{"id":414404,"date":"2021-04-12T14:28:46","date_gmt":"2021-04-12T18:28:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=414404"},"modified":"2021-04-12T14:28:47","modified_gmt":"2021-04-12T18:28:47","slug":"president-trump-did-not-profit-from-market-boom-in-which-he-created-according-to-financial-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/president-trump-did-not-profit-from-market-boom-in-which-he-created-according-to-financial-report\/","title":{"rendered":"President Trump did not profit from market boom in which he created, according to financial report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpresident-trump-did-not-profit-from-market-boom-in-which-he-created-according-to-financial-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=414404&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2397322\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2397322\" class=\"wp-caption-text\">President Donald Trump gives thumbs up as he steps off Air Force One as he arrives Monday, Oct. 8, 2018, at Andrews Air Force Base, Md. (AP Photo\/Alex Brandon)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 11:00 AM PT \u2013 Monday, April 12, 2021<\/h5>\n<p>A <a href=\"https:\/\/www.forbes.com\/sites\/danalexander\/2020\/04\/02\/trumps-net-worth-drops-1-billion-as-coronavirus-infects-the-presidents-business\/?sh=756ca6db727d\">new financial report<\/a> confirmed President Trump\u2019s assertion he not only did not profit off the presidency, but actually grew less wealthy as a result of his service to the American people.<\/p>\n<p>This is according to estimates by Forbes, which were published in their <a href=\"https:\/\/www.forbes.com\/sites\/danalexander\/2021\/04\/06\/donald-trump-tumbles-nearly-300-spots-in-billionaire-ranks\/?sh=38fdf6b17fe1\">annual Billionaires List<\/a> on Tuesday. It assessed his net worth at $2.4 billion, which is down from $3.5 billion in 2017 at the onset of the Trump administration.<\/p>\n<p>That means despite four years of accusations from the left that President Trump was enriching himself from the White House, his time in office actually cost him about 32 percent of his total wealth. This confirms the truth behind his numerous statements on the matter.<\/p>\n<p>\u201cI think I will, in a combination of loss and opportunity, probably it\u2019ll cost me anywhere from three to $5 billion to be President,\u201d he previously stated. \u201cAnd the only thing I care about is this country\u2026couldn\u2019t care less, otherwise.\u201d<\/p>\n<p>Moreover, the analysis performed by Forbes and verified by industry experts also projected that had President Trump sold off all his assets and used the proceeds to invest in the stock market, he would have made himself $1.6 billion richer.<\/p>\n<p>This is due to the thriving stock market overseen by the Trump administration and boosted by a business-friendly overhaul of the U.S. tax code, which was spearheaded by President Trump. According to Forbes, he refused to \u201ccash in on a market boom he helped propel.\u201d<\/p>\n<p>While the Constitution mandates the president receive a salary amount decided by Congress and thus a sitting commander-in-chief cannot legally refuse it outright, President Trump still did not profit.&nbsp; While keeping one of his earliest campaign promises, he donated the totality of his salary, set at $400, 000 a year or $1.6 million over four years, to various government agencies throughout his presidency.<\/p>\n<p>His first quarterly donation was in the amount of $78,333, which Forbes estimated were his post-tax earnings. This was topped off by an \u201canonymous\u201d donor to a total of $100,000, which was the same amount President Trump donated every other quarter of his presidency. This suggests he was not only not taking in a salary, but dipping into his own private funds to pay taxes on that salary then donating the pre-tax amount back.<\/p>\n<p>Yet, despite all those financial losses, President Trump said on repeated occasions he had no regrets over making that sacrifice for the sake of the American people.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/biden-military-budget-tailor-made-for-lobbyist-firm-pine-island-acquisitions-corporation\/\"> Biden military budget tailor-made for lobbyist firm \u2018Pine Island Acquisitions Corporation\u2019<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump gives thumbs up as he steps off Air Force One as he arrives Monday, Oct. 8, 2018, at Andrews Air Force Base, Md. (AP Photo\/Alex Brandon) OAN &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2276034,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-414404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/414404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=414404"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/414404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2276034"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=414404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=414404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=414404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}