A couple weeks ago, New York Times reported that Jared Kushner “paid little or no income tax from 2009 to 2016.”
President Trump’s son-in-law and his family company have spent billions of dollars buying real estate. His net worth is reported to be almost $324 million. But yet, they have paid almost no federal income taxes.
“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.
Last year, the White House championed revisions of the nation’s tax law that expanded many of the benefits enjoyed by real estate investor, allowing them to take even larger deductions.