WASHINGTON — President Joe Biden and first woman Jill Biden launched their 2021 tax returns on Friday, displaying an earnings of $610,702 throughout their first yr within the White House.
The Bidens paid $150,439 in federal earnings tax, a tax charge of 25 p.c. They additionally paid $30,765 in Delaware earnings tax and $2,721 in Virginia from the primary woman’s wage from educating at Northern Virginia Community College.
In 2020, the primary couple additionally made simply over $600,000. As president, Biden makes a wage of $400,000 a yr, together with an expense allowance of $50,000, an quantity that’s set by Congress.
Vice President Kamala Harris and her husband, Douglas Emhoff, additionally launched their tax returns, displaying they made $1.7 million in 2021, just like the quantity earned in 2020. They paid $523,371 in federal earnings tax, a tax charge of 31.6 p.c.
“With this release, the president has 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 finances of the commander in chief,” Biden stated in a press release.
Every president since Richard Nixon has launched their tax returns, aside from Biden’s predecessor, Donald Trump, who claimed he couldn’t make his returns public as a result of they have been underneath audit.
As president, Biden will mechanically be audited, a transfer that has been obligatory for the reason that Watergate scandal.
The Bidens additionally donated $17,394 to 10 completely different charities, largest of which was $5,000 to the Beau Biden Foundation. Harris and Emhoff donated $22,100 to charity in 2021.