Biden, Harris Release 2020 Tax Returns

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President Biden and Vice President Harris on Monday released their 2020 tax returns, which reflect their income from the last year before they were inaugurated.

The release of their tax returns, which came on the tax-filing deadline, follows four years in which former President Trump and former Vice President Mike Pence broke with precedent and did not disclose their returns at any point while in office.

The president and first lady Jill Biden reported adjusted gross income of $607,336. They reported paying $157,414 in federal income taxes, for an effective tax rate of 25.9 percent.

Harris and second gentleman Doug Emhoff reported on their 2020 federal tax return adjusted gross income of $1,695,225 and total taxes of $621,893, for an effective tax rate of 36.7 percent.

The bulk of their income came from Emhoff’s work as an attorney. Their income also included Harris’s salary as a U.S. senator and income she received from her books.

Read more at The Hill.

{Matzav.com}


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