Biden could owe as much as $500K in back taxes, government report indicates

Discussion in 'US and World News' started by Stephen, Sep 25, 2021.

  1. Stephen

    Stephen Administrator Staff Member

    https://nypost.com/2021/09/23/biden-could-owe-as-much-as-500k-in-irs-taxes-report/

    Biden could owe as much as $500K in back taxes, government report indicates

    WASHINGTON — Republicans say a new nonpartisan report indicates President Biden improperly avoided paying Medicare taxes before he took office — raising eyebrows and the possibility that he owes the IRS as much as $500,000 in back taxes.

    A House Ways and Means Committee draft of the bill would end the accounting trick apparently exploited by Biden and boost IRS funding for audits — but the new report, drafted by the Congressional Research Service and provided to The Post, suggests Biden owes taxes under current rules, according to the congressman who requested it.

    “Joe Biden wants to raise taxes by $2.1 trillion while claiming the rich need to pay their ‘fair share.’ But in 2017, multimillionaire Joe Biden skirted his payroll taxes — the very taxes that fund Medicare and ObamaCare,” said Rep. Jim Banks (R-Ind.), chairman of the conservative Republican Study Committee.

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    Accounting trick? No, this is tax fraud.

    How much more incompetence and corruption does Joe Biden have to display before we the people finally demand his removal from office.

    What else don't we know yet?
     

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