Bidens brings in $610,702 in income in 2021 in the United States | USA News®
WASHINGTON (Reuters) – President Joe Biden and his wife Jill announced earnings for 2021, their first year in the White House, that were roughly in line with the previous year at an effective federal tax rate of 24, 6%, the White House said on Friday.
The Bidens reported an adjusted federal gross income of $610,702 and paid $150,439 in federal income tax. The year before, when Biden was running for president, they reported income of $607,336.
Biden earned $378,333 on his presidential salary, slightly below what would normally be $400,000, as he took office on Jan. 20. Jill Biden earned $67,116 from her teaching job at Northern Virginia Community College.
“With this release, the President has shared a total of 24 years of tax filings with the American public, once again demonstrating his commitment to being transparent with the American people about the Commander-in-Chief’s finances,” the House said. White in a press release. statement.
Biden’s predecessor, former President Donald Trump, refused to release his statements, saying he was unable to do so while being audited by the Internal Revenue Service, even as the agency said he was free to publish them.
The Bidens donated $17,394 to 10 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.
Vice President Kamala Harris and her husband, Doug Emhoff, reported adjusted federal gross income of $1,655,563, the White House said, paying $523,371 in federal income tax for a federal tax rate workforce of 31.6%. Emhoff resigned from his law firm in 2021 and the firm is repaying his stake in the partnership over several years, a White House spokesperson said.
(Reporting by Jeff Mason; Editing by Lisa Shumaker)
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