An old Biden tax return has come under new examination as a result of recent claims linking President Joe Biden to a corruption scandal that originated in Ukraine during the time he served as vice president.
In 2020, USA Today published a piece on President and first lady Jill Biden’s 2017 tax returns in which it was claimed that Joe Biden’s memoir made more than $10 million while Jill Biden’s book made roughly $3 million. This is when the narrative really got going. According to the report, Joe Biden earned more than $4 million in speaking fees, while Jill Biden earned more than $700,000.
Bob Anderson expressed concern that two S corporations the Bidens established — his is called CelticCapri Corp and hers is called Giacoppa Corp — appeared to be receiving more money than he would have expected while musing on the Federalist and wondering where the alleged ill-gotten gains of Hunter Biden had gone.
Anderson is once more shaking his head at the money, according to an article he wrote for the Federalist, amid claims on an FBI FD-1023 form that documents unverified claims that an informant was informed there was a bribery scheme taking shape in which Joe Biden and Hunter Biden were each paid millions.
Biden’s returns, he said, “provided no detail regarding the source of most of his income, dollars that flowed to him and his wife Jill by way of S corporations they set up shortly after his departure from the office of vice president. Those entities, CelticCapri Corp (his) and Giacoppa Corp (hers), contained more than $13 million of the $17 million the couple had reported in income after Biden left office, most of it in the first year (2017),” he wrote.
Noting the USA Today claim that $10 million came from Joe Biden’s book deal, Anderson wrote, “Follow the source link provided to that $10 million number, though, and you’ll end up at Joe Biden’s campaign website with financial disclosure links to only their individual returns — no S corporation tax returns. So, in reality, readers were left with a smokescreen.”
For those not familiar with the term, according to the IRS, “S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates.”
With questions growing about the Biden family’s finances, the question Anderson raised is reverberating through Congress, according to Breitbart.
“Biden should disclose and every member of the press ought to hound him until he does,” Republican Sen. Ron Johnson of Wisconsin said.
Biden only needs to share documents with Republicans, according to South Carolina Republican Rep. Nancy Mace, to demonstrate his innocence.
“If he’s serious about proving our allegations wrong he should release his and his family’s unredacted bank records and show the American people where all this money is coming from. The FBI can’t protect him forever,” she said.
Republican Rep. Eli Crane of Arizona agreed.
“The fact that there are credible claims signaling that a foreign national bribed the president of the United States with cash in exchange for influence over U.S. policy decisions is appalling. The American people deserve to know who paid the Bidens and what exactly they were paid for,” he said.
“It would shock no one in this town if Joe Biden received millions of dollars from selling out the country in a bribery scheme and then hid that money in shady shell companies,” he said.
On Thursday, House Oversight Committee Chairman James Comer, a Kentucky Republican, spoke about the scale of what he thinks has flowed to the Biden family from foreign sources.
“We have more bank records coming in, we’re going to exceed $10 million this week. And I think we’ll get up to between $20 and 30 million,” Comer said, according to the New York Post.
“We’re going to continue to follow the money,” Comer said, adding, “This is going to be hard for Joe Biden to explain.”
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