Joe Biden in Trouble With IRS, Whistleblower Claims He Owes $127K

Joe Biden might be in hot water with the IRS according to a new whistleblower claim.

Complaints filed by former Capitol Hill republican aide Chris Jacobs allege that Biden and his accountant owe at least $127,000 in back taxes.

Jacobs says he is shocked that the IRS hadn’t already audited Biden years ago.

He had this to say through the New York Post:

“The fact that the IRS did not audit Joe Biden’s 2017 through 2019 returns, despite several articles publicly raising questions about the propriety of his actions, raises questions about how the IRS administers our nation’s tax laws, and whether political considerations played a role in the IRS’ decisions.”

Biden always takes every opportunity to claim that Donald Trump didn’t pay his “fair share” of taxes.

Funny how he doesn’t hold himself to that standard..

Biden, accountant hit with IRS whistleblower claim that prez owes at least $127K https://t.co/Zp1oupadBt via @nypost

— melissa jacobs (@deathrep) April 20, 2022

Our friends at the New York Post have more on this breaking story:

President Biden and his accountant are facing new IRS whistleblower complaints alleging that Biden owes at least $127,000 in back taxes.

The complaints were filed by Chris Jacobs, a former Republican aide on Capitol Hill, to coincide with Monday’s federal tax filing deadline.

“Federal agencies must implement laws on a non-partisan basis,” Jacobs told The Post. “The fact that the IRS did not audit Joe Biden’s 2017 through 2019 returns, despite several articles publicly raising questions about the propriety of his actions, raises questions about how the IRS administers our nation’s tax laws, and whether political considerations played a role in the IRS’ decisions.”

Biden and his wife, Jill, avoided paying Medicare taxes on book income and speaking fees in 2017 and 2018 by routing $13.3 million through “S corporations” and counting a small amount as eligible for the federal health care tax.

The complaint was filed by Chris Jacobs, a former Capitol Hill republican aide.

He also posted a link to the story on Twitter:

.@nypost has the story of my @IRSnews complaint against @JoeBiden and his accountant… https://t.co/YlqCKr9R0i

— Chris Jacobs (@chrisjacobsHC) April 18, 2022

IRS Whistleblower Complaint Accuses Biden of Dodging over $127K in Taxes –https://t.co/2ANjB9elp7 ✅
Via – @NeonNettle#NeonNettle

— Markku Karttunen (@MarkkuKarttune2) April 20, 2022

Here’s more on the story from Neon Nettle:

Biden and his wife, Jill, avoided paying Medicare taxes on book income and speaking fees in 2017 and 2018 by routing $13.3 million through “S corporations” and counting a small amount as eligible for the federal health care tax.

The strategy is commonly used by wealthy people to dodge the 3.8% Medicare levy on large amounts of income and experts say the IRS lacks the resources to aggressively pursue cases of underpayment.

Republicans are vowing to investigate Biden’s tax situation next year if they retake Congress and regularly accuse him of hypocrisy for urging the wealthy to pay their “fair share.”

Biden last year proposed legislation to close the tax loophole and boost IRS enforcement.

But…

Biden says it’s republicans who never pay their “fair share:”

This Tax Day and every day, I’m fighting to build an economy that rewards work — not wealth.

— President Biden (@POTUS) April 18, 2022

While Congressional Republicans are proposing big tax increases on middle-class families, I am fighting for tax cuts for the middle class and to ensure that the super wealthy and large corporations pay their fair share.

— Joe Biden (@JoeBiden) April 19, 2022

Asked if he has done his taxes, President Biden responds: "I released them already. Unlike other presidents. Every single year."

— Kyle Griffin (@kylegriffin1) April 18, 2022

What a hypocrite…

https://twitter.com/RetroTechNoir/status/1516451812878000130?s=20&t=fn9iCnX7bhcFi2MsCV012A

Breaking News: Biden, accountant hit with IRS whistleblower claim that prez owes at least $127K https://t.co/EOUo5jpMey #biden #taxes

— BreakingNews (@BNdisqus) April 20, 2022

Is anyone surprised that Biden’s tax records could be fraudulent? How could the Biden’s only made $400k a few years ago given all their investment dealings? Whistleblower Complaint Calls for Investigation Into Biden's Taxes https://t.co/dWYd4U7N0P

— Servant for the under-served (@Engr_Brad) April 19, 2022