Kushner appears to have paid no federal income tax for several years

[Penelope]

Over the past decade, Jared Kushner’s family company has spent billions of dollars buying real estate. His personal stock investments have soared. His net worth has quintupled to almost $324 million.

And yet, for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes, according to confidential financial documents reviewed by The New York Times.

His low tax bills are the result of a common tax-minimizing maneuver that, year after year, generated millions of dollars in losses for Mr. Kushner, according to the documents. But the losses were only on paper — Mr. Kushner and his company did not appear to actually lose any money. The losses were driven by depreciation, a tax benefit that lets real estate investors deduct a portion of the cost of their buildings from their taxable income every year.

In 2015, for example, Mr. Kushner took home $1.7 million in salary and investment gains. But those earnings were swamped by $8.3 million of losses, largely because of “significant depreciation” that Mr. Kushner and his company took on their real estate, according to the documents reviewed by The Times.


Nothing in the documents suggests Mr. Kushner or his company broke the law. A spokesman for Mr.
Kushner’s lawyer said that Mr. Kushner “paid all taxes due.”

In theory, the depreciation provision is supposed to shield real estate developers from having their investments whittled away by wear and tear on their buildings.

The law assumes that buildings’ values decline every year when, in reality, they often gain value. Its enormous flexibility allows real estate investors to determine their own tax bills.

The White House last year championed a sweeping revision of the nation’s tax laws that expanded many of the benefits enjoyed by real estate investors, allowing them to reap even larger deductions.


Jared Kushner Paid No Federal Income Tax for Years, Documents Suggest
---------------------------------------------------
Legal but stupid, they get to write off improvements and then depreciation, which allows them to determine their own taxes.

 

[MarathonMike]

"Documents Suggest....". Another version of the now famous Media tag line "If true.....". Don't you get it yet?

 

[airplanemechanic]

LOL who cares? If what he did was legal change the law don't attack the one who takes advantage of it.

Bill Clinton appears to have raped women.

 

[boedicca]

Over the past decade, Jared Kushner’s family company has spent billions of dollars buying real estate. His personal stock investments have soared. His net worth has quintupled to almost $324 million.

And yet, for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes, according to confidential financial documents reviewed by The New York Times.

His low tax bills are the result of a common tax-minimizing maneuver that, year after year, generated millions of dollars in losses for Mr. Kushner, according to the documents. But the losses were only on paper — Mr. Kushner and his company did not appear to actually lose any money. The losses were driven by depreciation, a tax benefit that lets real estate investors deduct a portion of the cost of their buildings from their taxable income every year.

In 2015, for example, Mr. Kushner took home $1.7 million in salary and investment gains. But those earnings were swamped by $8.3 million of losses, largely because of “significant depreciation” that Mr. Kushner and his company took on their real estate, according to the documents reviewed by The Times.


Nothing in the documents suggests Mr. Kushner or his company broke the law. A spokesman for Mr.
Kushner’s lawyer said that Mr. Kushner “paid all taxes due.”

In theory, the depreciation provision is supposed to shield real estate developers from having their investments whittled away by wear and tear on their buildings.

The law assumes that buildings’ values decline every year when, in reality, they often gain value. Its enormous flexibility allows real estate investors to determine their own tax bills.

The White House last year championed a sweeping revision of the nation’s tax laws that expanded many of the benefits enjoyed by real estate investors, allowing them to reap even larger deductions.


Jared Kushner Paid No Federal Income Tax for Years, Documents Suggest
---------------------------------------------------
Legal but stupid, they get to write off improvements and then depreciation, which allows them to determine their own taxes.

In other words, his taxes were prepared in accordance with the laws passed by Congress.

Good to know!

 

[Rambunctious]

Appears.....

 

[Mr Natural]

Income taxes are for us little people.

 

[Intolerant]

Appears.....

Assume.

 

[Intolerant]

Appears.....

Not quite a gotcha.

 

[airplanemechanic]

Yea but if it turns out to be true.....meaning we just made this shit up but like a clock 2 times a day even a broken one is right......

 

[Defiant1]

Income taxes are for us little people.

Anyone can buy property.

 

[TNHarley]

Our system us so messed up..

 

[airplanemechanic]

In accounting in college 20 years ago we were taught how to depreciate assets over time.

This is not new, liberals do it to.

Get a fucking life.

 

[Dale Smith]

Over the past decade, Jared Kushner’s family company has spent billions of dollars buying real estate. His personal stock investments have soared. His net worth has quintupled to almost $324 million.

And yet, for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes, according to confidential financial documents reviewed by The New York Times.

His low tax bills are the result of a common tax-minimizing maneuver that, year after year, generated millions of dollars in losses for Mr. Kushner, according to the documents. But the losses were only on paper — Mr. Kushner and his company did not appear to actually lose any money. The losses were driven by depreciation, a tax benefit that lets real estate investors deduct a portion of the cost of their buildings from their taxable income every year.

In 2015, for example, Mr. Kushner took home $1.7 million in salary and investment gains. But those earnings were swamped by $8.3 million of losses, largely because of “significant depreciation” that Mr. Kushner and his company took on their real estate, according to the documents reviewed by The Times.


Nothing in the documents suggests Mr. Kushner or his company broke the law. A spokesman for Mr.
Kushner’s lawyer said that Mr. Kushner “paid all taxes due.”

In theory, the depreciation provision is supposed to shield real estate developers from having their investments whittled away by wear and tear on their buildings.

The law assumes that buildings’ values decline every year when, in reality, they often gain value. Its enormous flexibility allows real estate investors to determine their own tax bills.

The White House last year championed a sweeping revision of the nation’s tax laws that expanded many of the benefits enjoyed by real estate investors, allowing them to reap even larger deductions.


Jared Kushner Paid No Federal Income Tax for Years, Documents Suggest
---------------------------------------------------
Legal but stupid, they get to write off improvements and then depreciation, which allows them to determine their own taxes.

Income taxes from bartering ones labor for federal reserve notes of debt has never been constitutional. It does nothing but pay interest on a fiat currency created by an extension of "credit" from banking oligarchs that bribed Woodrow Wilson and enough corrupt congressmen to hold a quorum that passed the Federal Reserve Act on 12-23-1913 while DECENT congressmen were on their way home for Christmas.

Your knowledge of our real history is utterly pathetic.

 

[P@triot]

And yet, for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes, according to confidential financial documents reviewed by The New York Times.

48% of America doesn’t pay federal income taxes. When it’s left-wing parasites, you celebrate. Why is Jared Kushner held to a different standard?

Oh that’s right...because you hate successful people. Envy...such an ugly emotion.

 

[P@triot]

Income taxes are for us little people.

That was Hitlery Clinton’s favorite quote...

 

[Natural Citizen]

Basically, the government thinks they own us, that they own and control 100% of our income, and that they alone control and set the terms for which we may keep a certain percentage of it.

The real unconstitutionality of the income tax is the way they collect it. You're considered guilty until proven innocent. That turns the Constitution completely upside down. They're collecting revenue in a very unconstitutional manner. And you basically have to testify against yourself by filling out forms and whatnot. No due process. And the jury is NEVER informed.

The next time anyone sees some federalist whining about half the population not paying any income taxes, tell them we're half way there.

 

[Toddsterpatriot]

Over the past decade, Jared Kushner’s family company has spent billions of dollars buying real estate. His personal stock investments have soared. His net worth has quintupled to almost $324 million.

And yet, for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes, according to confidential financial documents reviewed by The New York Times.

His low tax bills are the result of a common tax-minimizing maneuver that, year after year, generated millions of dollars in losses for Mr. Kushner, according to the documents. But the losses were only on paper — Mr. Kushner and his company did not appear to actually lose any money. The losses were driven by depreciation, a tax benefit that lets real estate investors deduct a portion of the cost of their buildings from their taxable income every year.

In 2015, for example, Mr. Kushner took home $1.7 million in salary and investment gains. But those earnings were swamped by $8.3 million of losses, largely because of “significant depreciation” that Mr. Kushner and his company took on their real estate, according to the documents reviewed by The Times.


Nothing in the documents suggests Mr. Kushner or his company broke the law. A spokesman for Mr.
Kushner’s lawyer said that Mr. Kushner “paid all taxes due.”

In theory, the depreciation provision is supposed to shield real estate developers from having their investments whittled away by wear and tear on their buildings.

The law assumes that buildings’ values decline every year when, in reality, they often gain value. Its enormous flexibility allows real estate investors to determine their own tax bills.

The White House last year championed a sweeping revision of the nation’s tax laws that expanded many of the benefits enjoyed by real estate investors, allowing them to reap even larger deductions.


Jared Kushner Paid No Federal Income Tax for Years, Documents Suggest
---------------------------------------------------
Legal but stupid, they get to write off improvements and then depreciation, which allows them to determine their own taxes.

His personal stock investments have soared. His net worth has quintupled to almost $324 million.

We don't have a tax on unrealized stock gains.

And yet, for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes, according to confidential financial documents reviewed by The New York Times.

If he had no taxable income, why would he pay income taxes?

 

[airplanemechanic]

Over the past decade, Jared Kushner’s family company has spent billions of dollars buying real estate. His personal stock investments have soared. His net worth has quintupled to almost $324 million.

And yet, for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes, according to confidential financial documents reviewed by The New York Times.

His low tax bills are the result of a common tax-minimizing maneuver that, year after year, generated millions of dollars in losses for Mr. Kushner, according to the documents. But the losses were only on paper — Mr. Kushner and his company did not appear to actually lose any money. The losses were driven by depreciation, a tax benefit that lets real estate investors deduct a portion of the cost of their buildings from their taxable income every year.

In 2015, for example, Mr. Kushner took home $1.7 million in salary and investment gains. But those earnings were swamped by $8.3 million of losses, largely because of “significant depreciation” that Mr. Kushner and his company took on their real estate, according to the documents reviewed by The Times.


Nothing in the documents suggests Mr. Kushner or his company broke the law. A spokesman for Mr.
Kushner’s lawyer said that Mr. Kushner “paid all taxes due.”

In theory, the depreciation provision is supposed to shield real estate developers from having their investments whittled away by wear and tear on their buildings.

The law assumes that buildings’ values decline every year when, in reality, they often gain value. Its enormous flexibility allows real estate investors to determine their own tax bills.

The White House last year championed a sweeping revision of the nation’s tax laws that expanded many of the benefits enjoyed by real estate investors, allowing them to reap even larger deductions.


Jared Kushner Paid No Federal Income Tax for Years, Documents Suggest
---------------------------------------------------
Legal but stupid, they get to write off improvements and then depreciation, which allows them to determine their own taxes.

His personal stock investments have soared. His net worth has quintupled to almost $324 million.

We don't have a tax on unrealized stock gains.

And yet, for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes, according to confidential financial documents reviewed by The New York Times.

If he had no taxable income, why would he pay income taxes?

Cuz cuz cuz he's a Trumpanze!!