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Why is the Secret Service paying Biden to protect him and why is Biden taking TAX deductions for it?
This is insane! AND - he only gave 1% of his income to charity last year.
http://www.whitehousedossier.com/2012/04/14/biden-...
Vice President Joe Biden last year earned $20,900 in rental income from the Secret Service, which is paying him to host agents on his property so they can protect him.
Most high-profile people in need of protection pay people to keep them safe. Government officials are allowed to have taxpayers pick up the tab. Biden is unique in that he actually gets paid by his bodyguards for the right to protect him.
Biden’s tax records list rental income of $20,900 from a “cottage” on is property, which is reportedly being leased by the Secret Service and paid for at a rate that could earn him even more money next year.
Biden took deductions for mortgage interest and taxes that allowed him to report only $12,653 of the amount on his federal tax return.
10 Answers
- dakotaviperLv 79 years agoFavorite Answer
He's just like every Liberal out there. They have that me-first mentality. Liberals will go the distance in finding loop-holes in the tax code to avoid paying taxes. But, they want to close those same loop-holes to Conservatives. You know, it has been a proven fact that Conservatives give more to Charities. Even those Charities that Liberals say that they support.
- Anonymous9 years ago
This is another example of why the tax laws need to be changed. Our current tax laws work on a sliding scale, unfortunately the scale slides towards the money. In our system the more you make the more you are allowed to keep and with all of the available loopholes, there is a lot of money at the top. It has been said many times and many places that money is the root to all evil. It is something about it for those that don't have it, but they desire it and given the circumstances will be willing to do almost anything to get it. Those that have it no matter how nice they are they are not just going to give it away and there are those that have it and are willing to do anything to get more of it.
I sit in that 28% percent tax bracket, work two jobs, get paid every week and still can't afford to take my wife out for a nice dinner and a movie. He made more than I did last year in that rental income only. And sadly if I was in his position I probably would have taken that legal tax break myself. I don't care on which side of the street you live, it is an unfair system. That's the number one reason that they want President Obama sidelined, in their world he is a whistle blower. America there is a lot of money sitting on the sidelines now collecting interest while most Americans are living day by day, losing money everyday Know that money is being taken away from us. VOTE DEMOCRAT 2012. and close the tax gap.
- The BeastLv 69 years ago
i am not by any means a biden fan. but this is a simple law of market value. he could rent that out to anyone for a price, probably more than what he's getting from the ss. if they came to an arrangement that works for both, it's good, not bad.
- PaladinLv 79 years ago
if the Secret Service was protecting me, I would put them up in a spare room and even make them dinner. If I had a spare "cottage" they could stay there for free
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- Anonymous9 years ago
These eltist politicians will always get away with this. They wont stand and put a stop to this because they are all doing it. When things are too hard for them to cover up, nothing happens to them anyway ala TIme Geithner and Charles Rangel
btw....I keep seeing Jill BIden on a commercial saying that we need to give more to whatever organization it is she is representing....I thought they would have pulled that by now
- Anonymous9 years ago
You are not taking into consideration that Biden provides Prostitutes for the secret service so they do not mind paying extra, saves the taxpayers money by not having to send them to Columbia. (DAYDOOM sayed it.)
- TeeknoLv 79 years ago
Because that Secret Service needs a command post on his property, and there's no other place for them to be, so they lease that from him.
And just because he rents out some of his property doesn't mean that he is disqualified from taking the same residential mortgage deduction that you and I get to take.
- Anonymous9 years ago
You must not know about rental properties in America.
A lot of people have them for tax savings purposes...
Source(s): Accounting 101. - 9 years ago
Wow, you twisted the heck out of this one or you did not read your source. Nice try. Remember just the facts, maam.
- Paul Grass™Lv 79 years ago
Its a scam Biden knows how to play the system and he does. They should say hey Joe your on your own
Source(s): Paul Grass, PhD, Verminologist Level 7 YA user/if in doubt check the level out May God bless you ,the USA and may God keep us safe from the progressive axis of evil;0bama,Pelosi & Reid