Jared Kushner probably hasn’t paid federal income taxes in years: NYT report

Clay Curtis
October 17, 2018

Kushner was a chief executive at the company and still remains an owner despite his senior role in the Trump administration.

Kushner registered an estimated net worth of almost $324 million, bringing home millions in salary and gains from his various investments.

Kushner, whose net worth has soared to nearly $324 million during the last decade, "appears to have paid nearly no federal income taxes", according to confidential financial documents reviewed by The Times.

A New York Times report claims that President Trump's son-in-law Jared Kushner avoided paying federal income taxes for years - and it was all legal. But the losses were only on paper - Mr. Kushner and his company did not appear to actually lose any money. Mr. Harvey said that, assuming the documents accurately reflect information from his tax returns, Mr. Kushner appeared to have paid little or no federal income taxes during at least five of the past eight years. They found that he and his family's NY real-estate firm used a common tax deduction known as depreciation, which is created to protect property owners from an asset's gradual decline in value.

In 2015, Kushner made $1.7 million in salary and investment gains.

Real-estate tax codes allow for companies to report profit losses that cut down on taxes and can even trigger refunds.

Golf capsules: Marc Leishman wins CIMB Classic in Malaysia
Leishman's wife Audrey was diagnosed with acute respiratory distress syndrome and toxic shock syndrome and she almost died.

Peter Mirijanian, a spokesman for Kushner's attorney, Abbe Lowell, said: "He would not respond to assumptions derived from documents that provide an incomplete picture and were 'obtained in violation of the law and standard business confidentiality agreements".

The latest speculations on Kushner's tax payments comes days after the NYT published an investigation, as per which Trump and his siblings are said to have helped their parents hide their wealth by setting up a fictitious corporation and declaring false tax deductions.

The newspaper obtained more than 40 pages of confidential financial documents from a person who has had financial dealings with Kushner and his family.

The New York State Department of Taxation and Finance said after the report that it would open an investigation into Trump's family's wealth, as well as allegations of shady business practices.

The Times said that nothing in the documents suggested illegal activity.

Other reports by

Discuss This Article