Many Americans have mixed feelings about this.
According to federal income tax returns released by the White House on Friday (April 15), President Joe Biden and First Lady Jill Biden reported a federal adjusted gross income of $610,702 in 2021.
On their joint income tax return, it shows the President and the First Lady paid $150,439 in federal income tax, which makes their effective federal income tax rate 24.6 percent.
The pair also made ten charitable donations in 2021 to the value of $17,394, with $5,000 of that figure being donated to the Beau Biden Foundation.
According to the White House, the foundation — which bears the name of Biden’s eldest son — is a public charity dedicated to establishing an environment where all children are free from the threat of abuse.
Also on Friday, the first couple released their state income tax for Delaware and reported paying $30,765 in state income tax.
The First Lady — who teaches at the Northern Virginia Community College — also released her Virginia income tax return, reportedly paying $2,721 in Virginia income tax.
In its statement sharing Biden’s income tax returns, the White House noted that this year marks the 24th year that Biden has shared his income tax with the public.
Vice President Kamala Harris and Second Gentleman Douglas Emhoff, who filed jointly, also released their federal income tax return and respective state income tax returns.
The Second Couple reported a federal adjusted gross income of $1,655,563 and paid $523,371 in federal income tax, making their effective rate 31.6 percent.
In California, the couple paid $120,517 in state income tax, and in New York, $2,044 in state income tax.
Filing separately in the District of Columbia, where he teaches at Georgetown University Law Center, Emhoff paid $54,441 in state income tax.
The couple also contributed $22,100 to charities in 2021.