- Joined
- Dec 3, 2017
- Messages
- 26,290
- Reaction score
- 16,771
- Gender
- Male
- Political Leaning
- Progressive
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.
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.