If they really wanted to, they could put both of them away for a log time, but they wont.
Biden: Hiding In Plain Sight
Biden: Hiding In Plain Sight | ZeroHedge
According to
detailed information, Joe and Jill Biden declared a total of $4,122,376 in pretax income on their federal tax returns for tax years 2001 through 2016 -- this works out to an average of $257,648 annually during the sixteen-year period when he finished his career as senator and, later, became vice president. Leaving aside, for the moment, fair questions concerning how Biden managed to sustain living costs for his large family from his home in Wilmington and also save for retirement, his years with educator Jill Biden do not appear to show proven ability to derive investment income, or garner outsized compensation. Yet, things were to change dramatically and for the better, days following the beginning of the Trump-Pence administration.
Trump and Pence inherited a stumbling economy after the anemic Obama-Biden recovery and the disastrous final years of the Bush-Cheney administration. According to data from the Consumer Expenditure Survey put out by the federal Bureau of Labor Statistics,
the top ten percent of households in America saw their pretax incomes decline 8.3 % from $269,644 (on average) in 2016 to $247,174 (on average) in 2017.
In stark contrast, Joe and Jill Biden saw their pretax income climb from $338,464 in 2016 to a whopping $9,578,639 in 2017 -- an amount that was more than 28 times Biden pretax income for the prior year and more than twice, in just one year, total Biden pretax income for a 16 year period from 2001 through 2016.
What accounted for this enormous Biden family windfall in a single year, when even the top 10% of American households suffered pronounced declines in their pretax incomes? Initial answers found in Biden tax returns warrant further inquiry, including whether the IRS line agents trying to investigate suspicious Hunter Biden activities were restricted in plowing what appears now to be fertile ground in his father’s joint tax filings for 2017. Buried back on page 23 of a 103-page tax filing for 2017, we learn that two subchapter S corporations, each formed in 2017, somehow managed to send more than $10 million dollars together in their first partial years of operation, to the Bidens.
The first entity -- CelticCapri Corp -- generated $9,490,857 for the Bidens in just eleven months of existence during 2017. This total amount is more than $860,000 per month, which represents a heroic if not completely unbelievable result for a start-up. What products or services did CelticCapri provide? Who else was involved operating this business? How were other participants compensated? And, what pre-formation actions were taken before late January 2017, when CelticCapri was formally organized in Delaware? The second entity -- Giacoppa Corp -- made $557,882 for the Bidens in nine and one-half months, or more than $58,000 per month in a start-up year and the same sorts of questions raised about CelticCapri should be answered about Giacoppa. The American people deserve to understand why the IRS, FBI, and Department of Justice rarely target difficult-to-explain wealth-building by dynastic political families such as the Bidens and Clintons, but mount furious assaults against families like Donald Trump’s which built outsized wealth for decades, well before entering politics. Let truly serious investigations begin.
www.zerohedge.com
