THREAD: If anyone thinks #SCOTUS decision to take the #Obamacare case helps @JoeBiden over @BernieSanders and @realDonaldTrump, you might want to read along.
@JoeBiden has his own #Obamacare problem -- he didn't pay his #Obamacare taxes. 1/
thefederalist.com/2019/07/31/joe…
@JoeBiden @BernieSanders @realDonaldTrump Last July, @WSJ reporter @RichardRubinDC analyzed @JoeBiden's tax returns. He found that Biden and his wife funneled most of their book/speech income through an S-Corporation... 2/
wsj.com/articles/joe-b…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC By funneling more than $13 MILLION through their S-Corporation as profits, rather than wage income, @JoeBiden and @DrBiden avoided as much $500,000 in payroll taxes... 3/
wsj.com/articles/joe-b…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden The tax experts @RichardRubinDC interviewed in @WSJ said @JoeBiden @DrBiden had "no reason" for their income to get funneled through an S-Corp, "other than to save on self-employment tax..." 4/
wsj.com/articles/joe-b…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden One expert @RichardRubinDC interviewed in @WSJ said @JoeBiden @DrBiden tax avoidance strategy was "pretty aggressive."
wsj.com/articles/joe-b…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden Another tax expert in @RichardRubinDC @WSJ implied @JoeBiden @DrBiden tax evasion is "pretty cut-and-dried. If you’re speaking or writing a book, it’s all attributable to your efforts."
wsj.com/articles/joe-b…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden This latter expert in particular thinks @JoeBiden @DrBiden should have taken ALL of their income as wages -- and paid self-employment taxes on same -- rather than as profits from their S-Corporation, which aren't subject to payroll taxes... 7/
wsj.com/articles/joe-b…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden Here's why, to use @JoeBiden's phrasing, his questionably-legal tax avoidance strategy is a BFD: One of the self-employment taxes he avoided was created by #Obamacare... 8/
thefederalist.com/2019/07/31/joe…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden Section 9015 of #Obamacare created a 0.9% payroll tax increase on income above $200K individual/$250K family.
By funneling over $13 million as corporate profits, @JoeBiden avoided paying over $100K in #Obamacare taxes... 9/
thefederalist.com/2019/07/31/joe…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden .@JoeBiden also avoided paying a 2.9% self-employment tax that funds #Medicare on over $13 million in income by taking that income as corporate profits rather than wages... 10/
thefederalist.com/2019/07/31/joe…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden So how much does @JoeBiden really love #Obamacare if he and @DrBiden went to such great lengths -- which some tax experts said might be illegal -- to avoid paying #Obamacare taxes? 11/
thefederalist.com/2019/07/31/joe…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden As with @TomDaschle and Charlie Rangel before him, @JoeBiden demonstrates how @TheDemocrats love raising taxes -- but don't love paying them... 12/
thefederalist.com/2019/07/31/joe…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden @TomDaschle @TheDemocrats As to @JoeBiden's claim to love #Obamacare, the facts prove otherwise. He had an opportunity to put his money where his mouth was -- quite literally -- and went to great lengths to avoid doing so... 13/
thefederalist.com/2019/07/31/joe…
@JoeBiden @BernieSanders @realDonaldTrump @WSJ @RichardRubinDC @DrBiden @TomDaschle @TheDemocrats So please spare me the nonsense that @JoeBiden really loves #Obamacare -- that is, to use Biden's own vernacular, a load of #Malarkey. END
thefederalist.com/2019/07/31/joe…
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