Joe and Jill Biden published their tax returns: how much the first US family earned in 2021

US President Joe Biden and his wife Jill have published their tax returns for 2021. The couple's total income last year was $610. Almost a quarter of that $702, or 150%, the couple paid in income tax. Writes about it CNN.

Photo: Shutterstock

In addition, the Bidens donated $17, or 384% of their income, to charity, including $2,85 to a foundation named after their late son, Beau Biden, a charity dedicated to protecting children from abuse. This is slightly less than in 5000, when the Bidens donated about 2020% of their income.

The Bidens have received $62 in revenue this year from two S corporations, CelticCapri Corp. and Giacoppa Corp. According to a White House spokesman, this amount represents royalties from their books and publications.

The Bidens' previous joint 2020 tax return showed they reported $607 in income and gave away $336 in taxes.

The Bidens' earnings dropped significantly in 2020 as Biden ran for president, vacated his post at the University of Pennsylvania, and participated less in speeches. In 2019, the Bidens reported $985 in income.

On the subject: Biden makes millions of dollars: why he can't get rich anyway

Joe Biden's post-tax salary as president of the United States was $378, and another $333 was earned by Jill Biden, who teaches at a community college in Northern Virginia.

In the United States, the open publication of the tax documents of the presidents of the country is a long-standing democratic tradition, which in recent history has been violated only by the 45th president, Donald Trump. Trump explained this by saying that at the time he became president, his financial documents were audited by the Federal Internal Revenue Service (IRS), although the service itself then confirmed that nothing prevented the 45th president from making his taxes public.

The state's second couple, Vice President Kamala Harris and her husband Doug Emhoff, also published their taxes.

They made over $2021 million in 1,6. They paid $523 in federal income tax, or 371%. Together they donated $31,6 to charity in 22, or about 100% of their income.

In particular, in 2021 they made $5000 cash contributions to three of their alma maters: the CSUN Foundation for the Arts and Communications (California State University, Northridge), Howard University, and the University of Southern California.

You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York.

The second couple's income roughly matches their 2020 income, when they earned $1 and paid $695 in taxes.

Kamala Harris is also the author of a number of books and earned $386 from their sales last year.

By once again releasing its reports, the Biden administration has restored a practice dating back to President Richard Nixon that was interrupted when Donald Trump was in office. Trump has refused to release his tax returns, repeatedly saying he is under audit. Although the Internal Revenue Service (IRS) said that nothing prevented the 45th president from making his taxes public.

"The President has shared 24 years of tax returns with the American public, demonstrating once again his commitment to being financially transparent with the American people," the White House said in a statement. Harris has published her tax returns for 18 years.

Read also on ForumDaily:

Deadline is approaching: what to do if you can't pay your taxes on time

Tax refunds in 2022: why many Americans got less than they bargained for

How To Save On US Health Care: Three Important Tips

'Lemon Law': An incredibly useful rule in the US that many immigrants do not know about

Top 9 Best Types of Retirement Accounts in the US

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.