President Biden, Vice President Harris and their spouses released tax forms Friday showing they earned incomes and paid tax rates similar to those reported last year.
Joe Biden earned $378,333 as president, and Jill Biden earned $67,116 from Northern Virginia Community College, where she has taught English for years. The president’s salary is normally $400,000 a year, but Biden did not assume the presidency until Jan. 20 last year. The Bidens also earned $61,995 in royalties from their books with the rest of their income coming from pensions, annuities, IRA distributions and Social Security benefits.
Former president Donald Trump broke with the tradition, which dates back decades, by repeatedly refusing to release his tax returns both as a presidential candidate and as president. The former president said he was under audit and fought efforts by congressional Democrats and prosecutors to obtain those records. In 2020, the Supreme Court ruled against Trump in favor of the Manhattan district attorney who was seeking his tax records.
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