Politics

Bidens report nearly $620,000 in income, Harris and her husband report more than $450,000

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President Biden and first lady Jill Biden had a combined income of $619,976 last year, and Vice President Harris and her husband earned $450,299, according to the couples’ 2023 tax returns that the White House released on Monday.

The president and his wife paid an effective federal income tax rate of 23.7%, the documents showed, and paid a total of $146,629 in federal income taxes.

A president’s annual salary is $400,000, and Jill Biden works as a professor at Northern Virginia Community College, where she earned $85,985.

“Demonstrating once again his commitment to being transparent with the American people, President Biden has released the largest number of tax returns of any commander in chief while in office,” according to the White House, which added that Biden shared a total of 26 years of tax returns.

Biden’s expected opponent in this fall’s elections, former President Trump, notably refused to release his tax returns, breaking with precedent.

The president and first lady paid $181,086 in federal, Delaware and Virginia taxes combined. In addition to federal income taxes, they reported paying $30,908 in Delaware income taxes, and the first lady paid $3,549 in Virginia income taxes as a result of her work in the commonwealth.

The Bidens have donated $20,477 to 17 charities, with one of their largest contributions being a $5,000 donation to the Beau Biden Foundation, which is the same amount they have donated to the charity over the past two years. The foundation, named after the president’s late son, focuses on protecting children from threats of abuse.

They also donated $5,000 to the Women’s Wellness Space. The couple also donates to St. Joseph on the Brandywine, their parish in Wilmington, Del.; to the Tragedy Survivor Assistance Program and the National Fraternal Order of Police Foundation.

Harris and her husband, Doug Emhoff, had a combined income of $450,299 in 2023, according to their tax returns released Monday. The documents show the second couple paid an effective federal income tax rate of 19.7% and paid $88,570 in federal income taxes.

The couple paid $15,167 in California income taxes and Emhoff paid $11,599 in District of Columbia income taxes for his work as a professor at Georgetown University, where he was paid $174,994 in 2023.

They have contributed $23,026 to charities in 2023, including $5,000 to Howard University, where Harris attended college, and $5,000 to California State University Northridge, where Emhoff attended college.

Additionally, they donated $5,000 to the University of Southern California, where Emhoff studied law, and $2,500 to the DC Central Kitchen, a soup kitchen in Washington.

In 2022, the Bidens had a combined income of $579,514 and paid an effective federal income tax of 23.8%. In 2021, the Bidens earned $610,702 with an effective federal income tax rate of 24.6% before taking office.

Harris and Emhoff in 2021 had a combined income of $456,918, paid an effective federal income tax rate of 20.5%, and paid $93,570 in federal income taxes.

In 2021, the second couple had a combined income of $1,655,563 and paid an effective federal income tax rate of 31.6%. At the time, Emhoff earned $582,543 for his work as a lawyer at the law firms DLA Piper and Venable, which he left in early 2021 when Harris was sworn in as vice president.

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This story originally appeared on thehill.com read the full story

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