Bidens release tax return that shows they made almost $620,000 in 2023 | CNN Politics
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President Joe Biden and first lady Dr. Jill Biden earned $619,976 in 2023, according to their joint tax return released by the White House on Monday – the deadline date for Americans to file their taxes.

President Joe Biden and first lady Dr. Jill Biden earned $619,976 in 2023, according to their joint tax returnreleased by the White House on Monday – the deadline date for Americans to file their taxes.

The White House also released the return for Vice President Kamala Harris and second gentleman Doug Emhoff, showing that pair made $450,299 last year.

“President Biden believes that all occupants of the Oval Office should be open and honest with the American people,” the White House said in a statement on Monday, “and that the longstanding tradition of annually releasing presidential tax returns should continue unbroken.”

That statement could be seen as a dig at former President Donald Trump, who declined to voluntarily release his tax returns while he was president. Six years of Trump’s tax returns, including from his time as president, were released to the public by the House Ways and Means Committee at the end of 2022.

The bulk of the Bidens’ income came from President Biden’s congressionally mandated $400,000 salary, along with pensions. The first lady also earned $85,985 from her position as a teacher at Northern Virginia Community College.

  • conditional_soup@lemm.ee
    904·
    7 months ago

    Okay?

    The presidential salary is $400,000/yr, which is pretty small compared to a lot of NATO countries. Jill just has to pull in $200k, which is probably pretty doable for people with their background- I’d bet they own a business or two at least, in which case this is still fairly modest in the US. It’s an unimaginable amount of money for me and almost anyone I know, but it’s really not out of the ordinary (and maybe even pretty low) for someone in an ownership/leadership position in the US.

    • formergijoe@lemmy.world
      49·
      7 months ago

      Here’s a full breakdown:

      Biden’s presidential salary is $400,000. Jill Biden reported earning $85,985 from Northern Virginia Community College, where she teaches. The Bidens collected $129,876 in taxable interest, pensions and annuities, Social Security benefits, and IRA distributions − significantly more than in 2022, producing the spike in income. Jill Biden also reported $4,115 in royalties from prior book publications.

      From USA Today

      Biden does get a pension for his time as Vice President and senator and they both qualify for social security.

        • Bernie_Sandals@lemmy.world
          3·
          7 months ago

          He owns two houses in Blue states, that’s where 7 million dollars of his 10 million dollar net worth comes from.

          Still significantly less than any usual oligarch, dictator, or any member of an S&P 500 company C suite.