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Just reported. Biden could owe 500,000 in taxes to the IRS

Posted on 9/24/21 at 7:33 am
Posted by CleverUserName
Member since Oct 2016
16439 posts
Posted on 9/24/21 at 7:33 am
Time to cut a check for his “fair share”!

Just in time for our lib friends return today

quote:

Joe Biden could owe up to $500,000 in back taxes to the IRS

A non-partisan government report indicates that President Joe Biden could owe as much as $500,000 in back taxes to the IRS after it reported that he avoided paying for Medicare through a tax-code loophole for years.

Biden is pushing for a $3.5trillion bill to fund childcare, education and health care by targeting tax-fraud and increasing taxes on higher incomes so the 'rich pay their fair share.'

A House Ways and Means Committee draft of the bill would end the tax-avoidance trick apparently used by Biden as well as boost the IRS' auditing budget.

However, the report drafted by the Congressional Research Service and obtained by the Dailymail.com, suggests Biden owes taxes under current rules, according to the congressman who requested the research institute to look into the claim.




More for them to make excuses for.

quote:

Joe Biden Used Tax-Code Loophole Obama Tried to Plug

“There’s no reason for these to be in an S corp—none, other than to save on self-employment tax,” said Tony Nitti, an accountant at RubinBrown LLP who reviewed the returns.




Weeeeeeeelcome back Dems!! Just it time to be highly outraged and demanding!! Gnash those teeth!
This post was edited on 9/24/21 at 7:37 am
Posted by beebefootballfan
Member since Mar 2011
20457 posts
Posted on 9/24/21 at 7:35 am to
Let’s see those tax returns
Posted by ibldprplgld
Member since Feb 2008
27493 posts
Posted on 9/24/21 at 7:36 am to
Hehe, everyone remember when Madcow claimed to have a bombshell when it got some of Trump’s tax returns?

All it did was show Trump paid millions in taxes to its 27 viewers.
Posted by BlackHelicopterPilot
Top secret lab
Member since Feb 2004
52841 posts
Posted on 9/24/21 at 7:37 am to
To be fair, there are a lot of “could” and “might” in that.

And”loop holes” are LEGAL.

I despise that old fool. But, I’m not a hypocrite so I’ll wait before getting out front on this.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179766 posts
Posted on 9/24/21 at 7:38 am to
He can use the money from his "10% for the big guy" deals Hunter made for him to pay it
Posted by CleverUserName
Member since Oct 2016
16439 posts
Posted on 9/24/21 at 7:40 am to
quote:

To be fair, there are a lot of “could” and “might” in that.


There isn’t any in his rhetoric. And zero in the liberals’ rhetoric. This, to them, is unacceptable, unpatriotic, and makes the middle class carry the burden.

It’s all they shout. Endlessly. Nonstop.

And he used a part of the code he and Obama tried to strike. If it’s bad…. Why use it and preach his “fair share” rhetoric?

It’s time for them to hold him accountable.
This post was edited on 9/24/21 at 7:42 am
Posted by cadillacattack
the ATL
Member since May 2020
9695 posts
Posted on 9/24/21 at 7:44 am to
Everything they falsely accused President Trump of doing - incompetence, flying off the handle, having kids make money off his presidency, quid-pro-quo with foreign governments, and not paying taxes - Biden is actually doing.
This post was edited on 9/24/21 at 7:50 am
Posted by momentoftruth87
Your mom
Member since Oct 2013
86110 posts
Posted on 9/24/21 at 7:45 am to
Was on here yesterday, but yes. I want his returns and I want them now!!!
Posted by PUB
New Orleans
Member since Sep 2017
20703 posts
Posted on 9/24/21 at 7:48 am to
Not including the millions upon millions that were 10% to the Big Guy that are hidden in Cayman accounts. These people are vile filth.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112849 posts
Posted on 9/24/21 at 7:50 am to
This was discussed before the election.

Media didn't care (while at the same time continuing to scream for Trump's tax returns).
Posted by the808bass
The Lou
Member since Oct 2012
125730 posts
Posted on 9/24/21 at 7:57 am to
This isn’t about “legality.” It’s that if the IRS was treating him like an average Joe, he would stand a high chance of being asked to pay a huge chunk in payroll taxes.
Posted by AubieinNC2009
Mountain NC
Member since Dec 2018
7074 posts
Posted on 9/24/21 at 8:13 am to
this is old news, it came out during the election but no one reported on it. He used loopholes and filed as a S-corp to save on taxes.

He used the loopholes to his advantage. No different than Warren Buffet writing off tons of land as a "farm" when only a small portion has a garden on it.
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 9/24/21 at 8:24 am to
$13-$18 million in corrupt “speaking fees” and you can’t pay your fair share when most of this country makes $13-$18 DOLLARS an hour!

But we have to listen to this shite stain talk about raising taxes to spend our money to fund worthless green energy?

The time for talking is over

Posted by CleverUserName
Member since Oct 2016
16439 posts
Posted on 9/24/21 at 8:28 am to
quote:

$13-$18 million in corrupt “speaking fees” and you can’t pay your fair share when most of this country makes $13-$18 DOLLARS an hour! But we have to listen to this shite stain talk about raising taxes to spend our money to fund worthless green energy?


Isn’t it great?

Hmmm still no Dems in the thread. That’s interesting. Since they were jawing about Trump so much they could have chewed a concrete pillar in two. Perhaps they haven’t unplugged yet.

I am just dying to get their well thought out retort that reflects their party platform and endless complaints about current taxation.
Posted by the808bass
The Lou
Member since Oct 2012
125730 posts
Posted on 9/24/21 at 10:31 am to
quote:

He used the loopholes to his advantage.


This isn’t really a loophole. Unless knowing that the IRS isn’t going to make you pay more because of who you are is a loophole.
Posted by CouldCareLess
Member since Feb 2019
3168 posts
Posted on 9/24/21 at 10:35 am to
No prob, just get Hunter to increase the big guys illegal take from 10 to 25%.
Posted by CleverUserName
Member since Oct 2016
16439 posts
Posted on 9/24/21 at 12:50 pm to
quote:

No prob, just get Hunter to increase the big guys illegal take from 10 to 25%.


That he would apparently just use creative accounting for.

So. I’m seeing posts by our resident libs….. care to join??
Posted by CouldCareLess
Member since Feb 2019
3168 posts
Posted on 9/24/21 at 12:52 pm to
quote:

I’m seeing posts by our resident libs….. care to join??


That's a HARD PASS.
Posted by Friscodog
Frisco, TX
Member since Jul 2009
4939 posts
Posted on 9/24/21 at 1:35 pm to
Meh... 500K is nothing.. he will just ask daddy XI for an advance on his monthly allowance..
Posted by dchog
Pea Ridge
Member since Nov 2012
26719 posts
Posted on 9/24/21 at 2:06 pm to
Joe says let the Trump voters pay for it!
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