President Joe Biden and his wife Jill reported earnings for 2021, their first year in the White House, that were roughly in line with the previous year at an effective federal income tax rate of 24.6%, the White House said on Friday.
American lawyer, attorney general of Delaware, son of Joe Biden WASHINGTON -President Joe Biden and his wife Jill released their federal tax returns on Friday, showing the couple earned more than $600,000 last year and paid an effective federal income tax rate of 24.6%.
The tradition of presidents making their federal tax returns public was broken by Biden's predecessor, former President Donald Trump. Trump said he was not able to do so while being audited by the Internal Revenue Service, even as the agency claimed he was free to release them. Biden earned $378,333 with his presidential salary, slightly below what would normally be $400,000 in pay because he entered office on Jan. 20. Jill Biden earned $67,116 from her job teaching at Northern Virginia Community College.
"With this release, the president has shared a total of 24 years of tax returns with the American public, once again demonstrating his commitment to being transparent with the American people about the finances of the commander in chief," the White House said in a statement.
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