Donald Trump triggered plenty of controversy when he chose to hide his tax returns during his presidency.
President Joe Biden is putting that tradition of presidential transparency back into practice. In a press release, the White House threw some subtle shade at Donald Trump’s decision to disregard a long-standing tradition:
Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition. With this release, the President has shared a total of 23 years of tax returns with the American public.
The WH says in a joint tax return, the President and First Lady reported federal an adjusted gross income of $607,336. They paid $157,414 in federal income tax, which is a tax rate of 25.9 percent. They donated $30,704 (5.1% of their total income), “The largest reported gift to charity was $10,000 to the Beau Biden Foundation, a public charity dedicated to ensuring that all children are free from the threat of abuse.”
Vice President Kamala Harris also released the joint return she filed with her husband for 2020. It showed a federal adjusted gross income of $1,695,225. They paid $621,893 in federal income tax, which is an income tax rate of 36.7%. They contributed $27,006 to charity.