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Message
Joe Biden Exploited S-Corporation Loophole to Avoid Payroll Tax
Posted on 9/28/20 at 11:00 am
Posted on 9/28/20 at 11:00 am
Remember when the NY Times did and ex-po-zay on this story?
Me neither.
Once again the sleazoid MSM is trying to alter the outcome of the election in favor of the Left.
breitbart
Me neither.
Once again the sleazoid MSM is trying to alter the outcome of the election in favor of the Left.
quote:
The establishment media is all aflutter Monday after a New York Times story over the weekend about incumbent GOP President Donald Trump’s tax records, but it turns out Democrat candidate former Vice President Joe Biden used a series of tax code loopholes to avoid paying hundreds of thousands of dollars in taxes over the years.
Back in August, the Wall Street Journal’s Chris Jacobs exposed how the Biden family structured what is called an “S-Corp” to avoid paying hundreds of thousands of dollars in taxes.
“How the Bidens Dodged the Payroll Tax,” was Jacobs’ headline on Aug. 10.
In it, the Journal details how the Bidens set up an S-Corporation to avoid paying more than half a million dollars in taxes they would have otherwise owed.
breitbart
This post was edited on 9/28/20 at 11:05 am
6
Posted on 9/28/20 at 11:02 am to Frank Black
That's a good way to get audited.
Funny how the President is constantly being audited while Joe cheats on his taxes and gets away with it.
Funny how the President is constantly being audited while Joe cheats on his taxes and gets away with it.
Posted on 9/28/20 at 11:03 am to Frank Black
HAHAHAHAHAHAHAHAHA!
He "exploited S-Corporation Loophole?"
This Trump-taxes story seems to have really hit a nerve. There's something about somebody who claims his net worth exceeds 10 billion dollars paying no income taxes in 10 out of 15 years that strikes the average teacher/fireman/policeman as unfair and un-American. Good luck running away from it.
He "exploited S-Corporation Loophole?"
This Trump-taxes story seems to have really hit a nerve. There's something about somebody who claims his net worth exceeds 10 billion dollars paying no income taxes in 10 out of 15 years that strikes the average teacher/fireman/policeman as unfair and un-American. Good luck running away from it.
Posted on 9/28/20 at 11:05 am to Dances with Possums
quote:
Dances with Bleeding Vagina
Posted on 9/28/20 at 11:07 am to Rex Feral
Whatever the left is accusing the right of doing, they are doing themselves. Every time.
Posted on 9/28/20 at 11:08 am to Dances with Possums
quote:
He "exploited S-Corporation Loophole?"
You worried about “paying your fair share” or not?
Gotta apply it equally. Or not at all.
Posted on 9/28/20 at 11:09 am to Dances with Possums
quote:What hit a nerve is the MSM using its influence to go after one candidate and protect the other.
This Trump-taxes story seems to have really hit a nerve. T
It's a smear job
This post was edited on 9/28/20 at 11:25 am
Posted on 9/28/20 at 11:10 am to Dances with Possums
Go climb back in your hole.
Posted on 9/28/20 at 11:14 am to Frank Black
There’s plenty of ammo out there for Trump to use on Biden and taxes
Ole Joe better be careful if this is his Hill to die on, as I bet trump will hit right back at him
Ole Joe better be careful if this is his Hill to die on, as I bet trump will hit right back at him
Posted on 9/28/20 at 11:15 am to Dances with Possums
quote:
Trump-taxes story seems to have really triggered a lot of idiots.
Posted on 9/28/20 at 11:24 am to Dances with Possums
quote:
Dances with Possums
Tell us again how BLM Inc. is as American as Borscht and Wonton Soup.
Posted on 9/28/20 at 11:24 am to Dances with Possums
Dances with Possums, my new favorite poster. Please don’t take another year off between postings this time.
Posted on 9/28/20 at 11:24 am to Frank Black
Rush is going off on this story right now
Posted on 9/28/20 at 11:32 am to Dances with Possums
Did you actually read NYT report?
The $750 was added on taxes he had to pay after he dropped $1mil and over $3mil in 2016 and 2017.
Dumb fricks like you is who this article is meant for....people that can’t read and comprehend.
The $750 was added on taxes he had to pay after he dropped $1mil and over $3mil in 2016 and 2017.
Dumb fricks like you is who this article is meant for....people that can’t read and comprehend.
Posted on 9/28/20 at 11:33 am to Dances with Possums
Look guys another person comes out of a coma to concern post...
Dances with Possums
Member since Feb 2015
34 posts
Dances with Possums
Member since Feb 2015
34 posts
Posted on 9/28/20 at 11:34 am to Frank Black
You have to pay yourself a "reasonable salary" as the officer of an S Corp.
You don't get to avoid the payroll taxes but rather control the payroll taxes as you would normally pay self-employment taxes (ie both halves of the payroll tax) on the net income of the business.
Final meme: if you don't like the outcomes change the system; don't get mad at individuals for using the system in place to their advantage.
You don't get to avoid the payroll taxes but rather control the payroll taxes as you would normally pay self-employment taxes (ie both halves of the payroll tax) on the net income of the business.
Final meme: if you don't like the outcomes change the system; don't get mad at individuals for using the system in place to their advantage.
Posted on 9/28/20 at 11:42 am to Dances with Possums
Here you go Costner..
Moron.
quote:
quote: The Times report claims its data stems from over two decades of tax returns, and that Trump paid a mere $750 in federal taxes in 2016 and 2017. Fox News obtained a statement by Trump Organization lawyer Alan Garten maintaining Trump “has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.” Despite The New York Times’ specific claims, they would not release any of the tax filings as proof saying they were protecting their sources. “The New York Times’ story is riddled with gross inaccuracies. Over the past decade the President has paid tens of millions of dollars in personal taxes to the federal government” said Garten. “While we tried to explain this to the Times, they refused to listen and rejected our repeated request that they show us any of the documentation they purport to be relying on to substantiate their claims” added Garten. “Obviously this is just part of the Times’ ongoing smear campaign in the run up to the election” he added.
Moron.
Posted on 9/28/20 at 11:46 am to jclem11
quote:
if you don't like the outcomes change the system; don't get mad at individuals for using the system in place to their advantage.
Right. Just like Trump.
Posted on 9/28/20 at 11:59 am to Dances with Possums
quote:
Good luck running away from it.
Generally, people don't have to run from lies..
Nonetheless, there are always people that will believe the lie..
Anyone that really believes Trump paid no taxes is a fool... I may be giving the authors and editors of this article too much credit but I don't think they really believe Trump paid no taxes either...
This post was edited on 9/28/20 at 12:03 pm
Posted on 9/28/20 at 12:04 pm to ALLin4LSU
quote:
Whatever the left is accusing the right of doing, they are doing themselves. Every time.
This is what is always true. It is in their playbook...literally.
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