October 3, 2022

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Bidens paid 24.6 pc taxes on $610,702 earnings, returns show

President Joe Biden and his wife, Jill, earned $610,702 during their first year in the White House and paid $150,439 in federal income taxes. That was a tax rate of 24.6% for 2021, well over the average of around 14% for all Americans.

The totals were similar to the Bidens’ 2020 returns, when they reported earning $607,336 as he ran for president. They reported a federal income tax rate of 25.9% then.

The national median household income was $67,521 in 2020, according to U.S. Census data.