Jared Kushner 'likely' paid little or no income taxes for years - NYTimes

Taxes in the USA aren't on a family. They are on an individual (or husband+wife) if they choose to file "jointly."

When you own a business, it is very possible to control your personal income. I do. It makes sense not to show any income many years.

You can have increases in wealth, but no income pretty easily if most of the income you might have is in appreciation of capital items or included in your retirement portfolio. Items held in a Roth-IRA which appreciate and are sold don't cause any taxable event. If the items are in non-retirement holding, until you sell, there isn't any taxable transaction and that is if you personally own the asset. Kushner would have a company own those assets, so the company would have multiple options for limiting/reducing taxes. All perfectly legal.

Everyone should pay their fair share of taxes, but not 1 penny more. It isn't like he's moved the money offshore trying to hide it.

The Times report said that nothing in the documents reviewed "suggests Mr. Kushner or his company broke the law."

But none of this helps with nepotism shown by President Trump. Kushner should be still be working in real estate, not govt.

I doubt it’s anything illegal. The rich often find ways around taxes that the working class doesn’t have access to.

Bush: In fact they bought it at a loss, therefore they are exempt from taxes.

You are confusing personal income and corporate income. Kushner could have personally made a profit while the building was a loss for the corporation.

Trump does that a lot. He pays himself large management fees and walks away if the building isn’t profitable, leaving the investors holding the bag.

They bought the 41 story tower at 666 5th ave in New York.

No surprise there then.

I wish govts would its people "incorporate" so we could avail ourselves of the same loopholes used by the rich & big biz, but then hardly anyone would be paying taxes!!

Clearly in the west many of these loopholes should have been closed DECADES ago, well its pay now or pay later, seems the west is going for the later BIG TIME!

You can’t touch him.

Rich man avoids tax.

Fancy that.

The swamp is alive and thriving.

He might have done something that isn’t illegal even if he did. Why is this worldwide news again? Oh yeah Orange Man bad.

Every game has rules. If you know the rules, you can succeed at the game. If you are ignorant of the rules, then you will likely not succeed.

In the USA, anyone can create an LLC for $50 and move assets into that legal entity for all sorts of purposes.

Taxes are the largest expense for most people, so learning as much about tax laws is more important than the time wasted on sports or picking out a new car or doing almost anything else besides things directly related to earning income. Income can be from labor, appreciation of assets, or inheritance. Each is taxed differently. Inheritance is taxed differently in every state, so be selective about where you live!

Why is this worldwide news again? Oh yeah Orange Man bad.

Why? Because the media has run out of scandals they can run by the people? Everything else failed, so they hope maybe people might be outraged about this next attempt.

At least he didn't send classified material on emails from an unencrypted server endangering national security.

Once again, rich privileged people are lauded for their tax dodges. But if you're a struggling working class person or single parent - you're mooching and deserve to be punished.

What a joyous situation.

At least he didn't send classified material on emails from an unencrypted server endangering national security.

Not aware that anything in Hillary's emails endangered national security.

And the investor class of the GOP convinced the working class GOP to give them a massive tax cut. I guess that was just for the rich who don't bother with an accountant.

"Cheating" -- it is the tried and true Trump way. And NO, it is not "clever." It is CRIMINAL.

Once again, rich privileged people are lauded for their tax dodges. But if you're a struggling working class person or single parent - you're mooching and deserve to be punished.

What a joyous situation.

That’s life, sad, but nothing you can do.

If he does not commit crimes and then it was legal.

Why left wing media is attacking someone who does not commit any crimes?

That’s life, sad, but nothing you can do.

This is why I'm considering joining the GOP.

This is why I'm considering joining the GOP.

Great move!

Tax laws don't care about your political affiliation. Never confuse legal requirements from moral requirements. One is the same for everyone in the jurisdiction and the other is different for every individual in the world, based on their personal compass.

Why people complaining about the high taxes on the rich when much of the rich aren't even paying that amount