President Biden and First Lady Jill Biden earned a combined $619,976 last year, while Vice President Harris and her husband earned $450,299, according to the couple’s 2023 tax returns released by the White House on Monday. Ta.
According to the documents, the president and his wife paid an effective federal income tax rate of 23.7%, totaling $146,629 in federal income taxes.
The president earns $400,000 a year, but Jill Biden earned $85,985 from her job as a professor at Northern Virginia Community College.
“Reiterating his commitment to transparency with the American people, President Biden has released the most tax returns of any commander in chief during his time in office,” the White House said. It added that a total of 26 tax returns had been released. Years of tax returns.
It is noteworthy that former President Trump, who is expected to be Biden’s opponent in this fall’s election, has broken precedent by refusing to release his tax returns.
The president and first lady paid a total of $181,086 in federal, Delaware, and Virginia income taxes. In addition to federal income taxes, they reported paying $30,908 in Delaware income taxes, and the first lady reported paying $3,549 in Virginia income taxes as a result of her federal work.
The Bidens have donated $20,477 to 17 charities, with one of their largest donations being a $5,000 donation to the Beau Biden Foundation, the most donated to charities in the past two years. The amount is the same as the amount paid. The foundation, named after the president’s late son, focuses on protecting children from the threat of abuse.
They also donated $5,000 to Women’s Wellness Space. The couple also donates to St. Joseph on the Brandywine, a parish in Wilmington, Delaware. Donations to the Tragedy Assistance Program for Survivors 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 second couple applied an effective federal income tax rate of 19.7 percent and paid $88,570 in federal income taxes, according to the documents.
The couple paid $15,167 in California state income taxes, and Emhoff paid $11,599 in District of Columbia income taxes for her teaching job at Georgetown University, giving her a 2023 salary of $174,994.
They donated $23,026 to philanthropy in 2023, including $5,000 to Howard University, where Harris attended college, and $5,000 to California State University, Northridge, where Emhoff attended college.
He also donated $5,000 to the University of Southern California, where Emhoff attended law school, and $2,500 to DC Central Kitchen, a community kitchen in Washington.
In 2022, the Biden family earned a combined $579,514 and paid an effective 23.8% federal income tax. In 2021, the Bidens earned $610,702 at an effective federal income tax rate of 24.6% before taking office.
In 2022, Mr. Harris and Mr. Emhoff had a combined income of $456,918, an effective federal income tax rate of 20.5%, and they paid $93,570 in federal income taxes.
The second couple’s combined income in 2021 was $1,655,563 and they paid an effective federal income tax rate of 31.6 percent. At the time, Emhoff was making $582,543 for his work as an attorney at law firm DLA Piper & Venable, but left the firm in early 2021 when Harris became vice president.
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