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.
More Stories
China flies 38 warplanes near Taiwan, 6 navy vessels in area
UK House of Commons set to back controversial migration bill
Ex-Harvard prof sentenced, fined for lying about China ties