- President Joe Biden and first lady Jill Biden released their tax returns Monday
- Their income rose by 7 percent to nearly $620,000 and they paid $146,629 in federal taxes
President Joe Biden and first lady Jill Biden released their tax returns Monday that showed that their income rose 7 percent to nearly $620,000 in 2023 and that the couple paid 23.7 percent of their income in federal taxes.
The first couple’s combined income was $619,976 last year and they paid $146,629 in federal taxes.
Biden released the data on the day U.S. taxes for the prior year are due, and as the Democrat seeks re-election in 2024.
Former President Donald Trump, his Republican opponent, has declined to release his tax returns.
Biden and his wife earned four-fifths of their income from their jobs as president and teacher at Northern Virginia Community College, respectively.
Dr. Jill Biden
President Joe Biden
Additional money came from interest on investments, pensions and a pass-through entity that collects book royalties.
The proportion of Joe Biden’s income that went to federal taxes was roughly equal to the prior year.
The return also showed that Biden donated $20,477 to charity, with the beneficiaries including several churches, public health groups like the Epilepsy Foundation and the Fraternal Order of Police.
Biden’s running mate, Vice President Kamala Harris and her husband Douglas Emhoff, also released a tax return showing $450,380 income for 2023 and federal taxes of $88,570.
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