Joe Biden, Kamala Harris release tax return, restoring tradition Trump broke
The Hindu
U.S. President Joe Biden reported a drop in gross income compared to 2019.
U.S. President Joe Biden and Vice President Kamala Harris on Monday released their tax returns, according to which in 2020, she had an income of more than $1 million as compared to his $607,336. The President and the First Lady, Jill, a teacher, filed their income tax return jointly and reported federal adjusted gross income of $607,336, down from $985,223 in 2019. The first couple paid $157,414 in federal income tax and their 2020 effective federal income tax rate is 25.9%, the White House said. On the other hand, the Vice President and Second Gentleman Doug Emhoff reported federal adjusted gross income of $1,695,225. They paid $621,893 in federal income tax, amounting to a 2020 effective federal income tax rate of 36.7%. They also paid $125,004 in California income tax. The Second Gentleman paid $56,997 in District of Columbia income tax. They contributed $27,006 to charity in 2020.More Related News