Federalist: On Monday, the delayed due date for filing federal taxes for the last calendar year, the White House made a theatrical show of releasing President Biden’s 2020 tax returns. In so doing, the new administration wanted to show a contrast with Biden’s predecessor, Donald Trump, who did not release his tax returns.
But while the White House emphasized the release of Biden’s returns, it does not want reporters to scrutinize the content of those returns, because doing so would highlight a pattern of hypocritical behavior by the current president and his family. To wit: For the fourth year running, the First Family used a questionable tax loophole to avoid paying more than $500,000 in Medicare and Obamacare taxes — a loophole that the Biden administration now claims it wants to close.
Corporate Profits vs. Wages
The loophole comes because Joe Biden and his wife Jill categorized much of their book and speech revenue as profits from two corporations they created, rather than as taxable wages. Under current law, corporate profits are not subject to payroll taxes, meaning the Bidens avoided paying 3.8 percent in taxes — a 2.9 percent levy that funds Medicare, and a 0.9 percent tax created by Section 9015 of Obamacare that funds that law — on every dollar they categorized as corporate profits rather than wages. read more
Does that include all the ill-gotten income via Hunter?
They tax suit cases full of cash & Complimentary Kilos of Blow?
That’s quite a sophistimicated IRS form you got there.
It doesn’t matter what democrats do….It only matters what Republicans/Conservatives do.
RICO the Biden Crime family
The Artful Dodger had to pick a pocket or two, too!
Speaking of complete shit: here’s a list of the Republicans who voted with Pelosi on the “Jan 6 Commission”:
A complete list of the 35 Republicans who voted for the Jan. 6 commission:
Rice
Newhouse
Bentz
Reed
Meijer
Kinzinger
Katko
Dusty Johnson
Fitzpatrick
Anthony Gonzalez
Herrera Beutler
Chris Jacobs
Womack
Bice
Garbarino
Cheney
Valadao
Chris Smith
Upton
Miller-Meeks
Rodney Davis
Bacon
Taylor
Tony Gonzalez
Simpson
Salazar
Curtis
Guest
Hill
David Joyce
McKinley
Moore
Hollingsworth
Fortenberry
Gimenez
https://twitter.com/AndrewSolender/status/1395154685657554948?ref_src=twsrc%5Etfw
^^^ And I’m not surprised.
^^^^^This is a good thing. Trump is still exposing assholes. Can you say Primary? I can.
Biden’s returns are fraudulent if he didn’t list Hunter as a ‘dependent’.
Because everyone knows that loser couldn’t get and hold a job if it weren’t for his dada, you know who, the Big Guy.
Bet if you go back as far as they’ve been trying with Trump, the lying sack of shit hasen’t paid a dime in decades.
If we had an honest media this ass hole would be in the big house instead of the White Hut.
Do descendants of Coal Mines have to pay that tax?
Does he itemize Hunter’s coke expenditures? 😳