Hunter Biden has been charged with nine counts of failing to file and pay taxes, tax evasion, and filing false tax returns. The 56-page court filing laid out a series of charges, including allegations that the president’s son failed to pay his taxes (even taxes that he admitted he owed), failed to file, evaded an assessment and filed fraudulently.
The indictment alleges that “rather than pay his taxes, the Defendant spent millions of dollars on an extravagant lifestyle.” The indictment alleges that, "Between 2016 and October 15, 2020, the Defendant spent this money 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."
These are serious tax charges, and while it is unlikely that Mr. Biden would get the maximum penalty even if he is convicted on all counts, that maximum potential prison time is 17 years.
Hunter Biden Criminal Tax Charges Contain Universal Tax Lessons
- by: Robert W. Wood
- 12-11-2023
- Source:
Forbes
- 12/11/2023
Weighing the options by wutzkoh is licensed under Envato Elements Envato Elements
Weighing the options by wutzkoh is licensed under Envato Elements Envato Elements
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