Hunter Biden cheated on his sister-in-law with hookers funded by his daughter’s college fund
Tiana Lowe Doescher
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Until Rep. Matt Gaetz (R-FL) and the crazy eight joined Democrats to torpedo the speakership of Rep. Kevin McCarthy (R-CA), Republicans in the lower chamber were actually making astounding headway into proving the case that President Joe Biden was personally profiting from his son’s overseas influence peddling with avowed American adversaries, including while the eventual president was running for the office in 2019.
Alas, while the House has been brought to a standstill and its impeachment inquiry stagnated after just one hearing, the Daily Mail continues to deliver the goods on Hunter Biden.
On its face, this story shouldn’t matter to the political question of whether Joe Biden was compromised. According to the Mail, Hunter Biden withdrew $20,000 in December of 2018 from his daughter’s college fund to pay for hookers and drugs. The kicker here is not just that Hunter Biden was cheating on his current girlfriend, his sister-in-law Hallie, or that he was prioritizing prostitutes and crack over paying child support for his illegitimate daughter Navy Joan, who was born just a few months prior. It is that the Biden family funds were fungible enough that Hunter Biden was allowed to siphon off five figures from a 529 account belonging to someone else and that he reportedly still has not paid the requisite taxes on it, a full five years later.
Even before we had the wire transfer clearly showing Joe Biden, in Delaware, as the beneficiary of Chinese cash scored by Hunter Biden, who was living in California at the time, we had countless pieces of proof, including Hunter’s email claiming as much, that proved Biden family cash, like wives, were essentially communal. Now we have the literal receipts.
But consider the actual account that Hunter liquidated. Although he repeatedly calls it a “528,” Biden is clearly referring to a 529 plan, a tax-advantaged account like a 401(k), but specifically intended for higher education spending. Pulling money out of 529 for non-qualified expenses — presumably “hookers and crack” are not tantamount to university tuition or textbooks — triggers not only a tax bill on the investment incoming incurred but also a 10% penalty.
The only way the withdrawal penalty is waived is if the beneficiary dies, becomes disabled, receives a tax-free or employer-sponsored scholarship, attends a military academy, or uses the expenses to generate two highly specific tax credits. Considering that Hunter and Joe had to directly lobby the University of Pennsylvania to score admission for the daughter in question, she evidently didn’t receive a scholarship, and again, a drug and hooker binge by the father of the beneficiary certainly does not qualify as an educational expense.
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And yet, despite years of the IRS investigating Hunter Biden’s relentless tax evasion, the Mail claims that he still hasn’t paid taxes on the withdrawal.
Considering what the IRS whistleblowers have already warned us, it’s safe to assume that the unpaid tax bill here is no mere accident.