Trump's Financial Disclosure: It's the Largest! Incredible! Greatest! Finest! Iconic! He's PROUD!

“I filed my PFD, which I am proud to say is the largest in the history of the FEC,” Trump said on Tuesday. “I have built an incredible company and have accumulated one of the greatest portfolios of real estate assets, many of which are considered to be among the finest and most iconic properties in the world. This is the kind of thinking the country needs.”

While Trump’s iconic (but relatively modest) real estate portfolio hasn’t actually allowed him to claim membership in the top tier of major New York real estate developers for decades now -- based on the square footage or value of the properties he’s owned and brought to market -- the new personal finance disclosure did give him the opportunity to put more public clothing on his finances.

What were the “incredible” numbers the presumptive Republican presidential nominee disclosed in the new filing? More than $557 million in “income,” up from $362 million he disclosed in an FEC document filed last July. Hold on, though.

In a press release, the Trump team also described that $557 million as “revenue.” To be clear, “income” is meant to be the amount of money Trump puts in his own pocket each year and “revenue" is the amount of money his businesses pull in (before expenses and other goodies that reside above the bottom line). As he did in his July release, Trump appears to be conflating income and revenue in his public disclosures.

https://www.bloomberg.com/view/articles/2016-05-20/trump-s-financial-report-that-s-rich