Biden Wants Everyone To Pay Their Fair Share But May Owe As Much As $500,000 In Back Taxes

The post Biden Wants Everyone To Pay Their Fair Share But May Owe As Much As $500,000 In Back Taxes appeared first on American Lookout.

Have you noticed that Joe Biden is starting to sound a lot like Bernie Sanders? He keeps talking about raising taxes on the rich and how he just wants people to pay their fair share.

But here’s where things get interesting.

Biden may not have paid his fair share. He may owe as much as $500,000 in back taxes.

The New York Post reported:

Biden could owe as much as $500K in back taxes, government report indicates

Republicans say a new nonpartisan report indicates President 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 child care, education and health care by targeting tax avoidance and raising tax rates on higher incomes so the rich “pay their fair share.”

A House Ways and Means Committee draft of the bill would end the accounting trick apparently exploited by Biden and boost IRS funding for audits — but the new report, drafted by the Congressional Research Service and provided to The Post, suggests Biden owes taxes under current rules, according to the congressman who requested it.

“Joe Biden wants to raise taxes by $2.1 trillion while claiming the rich need to pay their ‘fair share.’ But in 2017, multimillionaire 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.”

Unbelievable.

Maybe Biden should pay his fair share.

The post Biden Wants Everyone To Pay Their Fair Share But May Owe As Much As $500,000 In Back Taxes appeared first on American Lookout.

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Author: Mike LaChance


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