Biden Could Owe As Much As $500K In Back Taxes

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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.

Biden is leading a Democratic push for a $3.5 trillion bill to subsidize child care, education and health care by targeting tax avoidance and raising tax rates on higher incomes so the rich “pay their fair share.”

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.

“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.”

Read more at NY Post.

{Matzav.com}


3 COMMENTS

  1. all of his tax returns should be subpoena just like Trumps and might as well add Hunter’s also ‘cuz Joe’s a partner to Hunter’s income as revealed in the emails.

  2. Fake news. This false flag was put out by the privileged white racist Trump campaign. Merrick Garland said that the Biden family is above the law. Dr. Jill’s favorite ice cream is vanilla with colored sprinkles on top.

  3. Time has arrived for sleepy joe’s immediate removal from office.
    & not to his Delaware basement, but to prison for his viscous crimes against our fellow Americans in Afghanistan, in addition to have stolen an election from a duly reelected president.

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