2022 Sh + iT = Biden ==========================
Post# of 123717
(Total Views: 188)
Posted On: 11/11/2021 9:42:39 AM
2022 Sh + iT = Biden
============================================================
President Biden and first lady Jill Biden saved up to $500,000 by routing $13 million they received in book sales and speeches in 2017 and 2018 through S corporations, according to a Congressional Research Service report, which drew criticism by at least one Republican.
Rep. Jim Banks, the chair of the Republican Study Committee, lashed out at Biden for calling on the country’s richest to pay their "fair share" to help finance his $2.1 trillion infrastructure plan.
He said in 2017, "multi-millionaire Joe Biden skirted his payroll taxes—the very taxes that fund Medicare and Obamacare. 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 hypocrisy."
Banks said the report indicated that Biden improperly used "S corporations" while he and his wife raked in over $13 million on speaking fees and book sales in 2017 and 2018, but counted less than $800,000 of it as a salary that could be taxed for Medicare.
The CRS report may be new, but the Wall Street Journal reported on Biden’s use of the "tax-code loophole [President] Obama tried to plug."
https://www.foxbusiness.com/politics/multimil...-hypocrisy
============================================================
President Biden and first lady Jill Biden saved up to $500,000 by routing $13 million they received in book sales and speeches in 2017 and 2018 through S corporations, according to a Congressional Research Service report, which drew criticism by at least one Republican.
Rep. Jim Banks, the chair of the Republican Study Committee, lashed out at Biden for calling on the country’s richest to pay their "fair share" to help finance his $2.1 trillion infrastructure plan.
He said in 2017, "multi-millionaire Joe Biden skirted his payroll taxes—the very taxes that fund Medicare and Obamacare. 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 hypocrisy."
Banks said the report indicated that Biden improperly used "S corporations" while he and his wife raked in over $13 million on speaking fees and book sales in 2017 and 2018, but counted less than $800,000 of it as a salary that could be taxed for Medicare.
The CRS report may be new, but the Wall Street Journal reported on Biden’s use of the "tax-code loophole [President] Obama tried to plug."
https://www.foxbusiness.com/politics/multimil...-hypocrisy
(0)
(0)Scroll down for more posts ▼