Surprised by the “revenue and expenditure” of the US President and Vice President’s wife

Information on the income and expenditure of the current US president’s family was announced by the White House on April 15, according to Reuters.

Specifically, President Joe Biden and First Lady Jill earned $ 610,702 and paid taxes of $ 150,439 (equivalent to 24.6% of income) last year.

The President of the United States earned $378,333 from a salary slightly lower than the usual $400,000 when he took office on January 20, 2021. First Lady Jill Biden earned $67,116 from teaching at Northern Virginia Community College.

They also earned $103,258 in taxable interest, pensions, life insurance payouts, IRA individual retirement distributions and Social Security benefits, as well as $61,995 in book royalties. .

The Bidens also give about 2.8% of their income, or $17,384 to charities, including $5,000 to the Beau Biden Foundation, which works to prevent child abuse. Beau Biden is the son of the incumbent US president, who died of cancer in 2015.

US President Joe Biden and his wife. Photo: Reuters

“The Bidens’ income last year before taking office as President of the United States was $607,336,” the White House said, affirming that the disclosure of this income once again demonstrates a commitment to transparency with the American people on the matter. President Biden’s finances.

In addition, the White House also announced the income of Vice President Kamala Harris and her husband Doug Emhoff in 2021. Accordingly, the US vice president and his wife earned $ 1.6 million and paid taxes of 31.6%, equivalent to equivalent to 523,371 USD.

The US Vice President and his wife also contribute about 1.3% of their income, or $22,100, to charity, according to information from the White House.

US Vice President Kamala Harris. Photo: Reuters

President Biden has resumed a tradition dating back to the 1970s when he released his personal tax returns. His predecessor Donald Trump had previously broken with this tradition – thereby becoming the first US president not to release personal tax returns despite submitting annual financial reports to the Government Ethics Service.

According to Bang Hung