For nearly half a century, since the tenure of Richard Nixon, it has been a tradition for American presidents to publish their tax return.
The tradition was interrupted during the term of Donald Trump and was resumed by the current president Joe Biden, who published his tax data.
Joe and Jill Biden had incomes that exceeded $ 600,000 by 2020. Specifically, according to AMPE, they declared a gross income of $ 607,336. They paid $ 157,414 in federal taxes, or 25.9 percent. They also paid $ 28,794 in taxes in Delaware, where they live.
Vice President Kamala Harris and her partner Doug Emhoff, a lawyer, had even higher incomes: $ 1,695,225 gross, for which they paid $ 621,893 in federal taxes, or 36.7%.
They also paid 125,004 in taxes in the state of California, while Mr. Emhoff paid 56,997 in taxes in Washington, the federal capital.
Doug Emhoff took unpaid leave from the law firm he works for when Mrs. Harris was selected by Joe Biden as its vice presidential candidate.
The two families will see their taxes go up if Joe Biden manages to pass on his family aid and education plan, as it provides that Funding will be secured by raising taxes on wealthier Americans.
Biden’s gross income fell last year from $ 985,223 in 2019, due to not having as many book sales or paid speeches during the election campaign.
As for Donald Trump, according to an investigation by The New York Times, which secured several tax returns of the tycoon, the former Republican president managed in various ways to reduce his taxes to zero in 11 of the 18 years for which he has available newspaper data. He paid only $ 750 in taxes in 2016 and 2017.
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