The White House released the tax returns of President Joe Biden and Vice President Kamala Harris. This is stated in a press release published by the White House.
“The President and First Lady filed a joint tax return and reported income of $ 607,336. The Bidens paid $ 1,574. 14 in federal income tax and their 2020 federal income tax rate is 25.9 percent,” the report said.
The President and First Lady also filed a Delaware income tax return and reported that they had paid $ 28,794 in taxes. The First lady also released her Virginia income tax return and said she paid $ 443 in taxes.
The Bidens also donated $ 30,704 – or about 5.1% of their total income-to 10 different charities.
“The Vice President and the Second Gentleman reported a federal income of $ 1,695,225. They paid $ 621893 in federal income tax, which is the effective federal income tax rate for 2020 of 36.7 percent. They also paid $ 12,004 in income tax in California, and Mr. Emhoff paid $ 56,997 in income tax in the District of Columbia. In 2020, they donated $ 27,006 to charity,” the White House said in a statement.