TRUMP is a low class merchant Web of LLCs Obscures His Business Interests

How Donald Trump’s Web of LLCs Obscures His Business Interests

The House Freedom Party used to be called The Tea Party  which was originally called The American League

The Culture of Celebrity – Highbrow, Lowbrow, Nobrow!
Nobrow: that the distinction between high culture and low culture has collapsed, making the idea of highbrow and lowbrow absurd. “Culture” is no longer.

“Behind every great fortune there is a great crime”

The opacity of his holdings makes it impossible to gauge the full extent of potential conflict LLCs registered in Delaware are widely used for real estate because of their tax advantages. They can allow income and costs to be “passed through” to the owner and then used to offset other profits or losses, rather than the entity itself having to pay tax. Unlike publicly traded companies, Delaware LLCs don’t have to publish any financial information or even disclose the identity of the owner. In addition, the most a member of an LLC can lose if the company fails is normally the amount he or she has invested in that company—unless there is a personal guarantee.
President-elect Donald Trump owns a helicopter in Scotland. To be more precise, he has a revocable trust that owns 99% of a Delaware limited liability company that owns 99% of another Delaware LLC that owns a Scottish limited company that owns another Scottish company that owns the 26-year-old Sikorsky S-76B helicopter, emblazoned with a red “TRUMP” on the side of its fuselage. Fifteen entities, for example, are used to hold his interests in two airplanes and three helicopters. Roughly half—at least $304 million—of the revenue Mr. Trump reported in a federal financial disclosure form earlier this year came from assets held in 96 different LLCs. Mr. Trump’s wealth is impossible to measure with precision. His financial disclosure form isn’t externally audited and—following government rules—often uses bands, such as more than $50 million, rather than exact amounts to report assets and revenue or income.




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