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Bidens Paid 24.6% Taxes on $610,702 Earnings, Returns Show

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© Abaca Press

WASHINGTON (77WABC) — President Joe Biden and his wife, Jill, earned $610,702 during their first year in the White House and paid $150,439 in federal income taxes.

That’s a tax rate of 24.6% for 2021, well over the average federal rate of around 14%. Those totals, released on Friday, tax day, were similar to the Bidens’ 2020 returns, when they reported earning $607,336.

They reported 25.9% of their income going to federal taxes then. Vice President Kamala Harris and her husband, Doug Emhoff, also released their 2021 tax filings, which showed them earning $1,655,563 in 2021 and paying $523,371 — a federal income tax rate of 31.6%.

According to their tax returns, President Biden and Vice President Harris each gave less to charity than the average taxpayer for their level of earnings, with Harris and second gentleman Doug Emhoff donating far below what most in their high income bracket contribute.

—Copyright 2022 Red Apple Media. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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