'Greedy Cheap & Dishonest': Maybe Biden Should Not Have Released His Taxes After All

Written By BlabberBuzz | Monday, 18 April 2022 02:15 AM
8
Views 13.3K
'Greedy Cheap & Dishonest': Maybe Biden Should Not Have Released His Taxes After All

As the White House pushes to impose higher levies on the wealthy, President Joe Biden and first lady Jill Biden reported paying six figures in federal income tax last year and gave almost nothing back to charity - unless of course, you count the money given to the Beau Biden foundation that according to reports, does not really help anyone other than the Biden Family.

The Bidens, who filed their 2021 federal income tax return jointly, disclosed earning an adjusted gross income of $610,702 while in the White House. Their federal tax bill of $150,439 was calculated at a 24.6% rate. The numbers are comparable to their 2020 tax return, though they faced a higher rate of 25.9%.

The filing revealed the first couple donated $17,394 to 10 separate charities last year, including $5,000 to the Beau Biden Foundation, named for the president's deceased son.

 WATCH: JOHN LEGEND CALLS TRUMP A RACISTbell_image

The Bidens' Delaware income tax return was included in the tranche of documents, the pair paying $30,765 in state dues. In addition, the first lady was liable for $2,721 in Virginia income taxes based on the salary she drew working as a Northern Virginia Community College English and writing professor. "With this release, the president has shared a total of 24 years of tax returns with the American public, once again demonstrating his commitment to being transparent with the American people about the finances of the commander in chief," the White House said in a statement.

 WATCH FETTERMAN REACTING TO PROTESTS WAVESbell_image

Vice President Kamala Harris and husband, Doug Emhoff, similarly released their federal return, as well as state paperwork for the money they earned in California, New York, and the District of Columbia.

 RUSSIAN COURT DENIES EVAN GERSHOVICH'S APPEAL, WHAT'S NEXT FOR THE WSJ REPORTER?bell_image

The second couple reported a federal adjusted gross income of $1,655,563 and paid $523,371 in federal income taxes calculated at a 31.6% rate, $120,517 in California, and $2,044 in New York, while Emhoff was liable for $54,441 in Washington, D.C. They also donated $22,100 to charity. In his $5.8 trillion fiscal-year 2023 budget request last month, President Biden proposed a 20% minimum tax on households with a net worth of more than $100 million, including unrealized capital gains.

 SQUATTERS BEWARE AS GEORGIA GOVERNOR SIGNS TOUGH NEW LAWbell_image

"This is a classic Joe Biden budget," White House Office of Management and Budget Director Shalanda Young commented at the time. "We're putting forward proposals that do two things: establish a tax system that’s fair, where corporations and the wealthiest pay their fair share, but it has the added benefit of paying for the needs of the American people, like reducing childcare."

 EXECUTION-STYLE AMBUSH: LOS ANGELES DEPUTY ATTACKED BY NOTORIOUS GANG MEMBERbell_image

When releasing their 2020 tax returns on Monday, Biden and Vice President Harris took a swipe at former President Donald Trump. The White House's press release noted Biden and Harris were continuing an "almost uninterrupted" tradition, an apparent nod to Trump's refusal to release his tax returns throughout his four years in office.

 GENDER WAR ESCALATES AFTER FEDS ANNOUNCE THIS WILL NOW BE A CRIME...bell_image

During his term in office, Trump never publicly released his tax returns, citing how he was being audited as a reason to withhold the information. After the New York Times released a report in 2020 claiming Trump paid $750 in federal taxes in 2016 and his first year in office and no federal taxes in 10 of the previous 15 years, Trump denied the report, calling it "totally fake news."

X