So much for paying your fair share.
According to the New York Post, President Biden may owe the government a hefty sum after failing to pay taxes before taking office; it may be as much as $500,000.
“Joe Biden wants to raise taxes by $2.1 trillion while claiming the rich need to pay their ‘fair share.’ But in 2017, multimillionaire Joe Biden skirted his payroll taxes — the very taxes that fund Medicare and ObamaCare,” said Rep. Jim Banks (R-Ind.), chairman of the conservative Republican Study Committee.
“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,” Banks said. “Every American should know about Joe Biden’s tax hypocrisy.”
Biden is currently pushing a $3.5 trillion dollar spending package and plans to pay for it by raising taxes on wealthier Americans, asking them to “pay their fair share.”
“[Rep.] Banks said the report shows Biden improperly used ‘S corporations’ to avoid paying Medicare tax on speaking fees and book sales in 2017 and 2018,” according to the Post.