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Joe Biden: US President publishes tax return

2021-05-20T00:22:12.106Z


Donald Trump had made his tax return a kind of state secret - now his successor Joe Biden is disclosing his own income. These were tighter in 2020 than in the previous year.


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Joe Biden and Kamala Harris (April 2021)

Photo: BRENDAN SMIALOWSKI / AFP

Since handing over office in January, the White House has returned to normal in many areas after four chaotic years under Donald Trump.

This also applies to the political practice according to which a US president makes his tax return public - Trump had prevented this, among other things, with legal means.

Biden and his wife Jill earned an income of over 600,000 US dollars (around 500,000 euros) in 2020.

The couple paid a good $ 157,000 federal income tax and paid another $ 29,000 in their home state of Delaware, the White House said on Monday.

US Vice President Kamala Harris and her husband Douglas Emhoff reported an income of $ 1.7 million for 2020, on which they paid a total of around $ 800,000 in taxes.

For the former senator and her husband, a successful lawyer, the income in the election year was significantly lower than in 2019. At that time, the two had a total income of just under 3.3 million dollars.

For the former Senator and Vice President Biden, 2019 had been a better year financially: At that time, he and his wife Jill reportedly still had an income of a good $ 985,000.

Biden and Harris had prevailed against Trump in the election last November.

You have been in office since January 20th.

Endless debate about ex-president's taxes

According to reports from US media, the Republican Trump is said to have hardly paid any income tax to the federal government for years.

The New York Times reported that Trump only paid $ 750 in income tax in 2016 and 2017.

Trump rejected the report across the board at the time, but also pointed out that the president pays other taxes in the millions.

The New York Public Prosecutor's Office is likely to get or already have insight into Trump's tax files due to ongoing investigations and a corresponding ruling by the Supreme Court.

Publication of the documents seems unlikely, however.

Biden wants to increase income tax for top earners - which would also affect him himself.

The proceeds are to be used to finance major investments in infrastructure and social services.

Whether he can win the approval of Congress for this is still uncertain, because he could be dependent on several dissenters from the Republicans in the Senate.

jok / AFP

Source: spiegel

All news articles on 2021-05-20

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