Jared Kushner hasn’t paid federal income taxes in years: New York Times
Although Jared Kushner’s net worth has quintupled to nearly $324 million in the last decade, he appears to have dodged federal income taxes for several years now, according to a New York Times investigation published Saturday. Kushner, a senior White House adviser and President Trump’s son-in-law, managed to avoid hefty tax bills thanks to millions of dollars in losses he recorded. Those losses stemmed from depreciation on Kushner and his company’s real-estate holdings. The New York Times [S: NYT] based its findings on confidential financial documents it obtained. Earlier this month, another New York Times investigation alleged that President Trump received at least $413 million from his father’s real estate empire, contradicting the president’s claims that he built his business on just a $1 million loan from his father.