President Biden, Federal Income Taxes and Charitable Giving

President Biden, Federal Income Taxes and Charitable Giving

Axios reported today (Tax Day!) that “The president and first lady reported a combined adjusted gross income of $619,976, more than the roughly $580,000 they earned in 2022 and more than the $610,000 they earned in 2021.

  • The Bidens paid $146,629 in federal income tax and had an effective federal income tax rate of 23.7%, according to their returns.”

What we wanted to know is how much did he donate to charity?

  • Charitable contributions from President Joe Biden and Dr. Jill Biden, $20,180.  Which is 3.25% of their income. 

  • Their biggest charitable contribution is $5,000 to the Beau Biden Foundation.

  • The charitable itemization is here:

charitable contributions from Presedent biden

How does Pres. and Dr. Biden’s donating 3.25% of their gross income stack up with other Americans?  Learn more here.

PS – Yahoo Finance reported that “Biden’s actual net worth is about $10 million, according to Forbes, which referred to him as “Middle-Class Joe” (though, in fairness, there’s nothing “middle class” about being worth $10 million).”

Note: the opinions expressed herein are those of Chuck Warren only and not his co-host Sam Stone or Breaking Battlegrounds’ staff.

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