Page 2 - டோனி நிட்டி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from டோனி நிட்டி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In டோனி நிட்டி Today - Breaking & Trending Today

Biden Used Loophole To Avoid Paying $500K In Taxes


Biden Used Loophole To Avoid Paying $500K In Taxes
Guess who cut his tax bill down a whopping $500,000 by using a tax loophole that former President Barack Obama tried to plug?
Mr. Biden and his wife, Dr. Jill Biden, routed their book and speech income through S corporations, according to tax returns the couple released this week. They paid income taxes on those profits, but the strategy let the couple avoid the 3.8% self-employment tax they would have paid had they been compensated directly instead of through the S corporations.
The tax savings were as much as $500,000, compared to what the Bidens would have owed if paid directly or if the Obama proposal had become law. ....

Jill Biden , Barack Obama , Tony Nitti , President Barack Obama , President Biden , ஜில் பிடென் , பராக் ஒபாமா , டோனி நிட்டி , ப்ரெஸிடெஂட் பராக் ஒபாமா , ப்ரெஸிடெஂட் பிடென் ,