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Biden and his wife paid just over $ 186,000 in taxes in 2020

2021-05-20T05:38:59.928Z


The president of the United States takes up a tradition unfulfilled by Trump, who refused to disclose any type of information about his finances


US President Joe Biden and Vice President Kamala Harris.Evan Vucci / AP

The White House has released on Monday the 2020 tax return of the president of the United States, Joe Biden, thus fulfilling an unwritten tradition that Donald Trump broke during his term.

"Today, the president has revealed what he paid in taxes in 2020, thus continuing an almost uninterrupted tradition," the White House statement read.

Of course, the news has not been so much what the president paid as the fact that he revealed it.

The former Republican president flatly refused to reveal any information about his finances or what was the true value of his empire, which, according to an investigation by

The New York Times,

was riddled with debt.

In that information from September 2020, the New York newspaper claimed that Trump only paid $ 750 in taxes in 2016 and that he had declared $ 70,000 as deductions for hairdressing.

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Trump has been the only president since after the Watergate scandal that cost Richard Nixon the presidency (1969-1974) in not making public the data of the taxes he paid, arguing that he could not do so because it was subject to an audit . As established by the IRS (Internal Revenue Service, the equivalent of the Spanish Treasury), each president and vice president since that time is subject to an examination of their accounts every year.

Joe and Jill Biden made just over $ 600,000 last year, according to their tax returns, the White House notes.

The Biden couple, who file their return jointly - the first lady is a professor - paid just over $ 157,000 in federal income taxes and about $ 29,000 to the state where they resided before reaching the White House, Delaware.

From the information made public by the White House, it appears that the Bidens had a significant drop in their income last year as a result of the electoral campaign for the presidency, since they stopped earning money by not being able to give lectures or work as a professor of the University of Pennsylvania.

In 2019, Joe and Jill Biden made about $ 985,000.

Also disclosed were the earnings of Vice President Kamala Harris, who filed a joint return with her husband, attorney Doug Emhoff, declaring gross income of nearly $ 1,700,000.

Between them, they paid nearly $ 622,000 in federal income taxes.

Harris paid just over $ 125,004 in income tax in California (where she resided as a senator) and Emhoff paid nearly $ 57,000 in Washington (where she lived and worked as a law professor at Georgetown University).

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Source: elparis

All news articles on 2021-05-20

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