The White House has released the 2020 tax return of the President of the United States on this Monday, Joe Biden, Thus fulfilling an unwritten tradition that Donald Trump broke during his tenure. “Today, the president has revealed what he paid in taxes in 2020, thus continuing an almost uninterrupted tradition,” the White House statement said. Of course, this news was not as much as the President had paid, as he had revealed it.
The former Republican president refused to divulge any information about his finances or what the true value of his empire was, according to a newspaper investigation the new York Times, He was in debt. In that information from September 2020, the New York newspaper claimed that Trump paid only $ 750 in tax in 2016. And that he also announced a $ 70,000 cut for hairdressing.
Trump is the only president since the Watergate scandal that cost Richard Nixon the presidency (1969–1974), not making public the data on taxes he paid, arguing that he could not do so Because it was subject to an audit. As established by the IRS (equivalent to the Internal Revenue Service, the Spanish Treasury), from that time every president and vice president are subject to scrutiny of their accounts every year.
According to White House notes, Joe and Jill Biden made just over $ 600,000 last year, according to their tax returns. The Biden couple, who jointly file their returns – the first woman to be a professor – paid more than $ 157,000 in federal income taxes and nearly $ 29,000 to the state where they arrived before reaching the White House, Delaware used to live.
Information released by the White House shows that Bidens had a significant decline in income last year. Electoral campaign for the presidency, Since he stopped earning money, he could not lecture or practice as a professor at the University of Pennsylvania. Joe and Jill Biden earned around $ 985,000 in 2019.
The earnings were also disclosed by Vice President Kamala Harris, who filed a joint return with her husband, lawyer Doug Amhof, declaring gross income of approximately $ 1,700,000. Between them, he paid about $ 622,000 in federal income taxes. Harris paid more than $ 125,004 in income tax in California (where she lived as a senator) and Amhoff paid about $ 57,000 in Washington (where she lived and as a law professor at Georgetown University Used to work in).
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