Biden Could Owe as Much as $500K in Back Taxes, Government Report Indicates

New York Post ^ | September 23, 2021 | Steven Nelson

[nickcarraway]

Republicans say a new non-partisan report indicates President Joe 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 childcare, 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,

[nickcarraway]

Well, he shouldn't have to pay since he is getting so many other people to pay more taxes, right?

[IllumiNaughtyByNature]

that’s just one painting....

[McCarthysGhost]

Which could also mean that he broke the law right? Tax evasion is still a crime.

[frank ballenger]

Pelosi and Schumer: That’s been 100% taken care off. Noted and just added as “infrastructure” on the new spending bill. Line 12,498.

[McGavin999]

Only when they can pretend Trump did it.

[Shady]

What about all the cuts for “The Big Guy?”

[frank ballenger]

Which could also mean that he broke the law right? Tax evasion is still a crime.

Biden: "Oh, man, oh man. If I were a Republican I'd be in legal trouble. Whew."

[frank ballenger]

Biden: “Son, how’re ya’ doin’ on your paintings? Think you could splash a few colors on a canvas for dear old Dad? I need $500,000 by morning.”

[eyeamok]

Shouldn't the IRS have opened a Criminal Investigation of President Trump Biden by Now??

[shanover]

All that matters is Mary Trump’s opinion and the NY Slimes.

[Bubba_Leroy]

Taxes are for the little people.

[Candor7]

Impeach Biden! Get his tax records and PUBLISH them in the New York Times!

Inform the Manhatten District Attorney’s Office, I am sure Cyrus Vance will get right on it!

[jacknhoo]

Impeach!

[Sam Clements]

I think the IRS, the Southern District of New York, and the House Schiff Committee should get busy demanding 10 years of Biden’s taxes to investigate how Presidents might find ways to avoid taxes. That’s what they did to PDJT. Haven’t heard any results yet. Also for Joe Biden, how about looking into how payments from China to The Big Guy were reported.

[wardamneagle]

Really…who gives a s**?

[Smellin Salt]

Thats on the income he declared. What about the big guy cut?

It’s obvious that the swamp is ready to get rid of this guy. He’s served their purpose well.

[Jeff Chandler]

If they mean his S corp, then it all depends if he broke the rules. If he did everything according to the tax code, then this is just political posturing by the Pubs.

[blackdog]

Your Leona Helmsley is showing.

[Soul of the South]

“Really…who gives a s**?”

If the IRS determined I potentially owed a significant I have no doubt my bank accounts would be seized in amounts far greater than anything I might owe. The government would seize my assets to prevent me from hiring lawyers and accountants to defend me. Corrupt judges would sign off on the illegal taking without any concern about due process.

Biden has nothing to worry about. Under our two tier justice system, he will be given every benefit of doubt.

[mass55th]

Did Hunter do his taxes for him?