Biden and Harris ' Earnings Revealed
US President Joe Biden and his wife Jill earned about 600 thousand dollars in 2020, while Vice President Kamala Harris and her husband Doug Emhoff-almost 3 times more, according to tax returns released by the White House.
In the United States, Monday is the deadline for filing federal tax returns. It was extended for a month due to the coronavirus epidemic.
According to the returns, the president and his wife earned $ 607,336 by paying $ 157,414 in federal income tax at an effective tax rate of 25.9%. They also spent $ 30,704 on charity, including writing a check for $ 10,000 to a foundation named after Biden’s son Beau, who passed away in 2015.
In addition to the federal tax, the president and first lady paid almost $ 29,000 in taxes to the state of Delaware and $ 443 to the state of Virginia.
Harris and her husband earned $ 1,695,225 and paid $ 621,893 in federal income tax at an effective rate of 36.7%. In addition, they paid $ 125,000 in income tax to California and $ 57,000 to the District of Columbia, and donated $ 27,000 to charity.
Biden was a former vice president and presidential candidate for most of 2020, while Harris served as a senator before being elected vice president.