Off-Topic: Dementia Joe is a hypocrite on taxes as well
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Name:
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MartiniMan
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Subject:
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Dementia Joe is a hypocrite on taxes as well
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Date:
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9/27/2021 1:21:49 PM
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Turns out that he and Dr. Jill, PhD, a doctor you know, avoided paying hundreds of thousands of dollars in self-employment taxes by moving their $13M in earnings from book sales through s-corps. So while he is complaining that the rich don't pay their fair share he does everything he can to avoid paying taxes. As a forensic accountant pointed out, there is literally no reason for these earnings to be run through an s-corp, other than to avoid taxes. As one who knows s-corps like the back of my hand I can assure you that this accountant is 100% correct. This is not an operating business....this is a commonly used vehicle to reduce tax liability. And a smart one at that.
And I would never critique anyone for doing so unless of course they are some politician decrying the rich for not paying enough in taxes. Dementia Joe is a class A hypocrite on taxes....period, end of story, full stop. But we already knew they operate under a different set of rules than the rest of us commoners.
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