Son-in-law Jared Kushner ‘paid little or no income tax’

Mark Wilson via Getty Images

Kushner stepped down as CEO of Kushner Companies in January 2017 after Trump was sworn in as president.

Jared Kushner has a net worth of nearly $324 million but paid little or no income tax between the years 2009 and 2016, the New York Time reported.

The documents were created with Mr Kushner's cooperation as part of a review of his finances by an institution that was considering lending him money, the Times reported.

The Times spoke to 13 tax accountants and lawyers. "However, always following the advice of numerous attorneys and accountants, Mr. Kushner properly filed and paid all taxes due under the law and regulations". 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.

Current tax law assumes that buildings will undergo standard wear and tear that will lead to a depreciation in their values, and the aforementioned tax benefit exists to protect investors in light of that. And according to the Times, the practice does not appear to be against the law.

The Flash Movie Has Been Pushed Back, Production May Start in 2019
EW knows that timelines can get tricky in the superhero world, so we compiled a complete rundown of the bumpy road for The Flash . In turn, the film would not be likely to appear in theaters until 2021, although an official release date has yet to be released.

Kushner Cos, the family company for which Kushner previously served as chief executive, has been profitable in recent years, the Times said, citing the analysis.

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.

White House and Kushner Companies representatives didn't respond to the Times' requests for comment, the newspaper reported. The newspaper's independent review of the documents did not reveal any wrongdoing on the part of Kushner.

Filings by the Kushner Companies reviewed by The Times show massive losses listed as depreciation, a real estate tax law allowance that allows for a deduction to reduce taxes. However, despite some possible legal recourse, experts said it's unlikely that any investigation would yield significant consequences in the decades-old allegations.

A few days ago, it was said that US President Donald Trump may have helped his parents evade a large amount of tax, after which the New York Tax Department even confirmed that a probe was under way.

Related News:

  • CDC Investigates Cases Of Rare Neurological 'Mystery Illness' In Kids

    The CDC also does not yet know who may be at a higher risk for developing AFM or the long-term consequences of the condition. AFM appears to be seasonal, occurring mostly in the late summer and fall, but appears in greater numbers every other year.
    Liverpool's Sadio Mane reportedly breaks thumb on worldwide  duty

    Liverpool's Sadio Mane reportedly breaks thumb on worldwide duty

    Lallana has been absent since early September after picking up a groin strain while on duty with England. Liverpool defender Virgil van Dijk has been released from Holland's squad due to injury.
    Amal Clooney Targets Donald Trump for Mocking Christine Blasey Ford's Testimony

    Amal Clooney Targets Donald Trump for Mocking Christine Blasey Ford's Testimony

    Brooklyn witches are brewing up a swirl of spells that they plan to unleash on US Supreme Court Justice Brett Kavanaugh . Christine Ford accused him of attempting to rape her resulting in a public hearing.
  • Lionel Scaloni excited by for team's future despite Brazil loss

    Lionel Scaloni excited by for team's future despite Brazil loss

    The pair met most recently in June past year , when Argentina won 1-0 in a friendly in Australia. Those sentiments are echoed by the opposition camp, despite the number of key absentees.
    Insomniac Details Spider-Man PS4 The Heist DLC Ahead of Launch

    Insomniac Details Spider-Man PS4 The Heist DLC Ahead of Launch

    That's considerably lower than the first film's $23.6 million opening, although the budget for the sequel was only $ 35 million . The DLC will include new story missions, crimes, challenges, Trophies, Spider-Man suits, and a new enemy faction.
    Terence Crawford's 12th-round knockout in one stunning photo

    Terence Crawford's 12th-round knockout in one stunning photo

    This was a fight Crawford personally asked for and he is ready to humble the undefeated Arizona based boxer. Crawford retains the Welterweight world title. "I take nothing from him", Benavidez said.
  • Australia Could be the Next Country to Move Its Embassy to Jerusalem

    Political opponents said Mr Morrison's comments were a "deceitful" ploy for votes ahead of a crucial by-election. According to The Sydney Morning Herald , Australian Prime Minister Scott Morrison is considering the move.

    Tara Reid Removed From Plane Over Pre-Flight ''Disturbance''

    In the video above, Reid can be seen speaking with a flight attendant before complying with his request that she exit the plane. As RadarOnline.com has learned, the American Pie star got kicked off a Delta flight this Monday after causing a "disturbance".
    Sri Lanka hero Sanath Jayasuriya charged with breaching ICC anti-corruption code

    Sri Lanka hero Sanath Jayasuriya charged with breaching ICC anti-corruption code

    The world body said it has provided a detailed briefing to the country's president, prime minister and sports minister. He was the first player to score over 12,000 runs and capture more than 300 wickets in ODI cricket.
  • British TV presenter Piers Morgan slammed for mocking Bond's baby carrier

    British TV presenter Piers Morgan slammed for mocking Bond's baby carrier

    Morgan, a father himself, did not stand down or waffle; he maintained that papooses are "ridiculous instruments of emasculation". "Oh 007. not you as well?!", Morgan tweeted , adding the helpful hashtags #papoose and #emasculatedBond .
    They're Back! New 'March of the Migrant' Hondurans Headed to US

    They're Back! New 'March of the Migrant' Hondurans Headed to US

    Trump made a similar threat in April when a caravan of more than 1,200 migrants left Honduras for the U.S. Guatemalan police initially blocked migrants from reaching a customs booth, Reuters images showed.
    Boko Haram makes good on threat, kills another aid worker

    Boko Haram makes good on threat, kills another aid worker

    Information minister Lai Mohammed described the killing as dastardly, inhuman and ungodly. TheCable had reported how Leman was killed on Monday.


Most liked

Hunt continues for missing western Wis. girl after parents found dead
The Barron County Sheriff's Office didn't immediately respond to a call early Tuesday asking about the credibility of the report. The Barron County Sheriff's Office received a 911 call made from a residence on Highway 8 east of Barron shortly before 1 a.m.

Porsche Panamera GTS and Sport Turismo Debut with 453 Horsepower
Large brakes (390 millimetres in diameter at the front, 365 millimetres at the rear) deliver outstanding deceleration. Behind the wheel, there's a heated steering wheel with paddles, Alcantara trim, and plenty of anodised aluminium.

Ohio State Football Star Reacts To Nick Bosa's Decision
Oh, and quarterback Dwayne Haskins is on pace to break virtually every single-season passing record in the Ohio State record book. Bosa is likely to make $30 million or so on his rookie contract.

HMD Global launches the Nokia X7 in China
The camera also supports AI scene detection that can detect between 18 different scene types to optimize your photos. The camera setup has 6P element lens, f/1.8 aperture, OIS, along with dual-LED flash and Carl ZEISS optics.

Elon Musk, Tesla SEC settlement gets federal judge's approval
The tweet claimed "funding secured" as Musk floated the idea of taking the Silicon Valley automaker private at $420 per share. The mercurial American entrepreneur saw Tesla shares drop the next day, closing down some 5 percent.

Leishman storms to US PGA Tour win No.4
Three shots ahead for most of the back nine, he made just one bad mistake, leading to a bogey from the greenside trap at the 13. The Englishman shot an even-par 72 to hold off playing partner Sweden's Alexander Bjork of Sweden by two shots.

Why climate change means beer could become more scarce
Consumption in the United States could decrease by between 1.08 billion and 3.48 billion litres. The focus of the study was to examine how climate change would impact your quality of life.

Epic Games Officially Reveals Fortnite’s In-Game Tournaments
Each tournament will have a target score and players who reach the target will earn an in-game pin to mark the achievement. Anyone that is interested in participating in the tournaments has several opportunities to do so over the next week.

49ers apologize for omitting Kaepernick from gallery celebrating history
Rodgers was 6-of-10 for 104 yards with a touchdown and put kicker Mason Crosby in position for the game-winning field goal. He made the kind of game-changing plays only a healthy Goodwin can make. "You give him a chance at the end".

Woman who refused to let black neighbor into building fired
In an interview Sunday, Toles said he pulled out his phone to record the encounter "because I didn't feel safe in the situation". Then she changed her demeanor and tried to introduce herself as his "neighbor". "Please stop following me".

Palm is back with a teeny, tiny phone for Verizon
This is done by turning off notifications and silencing incoming phone calls when the display of the Palm Phone is turned off. The Palm pairs with Android and iOS , but the Palm wouldn't be able to sync iOS-only apps like Facetime and iMessage.

England hands Spain its first home loss in 15 years
Spain started well but its high defensive line struggled against the speed of England's young forwards. Raheem Sterling scored his first goals for England since October 2015 vs Estonia - 1102 days ago.

Pliskova sets up Tianjin final with Garcia
The 26-year-old Czech would improve her chances by claiming her third title of the season on Sunday. Karolina Pliskova of Czech Republic in action against Aliaksandra Sasnovich of Belarus.

India vs West Indies - Highlights & Stats
India became the second team to win 10 consecutive Test series' at home after Australia with the series win over West Indies . Jason Holder became the first pacer to make a 50-plus score and take a 5-for against India in India after nearly 35 years.

Every phone needs this genius Huawei Mate 20 Pro feature
Although we don't officially know everything Huawei will unveil, we do know it'll be the Mate 20 and Mate 20 Pro . However a render appeared to show the headphones being charged while sitting on the Mate 20 Pro's rear panel.