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Biden May Owe Up To $500,000 In Back Taxes

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Biden May Owe Up To 0,000 In Back Taxes

Democrat President Joe Biden, who has repeatedly demanded that the wealthy “pay their fair share” in taxes, may owe up to $500,000 in back taxes, according a lawmaker’s analysis of a new 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.

The New York Post reports:

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, multi-millionaire Joe Biden skirted his payroll taxes — the very taxes that fund Medicare and Obamacare,” Rep. Jim Banks (R-IN), chairman of the Republican Study Committee (RSC), said in a statement to the Post. “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. Every American should know about Joe Biden’s tax hypocrisy.”

Banks alleged that the report shows that Biden, who is not actually named in the report, misused “S corporations” to avoid paying Medicare tax on speaking fees and book sales while he was out of office during the Trump administration.

The Post added:

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 percent rate, the Wall Street Journal reported. The CRS report doesn’t name Biden but analyzes cases in which the IRS won a judgment against taxpayers who paid themselves suspiciously low salaries from S corporations and counted most of the revenue as “distributions” exempt from the Medicare tax. …

Tax law experts told The Post that the CRS report underscores the long-standing controversy, but that it doesn’t necessarily break new ground. They say the IRS simply doesn’t have the resources to make sure that all S corporations reasonably assess what counts as salary.

Reason Magazine’s October issued noted that Biden’s plan to beef up the IRS by $80 billion would effectively result in a world where “every one of your noncash financial transactions—a restaurant meal, a Venmo transfer to a friend, maybe some bitcoin bought on the dips—was automatically reported to a beefed-up, audit-hungry IRS.”

Read more on The Daily Wire…

Politics

Couric Admits She Edited Interview Of RBG, Cutting Justice Saying Anthem Kneelers Show ‘Contempt’ For America

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Couric Admits She Edited Interview Of RBG, Cutting Justice Saying Anthem Kneelers Show ‘Contempt’ For America
  • Katie Couric has admitted to editing out Ruth Bader Ginsburg’s controversial comments from her 2016 sit-down with the late Supreme Court Justice 
  • Couric writes that she was faced with a ‘conundrum’ while working on the story for Yahoo! News, in her scathing new memoir, Going There, released October 26
  • The former Today show host reveals Ginsburg responded negatively when asked about people who kneel for the national anthem as a protest against racism
  • The published story did include quotes from the justice calling the gesture ‘dumb and disrespectful’ but omitted more controversial remarks
  • Ginsburg had also said that such protests showed ‘contempt for a government that has made it possible for their parents and grandparents to live a decent life’ 
  • ‘…which they probably could not have lived in the places they came from…as they became older they realize that this was youthful folly,’ she added
  • Couric claims that Ginsburg, who was 83 at the time, was ‘elderly and probably didn’t fully understand the question’ 
  • She admits she ‘wanted to protect’ Ginsburg and felt that the issue of racial justice was a ‘blind spot’ for her

Katie Couric has admitted to ‘protecting’ Ruth Bader Ginsburg from public backlash by cutting out negative comments she made about people who kneel during the national anthem. 

The former Today show host reveals in her new book that she let her personal political views influence her editing decisions after her interview with the late Supreme Court justice in 2016. 

In new memoir, Going There, Couric writes that she edited out a part where Ginsburg said that those who kneel during the national anthem are showing ‘contempt for a government that has made it possible for their parents and grandparents to live a decent life.’ 

The published story, which Couric wrote for Yahoo! News in 2016, did include quotes from Ginsburg saying refusing to stand for the anthem was ‘dumb and disrespectful’, but omitted more problematic remarks. 

But Couric writes in her memoir that she thought the justice, who was 83 at the time, was ‘elderly and probably didn’t fully understand the question.’

The anecdote is the latest controversial revelation to emerge from Couric’s book, which is set to be released October 26. 

DailyMail.com previously revealed how the veteran news anchor brutally rips into her former colleagues, ex-boyfriends, and celebrities in the score-settling tome, which runs to 500 pages.

Couric, 64, writes that she always tried to keep her ‘personal politics’ out of her reporting throughout her career. 

Read more on Daily Mail

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Opinion

Biden’s Approval 10 Points Lower Than Obama’s At Same Point In Presidency

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Biden’s Approval 10 Points Lower Than Obama’s At Same Point In Presidency

President Biden’s job approval currently sits 10 points lower than that of his former boss, President Barack Obama, at the same point in his presidency in 2009.

According to approval ratings averages calculated by RealClearPolitics (RCP), Obama’s approval rating on Oct. 11 during his first year in office sat at 53 percent with a disapproval rating of 40 percent. 

During all of Obama’s eight years as president, Biden worked as his vice president. 

It has been over 12 years since the two started their time in the White House, and Biden is now sitting at an RCP average approval rating of 43 percent with a disapproval rating of 52.3 percent.

The averages calculated by RCP are pulled from a variety of polls including ones done by Fox News, Gallup, Reuters/Ipsos, Rasmussen and Monmouth.

Biden’s approval rating has been steadily dropping since he took office in January as his administration has attempted to manage a variety of blunders from the chaotic troop withdrawal from Afghanistan to the record-smashing surge of illegal immigrants crossing the southern border

Read more on The New York Post

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Opinion

Rasmussen: Growing Number of Voters Say Cheating Tainted the 2020 Election

Biden 2020 win ‘tainted,’ 56% say it was a cheater’s paradise

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Rasmussen: Growing Number of Voters Say Cheating Tainted the 2020 Election

A growing number of likely voters believe that cheating tainted President Joe Biden’s 2020 win over former President Donald Trump, and even more feel that a key Democratic election reform scheme will increase fraud.

In the latest Rasmussen Reports survey, 56% of respondents said, “It’s likely that cheating affected the outcome of the 2020 presidential election, including 41% who say it’s ‘very likely.’”

That is a significant increase from April, when 51% said “Biden’s election was tainted by cheating.”

The change comes as Trump has continued to raise election integrity charges and as Democrats have tried to force through liberal election reforms and shut down GOP state voting reforms.

In the new survey, voters told Rasmussen that they are not sold on efforts by Biden and congressional Democrats to expand COVID-era voting by mail, believing it will “lead to more cheating in elections.”

The results are a rejection of sorts of key features in House and Senate election reform bills supported by Biden and given to Vice President Kamala Harris to sell nationally.

By a 65%-28% margin, likely voters told the polling outfit that they believe more mail-in voting options will boost cheating. That included a majority, 51%, who said it is “very likely” cheating will expand.

The survey is the latest to suggest that partisans remain divided on the issue, though 95% agree with the vague goal of ending election cheating.

Read more on The Washington Examiner

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