From WSJOpinion: “ObamaCare is personal to me,” says Joe Biden. So why does he continue to take advantage of loopholes to avoid paying the taxes that fund it? asks chrisjacobsHC
By Chris Jacobs Sept. 30, 2020 1:53 pm ET Joe Biden slammed President Trump at Tuesday’s debate for both his tax policies and his personal tax management: “The tax code that put him in a position that he pays less tax than on the money a schoolteacher makes,” Mr. Biden said, “is because of him.” The reference was to the Tax Cuts and Jobs Act, which Mr. Trump signed in 2017.
From the opinion pages of The Wall Street Journal, critical perspective and analysis on developments from Washington Yet Mr. Biden has taken advantage of the tax code to avoid paying the taxes that fund ObamaCare. I reported in August that in 2017 and 2018 Mr. Biden and his wife, Jill, characterized large amounts of book and speaking income as corporate profits rather than taxable wages, allowing them to circumvent Medicare and ObamaCare payroll taxes, of 2.9% and 0.
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