Joe Biden's Tax Returns Show His Income Tanked To $607,000 In 2020 While Kamala Harris' Soared To $1.8 Million
May 18 2021, Published 11:08 a.m. ET
Unlike Donald Trump, President Joe Biden released his tax returns to the public and showed he brought in significantly less in 2020 than the previous year.
The 46th President of The United States proved he had nothing to hide even though his income plummeted by nearly $300,000.
Biden and first lady Jill Biden brought in $607,336, according to his 2020 tax return.
In previous years, the family has declared up to $11 million, reports Daily Mail.
In 2019, the Bidens showed an income of $985,233.
The fall is partly due to Joe giving up fast-earning speaking gigs -- where he'd collect nearly $190,000 for one speech -- in order to campaign full time.
The White House posted the document on Monday, proving the Bidens have nothing to hide.
Their 2020 tax return shows $260,000 of their income came from pensions and annuities.
$45,836 came from social security benefits.
The document also shows how much the president and first lady paid in taxes.
The Bidens forked over $157,414 in federal income tax, according to their tax returns.
Despite Joe Biden's income was significantly lower than usual, it still pushes the couple into the range of tax increases that he's pushing on the country's wealthiest.
While the Biden's brought in $607,336, Vice President Kamala Harris kept up her millionaire status.
According to Kamala and her husband Doug Emhoff's tax returns, the couple made more than $1.8 million in 2020.
The documents show that most of their money came from Emhoff's position as a partner at the law firm DLA Piper.
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They paid $620,000 in taxes.
When the White House released the president's tax returns, they took a dig at Donald Trump, who has refused for years to turn them over to the public.
"Today, the president released his 2020 federal income tax return, continuing an almost uninterrupted tradition," the White House wrote.
"With this release, the President has shared a total of 23 years of tax returns with the American public."
