President Joe Biden has repeatedly called on Americans to "pay their fair share" as he seeks to dramatically increase taxes to pay for the $1.2 trillion infrastructure and $3.5 trillion budget reconciliation bills, but Rep. Jim Banks, R-Ind., laments Biden "wants to raise your taxes, but doesn't even pay his own."
The New York Post's report on the findings of the nonpartisan CRS showing how Biden avoided paying Medicare tax on speaking fees and book sales in 2017 and 2018, improperly using S corporations to show low salaries but count most revenue as "distributions" exempt from Medicare tax; meaning he was attempting to avoid paying the very taxes that help support Medicare and Obamacare.
The shortage reported comes from Biden and first lady Jill Biden routing more than $13 million through S corporations in 2017 and '18, but only claiming less than $800,000 of it as salary eligible for the Medicare tax at a mere 3.8% rate, according to The Wall Street Journal in 2019.
The bottom line is that the Democratic Party has become the Party of do what I say, not what I do. They have no integrity. The media would be attacking Trump 24/7 if he were to have done what the Biden's did with their tax returns. They should be embarrassed getting caught but they're not. They've been dunked into the world of elitism and don't have a care in the world of receiving any punishment. If this were something you or I did, the IRS would already be writing tax liens and we'd be getting ready for our stint in prison. Double standards are ruining our nation.
The New York Post's report on the findings of the nonpartisan CRS showing how Biden avoided paying Medicare tax on speaking fees and book sales in 2017 and 2018, improperly using S corporations to show low salaries but count most revenue as "distributions" exempt from Medicare tax; meaning he was attempting to avoid paying the very taxes that help support Medicare and Obamacare.
The shortage reported comes from Biden and first lady Jill Biden routing more than $13 million through S corporations in 2017 and '18, but only claiming less than $800,000 of it as salary eligible for the Medicare tax at a mere 3.8% rate, according to The Wall Street Journal in 2019.
The bottom line is that the Democratic Party has become the Party of do what I say, not what I do. They have no integrity. The media would be attacking Trump 24/7 if he were to have done what the Biden's did with their tax returns. They should be embarrassed getting caught but they're not. They've been dunked into the world of elitism and don't have a care in the world of receiving any punishment. If this were something you or I did, the IRS would already be writing tax liens and we'd be getting ready for our stint in prison. Double standards are ruining our nation.
RSS Feed