Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition. With this release, the President has shared a total of 23 years of tax returns with the American public. The President and the First Lady filed their income tax return jointly and reported federal adjusted gross income of $607,336. The Bidens paid $157,414 in federal income tax and their 2020 effective federal income tax rate is 25.9 percent. The President and First Lady also reported donating $30,704 – or about 5.1 percent of their total income – to 10 different charities. The largest reported gift to charity was $10,000 to the Beau Biden Foundation, a public charity dedicated to ensuring that all children are free from the threat of abuse. The President and First Lady also released their Delaware income tax return and reported paying $28,794 in Delaware income tax. The First Lady also released her Virginia income tax return and reported paying $443 in Vi...
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