As an extended tax deadline approached this week, reports show that both President Joe Biden and Vice President Kamala Harris have released their respective returns.
Although the president’s paperwork might appear innocuous on the surface, one item is tied to a topic he would likely prefer avoiding altogether.
The Washington Examiner noted that the first couple reported a federal adjusted gross income of $607,336 and paid $157,414 in federal income tax at their effective rate of 25.9%.
For her part, Harris paid $621,893 in federal income tax at an even higher 36.7% rate.
The president paid $28,794 in Delaware state taxes while his wife, Jill, paid $443 in Virginia. Meanwhile, Harris paid $125,004 in California income taxes compared to her husband, Doug Emhoff, who paid $56,997 in D.C.
Records show that the Bidens donated $30,704 to various charities — including $10,000 to the Beau Biden Foundation, which was created to address issues related to child abuse and is named in memory of the president’s son.
The charity attracted attention last year in connection to reports that Joe Biden’s other son, Hunter, left a personal laptop at a Delaware computer repair shop.
“To prevent financial conflicts of interest”
In addition to emails and other material deemed suspicious by some media outlets, the device also sported a sticker advertising the Beau Biden Foundation.
Another family-linked charitable entity at the center of some speculation is the Biden Cancer Initiative.
In November, Fox Business Network reported that tax filings showed the organization raised nearly $5 million in donations between 2017 and 2018 but claimed no spending on cancer research projects. Instead, money was allocated to other expenses, including travel and high-dollar salaries for members of the Obama administration.
Gregory Simon, who served as the head of President Barack Obama’s cancer task force and is now the president of the Biden initiative, reportedly received $429,850 between July 1, 2018 and June 30, 2019. Danielle Carnival, who was Simon’s chief of staff under Obama, was also well-compensated, bringing home $258,207 during the same one-year period.
The White House took a veiled jab at President Donald Trump’s decision not to release his taxes, issuing a statement calling such transparency an “almost uninterrupted” tradition, asserting: “The public filing system serves to prevent financial conflicts of interest by providing for a systematic review of the finances of government officials.