Biden, first lady earns nearly $611,000 in 2021, tax returns show

US President Joe Biden and first lady Jill Biden leave Air Force One as they arrive at RAF Mildenhall ahead of the G7 Summit, near Mildenhall, Britain June 9, 2021.

Kevin Lamarque | Reuters

President Joe Biden and first lady Jill Biden released their 2021 tax returns Friday, showing earnings of $610,702 in their first year in The White House.

The Bidens paid $150,439 in federal income tax, a 25 percent tax rate. They also paid $30,765 in income taxes in Delaware and $2,721 in Virginia from the first lady’s salary from teaching at Northern Virginia Community College.

In 2020, The first couple also earned just over $600,000. As president, Biden receives a salary of $400,000 a year, along with a $50,000 expense allowance, an amount set by Conference.

Vice President Kamala Harris and her husband, Douglas Emhoff, also released tax returns, showing they earned $1.7 million in 2021, the same amount earned in 2020. They paid $523,371 in income taxes. federal income tax rate 31.6%.

“With this release, the president has shared a total of 24 years of tax returns with the American public, once again demonstrating the commander in chief’s commitment to transparency with the American people about his finances,” Biden said in a statement. Father.

Every president since Richard Nixon released their tax returns, with the exception of Biden’s predecessor, Donald Trump, who stated that he could not make his tax returns public because they had under audit.

As president, Biden will automatically be audited, a move that has been Obligatory since the Watergate scandal.

The 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.

Subscribe to CNBC on YouTube.

WATCH: President Biden speaks on Supreme Court confirmation Ketanji Brown Jackson

Source link


News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button