Bidens releases 2022 tax return: That’s how much they earned

Bidens releases 2022 tax return: That’s how much they earned

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president Joe Biden and first lady Jill Biden made your tax return publicly on Tuesday. The document shows the couple paid $137,658 in income taxes in 2022.

What happened: The Bidens reported gross income of $579,514, up from $610,702 a year earlier.

The first couple donated to churches and organizations focused on helping children and forest workers. Total charitable donations totaled $20,180 to 20 different charities, according to a White House statement.

The largest charity donation went to the Beau Biden Foundation, a public charity named after the President’s late son. The focus of the charity is on children.

See also: How to File Your Own Taxes: A Beginner’s Guide

The White House said that Vice President Kamala Harris and the second gentleman Douglas Emhof also released their 2022 federal income tax return showing that they earned gross income of $456,918.

Why it matters: The president receives $400,000 in salary, while the first lady earned $82,335 from her job as an English teacher at Northern Virginia Community College, Reuters reported.

Other sources of income included investment interest, pensions, annuities, and distributions from retirement accounts and Social Security, and a corporation that receives the royalties on its books.

Former President donald trump broke from precedent by not releasing its tax forms. However, after a protracted legal battle, the House Ways and Means Committee was dismissed Thousands of pages of his tax returns between 2015 and 2020 in December.

The former president reported negative annual income in 2015, 2016, 2017, and 2020 and paid a total of $1,500 in income taxes in 2016 and 2017.

Continue reading: Trump reveals Nixon’s 35-year-old prediction: “Whenever you decide to run for office, you will be a winner!”

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