Jared Kushner Likely Paid 'Almost No Federal Income Taxes' for Years


The White House senior adviser and former chief of Kushner Companies may have paid little, if any, federal income tax for years between 2009 and 2016, according to documents obtained by the New York Times that show Kushner's businesses, earnings, expenses, debt obligations and some information from his federal tax filings.

A panel of 13 attorneys and tax accountants reviewed the documents and concluded that Kushner paid "little or no" federal income taxes in five of the eight years - and only slightly more in the other three.

Tax bills reviewed by the publication reveal what the Times calls a "common tax-minimizing maneuver" that allowed Kushner and his real estate firm, Kushner Companies, to mark losses on paper without actually losing any money.

The federal tax law on depreciation, "often represents a lucrative giveaway to developers like Mr. Trump and Mr. Kushner".

But the documents seen by the expert panel provided an incomplete look at Kushner's business dealings and tax payments, Lowell's spokesman contended.

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These documents were shared, as the Times says, by "a person who has had financial dealings with Mr. Kushner and his family".

The newspaper noted that the 2017 tax rewrite signed by Trump includes provisions that benefit real estate investors.

Documents released by the White House in June showed Kushner held assets worth at least $181 million, the Associated Press reported.

Mirijanian said that on tax reform efforts, Kushner "followed his approved ethics agreement and has avoided work that would pose any conflict of interest".