding, since he is paying for the web site..
“And, I can tell you, I don’t have to give you a website, because I’m self-funding my campaign. I’m putting up my own money.”
-— Donald Trump, Republican Debate, November 10, 2015.
I sent him a $1 bill just to show support.
Nice!
We Stump for TRUMP!
MAKE AMERICA GREAT FOR GREAT AMERICANS
Did you believe him when he said he was self-funded too?
LoL.
Oh, geez. Get over it and grow up.
Get over what?
If you own several companies and one company receives a service from another company, well, that company pays for the services received, even if owned by the same parent company. This happens every day for thousands of companies.
The company I work for owns scores of different businesses. If we use the services of another company owned by the same person, well, we have to pay for it...ding, ding, ding.
Of course, during the consolidation of the income statement, the transactions are eliminated - you can't count the transactions between companies owned by the parent company.
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