Jared Kushner, US President Donald Trump’s son-in-law, has apparently for years avoided paying much taxes, according to a report.
According to an article published on Saturday in the New York Times (NYT), Kushner, who also a senior White House adviser, probably paid little or no income tax for several years running.
Kushner is worth more than $300 million and has earned millions off his family’s real-estate holdings, but has paid little in taxes, NYT reported after reviewing confidential financial documents.
The article said Kushner may have paid almost no federal income taxes from 2009 to 2016. He was able to avoid paying taxes by reporting the depreciation os his real estate holdings, a widely used tax break that is designed to account for the damage properties incur over time.
The article said Kushner earned $1.7 million in salary in 2015 and offset that income with more than $8.3 million in losses written off as a…