Biden’s $10M Earnings in 2017 Don’t Add Up

James Comer (R-KY), Chair of the House Oversight Committee plans to subpoena records linked to then Barack Obama’s vice president Joe Biden’s corporation, “CelticCapri Corp.”

Biden received nearly $10 million in 2017 without specifying revenue line items.

“The money they refer to was funneled through the CelticCapri LLC, Joe Biden’s LLC that he supposedly used to receive speaking fees and sell his book,” Comer said. “His speaking fees and books don’t add up to what the total was he disclosed on taxes.”

“So that’s an LLC account. It wasn’t a shell company — that was a real LLC account with more earnings in there than what we can find,” Comer added. “So that is an account we plan to subpoena as we follow the money.”

A look at Biden’s numbers reveal suspicious activity:

• Biden claims he netted $12.2 million for a book deal.

• His book deal sold almost 300,000 copies.

• $4.2 million of his income was allegedly from speaking.

Senator Ted Cruz (R-TX), a speaker and writer himself, says he “can believe that he probably got pretty good speaking fees, that that’s plausible. That means he’s claiming $8 million of income came from book royalties.”

“Now let’s do some math,” Cruz analyzed. “His book had a retail price of $27 for hardcover, $18 for paperback. If you assume a reasonable mix of sales, the average price was $23.”

“On 300,000 books sold, the gross revenue everyone makes is just under $7 million,” he continued. “What Joe is alleging is they paid him $8 million to generate $7 million. The book publisher lost a million dollars and got no money for printing the book.”

“Typically, an author, if you were just receiving a royalty, would have received about 12%,” Cruz added. “A typical blended royalty, you’d get about 15 percent for hardcover. About 7.5 percent for paperback is typical. If Joe was receiving 12 percent of $7 million, he would have yielded about $800,000. He’s claiming he got $8 million. That math doesn’t add up.”

Rep. Eli Crane (R-AZ), stated, “It would shock no one in this town (Washington DC) if Joe Biden received millions of dollars from selling out the country in a bribery scheme and then hid that money in shady shell companies.”

“The President seems to find selling out our country funny. We don’t,” Rep. Nancy Mace (R-SC), noted. “If he’s serious about proving our allegations wrong, he should release his and his family’s unredacted bank records and show the American people where all this money is coming from. The FBI can’t protect him forever.”

This is interesting, in that freshman representative Mace once blamed the January 6 Capitol protest on President Trump, despite the fact Trump urged his supporters to protest peacefully.

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