How much President Joe Biden and first lady Jill Biden earned, paid in taxes and gave to charity in 2021:
The president's salary is $400,000. But Biden reported earning $378,333 as president because heIn addition to Biden's salary, the first couple reported $53,000 in pensions and annuities and $46,000 in Social Security benefits. They also reported receiving $62,000 from two S corporations – Giacoppa Corp. and CelticCapri Corp., which the White House said they created at the end of the Obama-Biden administration for their respective speaking and writing engagements.
The corporations have been dormant since Biden took office and serve only to receive royalties for books published before the administration began, including the president’s 2007 publication,"Promises to Keep," the White House said.In addition to their federal taxes, the Bidens also paid $30,765 in income tax to Delaware, where they maintain a home. Jill Biden paid $2,721 in income tax to Virginia.
The first family gave a combined $17,394 to 10 charities. The largest gift was a $5,000 donation to Beau Biden Foundation, a public charity named after Biden's late son that is dedicated to ensuring children are free from abuse. The couple also donated $2,200 to St. Joseph on the Brandywine, the Catholic Church they regularly attend in Wilmington, Delaware.Releasing the president's tax returns is a tradition that was broken during Donald Trump's four years in the White House.
With this year's release, the Bidens have made public 24 years of tax returns, according to the White House.
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President Biden and Vice President Harris release their 2021 tax returnsThe White House has released US President Biden and Vice President Kamala Harris' tax returns. The returns show that the first couple earned more than $600,000 and the second couple made over $1.6 million in 2021.
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Biden, first lady earned nearly $611,000 in 2021, tax filing showsThe Bidens paid $150,439 in federal income tax, a tax rate of 25 percent.
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Biden, first lady report making over $600,000 in 2021 tax filingWASHINGTON (Reuters) -President Joe Biden and his wife Jill released their federal tax returns on Friday, showing the couple earned more than $600,000 last year and paid an effective federal income tax rate of 24.6%. The Bidens also donated roughly 2.8% of their income, or $17,384, to charities, including $5,000 to the Beau Biden Foundation, which works to prevent child abuse. Beau Biden, the president's son, died of cancer in 2015.
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