The Bidens made $579K last year, and paid a 23.8 percent tax rate, their returns show

Authored by politico.com and submitted by YokedMF
image for The Bidens made $579K last year, and paid a 23.8 percent tax rate, their returns show

The numbers closely mirrored those from last year, when the Bidens reported paying $150,439 in federal income taxes on $610,702 for an effective tax rate of 24.6 percent.

White House officials again released copies of the first family’s tax returns on Tax Day as a demonstration of transparency. Former President Donald Trump had refused to do so while in office and during the 2016 presidential campaign, claiming repeatedly that he was under government audit. With the release of their 2022 taxes, Biden has shared 25 years worth of tax returns that include his years as vice president and an earlier presidential run, according to the White House.

Much of the couple’s income was via the president’s $400,000 salary. Jill Biden was paid $82,335 for her teaching position at Northern Virginia Community College.

The Bidens, who filed their returns jointly, also reported paying $29,023 in state income tax in Delaware, where they have two homes. The first lady reported paying $3,139 in Virginia income tax.

The Bidens hit the $10,000 cap on state and local tax deductions, called SALT, a product of Trump’s tax law and derided by Democrats in high-cost states. They also paid more than $2,000 in additional federal taxes imposed by the Affordable Care Act.

Other charitable donations include $4,000 to Tragedy Assistance Program for Survivors; $2,000 to the Fraternal Order of Police Foundation; $1,680 to St. Joseph on the Brandywine (the Bidens’ home parish); $1,125 to Westminster Presbyterian Church; $1,000 each to Cranston Heights Fire Company and Ministry of Caring.

Vice President Kamala Harris and her husband, second gentleman Doug Emhoff, paid $93,570 in federal income taxes last year, with an effective tax rate of 20.5 percent.

Their combined federal earnings were $456,918, including Harris’ vice presidential salary and a reported $169,665 from Georgetown University, where Emhoff, an intellectual property and business lawyer, joined the Law Center’s teaching ranks in January 2021.

The couple paid $17,612 in California income taxes, and Emhoff paid $9,697 in District of Columbia income tax.

The couple contributed $23,000 to charity during the year. They owed $611 to the IRS.

The income figures for Harris and Emhoff were far below what they reported in prior years when Emhoff was still practicing law. When Harris campaigned for president in 2019, they released 15 years of tax returns, including earning about $2 million in 2018.

Hot-Championship4603 on April 19th, 2023 at 11:25 UTC »

I love how boring the Bidens are

Bluewolf94 on April 19th, 2023 at 07:24 UTC »

And he didn't kick and scream and moan about it either.

ranchoparksteve on April 19th, 2023 at 04:03 UTC »

These are numbers that make sense to me. The Donald Trump numbers are completely impossible, at least impossible and legal at the same time.