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The US president and first lady earned nearly $611,000 in 2021, their tax reports show

2022-04-15T22:48:09.936Z


The presidential couple paid more than $150,000 in federal income tax, which represented 25% of their income. They also paid several thousand dollars in state taxes and donated just over $17,000 to charity.


By Shannon Pettypiece -

NBC News

President Joe Biden and First Lady Jill Biden released their 2021 tax returns on Friday, reporting an income of $610,702 during their first year in the White House.

On that income,

the Bidens paid $150,439 in federal income taxes

, a 25% tax rate.

They also paid $30,765 in income taxes in Delaware and $2,721 in Virginia of the first lady's salary as a professor at Northern Virginia Community College.

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President Joe Biden and First Lady Jill Biden at the White House on March 20, 2022. Kevin Dietsch/Getty Images

In 2020, the presidential couple also earned just over $600,000.

As president, Biden earns a salary of $400,000 a year, along with a spending allowance of $50,000, an amount appropriated by Congress.

Vice President Kamala Harris and her husband, Douglas Emhoff,

also released their tax returns

, reporting $1.7 million in income in 2021, a similar amount to what they reported in 2020. They paid $523,371 in federal income taxes. , a tax rate of 31.6%.

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"With this statement, the President has shared 24 years of tax returns with the public, once again demonstrating his commitment to transparency with the American people regarding the finances of the Chief of the Armed Forces," Biden said in a statement.

From Richard Nixon to date,

every president has released their tax returns

except Biden's predecessor, Donald Trump, who claimed he couldn't release his returns because they were under audit.

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As president, Biden has to be audited by tax authorities, a measure that has become mandatory since the Watergate scandal in 1972.

The Bidens also donated $17,394 to 10 charities, including a $5,000 donation to the Beau Biden Foundation.

Harris and Emhoff donated $22,100 to charity in 2021.

Source: telemundo

All news articles on 2022-04-15

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