Fox News reports that the White House has released President Joe Biden and first lady Jill Biden’s 2021 federal income tax returns.
The Bidens also released their 2021 income tax return for Delaware, their home state. Jill Biden released her income tax return for Virginia, where she teaches at Northern Virginia Community College.
President Biden and First Lady Biden filed a joint tax return for 2021. On that return, the two had a federal adjusted gross income of $610,702.
When all things were considered, the Bidens ended up paying $150,439 in federal income tax. This means that their effective federal income tax rate for 2021 was 24.6%.
In their home state of Delaware, the Bidens reported paying $30,765 in state income. And, Jill Biden reported paying $2,721 in income tax to Virginia.
To put these numbers into perspective, they are not far off from what the Bidens have paid in recent years. In 2020, for example, the Bidens had a federal adjusted gross income of $607,336. A major difference between 2020 and 2021, of course, is Joe Biden’s $400,000 presidential salary.
It also ought to be noted that in years prior to 2020 the Bidens reported significantly more income. In 2019, for example, their federal adjusted gross income was $985,223.
More tax returns
Vice President Kamala Harris and Second Gentleman Douglas Emhoff also released their 2021 federal income tax return. In addition, they released their state income tax returns which include one for California, one for New York, and one for the District of Columbia.
Like President and First Lady Biden, Harris and Emhoff filed a joint return. Their federal adjusted gross income for 2021 is $1,655,563. Harris and Emhoff paid $523,371 in federal income tax, which puts their income tax rate at 31.6%.
In addition, Harris and Emhoff paid $120,517 in income tax to California, $54,441 to the District of Columbia, and $2,044 to New York.
The left and the mainstream are trying to make a big deal out of the president and vice president releasing their tax return given that former President Donald Trump did not.
NBC News, for example, writes: “Every president since Richard Nixon has released their tax returns, except for Biden’s predecessor, Donald Trump, who claimed he could not make his returns public because they were under audit.”