Joe and Jill Biden had lower income in 2022, paid less taxes: tax return

President Joe Biden and first lady Jill Biden reported $579,014 in earnings and paid 23.8% in federal taxes last year, both down from 2021, according to documents released by the White House Tuesday.

The Bidens paid $137,658 in federal income taxes in 2022, significantly less than the $150,439 the first couple paid the previous year. 

They also paid $29,023 in state taxes in Delaware and $3,139 in Virginia from the first lady’s teaching position at Northern Virginia Community College.

The first couple’s income took a hit in 2022, down by more than $30,000 from the $610,702 they reported in 2022, which they paid federal taxes on at a 24.6% rate. 

Their joint income mostly consisted of the president’s $400,000 annual salary, pensions and the first lady’s $82,335 in earnings from her teaching position at Northern Virginia Community College.

They also brought in $5,092 from two S Corporations – CelticCapri Corp. and Giacoppa Corp. – set up to receive money from their book sales and speaking engagements.

In 2021, the Bidens listed income from CelticCapri Corp. and Giacoppa Corp. totaling nearly $62,000.

The average federal tax rate for Americans is about 14% and the latest Census Bureau data shows that the average income of a two-person household is $75,143. 

Their return shows the Bidens gave $20,180 in charitable donations in 2022 to 20 different charities.

Their largest contribution went toward the Beau Biden Foundation named in honor of the president’s late son – up from the $17,394 in charitable donations they made in 2021.

From 2017 and 2019, between his time as vice president and president, Biden earned more than $16.5 million, including large payouts for speaking at colleges and elsewhere.

He earned almost $1 million from the University of Pennsylvania from 2017 to 2019, previous filings show.

Vice President Kamala Harris and her husband, attorney Douglas Emhoff, reported earning $456,918 in income in 2022, less than half the amount they reported in 2021, when the second couple raked in more than $1.6 million and paid a tax rate of 31.6%. 

Harris and Emhoff paid $93,570 in federal income tax in 2022 at a tax rate of 20.5%.

Their decline in their income stems from lower sales of Harris’ book “The Truths We Hold” and the absence of the windfall that came from the sale of a San Francisco property owned by the couple in 2021.

The veep and second gentleman contributed $23,000 to charity in 2022.