there certainly seems to be something very wrong with this system. That being said, what I want to know is how to play. Seems to me it is something everyone needs to know. If you can earn $1.7 million, claim a loss of $8.3 million (without really losing a dime) and receive a $4000 tax refund rather than pay income tax, and do it all legally and with the blessing of the IRS, that is something everyone should aspire to learn how to do. Here’s an example from 2015. Income W-2 income: $198,000. Taxable interest: $536,000. Dividends: $1,000. Capital gains: $974,000. Deductions Tax losses from real estate and other partnerships: $3.5 million. Tax losses carried forward from previous years: $4.8 million. Total adjusted gross income Negative $6.6 million. Tax refund $4,000. NYT Reveals Kushner’s Tax Records: Here Is How He Avoided Paying Taxes For Years by Tyler Durden Sat, 10/13/2018...