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Records: In 2021, Joe Biden Didn’t ‘Pay His Fair Share’ in Taxes Again


REPORTED BY: CHRISTOPHER JACOBS | APRIL 18, 2022

Read more at https://thefederalist.com/2022/04/18/tax-records-show-that-in-2021-joe-biden-didnt-pay-his-fair-share-in-taxes-again/

Tax returns demanded

Joe Biden has a dirty little secret that he doesn’t want the American people to learn about: He appears to be avoiding tens of thousands of dollars in taxes.

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CHRISTOPHER JACOBS

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To the Biden White House, the final working day of last week wasn’t Good Friday—and it wasn’t Jackie Robinson Day, either. To borrow an analogy from “The West Wing,” the Biden White House used last Friday as “Take Out the Trash Day,” dumping out President Biden’s 2021 tax returns late on a Friday afternoon, ahead of the Easter and Passover holidays.

This year, Tax Day didn’t come until Monday, April 18. One would think that, because Biden has released his tax returns and his predecessor did not, he would want to highlight this fact in a very public manner. Why didn’t Biden wait until Monday, and hold a big press conference where he could wave around his returns for everyone to see, to emphasize the fact that he’s “not like Donald Trump”?

Because Biden does have something to hide. He apparently has a dirty little secret—actually, it’s a pretty big secret—that he doesn’t want the American people to learn about. According to his own Treasury Department, Biden didn’t “pay his fair share” in taxes, and hasn’t for several years.

Corporate Loophole

I have written about this issue on several previous occasions. Upon leaving the vice presidency in January 2017, Biden and his wife Jill established two S-corporations to handle their book and speech income. By characterizing most of their income as profits from the corporations rather than wages, the Bidens were able to avoid payroll taxes on more than $13 million worth of income.

In 2021, they were back at it again, writing off $61,995 in corporate profits as exempt from payroll taxes, as evidenced on page 13 of their returns:

This $61,995 gets broken down in two ways: $29,234 comes from Joe Biden’s CelticCapri Corporation, while $32,761 comes from Jill Biden’s Giacoppa Corporation. In the president’s case, Biden avoided paying 3.8 percent tax on his nearly $30,000 in corporate profits—2.9 percent that funds Medicare, and an additional 0.9 percent imposed by Obamacare. (So much for Biden’s claim that “Obamacare is personal to me.”)

Jill Biden, who earned roughly $67,000 as a teacher at Northern Virginia Community College last year, avoided far more in taxes, as she did not reach last year’s Social Security wage cap of $142,800. Because she would have had to pay Social Security taxes on all wages up to the wage cap, classifying her nearly $33,000 in book income as corporate profits rather than wages meant Jill Biden didn’t just avoid paying Medicare taxes on these earnings—she avoided paying Social Security taxes as well.

All told, the Bidens seem to have dodged more than $6,100 in Medicare and Social Security taxes in 2021 alone:

              Joe Biden: $1,110.89 ($29,234 times 3.8 percent)

              Jill Biden: $5,012.43 ($32,761 times 15.3 percent)

This tax evasion comes after the Bidens appear to have previously avoided at least $517,000 in Medicare and Obamacare taxes from 2017 through 2020.

At least part of their scheme included potentially illegal tactics. As I have alleged in a complaint to the IRS regarding both Biden’s tax returns and his accountant’s conduct, I—along with many other tax experts—believe that in 2017 and 2018, Biden paid himself such a low salary as to violate IRS guidelines on “reasonable compensation.”

Treasury Says Biden Didn’t ‘Pay His Fair Share’

Regardless of whether the Bidens’ 2021 returns also violated tax laws, they constitute very clear hypocrisy—as one might expect from a career Washington politician. Note this passage from last year’s Treasury budget making the argument for closing the very loophole Biden continued to exploit in office, just as he had the past four years:

Different treatment [i.e., allowing S-corporation profits to avoid payroll tax] is unfair, inefficient, distorts choice of organizational form, and provides tax planning opportunities for business owners, particularly those with high incomes, to avoid paying their fair share of taxes.

If Biden really cared about the wealthy “paying their fair share,” he would look in the mirror, get out his checkbook, and write a check for the hundreds of thousands of dollars in Medicare and Obamacare taxes he appears to have dodged for the past five years. That would involve practicing what one preaches—or in other words, having integrity. Try that some time, Mr. President.


Chris Jacobs is founder and CEO of Juniper Research Group, and author of the book, “The Case Against Single Payer.” He is on Twitter: @chrisjacobsHC. Previously he was a senior health policy analyst for the Texas Public Policy Foundation, a senior policy analyst in The Heritage Foundation’s Center for Health Policy Studies, and a senior policy analyst with the Joint Economic Committee’s Senate Republican staff. During the debate over the Patient Protection and Affordable Care Act, popularly known as Obamacare, Jacobs was a policy adviser for the House Republican Conference under then-Chairman Mike Pence. In the first two years of the law’s implementation, he was a health policy analyst for the Senate Republican Policy Committee. Jacobs got his start on Capitol Hill as an intern for then-Rep. Pat Toomey (R-Pa.). He holds a bachelor’s degree in political science and history from American University, where he is a part-time teacher of health policy. He currently resides in Washington, D.C.

Senate may force Trump to turn over tax returns


waving flag disclaimerFOXNEWS Politics Published February 23, 2017 | Associated Press

URL of the original posting site: http://www.foxnews.com/politics/2017/02/23/senate-may-force-trump-to-turn-over-tax-returns.html

FILE:  Sen. Susan Collins said on Wednesday she’s open to using a subpoena to investigate Trump’s tax returns for potential connections to Russia.

FILE: Sen. Susan Collins said on Wednesday she’s open to using a subpoena to investigate Trump’s tax returns for potential connections to Russia.  (AP)

U.S. Sen. Susan Collins said on Wednesday she’s open to using a subpoena to investigate President Donald Trump’s tax returns for potential connections to Russia. Collins, a Republican who has served as a U.S. senator from Maine since 1997, sits on the Senate Intelligence Committee, which is investigating Russian interference in the 2016 election. She appeared on Maine Public radio to talk about issues including the investigation.kick-em-out-of-office

Collins was asked if the committee would subpoena Trump, who’s also a Republican. She said she hopes for “voluntary cooperation” but is open to using a subpoena if necessary.

“This is a counter-intelligence operation in many ways. That’s what our committee specializes in,” she said during the radio appearance. “We are used to probing in depth in this area.”trump-derangement-mental-disorder

Trump’s refusal to disclose his tax returns is a break with presidential tradition. He has said he would be happy to release them after the completion of an Internal Revenue Service audit. Using a subpoena to get access to the tax returns would be a more aggressive move than members of Congress have taken on the subject so far. House and Senate leaders have thus far shown no interest in taking such a step.

Last week, House Republicans blocked an attempt by Democrats to use an obscure law to obtain the tax returns from the IRS. Democrats on the House Ways and Means Committee tried to frame the issue as a matter of national security, questioning whether Trump has any investments in Russia.

Collins also said during the radio appearance that she and other intelligence committee members will call for former national security adviser Michael Flynn to testify before the committee. Flynn resigned following reports that he had misled officials about his contacts with Russia.

Collins said the committee is in the midst of a “broad investigation” about Russian interference and it’s too early to speculate about the results. She touted the “bipartisan” nature of the committee’s probe and pledged: “We will get to the bottom of this.”kick-em-out-of-office

IRS finally admits illegals can get back taxes under Obama amnesty


Internal Revenue Service (IRS) Commissioner John Koskinen testifies on Capitol Hill in Washington, Tuesday, June 2, 2015, before the Senate Homeland Security and Governmental Affairs committee hearing examining the IRS data breach. (AP Photo/Jacquelyn Martin)
Internal Revenue Service (IRS) Commissioner John Koskinen testifies on Capitol Hill in Washington, Tuesday, June 2, 2015, before the Senate Homeland Security and Governmental Affairs committee hearing examining the IRS data breach. (AP Photo/Jacquelyn Martin) more >

IRS Commissioner John Koskinen has confirmed to Congress that illegal immigrants granted amnesty under President Obama’s new programs could claim back refunds even when they never filed returns to pay their taxes in the first place. Sen. Chuck Grassley, who had pressed Mr. Koskinen over the issue, released written responses Wednesday in which the commissioner admitted he’d botched the question earlier and, in fact, illegal immigrants granted the amnesty will now be able to claim refunds on tax returns they never even filed, thanks to the Earned Income Tax Credit.Picture6

“To clarify my earlier comments on EITC, not only can an individual amend a prior year return to claim EITC, but an individual who did not file a prior year return may file a return and claim EITC (subject to refund limitations under section 6511 of the Internal Revenue Code),” Mr. Koskinen said.Cloward Pevin with explanation

He insisted, however, that he doubts many illegal immigrants will take advantage of the loophole because they would have to be able to prove their earnings for those years they never filed returns. “Filers would have to reconstruct earnings and other records for years when they were not able to work on the books,” he said.

Taxpayers must have Social Security numbers in order to claim the EITC, and illegal immigrants aren’t supposed to have numbers. But Mr. Obama’s new deportation amnesty grants illegal immigrants work permits, which are then used to obtain Social Security numbers.  IRS lawyers have ruled that once illegal immigrants get numbers, they can go back and refile for up to three previous years’ taxes and claim refunds even for time they were working illegally.more evidence

The lawyers said since the EITC is a refundable credit, that’s allowed even when the illegal immigrants worked off the books and never paid taxes in the first place. Section 32 of the Internal Revenue Code requires an SSN on the return, but a taxpayer claiming the EITC is not required to have an SSN before the close of the year for which the EITC is claimed,” Mr. Koskinen said. “At your request, the IRS has reviewed the relevant statutes and legislative history, and we believe that the 2000 Chief Counsel Advice (CCA) on this issue is correct.”Taxes

Mr. Koskinen had initially said illegal immigrants could claim refunds, but only for years they’d filed returns and presumably had paid some taxes.

Most of Mr. Obama’s amnesty is on hold after federal courts ruled he likely broke the law by acting on his own without Congress‘ approval and without putting his policy out for public review and comment. But a 2012 policy that applies to so-called Dreamers, or young adult illegal immigrants brought to the U.S. as children, is in effect. Homeland Security has approved 664,607 initial applications for Dreamers, and approved another 243,872 renewals over the last year, extending the initial two-year amnesty for another two years.IRS-corruption What Liberals have accomplished so far freedom combo 2

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