Bidens paid 24.6% taxes on $6,10,702 earnings, returns show

Washington President Joe Biden and his wife, Jill, earned $6,10,702 during their first year in the W

President Joe Biden and his wife, Jill, earned $6,10,702 during their first year in the White House and paid $150,439 in federal income taxes. That was a tax rate of 24.6% for 2021, well over the average of around 14% for all Americans.

The totals were similar to the Bidens’ 2020 returns, when they reported earning $6,07,336 as he ran for President. They reported a federal income tax rate of 25.9% then.

The national median household income was $67,521 in 2020, according to U.S. Census data.

It’s the second straight year Mr. Biden has released his tax returns from the White House, reestablishing a tradition that Presidents make their filings public after President Donald Trump declined to do so.

Both this year and last were steep drops from 2019 for the Bidens, when they earned nearly $1 million, primarily from book sales, speeches and their teaching positions at the University of Pennsylvania and Northern Virginia Community College.

Ms. Jill Biden still teaches in Virginia while serving as first lady. The returns show Biden earning $3,78,333 as President — his $4,00,000 annual salary minus the time before noon on Inauguration Day on January 20, 2021 — and his wife receiving $67,116 for her teaching.

The couple gave $17,394 to 10 different charities in 2021. The largest gift was $5,000 to the Beau Biden Foundation, a nonprofit that works to combat child abuse named for their son, Beau, who died of brain cancer in 2015 at age 46.