“He would be fine if he sold off Trump Tower and his fleet of planes—which are quite old and outmoded, by the way—but he refuses to do that and his bottom line is paying the price for that stubbornness,” says Samuel Green, a CPA with Gunther, Green & Taylor, one of Manhattan’s largest accountant firms.
Green was lead accountant on Trump’s taxes from 2003 to 2014 but was reassigned after recommending asset sales to liquidate the equity Trump has left in his holdings.
“I know he’s got his name on everything, but most of that is branding,” he says. “He basically gets royalty payments for those, and that’s not bringing in much money. In terms of his actual assets, a lot of them are simply old, like his planes. No real mogul today would be caught dead flying around in those antiques. Have you seen his 757? It’s a museum piece. I don’t know how he keeps that thing in the air, duct tape and super glue, I guess.”
Green says the reason Trump won’t release his taxes is because his fortune is anything but. “A billionaire? Only if you value his brand name at a billion dollars,” he says. “Because he sure isn’t a billionaire based on the value of his hard assets. If he cleared a couple of million dollars last year, I’d be surprised. A CEO of a small company making grocery carts probably makes more than he does.”
Trump said earlier this week he’ll no longer self-fund his campaign now that he’s put the primaries behind him. Green said he’s been expecting that announcement for some time. “I’m sure the primaries have killed his finances,” he says. “It’s not cheap flying around the country telling people you’re a billionaire. It costs a lot of money to do that, and to afford it, you really have to be a billioanaire.”
This is a work of satire. It is fictional news article not meant to be taken seriously. Photo: gs, ab, ba (Creative Commons). Not necessarily an endorsed use of image.
With millions of people around the world refusing to spend money at his name-branded hotels, resorts, and condominium buildings in protest of his racism, bigotry, and misogyny, Donald Trump says his plan to destroy the value of the Trump name is going better than he anticipated. “We’re destroying our brand equity like no one else in history,” Trump said at a rally in Altoona, Pa., this morning. “We have millions of people—millions!—who won’t spend a dime at any Trump hotel anywhere. It’s amazing. There’s never been a faster loss of equity by any company in any country.” How much of his personal wealth is being impacted by this unprecedented loss of value isn’t clear, since Trump, the Republican nominee for president of the United States, hasn’t released his tax returns. But accountants and other financial experts say he could be losing $1 million a day as people stop spending money at Trump properties or buy Trump products. “If his plan was to lose $1 million a day, he’s succeeded at an amazing pace,” says Stuart Nessing, an accountiant with Billings, Stone & Reynolds in New York City. More.
The bible of the journalism profession, The Associated Press Stylebook, has downgraded Donald Trump to a “millionaire” because his “billionaire” claims cannot be verified. “We take our responsibilities as the official guide to journalists in the United States seriously, and we feel the only responsible course of action is to downgrade the status of Donald Trump from billionaire to millionaire until further notice,” says Alfred Whitehurst, editor-in-chief of the Stylebook. Under the reference to Trump in the latest edition, Trump is identified as, “Trump, Donald J., millionaire* real estate developer and 2016 presumptive Republican nominee for president of the United States.” More.
In a sensational claim, the supermarket tabloid Weekly National Report says a 50-year-old woman in Fayetteville, Ark., Dannielle Eggles, is the daughter of presumptive Republican presidential nominee Donald Trump and she’s demanding a “White House bedroom” for her and her husband if he is elected president. “This is the hardest thing I’ve ever done, but I feel I must come forward because it’s time for my daddy to stop pretending I don’t exist,” Eggles said at a press conference in Fayetteville yesterday. Eggles, a clerk at Target, said she had resigned herself to living in the shadow of her famous father and her glamorous half brothers and sisters, but six months ago she and her husband, Ron Eggles, decided she could no longer do that. “We just thought it wasnt fair that Ivanka, Tiffany, Eric, Donald, Jr., and Barron all get to live the high life while we have to scrape our fingers to the bone just because daddy pretends I don’t exist.” More.
Presumptive Republican presidential nominee Donald Trump started fleshing out details of his administration should he win in November with release of a detailed plan for a U.S. Department of Deportations that he will create within his first 100 days in office. “We have 11 million illegal Mexicans to deport and 1.6 billion Muslims to keep out of our country, so it’s going to be a big department and it’s going to do things well,” Trump said yesterday at a press conference
in the lobby of his signature building in New York City, Trump Tower. Under the plan, the Department of Deportations will be a part of the U.S. Department of Homeland Security but it will have independent funding and its chief will be a presidential appointee. Trump said the department won’t require annual appropriations from Congress because it will generate its own funds through a levy on Mexican imports into the United States. More.
SACRAMENTO, Calif.–Presumptive Democratic presidential nominee Hillary Clinton today named California Gov. Jerry Brown her vice presidential running mate, saying the four-term governor has the experience and stature to take over as the presidential nominee after the FBI indicts her for using a personal email account to send and receive classified information while she was the U.S. secretary of state. “No one in the Democratic party today has the breadth and depth of experience that Jerry Brown has,” said Clinton, who spoke in a joint news conference with Brown after the two met for several hours in the state house here. “That will be important, because I’m expected to be indicted in about four weeks. More.
Presumptive Democratic presidential nominee Hillary Clinton fired an early general election shot by saying likely Republican nominee Donald Trump had “nothing going on” in his race for the presidency except the “bigot card.” “I think the only card he has is the bigot card,” she said in Terra Haute, Ind., where she was campaigning. The state holds its primary this week. “He’s got nothing else going on. Frankly, if Donald Trump wasn’t a bigot, I don’t think he would get 5 percent of the vote.” Trump responded by saying he’s a proud holder of the card. “If fighting for racists, xenophobes, and misogynists is playing the bigot card, then deal me in,” he said. More.
Men have strong political convictions; men have the right to vote. More importantly, though, men have abs and biceps. At first glance, you might gather that’s the message behind a growing Snapchat account, “Dudes For Hillary,” which proclaims to be “Making America Whole Again One Dude at A Time.” The account, that is run by women, houses dozens of images of conventionally attractive men baring it all in the name of supporting Hillary. More.
Republican presidential nomination front-runner Donald Trump is running on the slogan “Make America Great Again.” Here are 10 ways the United States is no longer great. 1. Its women are no longer beautiful. Today, someone wealthy has to look outside the United States for a wife, at least two out of three times, because all of the hot women are taken. 2. It’s no longer a meritocracy. It’s possible for someone to use his wealth to run for president even though he’s driven the company his dad started into bankruptcy four times. 3. It’s no longer a melting pot. It’s possible for someone running for president to win more votes than his competitors by asking his supporters to slug immigrants or people of color who disrupt his rallies. More.
Republican presidential nomination front-runner Donald Trump said today he’s not a misogynist and that “his women” will tell you that. “My wife Melania and my daughter Ivanka, just ask them,” said Trump. “They’ll tell you I’m no misogynist. And my other women—Marla and Ivana. They’ll tell you the same thing. All of my women, past and present, know I like women. In fact, I love women. I love them a lot.” Trump said “his women at work” also know he’s not a misogynist. “I give all of my women at The Trump Company opportunity. I give them responsibility. I don’t have to give them those things, but I do. Because my women are the best. In fact, I wouldn’t have anything but the best women.” More.
Republican party officials are giddy over the prospect of Donald Trump and Ted Cruz joining forces in Cleveland and taking on Hillary Clinton in the general election this fall. “A Trump-Cruz combo is guaranteed to win us at least one state in the general election, and possibly even two,” says a Republican party operative who asked not to be identified so he could talk candidly about campaign strategy. “Let Hillary Clinton and whoever she’s running with take 48, maybe 49 states. With our two leading candidates joining forces, we’ll get a state—and maybe two. And they could be big ones.” More
Mayo Clinic neurosurgeon Ronald Madison has studied the brain of Republican presidential nomination front-runner Donald Trump and says it really is a “big, beautiful” specimen of human’s most important organ. “When Donald Trump compliments his own brain, he does so on good grounds,” says Madison, who studied Trump’s brain in 2013, when the real estate mogul went to the Mayo Clinic for tests. Madison says Trump was complaining of “low energy” and wanted to rule out anything neurological, so he arranged to have a battery of tests done. “What I found was, of all the brains I’ve seen, Trump’s was certainly one of the biggest and most beautiful ever,” he says. “It’s a very good brain.” More.
Is Republican presidential nomination front-runner Donald Trump a dictator in the making? A report from the Massachusetts Institute of Technology suggests he is, based on a body-language analysis that finds he and former Iraq strongman Saddam Hussein, along with other strongmen throughout history, share a key oratorical gesture. The gesture is called “Dictator’s Finger,” because it’s seen only in people who believe they are infallible. “The moment we saw Donald Trump raise his index finger for the first time in a debate, we saw the connection with dictators throughout history,” says Nelson Pottsmann, professor of communications at the Massachusetts Institute of Technology and director of the MIT Center for Body Language and Non-Verbal Communication Studies. More.
Almost 60 percent of Republicans say a little bigotry isn’t a “deal killer” in determining who gets their vote for president, and about that same percentage say “it’s not critical” the next president represent all Americans as long as “a good chunk” of Americans are represented, according to the results of the most recent Center for American Politics poll. The results suggest Republican party leaders and big-money donors face headwinds in their effort to deny the 2016 Republican presidential nomination to real estate mogul Donald Trump, who has been accused of making bigoted and other divisive remarks on the campaign trail. More.
Republican presidentlal nomination frontrunner Donald Trump is planning to name his daughter, Ivanka Trump, to be his vice presidential running mate, according to Trump campaign officials who have worked on the matter. “It’s an unorthodox pick, but Donald knows the public loves his daughter and so he believes the two of them will make an unbeatable team in the general election,” says a campaign official who spoke on the condition of anonymity. “Ivanka’s favorable ratings are far higher than her father’s, so there’s a feeling that she’ll lift him up in states he’s lagging in.” There are other names on Trump’s list, but the official said it’s unlikely to be anyone other than Ivanka. More.
The Mexican legislature received a petition yesterday from Mexico City to block Donald Trump, the leader for the Republican presidential nomination, from entering their country in retaliation for his proposal to build a border wall that Mexico must pay for. José de Jesús Zambrano, the speaker of the Chamber of Deputies, Mexico’s equivalent to the U.S. House of Representatives, said in a statement he would consider taking up the proposal. “The United States is an important country, our largest trading partner, so taking up such a petition has far-raching implications for the Mexican people,” he said. “I will consider it carefully.” More.
Donald Trump, the front-runner for the Republican presidential nomination, released his plan today for remaking the White House and its operations into his image should he be elected president. “I didn’t get to where I am today by thinking small,” said Trump, a real estate mogul who is estimated to be worth $1 billion. “When I’m elected, I will think big. A new White House sign. A new White House brand. The White House seal has not been updated since 1968. Think about that. Vietnam. Woodstock. The country has moved on from that period, people. So should the presidency.” Under the plan, the name “Trump” would be incorporated into both the presidential seal and the White House logo. And the same signage on the Trump Tower in New York City would be added to the White House facade. More.
Marla Maples, the former wife of Republican presidential nomination frontrunner Donald Trump, says her former husband is endowed with wealth and a go-getter personality, but he is not well-endowed in the one aspect of his life he would like to be, and she thinks that this inadequacy is driving his presidential run. “Do I think he feels small in that respect?” asked the one-time actress who was Trump’s wife from 1993 to 1997 and was known as the “other woman” when Trump was married to Ivana Trump. They had one daughter between them, Tiffany Trump, who today is known for her enthusiastic use of Instagram. More.