Republicans Slam ‘Hypocritical’ Biden For Funneling $13 Million Through Tax Loopholes
TYLER DURDEN, 05 April 2021
President Biden has come under fire by House Republicans for ‘hypocritically’ using an IRS loophole to avoid paying taxes on $13 million in income for tax years 2017 and 2018, while slamming wealthy Americans for using similar schemes to minimize their tax burden, according to Fox News.
In a scathing letter from the leader of a House conservative caucus Rep. Jim Banks (R-IN), the Bidens’ used two S-corporations, the CelticCapri Corporation and the Giacoppa Corporation, to funnel proceeds from book royalties and speaking appearances, “avoiding self-employment payroll tax liabilities that would have flowed to America’s Medicare program that provides care to over 60 million seniors.” Continue reading “Article: Republicans Slam ‘Hypocritical’ Biden For Funneling $13 Million Through Tax Loopholes”
