Bidens paid 23.8% taxes on $579,514 earnings, returns show

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

President Joe Biden and his wife, Jill, made $579,514 last year and paid $137,658 in federal income taxes. That works out to a 23.8% tax rate, more than the average of roughly 14% for all U.S. households.

The Bidens’ earnings have trended slightly downward over the past three years, after averaging more than $600,000 in 2020 and 2021. The median U.S. household income was $69,717 in 2021, according to the U.S. Census Bureau.

The Bidens’ income has dropped since 2019, when they earned nearly $1 million, primarily from book sales, speeches and their teaching positions at the University of Pennsylvania and Northern Virginia Community College. The former vice president and Delaware senator often notes in speeches that he was once the poorest lawmaker in the Senate, so much so that he could not afford a home in Washington and had to commute by Amtrak.

As president, Biden earned a salary of $400,000. His wife, Jill, was paid $82,335 for her job teaching at Northern Virginia Community College. They paid state taxes of $29,023 in Delaware and $3,129 in Virginia.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A President that “showed” his income & taxes. Unlike TFG!

Bullshit all of a sudden they gonna tell us the truth Bullshit

I paid 25% and made a 1/4 of amount he did.

Does that include the $31 million from China ?

How did he claim the millions received from China

So, 23.8 percent is considered 'his fair share' of taxes?

But how much did he and his family not pay on taxes from money given to them from foreign countries?

Why did hunter pay 100k a month in rent if Joe is only making half a million a year?

That include the “big guy” income?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 235. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Six more Bidens may have gained from family business schemes: Comer“The Biden family enterprise is centered on Joe Biden’s political career and connections, and it has generated an exorbitant amount of money for the Biden family,” Rep. James Comer said… GOPoversight GOPoversight But yet, nothing is done!
Source: nypost - 🏆 91. / 67 Read more »