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President Biden makes his income public

According to the tax returns released by the White House, President Joe Biden and First Lady Jill Biden’s combined income in 2021 is $610,702, while Vice President Harris and her husband earned more than $1.65 million.

The White House tax returns also show that the president and first lady are required to pay a federal income tax rate of 24.6% for 2021.

President Biden announced his income - 1

President Joe Biden and Vice President Kamala Harris released their 2021 tax returns.

“With this announcement, the President has shared a total of 24 years of tax returns with the American public, once again demonstrating his commitment to financial transparency with the American people.” The White House said.

Specifically, Mr. Joe Biden earned $378,333 as president, an amount that is prorated by the $400,000 annual salary the president has received since taking office on January 20, 2021.

First Lady Jill Biden earned $67,116 while teaching at Northern Virginia Community College. The president and first lady also reported earning an additional $61,995 in book publishing royalties.

The Bidens’ annual income announced a year before taking office (2020) was $607,336, of which they had to pay a federal income tax of 25.9%.

The tax return released by the White House said that the income figure of Vice President Harris and his wife was the same as in 2020, nearly $ 1.7 million. Vice President Harris and her husband, Doug Emhoff, have a combined income of $1,655,563 in 2021. Their federal income tax rate is 31.6%.

Harris earned $215,548 as vice president and $400,000 from book sales. Her husband, Mr. Emhoff, earns $ 582,543 from work as a lawyer at the law firms DLA Piper and Venable. Her husband Harris also earned $164,740 while teaching at Georgetown University.

President Joe Biden released his tax returns during his first two years in office and he did the same while campaigning for president. His predecessor, former President Donald Trump, broke with decades of tradition when he refused to disclose his tax records as a candidate, as well as while in office.

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