Just days after President Joe Biden claimed rich people were cheating on their taxes and he needed crippling new tax hikes to catch them, a report reveals Biden may have evaded a half-million dollars in taxes.
A Congressional Research Service report, which does not mention Biden by name, reveals he and wife Jill Biden used a “S corporation” to avoid paying nearly $500,000 in self-employment taxes made of the $13 million they made in 2017 and 2018 from speeches and book sales.
Despite making $13 million, by claiming they were a “S corporation” only $800,000 of it was reported as income subject to taxation for Medicare and other employment taxes.
The revelation comes as Democrats propose spending $80 billion to deputize 87,000 new IRS agents to spy on every financial transaction in the US of more than $600, supposedly to close a “tax gap” caused by wealthy people hiding funds.
“Joe Biden wants to raise taxes by $2.1 trillion while claiming the rich need to pay their ‘fair share.’ But in 2017, multimillionaire Joe Biden skirted his payroll taxes — the very taxes that fund Medicare and ObamaCare,” Rep. Jim Banks, (R-IN,) tells The New York Post.
“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,” said Banks. “Every American should know about Joe Biden’s tax hypocrisy.
The opinions expressed by columnists are their own and do not necessarily represent the views of AmericanActionNews.com
So, start a GO FUND ME for Numb Nuts. Do we have to think of everything?
Dementia Joe, pay your fair share before telling country to pay more. “F Biden
Lock him up permanently!
What will that ever happen? Time and again he is proven to be one of the worst criminals.
But he never gets charged , WHY?
Newsom is a CATHOLIC traitor. Biden is a CATHOLIC traitor. Milley is a CATHOLIC traitor. Pelosi is a CATHOLIC traitor. SCOTUS is now CATHOLIC. McConnell is a CATHOLIC traitor. Blinkin (state) is a CATHOLIC traitor. This is the entire top of the USA govt! In addition, the FBI is CATHOLIC!
Have you ever heard of a CATHOLIC “C” natioHave you evern that has not overspent?
Have you ever heard of a CATHOLIC “C” nation that is not corrupt?
Have you ever heard of a CATHOLIC “ C” nation that has honest elections?
Have you ever heard of a CATHOLIC “C” nation that is successful?
Have you ever heard of a CATHOLIC “C’’ nation where the populace is educated?
Have you ever heard of a CATHOLIC “C” nation that does not need to ‘export’ the illiterate ILLEGAL ALIEN CATHOLIC “C” INVADERS?
All the above proves a thousand years of exactly 100% FAILURE. Do not vote for FAILURE!
Vote for ANY CATHOLIC “C” and you vote for a traitor.
Vote for ANY CATHOLIC “C” and the borders will never be secured.
In a crazy house
time for jail joe,