According to their tax returns, the Bidens earned $579,514 in the previous year and paid a tax rate of 23.8 percent @POTUS
225
0
0
0
0
225 Views
0 UpTweet
0 Favorites
0 Likes
0 Dislikes
President Joe Biden and first lady Jill Biden reported an income of $579,514 for the 2022 tax year and paid $137,658 in federal income taxes, resulting in an effective tax rate of 23.8%. They also donated $20,180 to 20 different charities, with the largest donation of $5,000 going to the Beau Biden Foundation.
The Bidens owed $4,632 to the IRS and hit the $10,000 cap on state and local tax deductions, paying $29,023 in Delaware state income tax and $3,139 in Virginia state income tax. The income mainly came from the President's $400,000 salary, and Jill Biden's income was $82,335 from her teaching position.
Vice President Kamala Harris and her husband Doug Emhoff reported a combined federal income of $456,918, including Harris' vice presidential salary and Emhoff's reported income of $169,665 from Georgetown University.
Vice President Kamala Harris and her husband Doug Emhoff reported a combined federal income of $456,918, including Harris' vice presidential salary and Emhoff's reported income of $169,665 from Georgetown University.
They paid $93,570 in federal income taxes and an effective tax rate of 20.5%, with $17,612 paid in California state income taxes and $9,697 in District of Columbia state income tax. They donated $23,000 to charity and owed $611 to the IRS.
