April 15 was the deadline for Americans to file their taxes, including President Joe Biden. The White House released President Biden and first lady Jill Biden’s joint tax return, showing the couple earned nearly $620,000 in 2023, with $400,000 coming from the presidential salary. This is up from about $580,000 they earned the previous year.
The Bidens paid $146,629 in federal income tax, with an effective income tax rate of 23.7%.
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According to the White House, the President and First Lady also reported contributions of $20,477 to 17 different charities. Among those gifts to charity was a $5,000 contribution to the Beau Biden Foundation, a public charity dedicated to ensuring that all children are free from the threat of abuse. They also donated to St. Joseph on the Brandywine, their home parish, the Tragedy Assistance Program for Survivors (TAPS) and the National Fraternal Order of Police Foundation, among other charities.
The White House issued a statement affirming President Biden’s belief that “the longstanding tradition of annually releasing presidential tax returns should continue unbroken,” possibly referencing his 2024 presidential opponent. Former President Donald Trump did not release his tax returns while in office, though six years of returns were made public by the House Ways and Means Committee in 2022.
When asked if Trump will release his 2023 tax returns, a campaign spokeswoman told USA Today that the former president “has released more information to the American public about his personal finances than any candidate in history.”
[KARAH RUCKER]
AS WE REPORTED YESTERDAY ON THE MORNING RUNDOWN – APRIL 15TH WAS THE DEADLINE FOR AMERICANS TO FILE THEIR TAXES – AND THAT INCLUDED THE CURRENT PRESIDENT.
THE WHITE HOUSE RELEASING PRESIDENT JOE BIDEN AND FIRST LADY JILL BIDEN’S JOINT TAX RETURN – SHOWING THE COUPLE EARNING NEARLY SIX HUNDRED TWENTY THOUSAND DOLLARS (620,000) IN 20-23 – WITH FOUR HUNDRED THOUSAND (400,000) DOLLARS COMING FROM THE PRESIDENTIAL SALARY. THAT IS UP FROM THE ROUGHLY FIVE HUNDRED EIGHTY THOUSAND (580,000) DOLLARS THEY EARNED LAST YEAR.
THE BIDENS PAID MORE THAN ONE HUNDRED FORTY SIX THOUSAND DOLLARS (146,629) IN FEDERAL INCOME TAX – AN INCOME TAX RATE OF TWENTY THREE POINT SEVEN (23.7) PERCENT.
THE WHITE HOUSE RELEASING A STATEMENT SAYING PRESIDENT BIDEN BELIEVES THE LONGSTANDING TRADITION OF ANNUALLY RELEASING PRESIDENTIAL TAX RETURNS SHOULD CONTINUE.
THAT’S LIKELY A REFERENCE TO HIS 2024 PRESIDENTIAL OPPONENT — AS FORMER PRESIDENT DONALD TRUMP DIDN’T RELEASE HIS TAX RETURNS WHILE IN OFFICE – THOUGH SIX YEARS OF RETURNS WERE RELEASED TO THE PUBLIC BY THE HOUSE WAYS AND MEANS COMMITTEE IN 20-22.
WHEN ASKED IF TRUMP WILL RELEASE HIS 20-23 TAX RETURNS – A CAMPAIGN SPOKESWOMAN Told USA TODAY THE FORMER PRESIDENT “HAS RELEASED MORE INFORMATION TO THE AMERICAN PUBLIC ABOUT HIS PERSONAL FINANCES THAN ANY CANDIDATE IN HISTORY.”
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