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LeadershipJoe Biden

Here’s how much President Biden paid in taxes this year

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
April 16, 2024, 10:32 AM ET
Photo of Joe Biden
President Joe Biden has released his tax returns for 2023. Anna Moneymaker/Getty Images

The taxman comes for everyone—even the president.

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Joe Biden and first lady Jill Biden had a federal tax bill of $146,629 for 2023, the White House announced in a statement Monday. Vice President Kamala Harris and her husband, Doug Emhoff, paid $88,570 in federal taxes.

“President Biden believes that all occupants of the Oval Office should be open and honest with the American people,” the White House said in a statement on Monday, “and that the longstanding tradition of annually releasing presidential tax returns should continue unbroken.”

That statement, of course, was a swipe at Donald Trump, who declined to voluntarily release his tax returns while in office.

The Bidens made $619,976 last year, with the majority of that coming from the president’s $400,000 salary, a figure that’s mandated by Congress. Jill Biden earned $85,985 from her teaching position at Northern Virginia Community College. They had a federal tax rate of 23.7%.

Harris and Emhoff made $450,299 and were in the 19.7% tax bracket.

When it came to state taxes, the Bidens paid $30,908 to Delaware as well as $3,549 to Virginia by Jill Biden. The vice president and second gentleman also paid $11,599 to California, while Emhoff paid $11,599 in District of Columbia income tax.

Both the president and vice president made substantial charitable donations. The Bidens reported $20,477 in contributions to 17 different charities, with the largest going to the Beau Biden Foundation. Harris and Emhoff contributed $23,026 to charities.

Biden has shared 26 years’ worth of tax returns to date. His income has fluctuated in that time, but 2023 was a good year for the Bidens, with an additional $40,462 in income, compared to 2022. Harris and Emhoff made slightly less in 2023 than they did the year prior.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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