The creative accounting that allowed Jared Kushner to dodge paying income taxes is totally legal

[The Purge]

it seems strange that using depreciation/amortization expense to write off one’s taxes is suddenly newsworthy, forgive me....And If it’s legal he didn’t “dodge” anything!!

A Saturday report from The New York Times found Jared Kushner, President Donald Trump's son-in-law and senior adviser, paid little to no federal income taxes from 2009 to 2016 using legal tax mechanisms.

An IRS policy known as depreciation is a deduction Kushner Cos. used to diminish its taxable income on properties largely bought with borrowed money.

Though not illegal, the filings show how real estate tax codes leave room for profitable maneuvering.

The New York Times found Jared Kushner, President Donald Trump's son-in-law and senior adviser, paid little to no federal income taxes from 2009 to 2016 — without breaking the law.

Read more at businessinsider.com ..

 

[WheelieAddict]

The real wellfare queens, trump is one of the biggest.

 

[Anathema]

The real wellfare queens, trump is one of the biggest.

I’m in favor of anything that takes money out of the hands of Government legally.

 

[Freiheit]

Avoid taxes, use every legal means to keep your money. More power to Kushner and those smart enough to use the system to their advantage.

 

[theHawk]

What’s funny is these morons on the left think that only Republicans use tax laws to pay less taxes.

 

[MarathonMike]

When you create a 70,000 page tax code, you have given highly paid tax lawyers all the tools they need to "legally" reduce tax liabilities for their wealthy clients. That is what the Trumps have done, just as you or I would do if we were billionaires and had the real estate holdings they have.