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LeadershipJoe Biden

Here’s how much President Biden paid in taxes this year

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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April 16, 2024, 10:32 AM ET
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President Joe Biden has released his tax returns for 2023. Anna Moneymaker/Getty Images
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The taxman comes for everyone—even the president.

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Joe Biden and first lady Jill Biden had a federal tax bill of $146,629 for 2023, the White House announced in a statement Monday. Vice President Kamala Harris and her husband, Doug Emhoff, paid $88,570 in federal taxes.

“President Biden believes that all occupants of the Oval Office should be open and honest with the American people,” the White House said in a statement on Monday, “and that the longstanding tradition of annually releasing presidential tax returns should continue unbroken.”

That statement, of course, was a swipe at Donald Trump, who declined to voluntarily release his tax returns while in office.

The Bidens made $619,976 last year, with the majority of that coming from the president’s $400,000 salary, a figure that’s mandated by Congress. Jill Biden earned $85,985 from her teaching position at Northern Virginia Community College. They had a federal tax rate of 23.7%.

Harris and Emhoff made $450,299 and were in the 19.7% tax bracket.

When it came to state taxes, the Bidens paid $30,908 to Delaware as well as $3,549 to Virginia by Jill Biden. The vice president and second gentleman also paid $11,599 to California, while Emhoff paid $11,599 in District of Columbia income tax.

Both the president and vice president made substantial charitable donations. The Bidens reported $20,477 in contributions to 17 different charities, with the largest going to the Beau Biden Foundation. Harris and Emhoff contributed $23,026 to charities.

Biden has shared 26 years’ worth of tax returns to date. His income has fluctuated in that time, but 2023 was a good year for the Bidens, with an additional $40,462 in income, compared to 2022. Harris and Emhoff made slightly less in 2023 than they did the year prior.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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