Jared Kushner may have dodged paying federal taxes for years

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Jared Kushner, U.S. President Donald Trump's son-in-law and special advisor, appears to have paid no federal income taxes for several years, according to confidential financial documents, The New York Times reported on Saturday.

Kushner, whose net worth has soared to nearly $324 million during the last decade, "appears to have paid nearly no federal income taxes", according to confidential financial documents reviewed by The Times. Kushner did not break the law, however, when he marked his losses through depreciation, a tax benefit that allowed his company to deduct a portion of the cost of its buildings from its taxable income each year.

Thirteen tax accountants and lawyers analyzed the documents for the report.

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These documents were shared, as the Times says, by "a person who has had financial dealings with Mr. Kushner and his family".

The documents reviewed by The Times describe his business dealings, earnings, expenses and borrowing from 2009 to 2016, and contain details from Kushner's federal tax filings.

"Mr. Kushner properly filed and paid all taxes due under the law and regulations", a spokesman for his lawyer, Abbe Lowell, said. The paper said that for most of the years covered, both were listed as zero, but in 2013 Kushner reported income taxes payable of $1.1 million. Richard Harvey Jr., a tax official that worked in numerous White House administrations, reviewed the tax documents as well.

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Kushner registered an estimated net worth of almost $324 million, bringing home millions in salary and gains from his various investments.

Mirijanian said that on tax reform efforts, Kushner "followed his approved ethics agreement and has avoided work that would pose any conflict of interest".

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