The federal tax return of US Vice President Joe Biden and his wife Jill Biden was made public, and it revealed that the couple had an annual income of about $580,000 and had paid an effective federal income tax rate of 23.8%. They gave 20 charity around 3.5% of their income. Tax returns will be made public before to the 2024 presidential election, in which Joe Biden is likely to run for re-election.
The Bidens reported adjusted gross income of $579,514 and paid $137,658 in federal income tax. Joe Biden’s salary as US President is $400,000 while Jill Biden earned $82,335 from her job at Northern Virginia Community College. Rest of the couple’s income came from investment interest, pensions, annuities and distributions from retirement accounts, the joint tax return showed.
Their donations included contributions to churches and organizations focused on helping children and first responders.
US Vice President Kamala Harris and her husband Doug Emhoff also released their tax returns. The couple reported federal adjusted gross income of $456,918. They paid $93,570 in federal income tax for a federal income tax rate of 20.5%.
The income included $219,171 in salary paid to Kamala Harris as the US Vice President and $62,870 from her books. Doug Emhoff earned $169,665 earned for teaching at Georgetown University Law Center. The couple contributed roughly 5% of their income to charity, the joint return showed.