Eric Trump claims profits from foreign countries were donated to U.S. Treasury

[underpants]

Eric Trump is denying the new report from Democrats in Congress that his family raked in millions from foreign nations while his father was in office by saying he gave money to the government.

After the House Oversight Committee Democrats released a nearly 200-page report on Thursday about the Trump Organization's profits from foreign countries, the former President Donald Trump's youngest son proclaimed they donated every dime to the U.S. Treasury.

“What a joke!" Eric Trump wrote on social media. "All foreign government profits, for stays at our hotels and other properties while my father was in office, were voluntaraly (sic) donated to the United States Treasury."

Thus far, the younger Trump hasn't shown any evidence showing the millions in profits were transferred to the government.

https://www.rawstory.com/trump-org-profit-donation/

[malaise]

1. This lie will be exposed

Country for sale - apply within
As the Trumps were casting in

[brush]

2. Yeah, right. Who believes that?

[Blue Owl]

28. When I hear the word "tRump" the first thing I think of is a donation

NOT!

[gratuitous]

3. Got a receipt, Gums?

How about a tax return showing that donation? Color me cynical, but I'm afraid I don't trust the unsupported word of anyone in your miserable family.

[underpants]

4. The idea of Trump letting one dollar out of his hands is a joke

Eric is a joke too.

[central scrutinizer]

15. "The dog ate them"

Oh wait, we didn’t have a dog.

[Freethinker65]

5. Like Trump voluntarily returned the classified documents he stole

[Maeve]

6. Then show the paperwork

[Kingofalldems]

7. If this really happened Trump would have been crowing from day one.

[Brother Buzz]

9. Word!

[underpants]

19. Ok. Good link

This is from Trump’s accounting people?
Can you really imagine him paying out ALL the money he got from foreign governments?

[Kingofalldems]

22. Yeah, google a quote from Trump or one of his henchmen.

Not a good try there.

[Kingofalldems]

24. So you are saying the House Democrats are lying?

[sheshe2]

32. The article also states:

The size of the payment was not disclosed. The transactions the payment was based on and the foreign governments involved were also not disclosed.

snip
The payment "is woefully inadequate," said Noah Bookbinder, executive director of Citizens for Responsibility and Ethics in Washington, a plaintiff in one of the lawsuits.

The payments are calculated on profits from foreign governments at Trump hotels and similar properties, as explained in a pamphlet from the Trump Organization. The calculation does not include other profits — for example, on rent paid by the government of China for space at Trump Tower — or non-monetary benefits for Trump properties in other countries, or payments or benefits from state governments.

Bookbinder said that even if those problems were solved, the president might be influenced simply by knowing that foreign officials stayed at his properties.

[WarGamer]

35. I know, I saw it.

[The Magistrate]

33. Always Helps To Read All the Way Through, Sir

The payment "is woefully inadequate," said Noah Bookbinder, executive director of Citizens for Responsibility and Ethics in Washington, a plaintiff in one of the lawsuits.

The payments are calculated on profits from foreign governments at Trump hotels and similar properties, as explained in a pamphlet from the Trump Organization. The calculation does not include other profits — for example, on rent paid by the government of China for space at Trump Tower — or non-monetary benefits for Trump properties in other countries, or payments or benefits from state governments.


And even with this, note the dependence on 'calculations' of profit prepared by a company already found liable for fraud on a scale of billions. I'm more likely to believe a police officer who says he feared for his life than a Trump Org accountant's figures.

[WarGamer]

34. irrelevant... I was simply addressing the lack of googling

It clearly says payment was verified by the Treasury.

I'm not arguing that it was FAIR, I'm simply pointing out that this thread isn't quite accurate.

I thought you'd pick up on that, dear Magistrate.

Moving goal posts isn't winning an argument.

[The Magistrate]

36. Worthless, Sir

The Treasury giving a receipt for some sum received says nothing about whether the real profits were actually equivalent to that sum, and on the record, there is no reason to believe the amount paid over does reflect actual profits.

[WarGamer]

37. Again... not my argument.

But good for pointing it out.

[The Magistrate]

38. Neither My Monkey Nor My Circus Either, Fella

Reflexive contrarianism is a heavy burden to bear, I hope you can manage getting out from under it.


"We're all rootin' for ya!"

[WarGamer]

39. Agreed. I'll leave you with something I'm sure we can BOTH agree on.

If a thread starts out with the line "Winless Carolina Panthers looking to draft a new Quarterback"

Someone points out that the Panthers are NOT winless... that person doesn't need to be hit with a littany of posts talking about how BAD the Panthers are. That was never the point. The point was a misstatement to start the whole deal...

[The Magistrate]

41. This Statement By Young Trump, Sir, Opens Things Up A Bit

"All foreign government profits, for stays at our hotels and other properties while my father was in office, were voluntaraly (sic) donated to the United States Treasury."


That 'all' is, to put it mildly, likely a lie. What you posted is far from establishing it is not, and that all profits actually realized were paid in.

[WarGamer]

42. Moving the goalposts again...

I never claimed any of this was accurate or fair... I don't know if they paid $30 or $3,000,000

I was responding to a very specific claim. I googled it and answered the question.

Adding more to this is really silly. Of course Trumps lie... that's what they do. But we a story from NPR in 2018, verified by the Treasury that they paid SOMETHING.

If you can find out the amount of that payment... or how the profit was calculated... let's see it.

[The Magistrate]

44. I Agree A Good Deal Of Silliness Is Being Committed Here, Sir

I leave it to the audience to conclude by whom and in what degree, with confidence in their judgement.


"I find if I leave my pants cuff caught in the top of a sock, people expect less of me."

[WarGamer]

45. Have a good evening.

[Dave says]

48. Will you quit it please?

I, and most likely all of us, got your point many posts ago. What you’re saying (it seems) is you posted something of little weight in this thread. Thank you for your efforts.

[Kingofalldems]

49. Oops.

Trump confirmed he took payments.

[WarGamer]

68. Of course, payments for hotel rooms, etc... this isn't news. What do you mean by oops?

[Kingofalldems]

70. And oops he kept them and returned nothing.

[Justice matters.]

59. Still didn't notify Congress as REQUIRED by the Constitution of the United States.

And wait for approval...

[WarGamer]

69. better write a strongly worded letter to Merrick Garland.

[Brother Buzz]

8. I gather the nimrod drew the short straw

[Prairie Gates]

10. He just clicked the DONATE button on the US Treasury website

then navigated to "foreign millions" in his bank statement.

[Docreed2003]

11. "Also please donate funds to this children's cancer fundraiser"

🙄🙄sure Eric, we believe you!

[bpj62]

12. Grifters go to grift

So the son of greatest grifter this country has ever seen expects us to believe that his father would allow any profits to be given away to anybody let alone the federal government. His own father pitched a fit when he found out that money donated to the inauguration fund wasn't his. He is quoted as saying that it was his money. Eric himself was accused of overcharging a children's cancer charity that booked a golf event at one of the Trump Courses. This was one of the allegations led to the Trump Foundation being shut down and all of the Trump children being forbidden from being on any future charitable foundation boards.
The gaslighting by this family is epic.

[Diamond_Dog]

13. I fell onto the floor laughing at this absurd scenario. Yeah right!

[MurrayDelph]

14. This from the guy

who claimed they were giving a special discount rate to the Secret Service.

[senseandsensibility]

16. I'm sure that right after that claim, he

showed the evidence, right?

[Grins]

18. ...said they guy who stole from a charity for kids with cancer. NM

[hildegaard28]

20. Don't worry,

Little Eric is just confused. He thinks the U.S. Treasury was his family's personal piggy bank. That's why he says it was "donated" to the U.S. Treasury. He means it was donated to the Trump family as a gift.

[yonder]

21. How could he know that?

Didn't the Trump's testify that the nuts and bolts daily operations were handled by "others" in their New York Civil fraud trial? How would Eric know about donations of foreign government profits?

Did he just perjure himself?

[mobeau69]

53. Was he under oath?

[yonder]

66. No. Looks like my thinking cap was not in place.

Thank you.

[mobeau69]

67. Well, he needs to be placed under oath.

[Blue Owl]

23. Diarrhea Donny has a toilet paper trail

[tanyev]

25. "Last thing, Mr. Trump, what name do you want to call this new account you're setting up?"

"United States Treasury."

"[click, click, click] Very good, sir, you're all done. Have a nice day!"

[underpants]

27. ✅

[Walleye]

26. Profit? Most of us "donate" part of our income to the US treasury, it's called taxes

[sakabatou]

29. Riiiiight

[Chainfire]

30. After paying myself and daddy, there was $1.38 in profits left.

[captain queeg]

31. Exactly. He's got the creative accountants working for him.

[republianmushroom]

40. eric lies as much as his old man.

Runs in the family, genes ?

[Conjuay]

43. opps

[Conjuay]

46. As Judge Judy would say

“ can I see the receipts? “

[Kingofalldems]

47. Kick this one.

[Hugin]

50. The old "turning over the profits" con only works when one...

Isn’t also charged with accounting fraud and money laundering. Y’know, keeping more than one set of books.

Rookie mistake, Gums.

Say, aren’t you late for a fishing trip?

[bucolic_frolic]

51. IF that were true, OrangeHead would have blitzed Fox News for months about it

[Wounded Bear]

52. IOW, Daddy didn't give him any of it...

[sinkingfeeling]

54. One would think that would be easy to prove or disprove.

[onenote]

55. The "donation" of "profits" to the Treasury is discussed at length in the staff report

See discussion starting at page 25.

https://oversightdemocrats.house.gov/sites/democrats.oversight.house.gov/files/2024-01-04.COA%20DEMS%20-%20Mazars%20Report.pdf

Note that the staff report uses the term "profit" broadly to include all revenues, not net profits, which apparently is what Trump claimed to be donating.

[underpants]

56. "Voluntary" very typical Trump

I’m doing you a favor and you should appreciate it!

Stated that they weren’t even going to try and ID emoluments. The info the Committee got was from the foreign entities. Jesus.

[flakey_foont]

57. Sure, Jan

[Kingofalldems]

58. Another Trump lie---

actually confirmed as a lie by Donald J Trump.

He threw his own son under the bus.

[Oneironaut]

60. Guy thinks that coke dealers pay taxes. Lol

That lovely Chinese cash mined another centimeter or two out of Junior’s sinuses.

[EarthFirst]

61. Pretty simple to provide that burden of proof...

…however it will be a lengthy process of delay and deflect.

[DFW]

62. Right, and David Koch left $10 billion to the American Cancer Society.

I'll leave you the evidence in my will.

[Wonder Why]

63. "After we took all our fees, costs of doing businees nad everything else, the profit came to $27.37."

There are profits and there are profits. A lot of movie/TV series stars got taken because they settled for a share of the profits instead of a much smaller share of the gross when it turned out that, because of other costs, there were somehow no profits on a movie or TV series that grossed hundreds of millions so the actors/actress share turned out to be zero.

When the first U.S. Transcontinental RR was built, both Union Pacific and Central Pacific lost money and went bankrupt even with all the government grants of money and land. Turns out their execs grossly overpaid their own privately owned companies to do the work and those companies paid big dividends leaving the RRs with no money to operate.

[underpants]

64. Forrest Gump officially made no money

Hollywood accounting.

As you probably know, Winston Groom got $350k for the book rights and 3% of net. Thanks to Hollywood accounting, the movie that made $678M worldwide didn’t actually make any money. Box office link below.


Groom did settle. Not sure if the amount but I’m sure it was a lot. Paramount was worried other authors wouldn’t sell them rights.
https://www.deseret.com/1995/6/16/19177386/paramount-finds-author-of-gump-is-no-bonehead

https://www.boxofficemojo.com/title/tt0109830/

[Emile]

65. Well I have never known a Trump to lie, lol.