Joe Biden, wife paid 23.8% taxes on $579,514 earnings, returns show
President 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 per cent tax rate, more than the average of roughly 14 per cent for all US households.
The Bidens' earnings have trended slightly downward over the past three years, after averaging more than $600,000 in 2020 and 2021. The median US household income was $69,717 in 2021, according to the US Census Bureau.
The White House on Tuesday released the tax returns of the Bidens and Vice President Kamala Harris and her husband, Doug Emhoff. This once routine rite of passage for presidents and aspirants to the Oval Office became a source of controversy under Biden's predecessor, Donald Trump, who declined to release his taxes and ultimately had six years' worth of returns released last year by a House committee.
The Bidens' income has dropped since 2019, when they earned nearly $1 million, primarily from book sales, speeches and their teaching positions at the ...