Trump Lawyers Say Tax Returns Don’t Reflect ‘Any Income of Any Type From Russian Sources’…’With a Few Exceptions’

Apparently, following requests from Congressman [score]Lindsey Graham[/score] (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.”

take our poll - story continues below

What is your top alternative to Facebook? - FIXED

  • What is your top alternative to Facebook?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Eagle Rising updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Trending: Haters Gonna Hate (While Calling Us Hateful)!

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?

No.

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.”

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Philip Hodges

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Send this to a friend