How Trump has made his money/Carlos Pueblo

 How Trump has made his money/Carlos Pueblo

Trump has inherited a lot of money from his father at the beginning, first of all. He has filed bankruptcies many times while doing his real estate business and yet still has accumulated a fortune and we don't know how and why he can make it so easy. He has been out of the White House for more than a year yet still very popular, more popular than the current President in the news and we don't know why and how. I have been a small sales in insurance and I know the definition of a good will in business. You can't have a bad name yet still maintain a prosperous business. He has agitated more than 50% of the U.S. population and yet still claims that he is a rich person, one of the richest in the world. I don't know why and how.

It is in the real estate business the casino for example. He built a casino from the scratch and ran for a while and stopped his payment filed for bankruptcy. Carl Icahn bought it and failed again. Once you filed for a bankruptcy, it should be zero at the time to get away from the debt. Icahn bought it with a value, then it is a gain and a gain is subject to be taxed. The tax law must be fair and clear. He must do some cooking while he possessed loans and profited very much to accumulate his asset as well as his life style. This is why the New York State Attorney General Office is investigating him and his company for his tax evasion.

A current news report is about Trump Political Action Group leasing an office space at Trump Tower paying rent for $37,000 a month. It is very interesting like his charity foundation with lots of fishy accounting methods. People like to see how he write off his payment to a stripe star for sex, $130,000. Cohen paid first with his money and Trump paid him back monthly as his attorney fees. Many people have questioned such deduction; therefore, people like to see his tax reports to know how a billionaire pays no income tax for more than 10 years.

Trump is very popular for a group of supporters, almost 50% of the U.S. population; therefore, many politicians need his endorsement to run a position in the office. I don't think that is free for Trump to endorse him. Every position in office in his mind has a price. It is how he makes his money.