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Hollywood lawyer paid off over $2M of Hunter Biden’s delinquent taxes
https://nypost.com ^
| Hollywood lawyer paid off over $2M of Hunter Biden’s delinquent taxes
| By Miranda Devine, Marjorie Hernandez and Patrick Reilly
Posted on 05/09/2022 9:15:16 AM PDT by Red Badger
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To: Sirius Lee
21
posted on
05/09/2022 9:37:09 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Mouton
Imagine for a moment this was Don Jr.
To: Red Badger
Isn’t this a gift, which in and of itself is taxable?
23
posted on
05/09/2022 9:43:41 AM PDT
by
usafa92
(Donald J. Trump, 45th President of the United States of America!)
To: Red Badger
The lawyer is most likely funded by China.
24
posted on
05/09/2022 9:43:58 AM PDT
by
jacknhoo
( Luke 12:51; Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
To: usafa92
Yes.............................
25
posted on
05/09/2022 9:44:02 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
Some issues here:
1) How (i.e. from whom or what entity) is the lawyer getting paid, and how much?
2) Is the lawyer reporting all of this funding as compensation?
3) If the funding is not compensation, then is someone reporting the money transferred to him as a taxable gift?
4) Has Hunter reported the $2 million as income? If not, then SOMEONE has to have reported it as a gift (unless this was done this year...in which case the gift MUST be reported on someone’s 2022 tax return).
Of course, this puts aside the issue of bribes/payoffs.
26
posted on
05/09/2022 9:44:46 AM PDT
by
Ancesthntr
(“The right to buy weapons is the right to be free.” ― A.E. Van Vogt, The Weapons Shops of Isher)
To: Ancesthntr
Here’s the scheme: ( I don’t know if this is actually workable)
Hunter gives lawyer $2 million as a ‘retainer’.
Lawyer pays IRS $2 Million taxes for Hunter.
Hunter now owes taxes on $2 Million which his substantially less than $2 Million.
Lawyer now owes taxes on $2 Million which his substantially less than $2 Million.
Hunter pays his tax on $2 Million, saving mucho dinero.
Hunter pays Lawyer’s ‘fee’ of tax on $2 Million....................
27
posted on
05/09/2022 9:51:25 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
would that not be considered INCOME, and to be declared on his taxes???
28
posted on
05/09/2022 9:58:36 AM PDT
by
Chode
(there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
To: DannyTN
I’m sure it is just charity and the lawyer doesn’t expect anything in return. /sarcasm
Hunter sure get$ a lot of “help” from all the charitable people out there.
29
posted on
05/09/2022 10:00:16 AM PDT
by
Wilhelm Tell
(True or False? This is not a tag line.)
To: Chode
Yes............................
30
posted on
05/09/2022 10:00:19 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
as I often say about Hunter - Al Capone was convicted of failure to disclose income by the IRS.
The reality is, we do not have an IRS nor FBI who would prosecute even with such obvious crimes.
31
posted on
05/09/2022 10:00:36 AM PDT
by
llevrok
(Pronouns: Me/myself/& I)
To: llevrok
Yet they are gong after Trump & Family like THEY ARE THE MOB!...................
32
posted on
05/09/2022 10:12:47 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
footed Hunter Biden’s overdue taxes totaling over $2 million You don't just "foot" the bill. I suspect it was a 0 interest loan that will be repaid in priceless Hunter art.
33
posted on
05/09/2022 10:17:53 AM PDT
by
1Old Pro
To: Ancesthntr
4) Has Hunter reported the $2 million as income? The way I understand this transaction is the person paying off Hunter's 2 million tax liability is a gift. Hunter has no tax liability. The person making the gift that exceeds reporting requirements has to report it to the IRS..
34
posted on
05/09/2022 10:23:15 AM PDT
by
EVO X
( )
To: Red Badger
The Biden Family Laundry is running full speed.
35
posted on
05/09/2022 10:25:45 AM PDT
by
bray
(The Vax is fake and deadly)
To: gibsonguy
The copper would have machine gunned him.
36
posted on
05/09/2022 10:45:28 AM PDT
by
Mouton
(The enemy of the people is the media )
To: blackdog
That’s just 4 paintings? Yeah. Hunter could have cranked them out in an afternoon. Not sure why he needed the lawyer.
37
posted on
05/09/2022 10:58:35 AM PDT
by
fhayek
To: Red Badger
"Kevin Morris, an entertainment attorney and novelist who earned a fortune representing the co-creators of “South Park” and won a Tony Award as the co-producer of “The Book of Mormon,” I wonder if this has anything to do with South Park not roasting Gropin'Joe since he's been POTUS?
38
posted on
05/09/2022 11:01:30 AM PDT
by
SantosLHalper
(Eat some bacon.No, I got no idea if it'll make you feel better, I just made too much bacon.")
To: Red Badger
The perverted drug addict son raked in millions from foreign countries. Why does he need anyone to pay off his tax bills? He spent all his ill-”be”-gotten gains (as his Daddy would say it) and couldn’t pay his own taxes?
39
posted on
05/09/2022 11:02:56 AM PDT
by
tina07
(In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85 )
To: Flick Lives
Seems like this would amount to a gift of $2M, which would then require reporting on Hunter Biden’s tax forms.
I would assume a lawyer would have thought of that, and likely paid those off, too. So for a $2MM tax bill, he probably actually paid, assuming everything at a tax rate of 15%, $2,352,940 or so, to cover the additional $300M tax on the $2MM gift. Plus $45M for the $300M gift. Plus $6750 for the $45M gift. And so on until you get into pennies added at a time.
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