President Biden on Monday – Tax Day – in a swipe at his predecessor, said he released his tax returns, “unlike some other presidents.” The White House, on Friday, released the first couple’s tax returns – marking the 24th year that the Bidens released their tax returns to the public.
“I did them and I released them already, unlike some other presidents,” Biden said on Monday during the White House Easter egg roll. “Every single year.”Former President Trump never released his tax returns as president of the United States.
Biden reported a federal adjusted gross income of $610,702 last year, according to their 2021 federal income tax returns released by the White House Friday. The president and first lady filed their income tax return jointly, and paid $150,439 in federal income tax. Their 2021 effective federal income tax rate is 24.6%.
The first couple also reported contributions of $17,394 to 10 different charities in 2021 – with the largest gift, $5,000, being donated to the Beau Biden Foundation. The White House says the foundation is a public charity dedicated to ensuring that all children are free from the threat of abuse.
The first couple on Friday also released their Delaware income tax return, and reported paying $30,765 in state income tax.The first lady also released her Virginia income tax return and reported paying $2,721 in Virginia income tax.