It was recently revealed that President Trump’s son-in-law and senior adviser, Jared Kushner, reportedly paid almost nothing in federal income taxes for years. Kushner is estimated to have a net worth of almost $324 million.Makes you wonder how, right
Kushner’s confidential financial documents were reviewed last week and revealed that he used a loophole to avoid paying taxes. Kushner didn’t technically break the law, according to Business Insider:
He and his family’s New York real-estate firm used a common tax deduction known as depreciation, which is designed to protect property owners from an asset’s gradual decline in value.
It’s not illegal, but does make me wonder why someone making millions of dollars every year doesn’t have to pay taxes, but I do.