What happened to the Biden Tax Fraud story?

Biden might have inappropriately employed S Corporation to avoid his owed Medicare taxes before taking office. According to a report that Congressional Research Service released, the president could owe the IRS up to $500,000 in back taxes.

Biden wants the rich to pay their “fair share” while he wrongly exploited S Corporations to avoid taxes.

Chairman of the Republican Study Committee, Rep. Jim Banks, highlighted how Biden intends to raise taxes in the country up to $2.1 trillion. He’s insisting the rich have to pay their supposedly “fair share.”

Yet, back in 2017, Biden improperly avoided paying self-employment taxes, the very taxes that fund Medicare and Obamacare. . . .

What has happened to the Biden tax story, which I thought was huge?! I never hear anything about it. Now, of course, I naturally have concluded that only Conservative news outlets have covered it, but that is not strictly true. It did get some coverage from Yahoo, MSN, and Yahoo. And among more "conservative" voices were some major players like Fox News (sic) and The New York Post. I have not been able to find any articles online by ABC,NBC,CBS, MSNBC, PBS or CNN. And only in an oblique, anti-Trump "they all do it" way by the WSJ. The articles may exist, but they did not pop up in my searches.

But, it is serious stuff. Here is the opinion of a large accounting firm:

President Biden could owe $500,000 in back taxes Republicans say a new nonpartisan report indicates President Joe Biden improperly avoided paying Medicare taxes before he took office, raising 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 Mr. Biden and boost IRS funding for audits — but the new report, drafted by the Congressional Research Service, suggests Mr. Biden owes taxes under current rules, according to the congressman who requested it. “Joe Biden wants to raise taxes by $2.1tn 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-IN), who explained that the report shows Biden improperly used “S corporations” to avoid paying Medicare tax on speaking fees and book sales in 2017 and 2018. David Gamage, a tax law professor at Indiana University Bloomington, said “the general view among tax experts is that it’s quite easy for taxpayers to get away with this form of tax planning to the point of it being very abusive.” “This is not the sort of tax planning that should be going on as a matter of tax policy, but it’s very hard for the IRS to police,” he added.

Indeed! But, what has happened to the story? It it on Peter Doocey's list of questions to ask? Apparently, no one else will.

https://joebiden.com/financial-disclosure/

links at web site

BIDEN FINANCIAL DISCLOSURES & TAX RETURNS-——if you like fairy tales.
Vice President Joseph R. Biden Jr. and Dr. Jill T. Biden

OGE Form 278e (2020)
OGE Form 278e (2019)
2016 Delaware
2016 Federal
2017 Delaware
2017 Federal
2018 Delaware
2018 Federal
2019 Delaware, Virginia, Federal

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