When it comes to charity, President Biden and Vice President Harris were lower than their American compatriots, according to a review of their tax returns.
President and First Lady Jill Biden reported $ 610,702 in income for 2021 and paid $ 183,925 in federal and state taxes. The couple donated $ 17,394 to charity, or about 2.8%. That’s about 0.3 percent less than the average charitable deduction for Americans earning between $ 500,000 and $ 2 million, according to 2016 data from the Nonpartisan Tax Policy Center.
In Harris’s case, the discrepancy was worse. The vice president and her husband, second gentleman Doug Emhoff, earned $ 1,655,563 in 2021 and paid $ 523,371 in federal income taxes. The couple donated $ 22,100 – or 1.3% – to charity. The figure is significantly lower than the average 3.1% donated by those earning between $ 500,000 and $ 2 million.
The difference in giving between the Biden and Harris families was first reported by Fox News. Data from the Center for Tax Policy show that the poorest Americans are by far the most generous, with those making less than $ 50,000 donating charitable donations donating 8.4 percent.
Biden’s largest charitable donation in 2021 was a $ 5,000 donation to the Bo Biden Foundation, named after his son who died of cancer in 2015. Biden was significantly more generous in 2020, donating $ 30,704. dollars of his income to charity, or about 5%.
Vice President Kamala Harris and her husband donated $ 22,100 to charity in 2021. Anna Moneymaker / Getty Images President Biden reportedly donated more in 2020 than in 2021. Drew Angerer / Getty Images
The Beau Biden Foundation is officially dedicated to protecting children from abuse, but unofficially it has long served as a clearing house for Biden’s entourage to collect fat salaries.
The organization’s executive director, Patricia Daily Lewis, was Delaware’s deputy attorney general, while Bo Biden was AG. It collected $ 150,660 in 2020, including a $ 3,500 bonus, records show. Joshua Alcorn, another longtime political adviser to Biden, earned $ 131,437 as chief operating officer, although he has since resigned. Board members include President Biden Hunter’s troubled son, as well as Bo Hally Biden’s widow.
The charity has spent only 58% of its funds on its stated mission – well below the highest-rated philanthropic organizations, industry experts said.
Critics have criticized President Biden’s charity, the Beau Biden Foundation, for misusing donations. Scott Olson / Getty Images The Biden administration has said the president is tax-exempt compared to his predecessor, Donald Trump. Samuel Corum / Bloomberg via Getty Images
“The program rate of 58 percent does not reflect a high level of financial efficiency,” Lori Styron, CEO of CharityWatch, told The Post.
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