Does Joe Biden Owe Back Taxes? Possibly As Much As $500K According To Report
Does Joe Biden Owe Back Taxes? Possibly As Much As $500K According To Report

Biden may have improperly used ‘S corporations’ to avoid taxes on speaking fees and book sales

President Biden may have improperly avoided paying Medicare taxes before he took office and could owe the IRS up to $500,000, according to a Congressional Research Service report.

“Joe Biden wants to raise taxes by $2.1 trillion while claiming the rich need to pay their ‘fair share.’ But in 2017, multi-millionaire Joe Biden skirted his payroll taxes — the very taxes that fund Medicare and Obamacare,” said Rep. Jim Banks, who chairs the conservative Republican Study Committee. 

Banks said the report indicated that Biden improperly used “S corporations” while he and First Lady Jill Biden raked in over $13 million on speaking fees and book sales in 2017 and 2018, but counted less than $800,000 of it as a salary that could be taxed for Medicare.

READ MORE: https://www.foxnews.com/politics/biden-may-owe-up-to-500k-in-back-taxes-report-says

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24 days ago

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