US: Biden, wife release tax return, showing $620,000 in income
The 2023 tax returns of President Joe Biden and First Lady Jill Biden reveal an income of approximately $620,000. This figure marks a 7% increase from their earnings in the previous year. The majority of this income comes from their professional roles, with the president's salary being $400,000 and the first lady earning $85,985 as an English teacher at Northern Virginia Community College.
Additional earnings and tax payments detailed
In addition to their professional salaries, the Bidens' income includes earnings from investment interest, pensions, and a corporate entity managing their book royalties. Their federal tax payment amounted to 23.7% of their income, totaling $146,629. State taxes were also paid with the President contributing $30,908 in Delaware and the First Lady paying $3,549 in Virginia.
Bidens uphold tradition of transparency
The White House released a statement noting, "President Biden thinks that all occupants of the Oval Office should be open and honest with the American people and that the tradition of annually releasing presidential tax returns should continue unbroken." This approach contrasts with former President Donald Trump's decision not to voluntarily disclose his tax returns during his term.
Bidens' charitable donations in 2023 revealed
The Bidens' charitable donations for the year 2023 amounted to $20,477, distributed among 17 different charities. Notable contributions include a $5,000 donation to the Beau Biden Foundation, named after the president's late son. Smaller donations were made to various organizations such as the Fraternal Order of Police, a Wilmington fire station, and St. Joseph on the Brandywine.
Vice President Harris and Emhoff's 2023 earnings disclosed
The White House also released the tax return for Vice President Kamala Harris and Second Gentleman Doug Emhoff. Their combined income for 2023 was reported as $450,299. They paid federal income tax amounting to $88,570, California income tax of $15,167, and District of Columbia income tax totaling $11,599. Their charitable donations for the year came to $23,026.
