Joe Biden Releases 2020 Tax Returns
HuffPost
Although it has long been tradition for presidents to make their tax returns public, former President Donald Trump refused to do so.
President Joe Biden released his 2020 tax returns on Monday, something his predecessor refused to do despite public pressure. Earlier Monday, White House press secretary Jen Psaki said Biden’s tax returns would be made public “soon,” telling reporters to “stay tuned.” Bloomberg News first reported on the president’s returns, followed by the White House’s own release. Biden’s income fell drastically, from nearly $1 million in 2019 to $607,336 in 2020, as he dropped paid speaking engagements in order to campaign. His income is still high enough that he would pay the higher tax rates he proposed for wealthier Americans.
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