BELOW SUPERNAV drop zone ⇩

Bidens report nearly $580K in income, Harris and husband report $457K

President Biden and first lady Jill Biden wave to reporters as they walk towards Marine One on the South Lawn of the White House in Washington, D.C., on Monday, November 21, 2022. Biden and the first lady are heading to the Marine Corps Air Station in Cherry Point, N.C., for a Friendsgiving celebration.

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

President Biden and first lady Jill Biden made a combined income of $579,514 last year and Vice President Harris and her husband made $456,918, according to documents published by the White House on Tuesday based on the couples’ 2022 tax returns.

The president and his wife paid an effective federal income tax rate of 23.8 percent, the documents showed. Those figures are lower compared to 2021, when the Bidens earned $610,702 with an effective federal income tax rate of 24.6 percent before taking office.

The annual salary of a president is $400,000 salary, which accounts for most of their income. First lady Jill Biden works as a professor at Northern Virginia Community College and made $82,335.

The president and first lady paid $169,820 in combined federal, Delaware, and Virginia income taxes. They pay $137,658 in federal income tax, $29,023 in Delaware income tax, and the first lady pays $3,139 in Virginia income tax as a result of her job in the commonwealth.

The Bidens donated $20,180 across 20 different charities, with the largest contribution a $5,000 gift to Beau Biden Foundation, which is the same amount they gave to the charity last year. The foundation, named after the president’s late son, focuses on protecting children from the threat of abuse.

They also donated to St. Joseph on the Brandywine, their parish in Wilmington, Del., to the Tragedy Assistance Program for Survivors, and the National Fraternal Order of Police Foundation, according to the White House.

“With this release, President Biden has shared a total of 25 years of tax returns with the American public. Once again demonstrating his commitment to being transparent with the American people about the finances of the Commander-in-Chief, President Biden has released the most tax returns of any president while in office,” the White House said in a statement.

Meanwhile, Vice President Harris and her husband, Doug Emhoff, had a combined income of $456,918 in 2022, according to their tax returns released Tuesday. The documents show the second couple paid an effective federal income tax rate of 20.5 percent and paid $93,570 in federal income tax.

The combined income decreased significantly from 2021, when Harris and Emhoff had a combined income of $1,655,563 and paid an effective federal income tax rate of 31.6 percent. At the time, Emhoff earned $582,543 for his work as a lawyer at the law firms DLA Piper and Venable, which he left early in 2021 when Harris was sworn in as vice president.

The couple paid $17,612 in California income tax, Emhoff paid $9,697 in District of Columbia income tax for his work teaching at Georgetown University, and they contributed $23,000 to charity in 2022.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Fair

la

56°F Fair Feels like 56°
Wind
0 mph N
Humidity
41%
Sunrise
Sunset

Tonight

A few passing clouds. Low 46F. Winds light and variable.
46°F A few passing clouds. Low 46F. Winds light and variable.
Wind
2 mph N
Precip
9%
Sunset
Moon Phase
Waning Gibbous