- President Joe Biden and First Lady Jill Biden had a combined income of more than $ 600,000 last year.
- Vice President Kamala Harris and her husband earned almost three times more than $ 1.65 million.
- The tax returns were released by the White House on Friday.
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President Joe Biden and his wife Jill Biden earned a combined income of $ 610,702 last year, according to their joint tax returns released Friday.
Joe Biden’s presidential salary was $ 378,333, just below the typical annual salary of $ 400,000 since he took office on January 20.
First Lady Jill Biden, who teaches English and writes at a community college in Northern Virginia, won $ 67,116.
The couple paid an effective federal income tax rate of 24.6%, which reached $ 150,439 and another $ 30,765 in their home state of Delaware.
The Biden family made charitable donations totaling $ 17,394, including $ 5,000 to the Bo Biden Foundation, named after the president’s deceased son.
Last year, the couple said they had a similar figure of $ 607,336 in income.
Vice President Kamala Harris and her husband, Douglas Emhoff, said they earned $ 1.65 million last year, according to their joint tax returns.
US Vice President Kamala Harris and her husband Douglas Emhoff. Kieran Ridley / Getty Images
Unlike Biden, most of their income does not come from their salaries.
Harris said she earned $ 452,664 from her work as a writer, and the couple earned more than $ 319,000 from the sale of condominiums in San Francisco.
Harris’s vice-presidential salary reached $ 215,548, slightly lower than the typical $ 230,700 salary due to her inauguration on January 20.
Her husband, Doug Emhoff, earned $ 164,740 from his work as a professor at Georgetown Law.
He also announced that he earned $ 582,543 for his work as a lawyer at DLA Piper and Venable, which he left in 2021 when Harris took office.
They paid $ 523,371 in federal income tax at an effective federal income tax rate of 31.6 percent.
The couple donated $ 22,100 to charity, according to documents.
“With this announcement, the president shared a total of 24 years of tax returns with the American public, once again demonstrating his commitment to being transparent with the American people about the commander-in-chief’s finances,” the White House said in a statement.
Biden’s move contrasts with that of his predecessor, Donald Trump, who broke a decade-long tradition by refusing to publish his tax records.
In 2020, The New York Times received decades of Trump’s tax reports. In 11 of the 18 years the newspaper reviewed, Trump paid $ 0 in federal income taxes.
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