Everyone knew Democrats were nothing but hollow shells of hypocrisy and evil, but this is a whole new level of deranged.
Joe Biden, who has repeatedly demanded that the wealthy “pay their fair share” in taxes, reportedly owes more than $500,000 in back taxes, according to a recent non-partisan congressional report.
The report comes as Biden is pushing his party to pass a massive $3.5 trillion bill that has been widely criticized as a leftist wish list, which comes as inflation rates have skyrocketed under Biden’s presidency. The report also comes as Biden is trying to beef up the IRS by $80 billion to crack down on what he claims are people not paying their taxes.
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, which directly fund Medicare and Obamacare — the very policy his former administration saddled the American with.
It doesn’t get much more hypocritical than that!
According to the report, both Joe and Jill Biden avoided paying Medicare tax on their speaking fees and books sales during the Trump administration by misusing their S corporation status.
Biden and first lady Jill Biden routed more than $13 million through S corporations and counted less than $800,000 of it as salary eligible for the Medicare tax — exempting the rest from what would have been a 3.8% rate.
Biden’s plan to beef up the IRS by $80 billion would effectively result in a world where every one of our noncash financial transactions—a restaurant meal, a Venmo transfer to a friend, cryptocurrency purchases —was automatically reported to the IRS desperate to fund the administration’s spending measures.
If Joe Biden succeeds in bolstering the IRS, Janet Yellen, Elizabeth Warren, et al will push a massive, intrusive financial suveillence system in the name of closing the “wealth gap,” but will result in more government overreach and a total lack of financial privacy.
Author: Elizabeth Tierney
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