Republicans Should Investigate Why The IRS Let Biden Off The Hook For His Sketchy Tax Filings

Evidently, the Internal Revenue Service doesn’t listen. As Congress was about to pass a spending spree, which included funding for almost 87,000 IRS employees last summer, I suggested that Democrats should demand that the IRS audit the White House occupant to examine his tax history.

To give a brief background, in 2017, Biden and his wife, Jill, devised a scheme to funnel most of their book and speech income through two S-corporations, using a loophole that Biden’s own administration now wants to eliminate. Taking most of that income as corporate profits rather than wages allowed the Bidens to avoid paying 3.8 percent in payroll taxes — the first 2.9 percent assessed by Medicare and a 0.9 percent levy imposed by Obamacare — on the corporate profits. They saved over $500,000 on taxes by using this strategy.