President Trump’s tax filings show that since 2015, business has been booming at his Mar-a-Lago club in Palm Beach, Florida, thanks to an influx in new members and an initiation fee increase that went into effect when Trump was inaugurated in January 2017, The New York Times reports, citing Trump tax records covering more than two decades.
The Times found that when Trump announced he was running for president in 2015, Mar-a-Lago became inundated with new members. In 2014, the club earned $664,000 in initiation fees, and that number went up to just under $6 million in 2016; in January 2017, Trump doubled the cost of initiation.
The Internal Revenue Service says that for a business expense to be deducted, it must be “ordinary and necessary.” Business expenses at Mar-a-Lago for 2017 included $109,433 for linens and silver, $197,829 for landscaping, and $210,000 for event photography. The tax returns also