A successful businessman makes a profit and makes a contribution to society.
Profits are taxable...
What Trump does is
1.) Pays himself no salary on the few companies that are profitable (the Trump name license). That means he owes the government as little tax as possible on these companies and relies on loans and capital gains instead of a salary.
2) Then he pays himself a massive salary on the companies that make a loss, so the government owes him tax. (At least while that company exists, before being taken bankrupt after defaulting on debts to the suppliers that are real companies, that have to be written off as losses).
So he steals from the government and ethical companies.
He is a conman that has used his family name to get away with things that other people would not be able to. Trump is a con man that plays the system. No one has been involved in more bankruptcies than Trump.
He actually has hundreds of companies, but that is just for accounting and tax fraud purposes.
Shift all the costs to them, and make them bust once their debts are high. Then create a shell company.
Donald Trump loves to talk big about how great he is at business. His record says otherwise.
Trump’s failed businesses:
1. Trump Steaks
2. GoTrump
3. Trump Airlines
4. Trump Vodka
5. Trump Mortgage
6. Trump: The Game
7. Trump Magazine
8. Trump University
9. Trump Ice
10. The New Jersey Generals
11. Tour de Trump
12. Trump Network
13. Trumped!
Trump companies that sought bankruptcy protection:
1. Trump Taj Mahal
2. Trump’s Castle
3. Trump Plaza Casinos
4. Trump Plaza Hotel
5. Trump Hotels and Casinos Resorts
6. Trump Entertainment Resorts
Business bankruptcies[edit]
Further information:
Legal affairs of Donald Trump § Use of bankruptcy lawsAlthough Trump has never filed for personal bankruptcy, hotels and casino businesses of his have declared bankruptcy[56] six times between 1991 and 2009 due to its inability to meet required payments and to re-negotiate debt with banks, owners of stock and bonds and various small businesses (unsecured creditors).[57][58]
Because the businesses used Chapter 11 bankruptcy, they were allowed to operate while negotiations proceeded. Trump was quoted by Newsweek in 2011 saying, "I do play with the bankruptcy laws—they're very good for me."[59][60]
The six bankruptcies were the result of over-leveraged hotel and casino businesses in Atlantic City and New York: Trump Taj Mahal (1991), Trump Plaza Hotel and Casino (1992), Plaza Hotel (1992), Trump Castle Hotel and Casino (1992), Trump Hotels and Casino Resorts (2004), and Trump Entertainment Resorts (2009).[56][61][62]
Trump said "I've used the laws of this country to pare debt. ... We'll have the company. We'll throw it into a chapter. We'll negotiate with the banks. We'll make a fantastic deal. You know, it's like on The Apprentice. It's not personal. It's just business."[50]
----------------------------