The records, scrutinized by Fox News Digital, indicated that the presidential couple jointly filed their income tax return and paid $146,629 in federal income tax, translating to an effective federal income tax rate of 23.7%.
In addition to their federal tax return, the Bidens also disclosed their Delaware income tax return, which showed they paid $30,908 in Delaware income tax. The First Lady, who teaches at Northern Virginia Community College, separately released her Virginia income tax return, reporting a payment of $3,549 in Virginia income tax.
The presidential salary stands at $400,000 annually. A review of the Bidens' past income reveals that they reported a federal adjusted gross income of $579,514 in 2022, $610,702 in 2021, and $607,336 in 2020. This marked a decrease from the $985,223 they reported in 2019.
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The Bidens' philanthropic efforts were also highlighted in their tax returns. They reported donations totaling $20,477 to 17 different charities. Among these was a $5,000 contribution to the Beau Biden Foundation, a public charity committed to protecting children from abuse. They also donated to their home parish, St. Joseph on the Brandywine, the Tragedy Assistance Program for Survivors (TAPS), and the National Fraternal Order of Police Foundation, among others.
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In a parallel disclosure, Vice President Kamala Harris and Second Gentleman Douglas Emhoff reported a federal adjusted gross income of $450,299. They paid $88,570 in federal income tax, equating to a federal income tax rate of 19.7%. The couple also paid $15,167 in California income tax, while Emhoff paid an additional $11,599 in District of Columbia income tax. Their charitable contributions in 2023 amounted to $23,026.
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Following the release of the tax returns, the White House issued a statement, asserting that the Biden administration has revived "the bipartisan tradition of sharing presidential tax returns with the public."
The statement further noted that President Biden has now shared 26 years of tax returns with the nation, marking the most tax returns released by any commander-in-chief while in office. The White House emphasized President Biden's belief in the importance of transparency, honesty, and the continuation of the tradition of annually releasing presidential tax returns.
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