May 17, 2021 • Disclosures
Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition. With this release, the President has shared a total of 23 years of tax returns with the American public.
The President and the First Lady filed their income tax return jointly and reported federal adjusted gross income of $607,336. The Bidens paid $157,414 in federal income tax and their 2020 effective federal income tax rate is 25.9 percent.
The President and First Lady also reported donating $30,704 – or about 5.1 percent of their total income – to 10 different charities. The largest reported gift to charity was $10,000 to the Beau Biden Foundation, a public charity dedicated to ensuring that all children are free from the threat of abuse.
President Biden, Vice President Harris Release Their 2020 Tax Returns finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
White House releases Biden s tax returns in restoration of presidential tradition cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.