Bidens reports $ 610K in income, Harris and husband report $ 1.65M | WDVM25 and DCW50

(The Hill) – President Biden and First Lady Jill Biden earned a total income of $ 610,702 last year, while Vice President Harris and her husband earned more than $ 1.65 million, according to documents released by the White House Friday based on the couple’s 2021 tax returns.

The president and his wife paid an effective federal income tax of 24.6 percent, the documents showed. These numbers are comparable to 2020, when Bidens earned $ 607,336 at an effective federal income tax rate of 25.9 percent before joining.

“With this release, the President has shared a total of 24 years of tax returns with the American public, demonstrating once again his commitment to being transparent with the American people about the Commander – in – Chief’s finances,” the White House said in a statement.

Bidens’ tax returns showed that Joe Biden earned $ 378,333 as president, a proportionate amount of the $ 400,000 annual salary that the president receives since he first took office on January 20 last year.

First Lady Jill Biden earned $ 67,116 in her job as a professor at Northern Virginia Community College. The president and first lady also reported $ 61,995 in book royalties.

Bidens donated $ 17,394 across 10 different charities, the White House said, with the largest contribution a $ 5,000 donation to the Beau Biden Foundation. The charity, named after the president’s deceased son, focuses on protecting children from the threat of abuse.

The president and first lady also released their state income tax, which showed they paid $ 30,765 in Delaware income tax. The first lady also reported that she paid $ 2,721 in income tax in Virginia as a result of her job in the Commonwealth.

Meanwhile, Vice President Harris and her husband, Doug Emhoff, had a total income of $ 1,655,563 in 2021, according to their tax returns released Friday. The documents show that the other couple paid an effective federal income tax rate of 31.6 percent and paid $ 523,371 in federal income tax.

The figures for the second pair are roughly the same as in 2020, when they had a total income of almost $ 1.7 million.

Harris earned $ 215,548 in his role as vice president, a proportionate amount of the $ 230,700 annual salary that vice presidents earn and earned $ 400,000 from book sales. Emhoff earned $ 582,543 for his work as a lawyer for law firms DLA Piper and Venable, which he left in early 2021 when Harris was sworn in as vice president. He also earned $ 164,740 by teaching a class at Georgetown University’s Law School.

Harris and her husband donated $ 22,100 to charity. In addition, their state income tax showed that they paid $ 120,517 in California income tax and $ 2,044 in New York income tax. Emhoff also individually paid $ 54,441 in Washington, DC, income tax.

Biden has released his tax returns each of his first two years in office, and he did so while campaigning for president. Former President Trump broke with decades of tradition by refusing to release his tax records as a candidate or while in office, claiming he was under review throughout. Experts repeatedly noted that he could have released his returns regardless of whether he was under audit.

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