Apparently, following requests from Congressman Lindsey Graham (R-SC), President Trump ordered his lawyers to draft a letter clearing up the situation with his tax returns and putting to rest – for now anyway – any concerns about ‘Russian ties’ people may have over Trump.
According to their letter:
“With a few exceptions – as detailed below – your tax returns do not reflect (1) any income of any type from Russian sources, (2) any debt owed by you or TTO [The Trump Organization] to Russian lenders or any interest paid by you or TTO to Russian lenders, (3) any equity investments by Russian persons or entities in entities controlled by you or TTO, or (4) any equity or debt investments by you or TTO in Russian entities.”
One of the ‘few exceptions’ is the Miss Universe pageant in 2013, which netted him a little over $12 million, a ‘substantial’ portion of which was ‘attributable to the Moscow event,’ according to the letter.
Another of the ‘few exceptions’ was when he sold a Palm Beach, Florida mansion to a Russian billionaire in 2008. Trump had bought the property for about $41 million in 2005. Three years later, the property was sold to that Russian billionaire for $95 million.
Ah, but that ‘Russian billionaire’ was Vladimir Putin, right?
It was some guy named “Dmitry Rybolovlev, whose financial empire springs from his companies’ production of potash, often used for fertilizer,” according to CNBC.
The letter does note that “over the years, it is likely that entities, such as sales/rentals/fees for condominiums, hotel rooms, rounds of golf, books or Trump-licensed products (e.g. ties, mattresses, wine, etc.) that could have produced income attributable to Russian sources (such income would not have been separately identified as ‘Russian’ in your books and records and therefore not separately reflected on your tax returns).”
“With respect to this last exception, the amounts are immaterial.”