The Bidens’ 2022 federal income tax returns showed a $579,514 federal adjusted gross income, according to the White House.
The president and first lady filed a joint tax return and paid federal, Delaware, and Virginia income taxes totaling $169,820.
Bidens’ Income and Tax Payments in 2021
The president and first lady paid $137,658 in federal income tax and $29,028 in income tax to the state of Delaware. Due to her employment at Northern Virginia Community College, the first lady reported paying $3,139 in Virginia income tax. The president earns $400,000 per year in salary.
In 2021, the President and First Lady reported a federally-adjusted gross income of $610,700.00. The first couple earned $607,336 in 2020, a decrease from their reported 2019 income of $985,236. The Bidens had an effective federal income tax rate of 23.8% in 2022.
The first couple also reported contributions of $20,180 to 20 different charities, with the Beau Biden Foundation receiving the largest donation of $5,000.
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Second Couple’s 2022 Federal Income Tax Rate
The first couple contributed to a number of charitable organizations, including the National Fraternal Order of Police Foundation, their spiritual home, St. Joseph on the Brandywine, and the Tragedy Assistance Program for Survivors.
Vice President Biden has demonstrated his commitment to being transparent with the American people about the finances of the Commander-in-Chief, according to the White House, by releasing 25 years’ worth of tax returns to the public.
The White House simultaneously released the tax returns of both the Vice President, Kamala Harris, and the Second Gentleman, Douglas Emhoff.
The second couple’s federally adjusted gross income was reported to be $456,918. In 2022, their effective federal income tax rate was 20.5 percent, and they paid a total of $93,570 in federal income tax.
Both Harris and Emhoff contributed $17,612 to the California state income tax. $9,697 was the amount of income tax owed by Emhoff to the District of Columbia.
The second couple donated $23,000 to a charitable organization in 2022.
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