President 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.
President of the United States since 2021President of the United States from 2017 to 2021
The Bidens’ effective tax rate was 23.8 percent. They reported donating $20,180 to 20 different charities — the largest gift was $5,000 to the Beau Biden Foundation, an organization that protects children from abuse and named for their late son. They gave the same amount to the charity last year.The numbers closely mirrored those from last year, when the Bidens reported paying $150,439 in federal income taxes on $610,702 for an effective tax rate of 24.6 percent.
Much of the couple’s income was via the president’s $400,000 salary. Jill Biden was paid $82,335 for her teaching position at Northern Virginia Community College. The Bidens hit the $10,000 cap on state and local tax deductions, called SALT, a product of Trump’s tax law and derided by Democrats in high-cost states. They also paid more than $2,000 in additional federal taxes imposed by the Affordable Care Act.
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.
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 »
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 »
Biden Aide Resigns to Run for Congress in Rhode IslandGabe Amo, a special assistant to President Joe Biden, tendered his resignation to the White House last week to prepare to run for seat in the U.S. Congress.
Read more »
Biden's Parole Pipeline Frees over a Million Migrants into U.S., Exceeding Populations of 6 StatesJoe Biden’s Department of Homeland Security (DHS) has released more than a million migrants into the United States through a parole pipeline — a foreign population that exceeds the populations of six states.
Read more »