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Pelosis Exercise MILLIONS Worth Of Stocks As Pelosi Supports SCOTUS Ethics: Report
The statute of limitations when intentional tax fraud has occurred
The public has been told that there is a six-year statute of limitations on Hunter Biden's tax returns, but there is actually no limitation when intentional tax fraud occurs, and that is clearly the case with Hunter Biden.
When it is determined that there is a substantial understatement in tax returns, the IRS will usually have six years to challenge the filing. However, this can be overturned when it is demonstrated that:
- There was a filing of a false tax return
- The taxpayer willfully attempted to evade paying taxes, or
- The taxpayer filed a false or fraudulent return
If any of the three apply, the Internal Revenue Service can audit and charge interest and penalties without any limitations period.
Update: Yesterday, speaking with Bret Baier on Fox News's Special Report, IRS whistleblower Gary Shapley lamented the expiration of the statute of limitations on some of Hunter Biden's problematic tax returns. But he should know that IRS regulations are clear:
A tax fraud offense may result in both civil and criminal penalties. The normal 3-year statute of limitations does not apply if civil fraud can be sustained
It is clear that Hunter Biden had the intent to hide his income from the IRS for years and that he had several helpers in committing the fraud. Who signed and filed the false returns for him? Was it an attorney or a CPA? Why haven't they been charged? Why don't we know their names?
Why doesn't the media care? They targeted Trump for years with little to no evidence, yet they have massive evidence on the Biden family corruption, including Joe, yet seem to have little curiosity. Could it be the "D" behind their name and the radical, leftist policies they push that causes the disinterest? The question clearly answers itself.
The methods Hunter used to evade and underpay taxes were many:
IRS supervisory special agent Gary Shapley said Hunter’s 2014 and 2015 returns involved a “scheme to evade his income taxes through a partnership with a convicted felon.” At issue was the $83,000 a month Hunter received to sit on the board of Burisma, the Ukrainian energy company. The second (anonymous) whistleblower explained that in 2014 Hunter arranged a series of “sham” transactions so he “didn’t report any of the money he earned from Burisma”—about $400,000 in 2014.
The whistleblowers say Hunter directed Burisma to pay his money to Rosemont Seneca Bohai, or RSB, an entity owned by his business partner Devon Archer, who was convicted of fraud in 2018. They say RSB would send the money to Hunter, who then “booked it as a loan.” One obvious tax problem, explains the second whistleblower, is that “you can’t loan yourself your own money.”
Mr. Shapley says this loan ruse is a “textbook” evasion scheme
The second whistleblower says 2014 records show RSB paid more than $10,000 in Hunter medical bills, and purchased a $142,000 Porsche for Hunter’s benefit via other money from a Kazakhstan businessman. The whistleblower says Hunter didn’t report this as income.
We have also seen evidence from Hunter's laptop that Hunter and Joe had a joint checking account and Hunter paid bills for Joe. If that is true and the income came from Hunter, those payments should be on a gift tax return if they totaled over $14,000 per year, which we can assume they did. So why didn't Joe make sure that those gifts were reported?
We hear a lot from Elizabeth Warren, Bernie Sanders and other Democrats that about people not paying their fair share and that wealthy people should pay huge estate taxes, so why have they been silent about the Biden's? It appears they don't really care about special people not paying taxes so they should just shut up.
Joe and Jill also structured their taxes to save huge amounts of Social Security and Medicare taxes. Their S corporations earned $10 million in 2017 yet paid only $245,833 in wages to themselves, which allowed them to avoid paying 2.9% Medicare taxes on $9,750,000 or around $300,000.
People like the Bidens, Bill Gates, and Warren Buffet always lecture others that they should pay more in taxes while they work very hard to reduce their personal and corporate taxes. Either they should stop structuring their taxes to reduce them or they should stop misleading the public that they want to pay more.
Why does the media allow Biden to continually lie about what the rich pay in taxes? He gives a speech that says the rich pay 8% when in 2020, the richest 1% paid 26% and the bottom 50% of taxpayers paid an average of 3%.
The answer to the question is that most of the media are propagandists pushing an agenda, just like Biden and facts haven't mattered for a long time.
Why do Biden and others continually get away with lying that Trump's tax rate cuts cost the government trillions when revenues have actually substantially increased? The answer again is the only thing that matters to most of the media and other Democrats is a more powerful government with less freedom and money for the people.
Nancy Pelosi hasn't said a word about the Bidens’ ethics and corruption but she is colluding with many in the media to lecture the Supreme Court about their ethics. What a joke! Nancy and her husband have achieved great wealth due to manty timely investments.
- When Nancy Pelosi lectures people about ethics it is like:
- Hillary and Bill telling people how to treat women with their history of mentally and physically harming women and seeking to destroy them.
- Biden and Hillary telling Trump about the proper handling of classified documents.
- Gore, Kerry, Obama and Gates lecturing people about controlling their carbon footprint while living in many mansions and flying in private jets.
- Obama, the WaPo, NYT, and others lecturing people about the importance of facts with their history of lying including about Russian collusion and the laptop.
Joe Biden and his son are clearly corrupt. Sadly, most of the media doesn't care and that is causing great damage to the American people. It is no surprise that so many politicians use corrupt means to achieve great wealth, with the help of a mostly compliant media especially when the corrupt politicians are leftists.
“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes. This is the way a great country is raided by its elite.” Karen McQuillan
But the Breitbart Business Digest believes Pelosi’s career ought to be defined in a different way: She is the most infamous—and one of the most successful—stock traders of all time. Her personal wealth has soared to nine figures and beyond since the financial collapse of 2008. This is largely attributed to stock trades made by her husband, Paul; and those trades were often concentrated in businesses and industries propped up by Nancy’s political policies. As famously documented by Breitbart Senior Contributor Peter Schweizer, Nancy Pelosi’s stances shifted consistently as her family made money. Currently—and thanks in part to the Speaker herself—most, if not all, of this appears to be legal.
the confessions of an inside trader: nancy pelosi
What did she just say?
https://www.youtube.com/watch?v=TFhXpFyUKQg
Watters: The Five (CRIME) Families of the Democrat Party
https://www.youtube.com/watch?v=BBpvvHethg0
Elon Musk Gets up and RIPS Nancy Pelosi to SHREDS, Evidence in showing Pelosi's Lies and Corruption!
https://www.youtube.com/watch?v=qv19kmZw8lc
DEMOCRATS RIG EVERYTHING TO PROTECT THEIR CRIMINALITY
“Our job as elected officials is to serve the people — not ourselves,” the Virginia Democrat said in a statement on Friday.
Nancy Pelosi Sits in SILENCE as Lauren Boebert UNVEIL New Facts on her in Congress
https://www.youtube.com/watch?v=49fs72UqZ6k
Internet stock traders often follow Nancy Pelosi's purchases and selloffs for investing tips, Business Insider reported, with some suggesting "she's making the big bucks off of insider information."
Pelosi, Whose Husband Traded Timely Stocks, Calls Justice Thomas Unethical
Paul Pelosi bought more than $1 million in Nvidia just before massive subsidies were voted on.
Democrats, their advocacy groups, like ProPublica, and their media outlets, like the New York Times, have launched a dishonest campaign accusing conservative Supreme Court justices of being unethical.
These attacks are coming from some of the most corrupt and unethical figures and organizations in the country like ProPublica, created by the Sandler family whose greedy actions helped cause the previous recession led them to being profiled on Saturday Night Live as people who should be shot, not to mention a former Enron executive and FTX’s Sam Bankman-Fried.
Now former Speaker Nancy Pelosi ducked out of her glass house to throw some pebbles.
Former Speaker Nancy Pelosi (D-Calif.) said Sunday that it was “shameful” that Supreme Court Justices Samuel Alito and Clarence Thomas are so “cavalier” about ethics.
Speaking of cavaliers...
Speaker of the House Nancy Pelosi found herself in the center of a firestorm following one of her husband’s most recent stock purchases, but his stock purchases have caught the media’s attention and come under scrutiny for quite some time.
Pelosi’s latest headache ignited after her husband Paul, who owns a San Francisco investment and consulting firm, bought more than $1 million in Nvidia, a computer chip company, just weeks before a congressional vote that would provide massive subsidies to the industry.
During summer 2021, Paul cashed in on big tech shortly before the House Judiciary Committee voted to curtail the “unregulated power” of companies like Google and Amazon, Fortune reported. The move, however, wasn’t considered a threat to the companies, and the tech firms’ stock prices continued to rise.
Paul, meanwhile, had purchased 4,000 shares of Alphabet, Google’s parent company, by exercising call options a week before the vote. The call options – which give investors the right to buy shares of a company at a specific price – allowed him to snag the shares of Alphabet at $1,200 a piece as they closed that day at just over $2,500, according to Fortune. Paul earned $5.3 million on the investment at the time.
A few months before the Alphabet purchase, Paul picked up millions of dollars worth of Microsoft stock just days before the company announced a lucrative government contract.
Paul exercised call options and paid $1.95 million to buy 15,000 shares of Microsoft at a strike price of $130 on March 19, Fox Business reported. That same day, Paul paid $1.4 million for 10,000 shares valued at $140.
Microsoft announced a government contract worth nearly $22 billion to supply U.S. Army combat troops with augmented reality headsets just twelve days after Paul’s purchase, and the company’s share prices increased from about $230 to roughly $255 – or close to 11% – in the weeks following the announcement.
Ethics are for little people. And conservative Supreme Court justices. And certainly not for top Dems.
Daniel Greenfield
Daniel Greenfield, a Shillman Journalism Fellow at the David Horowitz Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism.
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