President Biden and first Lady Jill Biden released her 2021 federal income tax return on Friday, as did Vice President Kamala Harris and second gentleman Doug Emhoff. Biden tax records show They earned a total of $610,702 in 2021 and paid $150,439, for effective income tax rate of 24.6%. The Bidens donated more over $17,000 for charity. first pair earned about the same amount in 2020 — over $607,000.
Harris and Emhoff earned substantially more in 2021 – $1.66 million, according to their jointly filed tax return. They paid $523,371. in income tax, for effective tax rate of 31.6%. Pair earned about the same amount in 2020 when they reported nearly $1.7 million. in income. second the couple paid $120,517 in California income tax in 2021 and Emhoff paid $54,441. in income tax in the region of Colombia. They donated just over $22,000 for charity.
Some of the income reported by Harris and Emhoff was from the sale of of Harris’ apartment in San Francisco, which netted them more over $319,000. Harris also reported earnings as a writer – $452,664.
Bidens who travel frequently to Delaware to spend time in their residences there, filed their state records in Delaware.
Biden tax returns also reflect that their S corporations created in Delaware. S corporations are sometimes criticized for not paying Medicare or Social Security taxes while the recipient of revenue is not tracked. Celticcapri Corp. attached to Mr. Biden, and Giacoppa Corp. attached to first lady, as their tax return notes.
first lady also non-resident taxes paid in state of Virginia, where she teaches at NOVA Community College. She paid $2,721. in Income tax in Virginia.
— Nancy Cordes and Gaby Ake contributed to this report.
Katherine Watson
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