President Joe Biden and his wife, Jill, made $579,514 last year and paid 23.8% in taxes, records show.
, made $579,514 last year and paid $137,658 in federal income taxes. That works out to a 23.8% tax rate, more than the average of roughly 14% for all U.S. households.
The Bidens' income has dropped since 2019, when they earned nearly $1 million, primarily from book sales, speeches and their teaching positions at the University of Pennsylvania and Northern Virginia Community College. The former vice president and Delaware senator often notes in speeches that he was once the poorest lawmaker in the Senate, so much so that he could not afford a home in Washington and had to commute by Amtrak.
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Bidens paid 23.8% taxes on $579,514 earnings, returns showPresident Joe Biden and his wife, Jill, made $579,514 last year and paid $137,658 in federal income taxes. That works out to a 23.8% tax rate, more than the average of roughly 14% for all U.S. households.
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Bidens report an adjusted gross income of $579,514President Joe Biden and First Lady Jill Biden reported a federal adjusted gross income of $579,514, according to their 2022 federal income tax returns released by the White House Tuesday.
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The Bidens made $579K last year, and paid a 23.8 percent tax rate, their returns showPresident Biden and first lady Jill Biden paid $137,658 in federal income taxes on $579,514 in earnings, according to their 2022 tax return provided by the White House.
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Bidens report $580,000 in 2022 income, donation to police foundationU.S. President Joe Biden and his wife Jill released their federal tax return on Tuesday, showing the couple earned nearly $580,000 last year and paid an effective federal income tax rate of 23.8%.
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