Via TTN:

Republican lawmakers allege that a non-partisan report shows that President Joe Biden might owe the IRS up to $500,000 in back taxes.

“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 chairman of the conservative Republican Study Committee, Indiana Rep. Jim Banks.

Biden is pushing for an enormous $3.5 trillion spending bill that will target high-earning Americans so that they “pay their fair share.” But Banks said Biden hasn’t been paying his.

“According to the criteria CRS provided to my office, he owes the IRS and the American people hundreds of thousands of dollars in back taxes,” Banks said. “Every American should know about Joe Biden’s tax hypocrisy.”

Banks detailed that Biden dodged paying Medicare taxes on speaking fees and book sales from 2017 to 2018, by improper use of “S Corporations.” He alleges that the President and First Lady counted just under $800,000 of more than $13 million earned as salary using the tactic.

Ironically, the massive legislation would close the loophole which Biden used to avoid paying 3.8% self-employment tax. The report doesn’t name Biden but indicates he would owe taxes under current rules by analyzing S Corps that the IRS won judgments against from improperly exploiting the same loophole.

“Courts have agreed with the IRS that shareholder-employees are subject to employment taxes when shareholders take distributions, dividends, or other forms of compensation in lieu of reasonable compensation,” the report details.

The document did pointedly note that despite presidential tax returns automatically being subject to audits during their term as commander-in-chief, Biden’s S corporations have been inactive this year, which means the IRS won’t automatically review them.

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Rose
Rose
20 days ago

Go figure. what a con artist or should I say puppet.

D.M. Whiteside
D.M. Whiteside
18 days ago
Reply to  Rose

Please don’t underestimate this old fox. He’s the puppet master, not the puppet.

James
James
19 days ago

Make him pay his fair share, i have to, he is not special and in my opinion not even legal.

Bob
Bob
19 days ago

Not news, most wealthy dumercrats pay no taxes anyway.

carrol
carrol
19 days ago

Why do I have to pay taxes when the POS does not pay his?

Billv
19 days ago

I bet Joe has not paid a cent in the money his son has gave him! He should pay it back with the $400k a year salary until it is paid! In my 80+ years this is the first time a sitting President has owed do much!

Omega 2
19 days ago

WHERE THE HELL IS THIS ” DECORATED I R S ” FOR NAILING SCHEMING RATS LIKE THE BIDENS AND CLINTONS???

Dinkus
Dinkus
18 days ago
Reply to  Omega 2

They will be nowhere to be found. Does anybody here think so? If there are “any questions”, they will all remain confidential.
Slick move, speaking engagement fees. Set up S Corp. Avoid social security tax of 12.4% on 1st $ 142,800. Avoid medicare tax of 2.9% on unlimited income.
For the average Joe, this should be self employment or Misc. , Schedule C income, subject to the taxes. But this is no average Joe.
My guess, he’ll get a pass from the IRS. Either way, we will never know about it.
Just like the FBI investigating Hunter Biden. Nada.

Madelein
Madelein
19 days ago

Yes, they should harrass this clown the way President Trump was investigated, interrogated, trampled on and smeared ad nauseum for 5 years over his taxes, meanwhile President Trump takes no salary and pays more taxes than any other Billionaire Yes now go for this clown and many others

Barbara Yano
Barbara Yano
18 days ago
Reply to  Madelein

CORRUPT DOESN’T COVER WHAT BIDEN IS!

graceythecat
18 days ago

Rules and laws for thee, but not for the crooked communist democrat cult party members!

Barbara Yano
Barbara Yano
18 days ago

Republican lawmakers allege that a non-partisan report shows that President Joe Biden might owe the IRS up to $500,000 in back taxes.
“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 chairman of the conservative Republican Study Committee, Indiana Rep. Jim Banks. JOE BIDEN IS NOT ONLY COMPROMISED BECAUSE THE MONEY HE RECEIVED FROM HIS SON’S DEALINGS WITH FOREIGN GOVERNMENTS, JOE BIDEN OWES BACKTAXES. AND HE HAS THE NERVE TO TALK ABOUT “TAXING THE RICH” WHILE HE HIMSELF IS DELINQUENT AND OWES BACK TAXES.

BrewDubbs
BrewDubbs
18 days ago

Rules are for thee, certainly not for me.

D.M. Whiteside
D.M. Whiteside
18 days ago

When a person appoints himself judge, jury, & executioner concerning border patrol agents trying to do their job to fix a problem he created, why should he he bothered about tax laws?

Pawn
Pawn
18 days ago

of course the IRS will not review a dem tax return much less the pretender in cheif’s tax returns. Now all you have to do is tell the IRS you re a dem and thaat they can’t look at your taxes because they didn’t look at biden’s. I am sure you will win using those straggles… funny huh