The gross income of the president and his wife, who also works, was $579,514 (528,779 euros) in 2022, about $30,000 below their earnings in the previous year. The largest part of the Bidens’ income in 2022 was reportedly made up of the $400,000 presidential salary set by the US Congress.
Jill Biden, who teaches at Northern Virginia Community College and is the first US First Lady with a job outside the White House, earned $82,335. The couple paid federal taxes at 24.6 percent of their earnings, or $137,658. In addition, Joe and Jill Biden paid $29,000 in taxes to their home state of Delaware, and the First Lady also paid a good $3,000 in income taxes in the state of Virginia.
The list lists a good $20,000 in charitable donations. The largest donation of $5,000 went to the Beau Biden Foundation, named after Joe Biden’s late son, which fights against child abuse.
Biden’s open handling of his earnings differs significantly from that of his predecessor Donald Trump. The Republican, who wants to run again in next year’s presidential election, has for years resisted allowing the public to view his tax returns. When Trump, at the instigation of the Democrats in the US Congress, had to disclose his financial situation for a few years, it became clear that the real estate entrepreneur had paid practically no income tax despite winning millions.
Because of his renewed presidential candidacy, Trump disclosed his finances at the end of March. Accordingly, he earned more than five million dollars with appearances as a speaker. His series of digital trading cards, which show him in various poses including cowboy, astronaut and fighter pilot, brought him between $100,000 and $1 million.
On Tuesday, Biden’s deputy Kamala Harris and her husband Doug Emhoff also made their earnings public. In 2022, they earned $456,918 gross and paid $93,570 in taxes to the federal authorities and a good $17,000 in their home state of California.
