Joe Biden’s Hypocrisy Exposed as Funds Continue to Flood In

“Lunch Bucket” Joe Biden, champion of the union worker and little guy, likes to criticize millionaires and billionaires for “not paying their fair share” to the IRS.

However, the President himself has experience in making millions and using tax laws to minimize his tax obligations.

His double standard is highlighted in the footnotes of Special Counsel Rob Hur’s recent report on Biden’s mishandling of classified documents.

During the investigation, Hur analyzed the files seized by FBI agents from Biden’s residences and offices, revealing personal folders containing the Bidens’ financial details.

The prosecutor discovered a motive for Biden’s improper retention of hundreds of classified documents when he left the vice president’s office in January 2017: greed.

Motivated by Profit

Just a month after departing the White House, Biden shared classified information with the ghostwriter of his memoir, indicating his intention to profit from writing about his time as Vice President, as stated in Hur’s report.

An entry in Biden’s notebook mentioned his desire to write a book about his vice presidency for profit.

Shortly after packing up classified materials from his office, Biden signed a book deal for “Promise Me, Dad” and an agreement with the University of Pennsylvania.

Subsequently, Biden created an S-corporation, CelticCapri, to manage his income and reduce his tax burden.

The income from his book deal, speaking engagements, and other sources was directed through the S-corp, minimizing his tax liability.

Similarly, Jill Biden established an S-corp named Giacoppa to manage her earnings from writing and speaking engagements.

During the same period, the Bidens declared a significant joint income, with a significant portion flowing through their respective S-corps.

The use of S-corps allowed them to minimize their tax liability by categorizing income as non-wage distributions.

While legal, Biden’s tax strategy undermines his criticism of wealthy individuals for not paying their fair share of taxes.

In his budget proposal, Biden advocated for a billionaire minimum tax of 25%, emphasizing the importance of high-income individuals paying their due taxes.

However, his own tax practices raise questions about his commitment to this principle.

Paul Sperry is a senior reporter for ­RealClearInvestigations. Follow him on X: @paulsperry_