While the Bidens paid federal income taxes on all their income, they did not have to pay self-employment taxes on these millions of dollars in profits. The Bidens saved as much as $500,000 in self-employment taxes by taking most of their compensation as profits from the corporation, as opposed to salary.
The Journal cited multiple tax experts who called the Bidens’ move “pretty aggressive,” and a “pretty cut and dried” abuse of the system.
Say it ain’t so Gropin’ Joe! Taxes for we but not for thee?
This is a good example of “The Thing” about taxes for me. If you think taxes should be higher, pay more. I’m fine with that; a man oughta do what he thinks is right.
I don’t think they should be higher, so don’t try to force me to pay more. Especially when you’re not doing it yourself.
Well, we do know that he and his siblings did an enormous amount of tax fraud getting the wealth transferred from their father to avoid paying estate taxes.
I’m tired of this stupid ■■■■■■■■ brain dead argument. People don’t advocate for higher taxes for the sake of higher taxes. They advocate for policy that is paid for by higher taxes. It’s about policy, stupid (not referring to anyone specific).
