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"..for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes" despite reporting income of $1.7 million and estimated net worth of $324 million.
The article doesn't accuse Kushner of breaking any laws, but come on, this is just not right! It highlights the fact that the wealthy in this country benefit from enormous tax advantages that the rest of us don't have recourse to. Republicans have only made this inequity worse. Trump, who campaigned on a populist message, has pushed through tax changes that further enrich himself and his family. This comes on top of the news that Trump fraudulently received hundreds of millions from his father.
From what I have read, he broke no laws. I really cannot fault anyone for following the laws and doing things legally. If anyone has a problem with it they should try and change the tax code not get angry at the people who follow it.
"..for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes" despite reporting income of $1.7 million and estimated net worth of $324 million.
The article doesn't accuse Kushner of breaking any laws, but come on, this is just not right! It highlights the fact that the wealthy in this country benefit from enormous tax advantages that the rest of us don't have recourse to. Republicans have only made this inequity worse. Trump, who campaigned on a populist message, has pushed through tax changes that further enrich himself and his family. This comes on top of the news that Trump fraudulently received hundreds of millions from his father.
Yup the rich and powerful have attorneys to manipulate corporate tax codes to their advantage especially as it applies to real estate dealings. Years ago I recall being put on notice by the IRS for failure to pay taxes on something like 100 bucks interest on my checking account. Life isn't fair.
"..for several years running, Mr. Kushner — President Trump’s son-in-law and a senior White House adviser — appears to have paid almost no federal income taxes" despite reporting income of $1.7 million and estimated net worth of $324 million.
The article doesn't accuse Kushner of breaking any laws, but come on, this is just not right! It highlights the fact that the wealthy in this country benefit from enormous tax advantages that the rest of us don't have recourse to. Republicans have only made this inequity worse. Trump, who campaigned on a populist message, has pushed through tax changes that further enrich himself and his family. This comes on top of the news that Trump fraudulently received hundreds of millions from his father.
I have the NYT blocked by my fake news filter but I'm assuming this article makes no attempt to explain his entire tax situation. The tax code is designed to incentivize taxpayers to put money into productive assets, such as businesses, retirement, charity, and does this by giving reductions for these behaviors. yes, people who make more money are more likely to use these mechanism. that is life its not always fair boo hoo. How much did he or his businesses pay in property taxes, capital gains, sales taxes, use taxes? I'm willing to be he paid plenty overall.
If you read my post, you would see that I stated Kushner did not break any laws. I am not angry at Jared, or even Donald about this. I am angry about our tax code that allows multi-millionaires to escape taxation.
A few years back, the Simpson Bowles commission recommended that we reform our tax system. The recommendation was to lower tax rates, while closing loopholes, in order to make the tax code simpler and fairer in a revenue-neutral fashion. Instead, the republicans have reduced the tax rates while maintaining, or even enhancing, the loopholes for the rich. Ultimately this will cost the average taxpayer more as the deficit explodes.
Meanwhile Buffet maneuvers the tax laws to not pay his real share and Leftists are perfectly fine with it and defend him.
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