TexaCan Loc: Homeward Bound!

That’s the best rebuttal you could come up with! 😂

But, but, but, Trump is current and, and, and, Russia, Russia, Russia!

Shandel

No rebuttal. I’m not debating I’m stating Trump is a Putin puppet you can believe it or not. Trump is a con man and a grifter he always has been! Clinton and Biden may be too.

4430 Loc: Little Egypt ** Southern Illinory

Ironic that the only news they produce are only about Conservatives nothing concerning Biden - Hunter - Pelosi - and the rest of the progressive left !

Your assessment of Rawstory is the new National Examiner is absolutely Spot On !

If they were bad mouthing progressive Democrats and all the corrupt things they are doing then ole RR wouldn't be posting anything from them !

eagleye13 Loc: Fl

Bidens been at the government trough feeding off of the public for 50 years.
The Clintons are a sophisticated Bonnie and Clyde robbery duo.
Man; did they cash in.

Big Bass

You are entitled to your opinion, even when you’re dead wrong. But you are correct about clinton and idiot joe.

Bad Bob Loc: Virginia

What kind of man steals from charity?

keepuphope Loc: Idaho

BIDEN opened a charity under his sons name that died of cancer. Fast forward only 1/ 3 of all money donated went to the actual charity.

Big Bass

Ask slick willy clinton.

Shandel

Yep most do cash in! I doubt they cashed in like Ivanka and Jared Kushner he got the Saudis t o bail him out of $100 million debt then got a $2 BILLION deal with the murderous Saudi Prince. As soon as they left DC they bought an island lot for $32 million! No grift there! The sad thing is the average America works their ass off just to make ends meet. The Trumps like the Clintons (don’t think Joe has that kinda cash) don’t give a rats ass about the Average American I can’t believe how people don’t see right through these people. Like Trump do you really think he gives a damn about the little guy. Look who he associates with!? When was the last tim you were invited free of charge to Mar Lago!? Lol

America 1 Loc: South Miami

Several times.

Big Bass

Is that what your handlers told you to say?

Justice101

There he goes again.

President Joe Biden’s 2021 tax return shows he’s being a hypocrite when he complains about the wealthy not paying their “fair share” as he and first lady Jill Biden used a tax avoidance scheme.

They’ve been doing it for years.

The Bidens used S corporations to shield the vast majority of their earnings from payroll taxes in 2017 and 2018.

The way it worked was rather than categorizing the income they made from book deals and speaking fees as income, the money was run through two S corporation as distributions, i.e., profits.

The Bidens were back at it again this past tax year according to page 13 of their joint tax return.

By doing so, they avoided paying a 3.8 percent tax — the combined 2.9 percent Medicare payroll tax and the 0.9 percent Obamacare surcharge, as Christopher Jacobs explained in The Federalist.

Additionally, Jill Biden skirted paying 15.3 percent in Social Security tax.

So according to the Treasury Department, Biden didn’t “pay his fair share.”

Here’s how they did it.

The couple wrote off $61,995 in corporate profits.

It broke down as $29,234 coming from Joe Biden’s CelticCapri Corporation and $32,761 from Jill Biden’s Giacoppa Corporation.

Jacobs noted that due to Biden’s salary as president, he paid all he owed in Social Security taxes because he far exceeded the wage cap of $142,800 for tax year 2021.

In other words, no Social Security tax is owed on income above $142,800.

Presidents make $400,000 per year.

However, there is no salary cap for the Medicare tax or the Obamacare tax, so Biden should have paid those taxes on his $29,234 listed as corporate profits, Jacobs argued.

As for Jill Biden, she earned roughly $67,000 as a teacher at Northern Virginia Community College, meaning she did not reach the $142,800 pay cap and owed Social Security on her nearly $33,000 in what was characterized as corporate profits.

By Jacob’s calculations, the Bidens owed the Treasury an additional $6,100 — approximately.

Further, for the tax years 2017 to 2020, he believes they avoided paying an additional $517,000 in Medicare and Obamacare taxes.

The Bidens routed more than $13 million through their S corps while claiming less than $800,000 as salary income, The Wall Street Journal reported.

The Internal Revenue Service requires S corps to pay “reasonable compensation” to employee shareholders before making non-wage distributions to them.

The nature of the business dictates what should be characterized as income and what can be a distribution to an employee shareholder as money generated from the business.

“But to the extent gross receipts are generated by the shareholder’s personal services, then payments to the shareholder-employee should be classified as wages that are subject to employment taxes [Social Security and Medicare],” IRS guidance reads.

Such is clearly the case with the Bidens.

The companies made money through their speaking fees and book royalties and apparently little, if anything, else.

Most — if not all — the compensation the couple received from the S corps should have been in the form of income, subject to employment taxes.

Of course, the Bidens’ tax avoidance scheme, employed again in 2021, comes after a year of the president decrying wealthy Americans not paying their “fair share” in taxes.

Mr. President, how about looking at the man in the mirror and making that change before complaining about the wealthy not paying their “fair share”?

https://www.westernjournal.com/biden-hiding-dirty-secret-page-13-tax-return-didnt-pay-fair-share/

Shandel

Sounds like what Eric Trump did. Trumps can no longer run any charities in NY. So corruption abounds!?! I very seldom give to charities because most of the monies go to administration costs! Not unlike Mega churches!

Shandel

Not too worried about the Bidens aslong as they didn’t break the tax laws. My guess is they are doing what most wealthy people do taking advantage of the tax laws. They are nowhere near the Billionaire status! There are 55 major corporations
Including Fed Ex which pay 0 taxes. Just these 55 companies make over $40+ billion and pay nothing! Elon Musk bought Twitter with non taxed money. There is more coming! Where are Trumps tax returns??! Oh I forgot they are being audited which usually takes 6 yrs. SUCH BS!

Big Bass

Get off your freakin’ soapbox.