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Biden may owe up to $500k in back taxes, report says
Sep 23, 2021 | FOX Business
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President Biden may have improperly avoided paying Medicare taxes before he took office and could owe the IRS up to $500,000, according to a Congressional Research Service report.

"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," said Rep. Jim Banks, who chairs the conservative Republican Study Committee.

Banks said the report indicated that Biden improperly used "S corporations" while he and First Lady Jill Biden raked in over $13 million on speaking fees and book sales in 2017 and 2018, but counted less than $800,000 of it as a salary that could be taxed for Medicare.

BIDEN DOUBLES DOWN ON $3.5 TRILLION PLAN THAT MANCHIN, MODERATE DEMS OPPOSE: 'NOT ABOUT SHORT-TERM STIMULUS'

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