Breaking News: Hunter indicted on 3 charges

Concart said:
Biden made more in 2017 than he had in the previous ten years combined. Why? Book deals and speaking engagements. Being VP to the first Black President gets you good book deals.

The income from those LLCs (which are not divisible from an individuals other income) came from those book deals and speaking engagements.

OH, THE HORROR!!!!
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Biden won't show how much he made on his Book or his lectures or his bribery scheme.
 
christiefan915 said:
I'd have to see the returns from 2017, because this article said they paid taxes. I also found the schedule K-1 on his 2019, 2020, 2021 and 2022 returns on the whitehouse.gov site.

"The former vice president and 2020 presidential contender and his wife Jill Biden reported about $10 million in income in 2017 from a pair of S-corporations, CelticCapri and Giacoppa. The two entities were paid for the couple’s book deals and speaking gigs.

The S-corps reported another $3.2 million in income in 2018."

https://www.whitehouse.gov/briefing-room/statements-releases/2023/04/18/the-president-and-vice-president-release-their-2022-tax-returns/
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Did you see Biden abused the S corp to avoid paying 3.8 % of his taxes on his income ? He paid himself just 2% in salary on what he really earned.

At issue is whether the tax returns included an appropriate estimate for “reasonable compensation” that would be subject to the self-employment and Medicare taxes. The Bidens’ 2017 tax return showed about $145,000 in earnings for Joe Biden and $100,000 for Jill Biden subject to such taxes, out of income of about $10 million in S corporation revenue. Their 2018 return showed $300,000 in earnings for Joe Biden and $200,000 for Jill Biden subject to the Medicare taxes, out of about $3.2 million in income.

In other words, about 2 percent of the S corporation income in 2017 and about 13 percent in 2018 was listed as wages. That caught the attention of tax specialists.

The Wall Street Journal quoted Steven Rosenthal, a senior fellow at the Tax Policy Center, as saying that to the extent that the Bidens’ income came directly from the couple’s consulting and public speaking, “to treat those as other than compensation is pretty aggressive.”
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https://www.washingtonpost.com/poli...essive-use-tax-loophole-hes-trying-shut-down/

The IRS requires you to pay yourself a "reasonable income" from your S corp. Just 2% of the multiple millions that Biden made was not a reasonable income. He is a tax cheat just like Hunter.. What happened to the rich should pay their fair share?
 
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Democrats should seize on the Hunter Biden gun charges to pass universal background checks

... call it Hunter's Law and then force Republicans and The NRA to vote against it. :laugh:
 
christiefan915 said:
I'd have to see the returns from 2017, because this article said they paid taxes. I also found the schedule K-1 on his 2019, 2020, 2021 and 2022 returns on the whitehouse.gov site.

"The former vice president and 2020 presidential contender and his wife Jill Biden reported about $10 million in income in 2017 from a pair of S-corporations, CelticCapri and Giacoppa. The two entities were paid for the couple’s book deals and speaking gigs.

The S-corps reported another $3.2 million in income in 2018."

https://www.whitehouse.gov/briefing-room/statements-releases/2023/04/18/the-president-and-vice-president-release-their-2022-tax-returns/
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Did he real his Form 1120S ?
 
ExpressLane said:
You do you think taught Hunter his criminal ways.
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Agreed. Joe took inappropriate showers with his own daughter. What Dad does that? Nobody I know. Anyone who engages in something like that should be behind bars where they belong.
 
Stone said:
Agreed. Joe took inappropriate showers with his own daughter. What Dad does that? Nobody I know. Anyone who engages in something like that should be behind bars where they belong.
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^^^
Claims to be a Christian. Breaks several of Ten Commandments daily.
 
Poor Richard Saunders said:
Hunter Biden now eligible to run for President as a Republican!!!
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That's for "white collar" criminals doing shit like election fraud, mishandling classified documents, or embezzlement. Bagman on the other hand is doing drug dealer / gangasta shit like they do down in the hood...

You just go to prison for that kind of crap. There you can brush up on all the latest dope from your fellow career criminals...
 
ExpressLane said:
Maybe on the gun possession charge but not on the false statement charges. Remember when the FBI convicted Flynn for lying to a federal agent for doing something that it was legal for him to do. You guys were 100% for that.
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Yeah, but Hunter was in possession of a firearm while intoxicated on an addictive, (mind-altering) stimulant drug, probably Crack Cocaine or Crystal Methylamphetamine. Being in possession of a firearm while you are "off your tit" on a Class (A) drug can have lethal results. The prosecution should take this (drug) factor into account and "throw the book" at the bastard. Hunter also dumped the hand gun he (illegally) purchased into a public trash bin near a school. What if some kid or some local nut-case had discovered it before it was retrieved ?


Dachshund - the WONDER HOUND

DLM....Dachshund Lives Matter
 
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Dachshund said:
Yeah, but Hunter was in possession of a firearm while intoxicated on an addictive, (mind-altering) stimulant drug like Crack Cocaine or Crystal Methylamphetamine. Being in possession of a firearm while you are "off your tit" on a Class (A) drug can have lethal results.


Dachshund - the WONDER HOUND

DLM....Dachshund Lives Matter
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Hunter is protected, His father has done heroic work for the Revolution.
 
christiefan915 said:
I doubt you ever looked into it. You'll probably call this fake news.

"The National Rifle Association is in a bit of trouble. The New York state attorney general sued to dissolve the organization that's at the center of the gun lobby. The NRA is a nonprofit accused of diverting money from its charitable mission. Our colleague, Tim Mak, has been investigating where some of the money went.

TIM MAK: We're talking about things like millions of dollars in private jets, lavish meals, fancy vacations to Europe and the Bahamas. There's six figures in luxurious suits for Wayne LaPierre personally from Rodeo Drive...

...It's got a revolt by some of its own members. It's got serious financial troubles. In 2018, 2019, it could barely even pay its own employees. It's got multiple congressional investigations that have looked into its financial misconduct. And the New York attorney general is currently engaged in litigation with the NRA, trying to dissolve the entire organization because of what they've identified as tens of millions of dollars in corrupt spending over just a few years...

...A lot of people feel kind of betrayed by Wayne LaPierre because as the organization began to collapse, he turned his back on a lot of his close friends, tried to blame them for his decisions and his actions and his - what he calls kind of management by chaos."

https://www.npr.org/2021/11/02/1051363337/misfire-takes-a-hard-look-at-nepotism-fraud-and-corruption-in-the-nra
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What has become of it?

I hope any misuse of funds is investigated and those who have misused funds are convicted.
That said, the millions of decent citizens are being accused of these same crimes? They must
be if this AG wants to "dissolve" the whole organization. Be careful what you wish for, it's this
organization that trains law enforcement, holds competitions and supports them.
 
christiefan915 said:
Here's a link for the 2022 form, all 37 pages of it. Check for yourself. He reported $5K+ of non-passive income from the two S corporations. I'll have to research if he was required to submit form 1120-S in addition to all the other forms on his 1040. I suspect the devil's in the details and this is another attempted gotcha from repugs..

https://www.whitehouse.gov/wp-conte...US-2022-Tax-Returns-Final-Signed-Redacted.pdf
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The IRS requires you to pay yourself a "reasonable income" from your S corp. Just 2% of the multiple millions that Biden made was not a reasonable income. He is a tax cheat just like Hunter.. What happened to the rich should pay their fair share?
 
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