According to copies of their income tax forms revealed on Friday, Kamala Harris and her husband made more than twice as much as Joe Biden and his wife last year.
Harris and the ostensibly second guy, Doug Emhoff, reported a federal adjusted gross income of around $1.7 million in 2021, which was almost the same amount they claimed to make the previous year.
Joe Biden and his wife, Jill Biden, claimed an income of roughly $611,000, about $4,000 more than they earned in 2020, according to the White House-released tax filings.
Additionally, the vice president and her spouse reported paying $523,371 in income taxes, a rate of 31.6 percent. For their part, the Bidens reported paying $150,439 in taxes on their income, implying that the president’s family paid a 24.6 percent tax rate.
Nearly $772,000 of Harris and Emhoff’s income was derived from the sale of a condominium in San Francisco and compensation received as a writer, according to tax papers. The pair gave $22,100 to charity last year, while the Bidens gave $17,394.
The Bidens’ highest philanthropic contribution — $5,000 – was made to the Beau Biden Foundation, a public charity committed to protecting children from abuse. Nine other organisations divided the remainder of their charity contributions.
Harris and Emhoff, for their part, disclosed $5,000 contributions to three institutions that they attended: California State University, Northridge; Howard University; and the University of Southern California.
The White House statement accompanying Friday’s document release made a point of stating that Joe Biden has now released 24 years’ worth of tax returns with the public, proving “his continued commitment to being honest with the American people regarding the commander in chief’s finances.”
Meanwhile, the White House highlighted that Harris had disclosed 18 years’ worth of tax returns.
Biden’s predecessor as president, whom he beat in the 2020 election, Donald Trump, never published his tax records.
However, a newspaper acquired and published on decades of Trump’s
tax returns last year. This research revealed, among other things, that Trump did not pay income taxes for 11 of the 18 years analysed by the Times.
Harris made her tax records public only hours after meeting Tanzanian President Samia Suluhu Hassan. Biden had announced intentions to visit the Pacific Northwest in the wake of declining popularity ratings in the run-up to November’s midterm elections.
Online access to the president’s and vice president’s complete tax returns is accessible.
