White House releases Biden’s 2021 tax returns

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President Joe Biden and First Girl Jill Biden reported a federal adjusted gross revenue of $610,702 final yr, in accordance with their 2021 federal revenue tax returns launched by the White Home Friday.

The president and first woman filed their income tax return collectively, and paid $150,439 in federal revenue tax. Their 2021 efficient federal revenue tax charge is 24.6%.

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The primary couple additionally reported contributions of $17,394 to 10 totally different charities in 2021 — with the biggest reward, $5,000, being donated to the Beau Biden Basis. The White Home says the muse is a public charity devoted to making sure that each one kids are free from the specter of abuse.

The primary couple on Friday additionally launched their Delaware revenue tax return, and reported paying $30,765 in state revenue tax.

President Biden and first woman Jill Biden communicate with the NORAD Tracks Santa Operations Heart on Peterson Air Power Base, Colo., by way of teleconference within the South Courtroom Auditorium on the White Home campus in Washington, Friday, Dec. 24, 2021.
(AP Photograph/Carolyn Kaster)

The primary woman additionally launched her Virginia revenue tax return and reported paying $2,721 in Virginia revenue tax.

The primary woman teaches at Northern Virginia Neighborhood School.

The White Home mentioned that these tax returns mark Biden’s launch of a complete of 24 years of tax returns to the general public.

The Biden’s 2021 tax returns are much like 2020, however embody the president’s presidential wage. 

An annual presidential wage is $400,000, nonetheless, as a result of he took workplace on Jan. 20, 2021, Biden experiences making $378,833 final yr. 

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In 2020, the primary couple earned $607,336, which was down from the $985,223 they reported in 2019.

United States Vice President Kamala Harris and her husband Douglas Emhoff are seen leaving France at Orly Airport on November 13, 2021 in Paris, France.

United States Vice President Kamala Harris and her husband Douglas Emhoff are seen leaving France at Orly Airport on November 13, 2021 in Paris, France.
(Marc Piasecki/Getty Pictures)

In the meantime, Vice President Kamala Harris and Second Gentleman Douglas Emhoff additionally launched their 2021 federal income tax return, in addition to their state revenue tax returns for California, New York and the District of Columbia. The second couple additionally filed collectively. 

Harris and Emhoff reported a federal adjusted gross revenue of $1,655,563. The returns reveal the couple paid $523,371 in federal revenue tax. Their federal revenue tax charge in 2021 was 31.6%.

Harris and Emhoff additionally paid $120,517 in California revenue tax, $2,044 in New York revenue tax.

The returns revealed Emhoff paid $54,441 in revenue tax for the District of Columbia.

U.S. President Joe Biden

U.S. President Joe Biden
(REUTERS/Kevin Lamarque/File Photograph)

The second gentleman teaches at Georgetown College Regulation Heart and is required to file a D.C. return to pay D.C. revenue tax. 

Emhoff resigned from the regulation agency DLA Piper LLP in January 2021. A White Home official mentioned as is typical with regulation companies, the agency is returning his partnership stake over plenty of years. 

In 2021, Emhoff’s revenue from the regulation agency included revenue from sources inside New York state, requiring the submitting of a New York tax return and fee of New York revenue tax.

Harris and Emhoff contributed $22,100 to charity in 2021.

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