Representatives of the US republican party accused President Joe Bayiden who won the elections as a candidate from Democrats, in non-payment of taxes by 500 thousand dollars, reports New York Post.
We are talking about payments within the Medicare Health Program, which the current head of the White House allegedly owe before his entry into office. Member of the US House of Representatives, Jim Banks explained that, according to the report of the Congress Research Service, Biden illegally used the so-called S-Corporations so as not to pay taxes with fees for speeches and selling books in 2017-2018.
In total, Joe and Jill Byyden spent more than 13 million dollars through them, but less than 800 thousand declared as income. At the same time, in the report itself, the name of the US President as a violator is not mentioned, but there are similar cases of using S-corporations and suspiciously low income from which taxes are paid.
In addition, the document states that the presidential tax returns are subject to automatic verification only for the period when it is in position, that is, from 2021. This year, in the White House already indicated that the check of Biden’s S-Corporations will not be conducted, as they no longer act.
S-Corporation in the USA is called such a type of companies that do not pay for income tax, since they transfer it to their shareholders (individuals) so that they have already paid the income tax for individuals. To obtain such status, the company must comply with a number of strict requirements.
Claims to Joe Bidenu Republicans voiced against the background of the call of the head of the White House to rich Americans “pay honest taxes.” The President of the United States said that one percentage of the richest people shy away from paying 160 billion dollars of taxes, which they must give every year. He explained that this situation consists due to the lack of the tax authorities of the exact data on the revenues of the rich.