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Posted On: 04/10/2024 7:34:51 AM
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Sly & The Family Stone ~ Family Affair 1971 Disco Purrfection Version
https://youtu.be/xag5RKD0VHk?si=aYjYnZoqNvMEEowr
Hunter Biden now faces two trials this summer after judge tossed bid to dismiss tax charges
Hunter Biden is now facing two criminal trials this summer after a federal judge threw out his bid to dismiss a string of tax charges.
In a court ruling on Monday 1 April, US District Judge Mark Scarsi rejected all eight motions filed by attorneys representing President Joe Biden’s son, including the argument that special counsel David Weiss brought the charges due to pressure from the president’s Republican critics.
“Defendant provides no facts indicating that the Government undertook charging decisions in any respect because of public statements by politicians, let alone based on Defendant’s familial and political affiliations,” the judge wrote.
Abbe Lowell, Hunter Biden’s attorney, hit out at the ruling and hinted that he could appeal it.
“We strongly disagree with the court’s decision and will continue to vigorously pursue Mr Biden’s challenges to the abnormal way the special counsel handled this investigation and charged this case,” she said.
The decision has now paved the way for Hunter Biden to head to trial in California on 20 June – just days after his first trial on gun-related charges in Delaware is slated to take place.
Mr Weiss hit Hunter Biden with nine tax-related criminal charges in December.
Prosecutors allege that Hunter Biden made millions of dollars in income between the years 2016 and 2020 and enjoyed a lavish lifestyle of “exotic cars”, “drugs, escorts and girlfriends” – all the while skipping out on more than $1.4m in taxes.
According to the indictment, Hunter “engaged in a four-year scheme to not pay at least $1.4 million in self-assessed federal taxes he owed for tax years 2016 through 2019, from in or about January 2017 through in or about October 15, 2020, and to evade the assessment of taxes for tax year 2018 when he filed false returns in or about February 2020”.
https://sg.news.yahoo.com/hunter-biden-now-fa...08357.html
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Biden saved as much as $500,000 using tax loophole Obama tried to close
Former Vice President Joe Biden saved half-a-million dollars on taxes using a loophole that former President Barack Obama attempted to abolish.
Biden and his wife, Jill Biden, channeled money from book sales and speeches through S corporations rather than claiming to be self-employed, skirting the 3.8% tax, according to tax records released this week and reviewed by the Wall Street Journal. The Bidens saved up to $500,000 with the shuffle.
“There’s no reason for these to be in an S corp — none, other than to save on self-employment tax,” RubinBrown LLP accountant Tony Nitti said after reviewing the tax returns.
Obama proposed cutting the “Gingrich/Edwards” tax loophole, named after former House Speaker Newt Gingrich and former Sen. John Edwards, in the 2015 White House budget proposal.
An S corporation can protect someone from paying payroll taxes into Social Security and Medicare on most of the money that travels through the entity. The S corporation’s owner is still liable for paying distribution taxes.
Biden is the leading contender to challenge President Trump in 2020. He has campaigned on what he says is a fairer tax system, making the wealthy pay more and eliminating tax loopholes.
“We don’t have to punish anybody, including the rich. But everybody should start paying their fair share a little bit. When I’m president, we’re going to have a fairer tax code,” Biden said in a campaign speech last month
https://www.washingtonexaminer.com/news/20817...-to-close/
https://youtu.be/xag5RKD0VHk?si=aYjYnZoqNvMEEowr
Hunter Biden now faces two trials this summer after judge tossed bid to dismiss tax charges
Hunter Biden is now facing two criminal trials this summer after a federal judge threw out his bid to dismiss a string of tax charges.
In a court ruling on Monday 1 April, US District Judge Mark Scarsi rejected all eight motions filed by attorneys representing President Joe Biden’s son, including the argument that special counsel David Weiss brought the charges due to pressure from the president’s Republican critics.
“Defendant provides no facts indicating that the Government undertook charging decisions in any respect because of public statements by politicians, let alone based on Defendant’s familial and political affiliations,” the judge wrote.
Abbe Lowell, Hunter Biden’s attorney, hit out at the ruling and hinted that he could appeal it.
“We strongly disagree with the court’s decision and will continue to vigorously pursue Mr Biden’s challenges to the abnormal way the special counsel handled this investigation and charged this case,” she said.
The decision has now paved the way for Hunter Biden to head to trial in California on 20 June – just days after his first trial on gun-related charges in Delaware is slated to take place.
Mr Weiss hit Hunter Biden with nine tax-related criminal charges in December.
Prosecutors allege that Hunter Biden made millions of dollars in income between the years 2016 and 2020 and enjoyed a lavish lifestyle of “exotic cars”, “drugs, escorts and girlfriends” – all the while skipping out on more than $1.4m in taxes.
According to the indictment, Hunter “engaged in a four-year scheme to not pay at least $1.4 million in self-assessed federal taxes he owed for tax years 2016 through 2019, from in or about January 2017 through in or about October 15, 2020, and to evade the assessment of taxes for tax year 2018 when he filed false returns in or about February 2020”.
https://sg.news.yahoo.com/hunter-biden-now-fa...08357.html
=========================
Biden saved as much as $500,000 using tax loophole Obama tried to close
Former Vice President Joe Biden saved half-a-million dollars on taxes using a loophole that former President Barack Obama attempted to abolish.
Biden and his wife, Jill Biden, channeled money from book sales and speeches through S corporations rather than claiming to be self-employed, skirting the 3.8% tax, according to tax records released this week and reviewed by the Wall Street Journal. The Bidens saved up to $500,000 with the shuffle.
“There’s no reason for these to be in an S corp — none, other than to save on self-employment tax,” RubinBrown LLP accountant Tony Nitti said after reviewing the tax returns.
Obama proposed cutting the “Gingrich/Edwards” tax loophole, named after former House Speaker Newt Gingrich and former Sen. John Edwards, in the 2015 White House budget proposal.
An S corporation can protect someone from paying payroll taxes into Social Security and Medicare on most of the money that travels through the entity. The S corporation’s owner is still liable for paying distribution taxes.
Biden is the leading contender to challenge President Trump in 2020. He has campaigned on what he says is a fairer tax system, making the wealthy pay more and eliminating tax loopholes.
“We don’t have to punish anybody, including the rich. But everybody should start paying their fair share a little bit. When I’m president, we’re going to have a fairer tax code,” Biden said in a campaign speech last month
https://www.washingtonexaminer.com/news/20817...-to-close/
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