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Sep 23 - Government report says Biden could owe as much as 500k in back taxes.



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 4 weeks ago '20        #1
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GingerBreadMan  topics gone triple plat - Number 1 spot x17
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Sep 23 - Government report says Biden could owe as much as 500k in back taxes.
 

 

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WASHINGTON — Republicans say a new non-partisan report indicates President Joe Biden improperly avoided paying Medicare taxes before he took office — raising eyebrows and the possibility that he owes the IRS as much as $500,000 in back taxes.

Biden is leading a Democratic push for a $3.5 trillion bill to subsidize childcare, education and health care by targeting tax avoidance and raising tax rates on higher incomes so the rich “pay their fair share.”

A House Ways and Means Committee draft of the bill would end the accounting trick apparently exploited by Biden and boost IRS funding for audits — but the new report, drafted by the Congressional Research Service and provided to The Post, suggests Biden owes taxes under current rules, according to the congressman who requested it.

“Joe Biden wants to raise taxes by $2.1 trillion while claiming the rich need to pay their ‘fair share.’ But in 2017, multi-millionaire Joe Biden skirted his payroll taxes — the very taxes that fund Medicare and Obamacare,” said Rep. Jim Banks (R-Ind.), chairman of the conservative Republican Study Committee.

“According to the criteria CRS provided to my office, he owes the IRS and the American people hundreds of thousands of dollars in back taxes,” Banks said. “Every American should know about Joe Biden’s tax hypocrisy.”

Banks said the report shows Biden improperly used “S corporations” to avoid paying Medicare tax on speaking fees and book sales in 2017 and 2018.

Biden and first lady Jill Biden routed more than $13 million through S corporations and counted less than $800,000 of it as salary eligible for the Medicare tax — exempting the rest from what would have been a 3.8 percent rate, the Wall Street Journal reported.

The CRS report doesn’t name Biden but analyzes cases in which the IRS won a judgment against taxpayers who paid themselves suspiciously low salaries from S corporations and counted most of the revenue as “distributions” exempt from the Medicare tax.
full article in link
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26 comments
 

 4 weeks ago '06        #2
Skateboard T  topics gone triple plat - Number 1 spot x6
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Using a sh*tty tax loophole that needs to be closed doesn’t mean you owe back taxes.

It means you SHOULD owe back taxes.

If our president is willing to raise taxes on himself good for him.
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Top 10 most slapped recently  4 weeks ago '21        #3
outstanding  topics gone triple plat - Number 1 spot x43
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Who cares about another mans finances?

You guys give me snitch vibes
-13   

 4 weeks ago '08        #4
Tredhead 
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Y’all mad about the presidents taxes now lmao what a joke
+6   

 4 weeks ago '19        #5
aaf192020  topics gone triple plat - Number 1 spot x3
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We still don't have Trumps tax returns!
+10   

 4 weeks ago '19        #6
DadeCounty  topics gone triple plat - Number 1 spot x12
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+5   

 4 weeks ago '17        #7
Lazy 
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Slapped for ny post

 4 weeks ago '04        #8
x Tha Arkitek x  topics gone triple plat - Number 1 spot x2
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More political shenanigans. These same Republicans were silent when Trump bragged about using the legal loop-holes to avoid taxes. A Democrat does the same and theirs "outrage". Both parties are just a bunch of political actors who don't really care about their voters or Americans, they just say what's necessary to keep their voters lining up every few years.

Tax payer funded liars and deceivers...stop putting your hope and faith in these people. They're not going to save you
+2   

 4 weeks ago '15        #9
Lord Funkington 
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Man that goal post does not sit still on BX.
+10   

 4 weeks ago '06        #10
daffysm 
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 Tredhead said
Y’all mad about the presidents taxes now lmao what a joke
LOL i literally laughed out loud when I read the headline

 4 weeks ago '05        #11
hbk83 
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This why he was quiet on the Trump tax news ,He was doing the same sh*t
+3   

 4 weeks ago '04        #12
lilguru84 
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Tump was better then this ��
+1   

 4 weeks ago '07        #13
God alone  topics gone triple plat - Number 1 spot x5
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Joe Biden is a racist.
+6   

 4 weeks ago '16        #14
Proveone  topics gone triple plat - Number 1 spot x4
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+8   

 4 weeks ago '17        #15
JacobWatch  topics gone triple plat - Number 1 spot x1
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Lock his bi*ch a*s up!

And I Wanna see everyone of his transactions totaling $600 or more!

+4   

 4 weeks ago '16        #16
Ghostface Killa  topics gone triple plat - Number 1 spot x1
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 JacobWatch said
Lock his bi*ch a*s up!

And I Wanna see everyone of his transactions totaling $600 or more!

That part


How you tryna monitor everybody else taxes and you moving sneaky ya damn self
+5   

 4 weeks ago '10        #17
Trilluminati GA 
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 x Tha Arkitek x said
More political shenanigans. These same Republicans were silent when Trump bragged about using the legal loop-holes to avoid taxes. A Democrat does the same and theirs "outrage". Both parties are just a bunch of political actors who don't really care about their voters or Americans, they just say what's necessary to keep their voters lining up every few years.

Tax payer funded liars and deceivers...stop putting your hope and faith in these people. They're not going to save you
Meant to prop
+1   

 4 weeks ago '10        #18
Trilluminati GA 
Props total: 38640 38 K  Slaps total: 1573 1 K
But he wants to drop 80 billion on the irs to sick on tax payers and watch $600 transactions...str8 twilight zone circus sh*t
+4   

 4 weeks ago '19        #19
MarathonOG 
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 Tredhead said
Y’all mad about the presidents taxes now lmao what a joke
"This"

Plebs pocket watching, again.

Anyone who posts or cares about politics, especially in the sh*t hole that is USA, is a fu*kin mental peasant.

Clowns.

 4 weeks ago '07        #20
authentics 
Props total: 4928 4 K  Slaps total: 556 556
Just like he told us we would get a 2k check if he won and democrats won senate/house...... Run everybody they money Joe

 4 weeks ago '06        #21
imthatinfamous  topics gone triple plat - Number 1 spot x1
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he earned $17.5 million in his 4 years out of office...god only knows how much money he made while in office...he can afford it
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 4 weeks ago '18        #22
Bleequez5900 
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 Skateboard T said
Using a sh*tty tax loophole that needs to be closed doesn’t mean you owe back taxes.

It means you SHOULD owe back taxes.

If our president is willing to raise taxes on himself good for him.
Trump was using this same loophole
+1   

 4 weeks ago '10        #23
Bigg_Slime  topics gone triple plat - Number 1 spot x40
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 Tredhead said
Y’all mad about the presidents taxes now lmao what a joke
4 years of "show trump's taxes"

Dont cry now bi*ches!

+4   

 4 weeks ago '21        #24
2Pac Cares  topics gone triple plat - Number 1 spot x2
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 Bigg_Slime said
4 years of "show trump's taxes"

Dont cry now bi*ches!

The hypocrisy is LIMITLESS
+3   

 4 weeks ago '10        #25
Bigg_Slime  topics gone triple plat - Number 1 spot x40
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 JacobWatch said
Lock his bi*ch a*s up!

And I Wanna see everyone of his transactions totaling $600 or more!






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