President Joe Biden and first lady Jill Biden earned $579,514 in 2022, slightly lower than their previous year’s earnings, according to new tax returns released Tuesday by the White House.
The release comes on the deadline for Americans to file their taxes with the Internal Revenue Service. The White House also released tax returns showing Vice President Kamala Harris and second gentleman Doug Emhoff made $456,918 last year, a significant decline in their income from 2021, when they sold a residence.
The president and first lady paid $169,820 in combined federal, Delaware, and Virginia income taxes last year. Of that, they owed $137,658 to the federal government, which resulted in an effective federal income tax rate of 23.8%.
Their joint income mostly consisted of the president’s $400,000 annual salary, set by Congress, along with pensions. The first couple brought in a little more than $5,000 from two S Corporations – CelticCapri Corp. and Giacoppa Corp. – which the White House has said previously were set up to receive royalties from their writing and speaking engagements.
The income from those corporations was down significantly from a year prior, when they brought in almost $62,000.
The first lady earned $82,335 from her teaching position at Northern Virginia Community College.
The Bidens donated $20,180 to 20 different charities in 2022, including $5,000 to the Beau Biden Foundation. The charity, named after the president’s late son, is aimed at protecting children from abuse.
Other organizations that the couple gave to include the Tragedy Assistance Program for Survivors, a group that offers support to grieving military families, as well as St. Joseph on the Brandywine, a Catholic church that the Bidens attend in Wilmington, Delaware.
The 2022 returns are mostly in line with the taxes filed one year…
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