Joe Biden: US President publishes tax returns

Joe Biden: US President publishes tax returns

Since being handed over in January, the White House has been closed after four chaotic years Donald Trump In many localities, the situation also applies to the political custom according to which an American president makes his tax return public – Trump prevented it, among other things, by legal means.

Biden and his wife Jill earned more than US $ 600,000 (around EUR 500,000) in 2020. The couple paid a nice $ 157,000 federal income tax and another $ 29,000 in their home state Delaware The White House announced on Monday.

American vice president Kamala Harris and her husband Douglas Amhof Recorded an income of $ 1.7 million in 2020, on which he paid a total of $ 800,000 in taxes. For the former senator and her husband, a successful lawyer, the income in the election year was much lower than in 2019. At the time, the two had a total income of just under $ 3.3 million.

For former senator and vice-president Biden, 2019 was a better year financially: At the time, he and his wife Jill reportedly still had a good income of $ 985,000.

Biden and Harris won against Trump in the election held last November. You have been in office since 20 January.

Endless debate on former president’s taxes

According to US media reports, Republicans are said to have paid hardly any income tax to the federal government for years. The New York Times reported Trump paid only $ 750 in income tax in 2016 and 2017.. Trump dismissed the report across the board at the time, but also pointed out that the president owes other taxes in the millions.

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The New York Public Prosecutor’s Office is likely to gain insight into or already have knowledge of Trump’s tax files due to the ongoing investigation and the Supreme Court’s same ruling. However, publication of documents seems impossible.

Biden wants to raise income tax for top earners – which will also have an impact on himself. The proceeds are to be used to finance large investments in infrastructure and social services. Whether he can win congressional approval for this is still uncertain, as he may depend on many dissidents of Republicans in the Senate.

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