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Do Donald Trump's Golf Courses Actually Make Any Money?

How much does Donald Trump earn in a year? During Sunday's debate he said he made $694 million last year, but that's a lie. That figure represents revenue: that is, how much his various enterprises took in. You have to subtract expenses, interest on loans, and so forth to get to net profit, which is what gets passed through to Trump as personal income. Any child running a lemonade stand knows this.
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