![]() “This $61,995 gets broken down in two ways: $29,234 comes from Joe Biden’s CelticCapri Corporation, while $32,761 comes from Jill Biden’s Giacoppa Corporation. “They were back at it again, writing off $61,995 in corporate profits as exempt from payroll taxes, as evidenced on page 13 of their returns,” he said. By characterizing most of their income as profits from the corporations rather than wages, the Bidens were able to avoid payroll taxes on more than $13 million worth of income,” he explained. “Upon leaving the vice presidency in January 2017, Biden and his wife Jill established two S-corporations to handle their book and speech income.
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