(TheLibertyRevolution.com)- Despite earning more money in 2021, President Biden and First Lady Jill Biden paid less federal taxes in 2021 than in 2020.
Joe and Jill Biden made $610,702 in 2021, and they paid 24.6% of their income in federal taxes. They had a profit of $607,336 the year before. Despite an increase of about $4,000, the Biden family paid approximately $7,000 less in federal income tax in 2021.
The Bidens paid a $157,414 tax bill in 2020, compared to $150,439 in federal taxes for 2021, according to their joint tax return. Joe and Jill Biden’s income comes from Joe Biden’s $400,000 presidential salary, of which he takes home $378,333 due to being inaugurated on January 20, 2021. Jill Biden took home $67,116 from a Northern Virginia Community College teaching position and an additional $61,995 in income from two S corporations.
Despite earning more money in 2021 than they did in 2020, they contributed nearly half as much to charity in 2021 as they did in 2020. Last year they only gave $17K to charity. The Beau Biden Foundation, which commemorates Biden’s deceased son, received the highest gift in 2021.
The White House put out a statement stating the release of the 24 years of tax returns demonstrates the Bidens are committed to being transparent with the American people.
But are the Bidens as transparent as they claim?
The Beau Biden Foundation for the Protection of Children collected $3.9 million in 2020 but barely spent a portion of it on its claim of helping children.
$1.8 million came from the Biden Foundation and The Beau Biden Foundation also received $225,000 from businesses linked to a significant political contributor and bundler for President Biden.
But in 2020, The Beau Biden Foundation spent only $932,865, with a major portion of that going to the six-figure salaries of Joe Biden’s friends and operatives who were given executive positions within the organization.
In honor of Beau Biden, a cancer victim, the Biden Cancer Initiative was founded in 2017. According to tax filings, the foundation spent millions on wages but none on research. The foundation halted operations in 2019 when Joe Biden became a candidate for president.
The White House is correct. The Bidens really are transparent.
We can see right through them.
