Washington: America’s first couple didn’t do too badly last year, earning $579,514 (Rs 4.75 crore), although this was a good chunk less than the previous year, according to Joe and Jill Biden’s tax return, made public Tuesday. Biden has restored a custom designed to demonstrate transparency at the White House, the most notable exception to the unwritten rule being his predecessor Donald Trump who consistently refused to release his annual income and tax report. The president and first lady’s joint return showed gross income of nearly $580,000 (Rs 4.76 crore) in 2022, which was $30,000 (Rs 24.62 lakh) less than in the previous year’s filing. Most of that income came from Biden’s standard presidential salary of $400,000 (Rs 3.32 crore), which is set by Congress. Jill Biden, who teaches at Northern Virginia Community College and is the first presidential spouse to continue an outside paid job, earned $82,335 (Rs 67.57 lakh). **Also Read: 'My plan is to run again': Joe Biden to announce re-elections 'very soon'** They paid a federal tax rate of 23.8 per cent, a notch down from last year’s 24.6 per cent, resulting in $137,658 (Rs 1.12 crore) in federal income tax. They also paid $29,023 (Rs 23.82 lakh) in income tax in their home state of Delaware, while the first lady paid $3,139 (Rs 2.57 lakh) in Virginia income tax. Donating more than $20,000 (Rs 16.41 lakh) to charities, their biggest contribution was $5,000 (Rs 4.10 lakh) to the Beau Biden Foundation, a charity combating child abuse and named after their son, who died in 2015. The White House said that Biden has now made public 25 years of his tax returns, “once again demonstrating his commitment to being transparent with the American people about the finances of the commander-in-chief.” The Biden White House’s tax transparency is in stark contrast to the Trump era. The lifelong businessman refused both as a candidate and once in office to allow the public to see his tax return, a document detailing all sources and amounts of income, among other financial records. When several years of his returns were finally made public after a legal battle waged by Democrats in Congress, it emerged Trump was paying almost no income tax, due to business losses. Vice President Kamala Harris and her husband Doug Emhoff reported in their tax returns a gross income of $456,918 (Rs 3.75 crore) and paying $93,570 (Rs 76.80 lakh) in federal income tax, as well as $17,612 (Rs 14.45 lakh) in income tax in their home state of California. Read all the Latest News , Trending News , Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.
The US president and first lady’s tax return showed a gross income of nearly $580,000 (Rs 4.76 crore) in 2022, which was $30,000 (Rs 24.62 lakh) less than the previous year. Most of that income came from Joe Biden’s standard presidential salary of $400,000 (Rs 3.32 crore)
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