Hunter Biden’s ‘Fair’ Tax Share - WSJ Opinion
The IRS team recommended that Hunter be prosecuted on felony charges of tax evasion for 2014 and false tax filings and a misdemeanor charge for 2015 of failure to pay tax. Yet because the U.S. Attorney waited so long to make a prosecutorial decision, the six-year statute of limitations expired. Hunter thus won’t pay taxes on more than $400,000 in unreported income for these years.
Nice tax break there.
Also notable are Hunter’s filings in 2018 and 2019, for which the IRS team also recommended felony charges of tax evasion and false returns. The second whistleblower testified that Hunter underreported his income for 2018 by anywhere from $267,000 to $500,000—depending on how conservatively the IRS counted.
So, in a period of 5 years, he underreported between $667,000 to $900,000 in income. And that’s a misdemeanor?