May 17, 2021 • Disclosures
Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition. With this release, the President has shared a total of 23 years of tax returns with the American public.
The President and the First Lady filed their income tax return jointly and reported federal adjusted gross income of $607,336. The Bidens paid $157,414 in federal income tax and their 2020 effective federal income tax rate is 25.9 percent.
The President and First Lady also reported donating $30,704 – or about 5.1 percent of their total income – to 10 different charities. The largest reported gift to charity was $10,000 to the Beau Biden Foundation, a public charity dedicated to ensuring that all children are free from the threat of abuse.
President Biden, Vice President Harris Release Their 2020 Tax Returns
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Joe Biden, Kamala Harris release tax returns; US V-P paid $621,893 in taxes
The US Vice President and second gentleman Doug Emhoff paid $621,893 in federal income tax, amounting to a 2020 effective federal income tax rate of 36.7 per cent
PTI | May 18, 2021 | Updated 08:05 IST
US President Joe Biden and US Vice President Kamala Harris
US President Joe Biden and Vice President Kamala Harris on Monday released their tax returns, according to which in 2020, she had an income of more than $1 million as compared to his $607,336.
The President and the first lady, Jill, a teacher, filed their income tax return jointly and reported federal adjusted gross income of $607,336, down from $985,223 in 2019. The first couple paid $157,414 in federal income tax and their 2020 effective federal income tax rate is 25.9 per cent, the White House said.
Updated: 9:50 AM EDT May 18, 2021 By JOSH BOAK, Associated Press Video above: President Biden on corporate tax reformPresident Joe Biden restored a long-standing presidential tradition Monday by releasing his tax returns, showing that 25.9% of the first couple s income went to the federal government in 2020. The average federal income tax rate is just over 14%.Here s a breakdown of what Biden and Vice President Kamala Harris paid in taxes.The BidensThe president and First Lady Jill Biden, a teacher, earned $607,336 last year while he was running for president. Biden campaigned on the transparency of his personal finances, releasing 22 years worth of tax filings ahead of the 2020 election. Biden s predecessor, Donald Trump, declined to release his tax returns, a precedent that the new administration rejected. I would expect that we will continue to release the president s tax returns, as should be expected by every president of the United States, White House Press
Joe Biden and Kamala Harris release their tax returns
Joe Biden and Kamala Harris release their tax returns
Washington, May 18: US President Joe Biden and Vice President Kamala Harris on Monday released their tax returns, according to which in 2020, she had an income of more than USD 1 million as compared to his USD 607,336.
The President and the first lady, Jill, a teacher, filed their income tax return jointly and reported federal adjusted gross income of USD 607,336, down from USD 985,223 in 2019. The first couple paid USD 157,414 in federal income tax and their 2020 effective federal income tax rate is 25.9 per cent, the White House said.
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