Biden and Harris release 2021 tax returns
President Biden and first lady Jill Biden earned $610,702 in 2021, according to their tax returns released on Friday.
Why it matters: It's the second year in a row that Biden released his tax returns —after former President Trump refused to do so throughout his presidency.
Driving the news: The Bidens paid $150,439 in federal income tax and had an effective federal income tax rate of 24.6% in 2021, per their returns.
- They also reported contributions of $17,394 to 10 different charities, with the largest contribution of $5,000 going to the Beau Biden Foundation.
Vice President Kamala Harris and second gentleman Doug Emhoff also released their 2021 tax returns on Friday, showing they earned about $1.65 million, paying a federal income tax rate of 31.6%.
- Harris and Emhoff paid $523,371 in federal income tax.
Go deeper ... Joe Biden releases his 2020 tax return