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NYT: Kushner paid almost nothing in taxes thanks to business tax break

Tom Horn said:
Is he Seneca? If not, I doubt it.
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Yeah you're definitely a cousin, thank you for conceding that. I'm sorry though that you're related.
 
JacksinPA said:
https://thehill.com/policy/finance/...nothing-in-taxes-thanks-to-business-tax-break

Jared Kushner, a senior White House adviser and President Trump’s son-in-law, appears to have dramatically reduced his tax bills in recent years by using a legal tax break known as depreciation, according to The New York Times.

Kushner is worth more than $300 million and has earned millions off his family’s real-estate holdings but has paid little in taxes, the Times reported Saturday after obtaining confidential financial documents.

The report concluded that he appeared to have paid almost no federal income taxes for several years running.
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This is one way the rich get richer.
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And the Reichwing minions rejoiced because one day they TOO will pay no taxes! Oh wait. When you're on food stamps and other public aid you get more from taxes than you pay.
 
Praxas said:
Neither did Hillary Clinton, go chew on that one. :lamo
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I try to stay away from whataboutism. It's bad for my health.
 
upsideguy said:
Actually, they just changed the law..... to be far more favorable to real estate owners and developers. Its good/profitable to be the king.
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It's great to live in a free country.
 
Mycroft said:
I try to stay away from whataboutism. It's bad for my health.
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No, you try to stay away from the truth because you are allergic to it.
 
JacksinPA said:
https://thehill.com/policy/finance/...nothing-in-taxes-thanks-to-business-tax-break

Jared Kushner, a senior White House adviser and President Trump’s son-in-law, appears to have dramatically reduced his tax bills in recent years by using a legal tax break known as depreciation, according to The New York Times.

Kushner is worth more than $300 million and has earned millions off his family’s real-estate holdings but has paid little in taxes, the Times reported Saturday after obtaining confidential financial documents.

The report concluded that he appeared to have paid almost no federal income taxes for several years running.
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This is one way the rich get richer.
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...with liberty and justice for all, and special treatment for some. Gotta love it. We have the government we deserve.
 
JacksinPA said:
https://thehill.com/policy/finance/...nothing-in-taxes-thanks-to-business-tax-break

Jared Kushner, a senior White House adviser and President Trump’s son-in-law, appears to have dramatically reduced his tax bills in recent years by using a legal tax break known as depreciation, according to The New York Times.

Kushner is worth more than $300 million and has earned millions off his family’s real-estate holdings but has paid little in taxes, the Times reported Saturday after obtaining confidential financial documents.

The report concluded that he appeared to have paid almost no federal income taxes for several years running.
===========================================
This is one way the rich get richer.
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One question

Did he break the law, or follow it?
 
BRubble said:
What point are you trying to make? Are you jealous?
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Complaining that someone who is worth $300 million has never paid taxes isn't jealousy, it's outrage that the laws, written by Congress indebted to the rich, rig the tax code in their favor.
Tom Horn said:
How ****ing stupid can all you liberals be? Everything gets depreciated yearly.
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That's only because the tax-law was written that way due to the influence of wealthy real estate moguls. Nobody can honestly claim that a Manhattan residential building should be depreciated while the value of that same building rises each year. The moguls want it both ways -- they want to depreciate the building asset while also benefiting from the appreciation of the same asset.

The fact that Kushner, who is richer than anyone here, can get away with not paying any taxes is an indictment of the tilted and unfair tax system that benefits the rich. The fact that people argue on these pages that there is nothing wrong with that, shows how the right-wing propaganda machine has been successfully indoctrinating useful idiots.
 
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JacksinPA said:
https://thehill.com/policy/finance/...nothing-in-taxes-thanks-to-business-tax-break

Jared Kushner, a senior White House adviser and President Trump’s son-in-law, appears to have dramatically reduced his tax bills in recent years by using a legal tax break known as depreciation, according to The New York Times.

Kushner is worth more than $300 million and has earned millions off his family’s real-estate holdings but has paid little in taxes, the Times reported Saturday after obtaining confidential financial documents.

The report concluded that he appeared to have paid almost no federal income taxes for several years running.
===========================================
This is one way the rich get richer.
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Please point to the moron,rich or middle class that pays more than he/she should. Certainly hope you don't take the deductions allowed.
 
I've never studied tax law or economics but in most urban areas the value of real estate & commercial properties appreciates, or gains in value, over time. Unless you're living in a near-ghost town in the Midwest, your investments are going to increase in value over time, not depreciate, or decrease in value, over time. So why should Kushner, who sits on hundreds of millions of dollar in real estate, benefit on his taxes when his properties are only becoming more valuable? There's something out of whack here.
 
upsideguy said:
Actually, they just changed the law..... to be far more favorable to real estate owners and developers. Its (sic) good/profitable to be the king.
apdst said:
It's great to live in a free country.
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Why do feel a need to shill for the rich, who pay lobbyists and lawyers to do represent their interests? Even you must see the unfairness of rich people paying no taxes, while working people struggle and must pay their taxes.

And no, the country is only "free" to those rich people who pay no taxes. The taxes that they don't pay must be made up by the rest of us.


"Only the little people pay taxes" -- Real Estate billionaire, Leona Helmsley
 
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JacksinPA said:
I've never studied tax law or economics but in most urban areas the value of real estate & commercial properties appreciates, or gains in value, over time. Unless you're living in a near-ghost town in the Midwest, your investments are going to increase in value over time, not depreciate, or decrease in value, over time. So why should Kushner, who sits on hundreds of millions of dollar in real estate, benefit on his taxes when his properties are only becoming more valuable? There's something out of whack here.
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You don't understand the laws but are sure something is amiss.....

Argument from Incredulity....
 
Fledermaus said:
You don't understand the laws but are sure something is amiss.....

Argument from Incredulity....
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If you say so: The rich property owners who make the gains pay less taxes than everyone else. Must be great to be a RED.
 
gdgyva said:
One question

Did he break the law, or follow it?
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No. He took advantage of tax laws written by REDS to benefit REDS. Nothing wrong here?
 
Thoreau72 said:
...with liberty and justice for all, and special treatment for some. Gotta love it. We have the government we deserve.
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We have become the same type of oligocracy as they Have in Russia: to the favored go the riches on the backs of the rest of us.
 
Fledermaus said:
Depreciation on assets has been going on for decades...

Is it that THIS person used deductions that bothers you?
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No. What bothers me is that the laws make sense only to the rich.
 
Fledermaus said:
TRANSLATION : He legally used accepted deductions.
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If you didn't understand my analysis of what's wrong with this cockeyed system than I'm just going to skip over your posts from now on.
 
JacksinPA said:
https://thehill.com/policy/finance/...nothing-in-taxes-thanks-to-business-tax-break

Jared Kushner, a senior White House adviser and President Trump’s son-in-law, appears to have dramatically reduced his tax bills in recent years by using a legal tax break known as depreciation, according to The New York Times.

Kushner is worth more than $300 million and has earned millions off his family’s real-estate holdings but has paid little in taxes, the Times reported Saturday after obtaining confidential financial documents.

The report concluded that he appeared to have paid almost no federal income taxes for several years running.
===========================================
This is one way the rich get richer.
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https://www.nytimes.com/2018/10/13/...tion=click&module=RelatedLinks&pgtype=Article

According to the article he paid 1.2 million in taxes in 2013. Thats hardly a little. Hes paid more taxes in one year than most people have paid in their entire life. If anything he overpaid his share. And we need to simplify taxes and get rid of all these different treatments and taxes, credits, deductions, and business taxes. One simple tax rate on wages, and done.
 
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