WASHINGTON – President Joe Biden and First Lady Jill Biden released their 2021 tax returns on Friday, showing income of $610,702 during their first year. white House,
The Bidens paid $150,439 in federal income tax, a tax rate of 25 percent. She paid $30,765 in Delaware income tax and $2,721 in Virginia from the salary of the first lady to teach at Northern Virginia Community College.
in 2020, The first couple also made just over $600,000. As president, Biden will receive a salary of $400,000 per year as well as spending allowances of $50,000, an amount determined by Congress,
Vice President Kamala Harris and her husband, Douglas Emhoff, also released their tax returns, showing they earned $1.7 million in 2021, the same amount as they earned in 2020. He paid $523,371 in federal income tax, a tax rate of 31.6 percent.
“With this release, the president shares a total of 24 years of tax returns with the American public, reiterating his commitment to being transparent about the commander-in-chief’s finances with the American people,” Biden said in a statement. performs.”
every president since Richard Nixon Except for Biden’s predecessor, Donald Trump, who claimed he could not make his return public because he under audit,
As president, Biden will be automatically audited, a move that has Mandatory since the watergate scandal
Bidens also donated $17,394 to 10 different charities, the largest of which was $5,000 to the Beau Biden Foundation. Harris and Emhoff donated $22,100 to charity in 2021.