Trump Took In $73M In Revenue From Foreign Business Deals In His First Two Years

Official White House Photo by Tia Dufour / Public Domain

JakeThomas

Much of the revenue came from his golf courses in Ireland and Scotland, with millions more coming from licensing deals.

A New York Times review of President Donald Trump’s tax returns showed that Trump earned $73 million in revenue from his company’s interests in foreign countries, Business Insider reported.

The report noted that the “snapshot of Trump's finances reveals an unprecedented level of foreign business entanglements for a sitting US president, even though he promised not to pursue any foreign deals as president.”

The financial records obtained by The Times show that Trump earned $73 million in 2017 and 2018 from his properties abroad. While most of the income came from the Trump Organization's golf courses and resorts in Scotland and Ireland, Trump also earned millions in licensing deals in countries with authoritarian-style leaders and troubling human rights records, including India, Turkey, and the Philippines.

Some of the biggest revelations from The Times' reporting included the details that Trump paid $0 in income taxes in 10 of the 15 years from 2000 and 2015, and paid just $750 in income tax in 2016 and 2017. He has also suffered immense losses in his real estate ventures over the years, according to the documents, undercutting the image he's cultivated as a successful businessman.

Read the full report.

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