Tuesday, December 12, 2023

Hunter Biden Faces 17 Years in Prison After Spending Millions On Lavish, Hard-Partying Lifestyle While Dodging Taxes: Special Counsel; What Hunter Biden Spent Money On Instead Of His ‘Fair Share’ Of Taxes, Alimony, And Child Support

Hunter Biden faces 17 years in prison after spending millions on lavish, hard-partying lifestyle while dodging taxes: special counsel:
Hunter Biden was indicted Thursday on nine charges — including three felonies — in part for allegedly dodging more than $1 million in taxes while living a hard-partying, “extravagant” life over a four-year period.
The three felonies leveled against President Biden’s 53-year-old son — who faces a maximum penalty of 17 years in prison if convicted on all counts — include one count tax evasion for his 2018 personal taxes and two counts of filing a false return for his 2018 personal taxes and on a corporate income tax return for his company Owasco, PC.
He has also been hit with six misdemeanor counts of failure to pay and failure to file charges for the 2016, 2017, 2018 and 2019 tax years.
“The Defendant engaged in a four-year scheme to not pay at least $1.4 million in self-assessed federal taxes he owed for tax years 2016 through 2019,” special counsel David Weiss wrote in the 56-page indictment out of the Central District of California.
“In furtherance of that scheme,” Weiss noted that Hunter “subverted the payroll and tax withholding process of his own company, Owasco, PC by withdrawing millions from Owasco, PC” and “spent millions of dollars on an extravagant lifestyle rather than paying his tax bills.”
Biden spent his cash on “drugs, escorts and girlfriends, luxury hotels and rental properties, exotic cars, clothing, and other items of a personal nature, in short, everything but his taxes,” according to the indictment.
Weiss highlighted that Biden used a business line of credit to make more than $27,000 in payments to a porn site, “which in total accounted for one fifth of all of the business line of credit expenditures.”
The porn payments were among nearly $189,000 the first son spent on “adult entertainment” while not paying taxes, according to Weiss, including a $10,000 payment for a sex club membership that he expensed as a “golf club membership.” --->READ MORE HERE
Jimmy Kimmel/YouTube/edited in Canva
What Hunter Biden Spent Money On Instead Of His ‘Fair Share’ Of Taxes, Alimony, And Child Support:
Hunter had plenty of money to spend on taxes but chose to waste his millions on an ‘extravagant lifestyle’ and escorts.
Special Counsel David Weiss announced on Thursday that he charged Hunter Biden with three new felony counts of tax evasion and six misdemeanor counts of failure to pay taxes.
The charges did not mention any punishment for the president’s son over his role in the Biden family’s international influence-peddling scheme but they did offer more details about the lavish lifestyle that payments from foreign oligarchs fueled for the youngest Biden.
Financial documents included in the 56-page indictment show Hunter had plenty of money to spend but chose to waste millions on an “extravagant lifestyle” instead of paying his “fair share in taxes,” making alimony payments to his ex-wife, or sending money to his fourth child Navy Joan Roberts.
Weiss’ charging document specifically states that Hunter “continually stonewalled the production of financial records” to both his ex-wife and his baby mama in an attempt to avoid paying them.
The nature of Hunter’s latest charges should anger President Joe Biden who has a long history of insisting that the “super wealthy” need to pay their taxes.
The Democrat campaigned on the rhetoric during the 2020 race, repeated the mantra several times after taking office, and even used it during the rally to kick off his 2024 reelection campaign. --->READ MORE HERE
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