Joe Biden Is Lying About His Income, His Tax Dodging, and His Tax Increases

Oct 19, 2020 by

Biden's tax plan doesn't have a single pro-business aspect: Trump advisor  Stephen Moore

10.18.20 – Epoch Times

“Joe Biden Is Lying About His Income, His Tax Dodging, and His Tax Increases”

By Thomas Del Beccaro

https://www.theepochtimes.com/joe-biden-is-lying-about-his-income-his-tax-dodging-and-his-tax-increases_3543219.html?utm_source=morningbriefnoe&utm_medium=email&utm_campaign=mb-2020-10-19

Excerpts from this article:

The turbulent U.S Election is just weeks away. Democrat Joe Biden, who has always portrayed himself as a regular Joe, an ordinary guy, wants you to believe that he is still that regular Joe and that he is just going after the rich guys. He is lying on all counts.

…He said, once again, that no one making under $400,000 would face a tax increase. Then he said, he didn’t make that much and he didn’t think anyone at the event did either.

That too was deceitful. You see, according to the Wall Street Journal, Joe Biden Earned $15.6 Million in Two Years After Leaving Office. A considerable part of that income was in the form of a three book deal, which was estimated to be worth $8 million.

Ask yourself if you have ever seen a book by Joe Biden, let alone three.

According to Politico, it is worth noting that the Biden deal followed “a similar book deal former president Barack Obama and former first lady Michelle Obama.It is also worth noting that the company that paid Biden such a handsome sum of money Macmillan Publishers Ltd. Macmillan is an historic British brand. Who owns and controls Macmillian now? Answer: The German Holzbrinck Group. In other words, a German company. Now ask yourself how Germany feels about President Trump.

There is still more.

Given the outcry over the recent alleged Trump tax returns, you would think Joe Biden was a tax saint, would you not? The answer is: of course not.

Instead, Joe Biden and his wife “used” American tax laws to reduce their tax burden. Keep in mind, Biden’s income was mostly the book deal fees, speaking income and teaching – the kind of stuff that requires ordinary Americans to pay ordinary income taxes and self-employment taxes.

The Biden’s “reduced” their tax burden using two corporations: CelticCapri Corp. and Giacoppa Corp. The Biden’s then paid themselves a “salary” on part of their income BUT they circumvented the payroll tax on the nearly 95% of their income that remained.”

In doing so, in that questionable manner, the Bidens avoided approximately $385,000 in Medicare taxesand here is the kicker. The Bidens also avoided paying $120,000 in Obamacare taxes. You know, the law Biden and Democrat claims is necessary to save American healthcare. Biden literally, personally, defunded part of Obamacare—not exactly saintly.

This from the guy who said it patriotic to pay higher taxes.

So, there you have it.

Ordinary Joe Biden, who is demanding a tax increase on Americans, did his best to avoid paying taxes on his million upon millions of his ordinary income. At the same time, he is deceiving Americans about his income while he plans the largest tax increase in history.

Keep that in mind this November as well.

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