Joe Biden releases 2016-2018 tax returns

[brooklynite]

FINANCIAL DISCLOSURES & TAX RETURNS

OGE Form 278e
2016 Delaware
2016 Federal
2017 Delaware
2017 Federal
2018 Delaware
2018 Federal

https://joebiden.com/financial-disclosure/

[trueblue2007]

1. Thanks Joe.

[Celerity]

2. $15.6 million AGI in 2017-18 nt

[brooklynite]

4. $425,000 salary from "CelticCapri"

$540,000 from University of Pennsylvania

lots of paid speeches

[Celerity]

7. CelticCapri is the shell company in Delaware that he uses for his paid speeches

Celtic and Capri were his and Jill's Secret Service Code names.

https://www.chicagotribune.com/news/chi-obama_code_names_bdnov09-story.html

[highplainsdem]

11. CelticCapri isn't a shell company. Shell companies exist only on paper and have no

employees.

From the NY Times:

The Bidens pay a staff of five to handle scheduling, media and advance work through a Delaware firm they incorporated called CelticCapri, after his and her Secret Service code names.

https://www.nytimes.com/2019/01/01/us/politics/joe-biden-presidential-campaign-2020.html

[Celerity]

12. S Corp, to be more precise

[highplainsdem]

16. Yes, and the S in S Corp stands for "small business" and not "shell"

https://en.wikipedia.org/wiki/S_corporation

S corporations are ordinary business corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.[1][2] The term "S corporation" means a "small business corporation" which has made an election under § 1362(a) to be taxed as an S corporation.[3]

[Celerity]

18. I didn't say the S in 'S Corp' stood for shell

A Miami New Times article called it (CelticCapri) a shell company,



but now moving forward (if I ever discuss it again, which is doubtful) I will use the precise terminology

[highplainsdem]

20. Yes, I noticed their misuse of the term when I was googling this. The author of that article was

either ignorant or deliberately misusing the term to try to smear Biden.

[George II]

14. Look at his Office of Government Ethics Disclosure.

[Celerity]

23. I went off his 2017 and 2018 Federal Income tax returns

https://go.joebiden.com/page/-/vpdocs/Biden%202017%20Amended%20Federal.pdf




https://go.joebiden.com/page/-/vpdocs/Biden%202018%20Amended%20Federal.pdf

[progressoid]

21. Just a paltry 4.5 million in 2018.

[Celerity]

25. In fairness to Biden, he had a negative net worth (or close to it) when he left office

[Sunlei]

32. paid 1.5 million in tax 2018 federal report.

[BeyondGeography]

3. Ka-ching

[ucrdem]

5. Locked and loaded.

Ready on day 1

[George II]

6. Have any other candidates released their Office of Government Ethics Financial Disclosures?

[StarfishSaver]

8. Hillary Clinton must be saying "WTF"?

What a difference four years make when it comes to former government officials earning good money upon leaving office.

I see absolutely nothing wrong with Biden making a boatload of money - he paid his dues in a lifetime of public service and deserves to earn the best living his experience and expertise allows
him to. I'm just disgusted that Hillary Clinton was bashed relentlessly for doing the same thing.

[tishaLA]

10. "she was doing it in heels," I said

sotto voce

[IronLionZion]

13. Shall we bash Biden relentlessly in the name of equality?

I have no problem with anyone making boatloads of money through speeches, books, or whatever our Dems are doing because it wasn't through ruining the lives of normal people like Repubs do.

[George II]

17. The big difference with Biden is that he didn't spend years trying to hide it. He announced...

...in late April, his "missing" returns (i.e., the returns when he was a private citizen) were released about ten weeks later, not four years later.

[dsc]

19. Hillary did no such thing

that is a total, complete, and utter falsehood.

[George II]

22. You're correct. Hillary Clinton released her income tax returns routinely year after year...

She released all of her tax returns going back to 2000, and her husband did so the previous eight years back to 1992.

[George II]

15. I agree on both counts. Sadly the majority of the bashing of Hillary came from one direction....

MOST of us saw no issues with Hillary Clinton, when a PRIVATE citizen, doing what she could to earn income.

[BeyondGeography]

26. Goldman Sachs was an obvious blunder...Thankfully, he seems to have steered clear of Wall St.

Biden appeared to take care to avoid the kind of backlash that 2016 Democratic nominee Hillary Clinton faced in the party primaries for delivering private speeches to Goldman Sachs and other Wall Street interests. Most of Biden’s appearances were in less politically sensitive venues.

https://www.washingtonpost.com/politics/joe-biden-earned-156-million-in-the-two-years-after-leaving-the-vice-presidency/2019/07/09/55aad492-a27e-11e9-b8c8-75dae2607e60_story.html?utm_term=.7adbfdf12a3d

[StarfishSaver]

27. Not a blunder - an excuse

Fortunately, Biden learned from Hillary's experience, but I'm sure people are going through his financials with a fine-tooth comb to find something to bash him about ... and there's always something, usually something that was never a problem before until the GOP turns it into one.

[BeyondGeography]

28. It was a blunder

Trump saying the Hardware Association owns Joe just won’t have the same impact.

[StarfishSaver]

29. Maybe not, but they'll find something else

And then, in hindsight, people will say THAT was a blunder.

[SouthernProgressive]

9. Been doing it since 98. NT

[mcar]

24. Good for him!

[Gothmog]

30. Yeah for Joe

I have no problem with Joe making money after leaving office

[Princetonian]

31. Joe was always the poorest guy in the Senate.

As I recall, at the time of his VP vetting, his total assets were under $400K unlike most of his Senate colleagues.

I am glad his private sector earned income rose after his lifetime of public service. Unlike Chump, he has nothing to hide.