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REPORT ABUSIVE MESSAGE
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Biden could owe as much as $500K in back taxes, government report indicates
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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.” “Joe Biden wants to raise taxes by $2.1 trillion while claiming the rich need to pay their ‘fair share.’ But in 2017, multi-millionaire Joe Biden skirted his payroll taxes — the very taxes that fund Medicare and Obamacare,” said Rep. Jim Banks (R-Ind.), chairman of the conservative Republican Study Committee.
“According to the criteria CRS provided to my office, he owes the IRS and the American people hundreds of thousands of dollars in back taxes,” Banks said. “Every American should know about Joe Biden’s tax hypocrisy.”Report in link [ link to nypost.com (secure)]
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