Monday, May 23, 2022
HomePoliticsWhite House releases Biden's 2021 tax returns

White House releases Biden’s 2021 tax returns

NEWYou can now listen to Fox News articles!
President Joe Biden and First Lady Jill Biden reported a federal adjusted gross income of $610,702 last year, according to their 2021 federal income tax returns released by the White House Friday.The president and first lady filed their income tax return jointly, and paid $150,439 in federal income tax. Their 2021 effective federal income tax rate is 24.6%.DNC LAUNCHES TAX DAY AD BUY IN KEY STATES, CLAIMING A GOP TAX PLAN COULD ‘RAISE TAXES’The first couple also reported contributions of $17,394 to 10 different charities in 2021 — with the largest gift, $5,000, being donated to the Beau Biden Foundation. The White House says the foundation is a public charity dedicated to ensuring that all children are free from the threat of abuse.The first couple on Friday also released their Delaware income tax return, and reported paying $30,765 in state income tax.
President Biden and first lady Jill Biden speak with the NORAD Tracks Santa Operations Center on Peterson Air Force Base, Colo., via teleconference in the South Court Auditorium on the White House campus in Washington, Friday, Dec. 24, 2021.
(AP Photo/Carolyn Kaster)The first lady also released her Virginia income tax return and reported paying $2,721 in Virginia income tax.The first lady teaches at Northern Virginia Community College.The White House said that these tax returns mark Biden’s release of a total of 24 years of tax returns to the public.The Biden’s 2021 tax returns are similar to 2020, but include the president’s presidential salary. An annual presidential salary is $400,000, however, because he took office on Jan. 20, 2021, Biden reports making $378,833 last year. BIDEN’S $5.8T BUDGET PROPOSES ONE OF THE LARGEST’ INVESTMENTS IN US NATIONAL SECURITY AMID WAR IN UKRAINEIn 2020, the first couple earned $607,336, which was down from the $985,223 they reported in 2019.
United States Vice President Kamala Harris and her husband Douglas Emhoff are seen leaving France at Orly Airport on November 13, 2021 in Paris, France.
(Marc Piasecki/Getty Images)Meanwhile, Vice President Kamala Harris and Second Gentleman Douglas Emhoff also released their 2021 federal income tax return, as well as their state income tax returns for California, New York and the District of Columbia. The second couple also filed jointly. Harris and Emhoff reported a federal adjusted gross income of $1,655,563. The returns reveal the couple paid $523,371 in federal income tax. Their federal income tax rate in 2021 was 31.6%.Harris and Emhoff also paid $120,517 in California income tax, $2,044 in New York income tax.The returns revealed Emhoff paid $54,441 in income tax for the District of Columbia.
U.S. President Joe Biden
(REUTERS/Kevin Lamarque/File Photo)The second gentleman teaches at Georgetown University Law Center and is required to file a D.C. return to pay D.C. income tax. Emhoff resigned from the law firm DLA Piper LLP in January 2021. A White House official said as is typical with law firms, the firm is returning his partnership stake over a number of years. In 2021, Emhoff’s income from the law firm included income from sources within New York state, requiring the filing of a New York tax return and payment of New York income tax.Harris and Emhoff contributed $22,100 to charity in 2021.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

%d bloggers like this: