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%.as he ran for president. They reported a federal income tax rate of 25.9% then.The national median household income was $67,521 in 2020, according to U.S. Census data.
Both this year and last were steep drops from 2019 for the Bidens, 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 couple gave $17,394 to 10 different charities in 2021. The largest gift was $5,000 to the Beau Biden Foundation, a nonprofit that works to combat child abuse named for their son, Beau, who died of brain cancer in 2015 at age 46.
It’s the second straight year Biden has released his tax returns from the White House, reestablishing a tradition that presidents make their filings publicly available after former PresidentBiden campaigned on the transparency of his personal finances, releasing 22 years of tax filings ahead of the 2020 election.
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