WASHINGTON (Reuters) – U.S. President Joe Biden and his wife Jill on Monday released tax returns exhibiting that their profits rose 7% to almost $620,000 in 2023 and that the couple paid 23.7% of their profits in federal taxes.
Biden released the records on the day U.S. taxes for the prior twelve months are due, and as the Democrat seeks re-election in 2024. Donald Trump, his Republican opponent, has declined to release his tax returns.
Biden and his wife earned four-fifths of their profits from their jobs as U.S. president and teacher at Northern Virginia Neighborhood College, respectively.
Further cash got here from interest on investments, pensions and a pass-through entity that collects ebook royalties. The proportion of Joe Biden’s profits that went to federal taxes became roughly equal to the prior twelve months.
The return moreover showed that Biden donated $20,477 to charity, with the beneficiaries including several churches, public health groups like the Epilepsy Foundation and the Fraternal Uncover of Police.
Biden’s operating mate, Vice President Kamala Harris and her husband Douglas Emhoff, moreover released a tax return exhibiting $450,380 profits for 2023 and federal taxes of $88,570.
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