23.4 C
New York
Saturday, October 5, 2024

Bidens report adjusted gross income of $579,514

President Joe Biden and first lady Jill Biden reported a federal adjusted gross income of $579,514, according to their 2022 federal income tax returns, which were released by the White House on Tuesday.

The president and first lady filed their income tax return jointly and paid $169,820 in combined federal, Delaware and Virginia income taxes, according to the records reviewed by Fox News Digital.

HATE TAX DAY? HERE’S ONE WAY THE IRS WON’T BOTHER US EVER AGAIN

The president and first lady paid $137,658 in federal income tax and $29,023 in Delaware income tax. The first lady also reported paying $3,139 in Virginia income tax – from her teaching at Northern Virginia Community College.

An annual presidential salary is $400,000.

In 2021, the president and first lady reported a federal adjusted gross income of $610,702. In 2020, the first couple earned $607,336, which was down from the $985,223 they reported in 2019.

President Joe Biden and first lady Jill Biden reported a federal adjusted gross income of $579,514, according to their 2022 federal income tax returns, which were released by the White House on Tuesday.

President Joe Biden and first lady Jill Biden reported a federal adjusted gross income of $579,514, according to their 2022 federal income tax returns, which were released by the White House on Tuesday.

The Bidens’ 2022 effective federal income tax rate was 23.8 percent.

The first couple also reported contributions of $20,180 to 20 different charities, with the largest gift being $5,000 to the Beau Biden Foundation.

IRS EXTENDS TAX FILING DEADLINE FOR STORM-RAVAGED AREAS IN SEVERAL STATES

The first couple also donated to the National Fraternal Order of Police Foundation, St. Joseph on the Brandywine Church, which is the Bidens’ home parish, and the Tragedy Assistance Program for Survivors, among other charities.

Vice President Kamala Harris said husband Doug Emhoff reported a federal adjusted gross income of $456,918. They paid $93,570 in federal income tax, with a 2022 effective federal income tax rate of 20.5 percent.

Vice President Kamala Harris said husband Doug Emhoff reported a federal adjusted gross income of $456,918. They paid $93,570 in federal income tax, with a 2022 effective federal income tax rate of 20.5 percent. (Marc Piasecki / Getty Images / File)

The White House said Biden has released 25 years of tax returns to the American public, which it says demonstrates his “commitment to being transparent with the American people about the finances of the Commander-in-Chief.”

Meanwhile, the White House also shared the tax returns of Vice President Kamala Harris and second gentleman Douglas Emhoff.

The second couple reported a federal adjusted gross income of $456,918. They paid $93,570 in federal income tax, with a 2022 effective federal income tax rate of 20.5 percent.

CLICK HERE TO GET THE FOX NEWS APP

Harris and Emhoff also paid $17,612 in California income tax. Emhoff paid $9,697 in District of Columbia income tax. 

The second couple contributed $23,000 to charity in 2022.

Related Articles

Stay Connected

1,520FansLike
4,561FollowersFollow
0FollowersFollow
- Advertisement -

Latest Articles