Washington : President Joe Biden and wife earned $610,702 last year as per their tax returns filed on Friday.
Joe Biden's presidential salary was $378,333, slightly below the typical $400,000 annual pay because he entered office on January 20.
First Lady Jill Biden, who teaches English and writing at Northern Virginia Community College, earned $67,116. The couple paid an effective federal income tax rate of 24.6%, which came to $150,439 and another $30,765 in their home state of Delaware.
The Bidens made charitable donations totaling $17,394, which included $5,000 to the Beau Biden Foundation, set up in the name of the president's deceased son. The previous year the couple reported making a similar figure of $607,336 in income.
Vice President Kamala Harris and her husband Douglas Emhoff reported earning $1.65 million last year, according to their joint income tax returns. Unlike the Bidens, most of their income did not come from their salaries.
Harris reported earning $452,664 from her work as a writer, and the couple earned more than $319,000 from the sale of a condominium in San Francisco. Harris' vice presidential salary came to $215,548, slightly lower than the typical $230,700 salary due to her taking office on January 20.
Her husband, Doug Emhoff, earned $164,740 from his job teaching at Georgetown Law. He also reported earning $582,543 for his work as a lawyer at the law firms DLA Piper and Venable, which he left in 2021 when Harris took office.
They paid $523,371 in federal income tax at an effective federal income tax rate of 31.6%. The couple donated $22,100 to charity, according to the documents.
"With this release, the President has shared a total of 24 years of tax returns with the American public, once again demonstrating his commitment to being transparent with the American people about the finances of the commander in chief," the White House said in a statement. Biden's move contrasts with his predecessor Donald Trump, who broke with decades of tradition by refusing to release his tax records.
In 2020, The New York Times obtained decades of Trump's tax reports. In 11 of the 18 years that were examined by the paper, Trump paid $0 in federal income taxes.