- Oct 17, 2011
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The Bidens filed their federal tax return jointly and reported a federal adjusted gross income of $607,336 and owed $157,414 in federal income tax, according to a summary of their taxes released by the White House. According to the first family's 1040 form, they paid $162,063 and received a refund of $4,649. Their 2020 effective federal income tax rate is 25.9%.
"The Vice President and the Second Gentleman reported federal adjusted gross income of $1,695,225. They paid $621,893 in federal income tax, amounting to a 2020 effective federal income tax rate of 36.7 percent," the release from the White House says.
"Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition," The White House said.
Biden 2020 1040
The Bidens filed their federal tax return jointly and reported a federal adjusted gross income of $607,336 and owed $157,414 in federal income tax, according to a summary of their taxes released by the White House. According to the first family's 1040 form, they paid $162,063 and received a refund of $4,649. Their 2020 effective federal income tax rate is 25.9%.
"The Vice President and the Second Gentleman reported federal adjusted gross income of $1,695,225. They paid $621,893 in federal income tax, amounting to a 2020 effective federal income tax rate of 36.7 percent," the release from the White House says.
"Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition," The White House said.
Biden 2020 1040