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How much did the president earn in 2020? Joe Biden and Kamala Harris make their taxes public

2021-05-20T20:43:04.377Z

The release of Biden's tax return comes as the president is pushing Congress to pass his plan to increase taxes on corporations and the wealthiest, to fund his infrastructure, health and education programs.



The president, Joe Biden, revived on Monday the old tradition of the leaders of the United States of publishing their tax returns.

According to documents released this afternoon, the president and his wife, First Lady Jill, earned $ 607,336 in 2020, when the Democrat was only a candidate for the Oval Office. 

That amount is

less than the $ 985,223 they both earned in 2019

, when they had income from sales of books, speeches and hours from work at the University of Pennsylvania and Northern Virginia Community College.

The Bidens paid $ 157,414 in federal income taxes and their tax rate for 2020 was 25.9%, the White House said in a statement.

For their part, the vice president, Kamala Harris, and her husband, Douglas Emhoff, had an adjusted gross income of $ 1,695,225 in 2020.

They paid $ 621,893 in federal income taxes, which equates to a rate of 36.7%. 

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"I hope that we will continue to publish the tax returns of the presidents, as should also be expected of all the presidents of the United States," White House press secretary Jen Psaki said in a statement Monday. 

The release of Biden's tax return comes as the president is pushing Congress to pass his plan to increase taxes on corporations and the wealthiest, to fund his infrastructure, health and education programs.

During his campaign for the presidency,

Biden boasted about transparency regarding his personal finances, in a clear criticism of his main opponent, former President Donald Trump,

who was dragged to federal courts more than once after his refusal to make your finances public.

Biden published 22 years of tax returns before the 2020 election.

In September of last year, The New York Times obtained the tax records of the real estate mogul and reported that he only paid $ 750 in federal income taxes during his first year in the White House, a figure about 16 times less than the taxes of an average citizen. 

Trump claimed that the newspaper's information was "false."

“In fact, I pay taxes.

I pay a lot, ”he defended himself.

"The IRS does not treat me well, it treats me very, very bad."

With information from The Associated Press

Source: telemundo

All news articles on 2021-05-20

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