Many people in this country dream of this tax rate: the most powerful man in the western world had to pay 24.6 percent of his income of 600,000 US dollars in taxes. First Lady Jill Biden also contributed $10,000 to the 2021 treasury.
Incidentally, Biden’s Vice President Kamala Harris and her husband, Doug Emhoff, earned significantly more as White House residents. For their part, they gave an annual income of 1.6 million dollars (1.5 million euros). They paid $523,371, or €480,000 in income tax, which corresponds to a tax rate of 31.6 percent.
The publication of tax returns is part of US policy for the President and other high-ranking politicians. Biden’s predecessor, Donald Trump, had always refused to follow this tradition as president. Trump has long been embroiled in litigation surrounding his financial and tax records, and he is going to great lengths and in a variety of ways to prevent document disclosure. In 2020, in the middle of the presidential election campaign at the time, the New York Times reported that the Republican had hardly paid any taxes for years. Trump denied that.