(The Hill) – President Biden and First Lady Jill Biden made a combined income of $610,702 last year, while Vice President Harris and her husband earned more than $1.65 million, according to documents released Friday by the White House based on the couples’ 2021 tax. Return.
The president and his wife paid an effective federal income tax rate of 24.6%, the documents show. Those numbers are comparable to 2020, when the Bidens earned $607,336 with an effective federal tax rate of 25.9% before taking office.
“With this release, the President has shared a total of 24 years of tax filings with the American public, once again demonstrating his commitment to being transparent with the American people about the Commander-in-Chief’s finances,” the House said. White in a press release. statement.
The Bidens’ tax returns showed Joe Biden earned $378,333 as president, a prorated amount of the $400,000 annual salary the president has received since he only took office on January 20. from last year.
First lady Jill Biden earned $67,116 in her job as a professor at Northern Virginia Community College. The president and first lady also reported revenue of $61,995 from book royalties.
The Bidens donated $17,394 to 10 different charities, the White House said, with the largest contribution being a $5,000 donation to the Beau Biden Foundation. The charity, named after the president’s late son, focuses on protecting children from the threat of abuse.
The president and first lady also released their state income taxes, which showed they paid $30,765 in Delaware income tax. The first lady also said she paid $2,721 in Virginia income tax due to her work in the Commonwealth.
Meanwhile, Vice President Harris and her husband, Doug Emhoff, had a combined income of $1,655,563 in 2021, according to their tax returns released Friday. The documents show the second couple paid an effective federal tax rate of 31.6% and paid $523,371 in federal income tax.
The numbers for the second couple are about the same as in 2020, when they made a combined income of just under $1.7 million.
Harris earned $215,548 in her role as vice president, an amount prorated against the vice presidents’ annual salary of $230,700, and earned $400,000 from book sales. Emhoff earned $582,543 for his work as an attorney at DLA law firms Piper and Venable, which he left in early 2021 when Harris was sworn in as vice president. He also earned $164,740 teaching a course at Georgetown University School of Law.
Harris and her husband donated $22,100 to charity. Additionally, their state income taxes showed they paid $120,517 in California income tax and $2,044 in New York income tax. Emhoff also individually paid Washington, DC, $54,441 in income tax.
Biden released his tax returns each of his first two years in office, and he did so during his presidential campaign. Former President Trump broke with decades of tradition by refusing to release his tax records as a candidate or while in office, saying he was under audit throughout. Experts have repeatedly noted that he could have released his statements whether or not he was vetted.
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