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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 11:14 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 11:24 am to Frank Black
Rush is going off on this story right now
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 12:19 pm to Frank Black
Yeah but the records are under seal at that university thing you know the excuse thing sorry cmon man!
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