President Joe Biden and First Lady Jill reported a total income of nearly $620,000 in their 2023 tax returns, showing a 7% increase from the previous year. Their income primarily stemmed from Joe Biden's presidential salary and Jill Biden's teaching earnings, supplemented by investments and book royalties.
The couple paid approximately $181,000 in federal taxes, indicating a tax rate of around 24%, with additional charitable donations totaling over $20,000. The release of their tax returns provides insight into the Bidens' sources of income and tax contributions, highlighting transparency in their financial affairs.
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