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I would consider it living it up on someone else's dime anyway.
originally posted by: Dfairlite
There have been many threads here talking about how trump is getting rich off tax payers by vacationing to his properties, that's simply (and provably) untrue. You can complain that he's wasting tax payer money on golf trips or on vacations, that's your prerogative. I find it funny that the left wants trump to do more work, yet they vehemently disagree with the work he does. I always viewed Obama on vacation as a good investment in my interests.
But anyway, here's the proof that Trump is not enriching himself on tax payer money.
The only expense he can make money on is hotel amenities or stays.
A stay at mar-a-lago isn't cheap, it can cost up to $5k/night, but that's for the most expensive suites and there aren't very many of those. They have a large number of rooms that cost between $850 and $2500 per night
Mar-a-lago has 128 rooms, not all are rentable so for the sake of easy math we're going to use 100 rooms.
If we go with a standard distribution of room prices, Mar-a-lago can bring in right around $230k/night.
The profit margins on luxury hotels are right around 6-7%
So the profit mar-a-lago can make in a night is $16,100
So if he stays there, two nights, and books out the whole thing with govt money that's $1.5M/yr of profits
"He's getting rich then!" Well, not exactly. Trump doesn't get to keep all of the profits himself. More than a third is going to the tax man, so now we're down to $1M/yr.
Still that $1M/yr doesn't go to Trump. It is part of the trump organization and therefore gets split into dividends for all of their shareholders. Who knows how many there are but it's safe to assume that at least he and his children are shareholders. Barron probably isn't getting any cash right now but his other four kids are. So split 5 ways that million dollars is $200k.
Being that Trump stood to make $400k off his salary, but is donating that to the government, it's insane to say he's profiting off the government.
And don't forget the wild assumptions in this math, going two days a week and never missing a week all year and booking out all of the rooms, which would never be tolerated by members.
originally posted by: Dfairlite
Trump is Not Enriching Himself With Taxpayer Money