WASHINGTON, April 17 – President Joe Biden and his wife Jill released their tax returns Friday, showing the couple earned more than $ 600,000 last year and paid an effective tax rate of 24.6%.
Biden also donated about 2.8% of their income, or $ 17,384, to charities, including $ 5,000 to the Beau Biden Foundation, which works to prevent child abuse. Beau Biden, the president’s son, died of cancer in 2015.
The practice of presidents making their public tax refunds public was violated by Biden’s predecessor, former President Donald Trump. Trump said he was unable to do so during an investigation by the Internal Revenue Service, as the agency said he was free to release them.
Bidens reported adjusted corporate income to $ 610,702 and paid $ 150,439 in state income tax. Last year, when Biden ran for president, they reported $ 607,336.
Biden earned $ 378,333 of his presidential salary, which is slightly less than the $ 400,000 incumbent since he took office in Jan. 20. Jill Biden received $ 67,116 for her teaching career at Northern Virginia Community College.
The couple received $ 103,258 in taxes on taxes, pensions, pensions, IRA distribution, and Social Security benefits and $ 61,995 in book fees.
“With this release, the president has shared a total of 24 years of taxes with the American public, reaffirming his commitment to exposing the American people to the chief executive’s finances,” the White House said in a statement. statement.
Deputy President Kamala Harris and her husband, Doug Emhoff, reported a fixed adjustment of $ 1,655,563, the White House said, paying $ 523,371 in state income tax with an effective tax rate of 31.6%.
Emhoff resigned from his law firm in 2021 and the company has been paying off part of its relationship within a few years, a White House spokesman said.
Last year he received $ 582,543 from his law firm DLA Piper, which he left last year, and Venable, which he left in 2017.
Harris book sales increased in 2021 and made a profit of $ 386,713 for those.
Emhoff, who teaches Georgetown Law, and Harris made $ 380,288 of the combined income and an estimated $ 319,000 in selling their house in San Francisco.
They have contributed about 1.3% of their salary, or $ 22,100, to charity, according to information from the White House.