U.S. President Joe Biden and his wife Jill released their federal tax return on Tuesday, showing the couple earned nearly $580,000 last year and paid an effective federal income tax rate of 23.8%.
Trump broke with the tradition of presidents making their federal tax returns public, saying he was not able to do so while being audited by the Internal Revenue Service, even as the agency claimed he was free to release them.
The remainder of their income is drawn from investment interest, pensions, annuities, distributions from retirement accounts and Social Security as well as a corporation that collects their book royalties, according to the joint tax return.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bidens Paid About $170,000 in Taxes for 2022President Biden and first lady Jill Biden made $579,514 in adjusted gross income in 2022 during his second year as president, according to their tax returns released by the White House
Read more »
Six more Bidens may have gained from family business schemes: Comer“The Biden family enterprise is centered on Joe Biden’s political career and connections, and it has generated an exorbitant amount of money for the Biden family,” Rep. James Comer said…
Read more »
Bidens report an adjusted gross income of $579,514President Joe Biden and First Lady Jill Biden reported a federal adjusted gross income of $579,514, according to their 2022 federal income tax returns released by the White House Tuesday.
Read more »
Bidens paid 23.8% taxes on $579,514 earnings, returns showPresident Joe Biden and his wife, Jill, made $579,514 last year and paid $137,658 in federal income taxes. That works out to a 23.8% tax rate, more than the average of roughly 14% for all U.S. households.
Read more »
The Bidens made $579K last year, and paid a 23.8 percent tax rate, their returns showPresident Biden and first lady Jill Biden paid $137,658 in federal income taxes on $579,514 in earnings, according to their 2022 tax return provided by the White House.
Read more »