BREAKING NEWS – Biden and Kamala release their tax returns: President and Jill paid $150,439 on $610,702 and the VP and Doug handed over $523,371 after earning $1.65 MILLION in 2021
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 was a rate of 24.6% for 2021, well over the average of around 14 percent.
The totals were similar to the Bidens’ 2020 returns, when they reported earning $607,336 as he ran for president. They reported a federal income tax rate of 25.9 percent then.
The national median household income was $67,521 in 2020, according to U.S. Census data.