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Trump’s Golf Empire Is A Billion-Dollar Tax Shelter
IN SEPTEMBER 2025, staff from an environmental nonprofit descended on Trump National Golf Club in Jupiter, Florida. Over three days, they looked for the kind of things that excite naturalists—bird species, bat calls, plant varieties—then recorded their discoveries in a 180-page report. It barely mentioned the thing they were really looking for: a tax break for Donald Trump. The president needed one, desperately. Trump’s return to the White House, and his eagerness to profit from it, yielded $1.4 billion of crypto earnings in 2025. His real-estate empire supplied more than $200 million on top…
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