Bidens release tax return that shows they made almost $620,000 in 2023
Source: CNN
President Joe Biden and first lady Dr. Jill Biden earned $619,976 in 2023, according to their joint tax return released by the White House on Monday the deadline date for Americans to file their taxes.
The White House also released the return for Vice President Kamala Harris and second gentleman Doug Emhoff, showing that pair made $450,299 last year.
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 could be seen as a dig at former President Donald Trump, who declined to voluntarily release his tax returns while he was president. Six years of Trumps tax returns, including from his time as president, were released to the public by the House Ways and Means Committee at the end of 2022.
Read more: https://www.yahoo.com/news/bidens-release-tax-return-shows-213012030.html
mysteryowl
(7,390 posts)Midnight Writer
(21,770 posts)mysteryowl
(7,390 posts)underpants
(182,843 posts)§102. Compensation of the President
The President shall receive in full for his services during the term for which he shall have been elected compensation in the aggregate amount of $400,000 a year, to be paid monthly, and in addition an expense allowance of $50,000 to assist in defraying expenses relating to or resulting from the discharge of his
https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title3-section102&num=0&edition=prelim#:~:text=The%20President%20shall%20receive%20in,from%20the%20discharge%20of%20his
Johnny2X2X
(19,074 posts)Probably $130K a year.
Plus, hes forced to spend retirement income at his age.
AZ8theist
(5,477 posts)Yeah, me neither....
Lie # 18,939.
Lulu KC
(2,569 posts)Give the man a raise!
relayerbob
(6,545 posts)stopdiggin
(11,320 posts)Traurigkeit
(193 posts)Bucky
(54,027 posts)A state dinner in the United States is a formal dinner held in honor of a foreign head of state, such as a king, queen, president, or any head of government. It is hosted by the President of the United States and is usually held in the State Dining Room at the White House in Washington, D.C.
Other formal dinners for important people of other nations, such as a prince or princess, are called official dinners, the difference being that the federal government does not pay for them
cstanleytech
(26,299 posts)stopdiggin
(11,320 posts)but this is at the very bottom tier of anybody that is thought of as making real money.
(while acknowledging still being miles away from 'mean' - or average joe. still - there are county sheriffs out there pulling down 200+ easy.)
cstanleytech
(26,299 posts)stopdiggin
(11,320 posts)And, as I read it - the majority of that coming in the actual presidential salary.
cstanleytech
(26,299 posts)We all know that Trump and children were the ones blatantly doing that and the Republicans didn't give a damn about it.
PatSeg
(47,520 posts)They don't want anyone bringing up Trump and his children enriching themselves during his administration. I don't think they can resurrect Hunter's laptop, but who knows, they have a way of running every scheme into the ground. Look at the mileage they got out of Benghazi and Hillary's emails.
They are not only profoundly devious, they really aren't very good at it. They run the same old scams over and over again.
FalloutShelter
(11,872 posts)that, arguably, the most powerful man in the world does not view his time in the Oval as a criminal money grab.
I LOVE THE BIDENS.
TBF
(32,070 posts)the first-year law students at the big law firms come in around 200K starting (biggest firms in the major cities). Not to mention all the other various jobs over 500K - obviously doctors (notably specialists), investment bankers, business executives, even public-school superintendents in the bigger cities are often at 250K or higher.
It's cool of the Bidens to be totally transparent and release it all.
twodogsbarking
(9,768 posts)Like billionaires.
cstanleytech
(26,299 posts)Abolishinist
(1,301 posts)Or mayors of large cities. Or many social influencers on Tik-Tok.
I don't understand your point. ???
cstanleytech
(26,299 posts)jmowreader
(50,560 posts)The best part is on Page 2:
Your occupation: President
Okay...so his income is $400,000, hers is $85,985, and the rest of it is interest payments. One of the reported interest payments is $4, so he's not trying to hide anything. They had to enclose a check for $334, and there's an estimated tax penalty of $285.
He had $100,580 deducted from his pay. Since First Lady Biden is a 1099 employee and they had a lot of interest income, they made estimated payments of $46,000.
The whole return is only 29 pages long.
wolfie001
(2,252 posts)I love it! Joe 2024!!!
Bucky
(54,027 posts)He and Kamala just look so much like a wealthy West Coast couple. I just assumed they were swimmin' in it. I'd've thought for sure they'd make more than the Bidens. Plus I'm pretty sure that the average male Second Lady makes about 27% more than a woman doing the same job.
Marthe48
(16,976 posts)The president and the first lady fill in the forms, file them, release the information. Back to work for them and us.