Biden and 1st Lady report joint gross income of $610,702 in 2021

Biden and 1st Lady report joint gross income of $610,702 in 2021

Washington, April 16 (UNI/Sputnik) US President Joe Biden and First Lady Jill Biden declared a joint gross income of $610,702 in 2021 and paid $150,439 in federal income tax, the White House said . “Today the President and First Lady released their 2021 federal income tax return,” the White House said in a press release. “The President and First Lady filed their taxes jointly and reported adjusted federal gross income of $610,702. They paid $150,439 in federal income tax, and their effective federal tax rate in 2021 is 24.6%. In 2021, the Bidens spent $17,394 on charitable contributions, including $5,000 to the Beau Biden Foundation, the statement said. U.S. Vice President Kamala Harris and her husband Douglas Emhoff reported joint gross income of $1,655,563 and paid $523,371 in federal tax revenue while donating $22,100 to charity in 2021, the statement added. It wasn’t until Richard Nixon, the 37th President of the United States, that sitting US presidents began to release their tax returns. The only exceptions to date have been Donald Trump and Gerald Ford. UNI SPUTNIK GNK

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