So Trump is basically leasing his planes to himself. There is no profit back to Trump on any of this. Those planes are expensive to run and maintain. As for the rest of it, well he does live at Trump Towers so why not eat at the restaurants there. He probably has his small campaign staff, security and secret service eat there also.
I can’t get too excited and up set by any of this. So he is using his own money to rent his own offices and airplanes.
So Trump is basically leasing his planes to himself. There is no profit back to Trump on any of this. Those planes are expensive to run and maintain. As for the rest of it, well he does live at Trump Towers so why not eat at the restaurants there. He probably has his small campaign staff, security and secret service eat there also.””’
As a life-long bookkeeper, I will take a different direction on this topic:
Trump runs many businesses. I would think he gets a salary from each of them, if nothing else as a ‘consultant’.
I would think that the costs of running his plane for business is divvied up to what ever business work he does on any particular trip.
I would think that the campaign MUST pay him a larger amount of the whole now, because the IRS could challenge him & say——”HOW can you be materially involved in all those other businesses when you are campaigning all over the country?” Serious question.
IF he loaned the campaign the money, he can get paid back if & when there MAY be enough donations to do so. However, I seriously don’t think there is more than 5-7% of the cost of his campaigning coming from outside his own money. Therefore, Donald is funding his own campaign in the eyes of the accounting rules.
He has stated many times that he WAITED until his family members were grown up & could run the businesses in his absence BEFORE he ran for office. I believe him. He could have done this 8 years ago.
I would believe that there is a serious number of bookkeepers & accountants working behind the scenes to keep track of every minute of every day in Trumps’ life so that his efforts on the behalf of any of his companies & his campaign don’t get mixed up. This is easily done IF proper accounting techniques are set up in advance of the campaign. Trump is no dummy——he already gets multiple audits a year from Obama’s IRS. He has the best accountants & tax lawyers available to him. Even a small business bookkeeper like me would be proud to work for Mr. Trump.
I would be willing to bet that his records are squeaky clean compared to any of 15 large businesses in the USA.