That's a tax rate of 24.6% for 2021, well over the average federal rate of around 14%. Those totals, released on Friday, tax day, were similar to the Bidens' 2020 returns when they reported earning $607,336. They reported 25.9% of their income going to federal taxes then.
The IRS has mandated for over four decades that the tax returns of sitting presidents and vice presidents be audited. The President and First Lady filed their income tax return jointly and reported federal adjusted gross income of $610,702. They paid $150,439 in federal income tax, and their 2021 effective federal income tax rate is 24.6 percent.
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