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Come On Man! Joe Biden Could Owe as Much as $500,000 in Back Taxes

A recent IRS report announced that 279,000 federal workers and retirees owe Uncle Sam more than $3.4 billion in back taxes.

Yes, the pit bulls that try to ruin Americans’ lives at the IRS, are not paying taxes themselves.

Well oh well, looks like crooked Joe Biden owes a bunch of taxes too.

Unlike the witchhunt for Donald J Trump’s taxes, it looks like Biden, AKA, “The Big Guy,” might have improperly avoided paying taxes.

According to a new report, multi-millionaire Joe Biden could owe as much as $500,000 in back taxes on speaking fees and book sales in 2017 and 2018.

“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-IN), 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,”

“Every American should know about Joe Biden’s tax hypocrisy.”

The New York Post reported:

 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.

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.

Hey wait, let’s now forget about Hunter Biden.

See also  American Citizen Journalist Sitting in Ukraine Prison, State Dept. Confirms, as Biden Begs for Billions More to Protect Ukrainian ‘Freedom’

Joe’s wayward son was hit with a 450,000 tax lien in July 2020 for delinquent state income taxes. A miracle for the unemployed drug attic as he resolved the debt within 6 days.

This story reminded me that America has elected many cooks to the hight office in the land.

The bigger problem is someday a crooked president might just sell our nation out to the highest bidder, then ride off into the sunset with the fake media providing cover.

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