Joe Biden Used Tax-Code Loophole Obama Tried to Pl
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Posted On: 03/01/2022 9:50:36 PM
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Joe Biden Used Tax-Code Loophole Obama Tried to Plug
Former vice president structured his speaking, writing business in a way that cut his tax bill
Democratic presidential candidate Joe Biden used a tax loophole that the Obama administration tried and failed to close, substantially lowering his tax bill.
Mr. Biden and his wife, Dr. Jill Biden, routed their book and speech income through S corporations, according to tax returns the couple released this week. They paid income taxes on those profits, but the strategy let the couple avoid the 3.8% self-employment tax they would have paid had they been compensated directly instead of through the S corporations.
https://www.wsj.com/articles/joe-biden-used-t...1562779300
Biden is a Fucking LIAR
In 10 years people will be working for pennies there will be 5 Million new Americans at the end of 2020 and at least 25% or more will be drawing some kind of government subsidy
Former vice president structured his speaking, writing business in a way that cut his tax bill
Democratic presidential candidate Joe Biden used a tax loophole that the Obama administration tried and failed to close, substantially lowering his tax bill.
Mr. Biden and his wife, Dr. Jill Biden, routed their book and speech income through S corporations, according to tax returns the couple released this week. They paid income taxes on those profits, but the strategy let the couple avoid the 3.8% self-employment tax they would have paid had they been compensated directly instead of through the S corporations.
https://www.wsj.com/articles/joe-biden-used-t...1562779300
Biden is a Fucking LIAR
In 10 years people will be working for pennies there will be 5 Million new Americans at the end of 2020 and at least 25% or more will be drawing some kind of government subsidy
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