Joe Biden’s tax returns for 2021 seems to show a typical Democrat trend. As he rose in government, he made more money, paid less in taxes, and gave less to charity.
What is it with these Democrats, anyway? They claim to caaaare about everyone, but their actions usually prove they are in it only for themselves.
Biden and “Doctor” (ha) Jill filed jointly and reported a federal adjusted gross income of $610,702 on their 2021 federal income tax returns, over the $607,336 they claimed they earned in 2020.
“Between 2017 and 2019, in 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,” the New York Post reported.
The Bidens paid $150,439 in federal taxes at a federal income tax rate of 24.6%. The average individual income tax rate was 13.29%% in 2019, according to the Tax Foundation.
They also paid $30,765 in their home state of Delaware, according to a copy of their joint return. Jill Biden paid $2,721 in Virginia taxes because she teaches at Northern Virginia Community College.
The Bidens gave $17,394 to charitable causes in 2021 – which is about 2.8%. The average charitable deduction for individuals earning between $500,000 and $2 million is 3.1% of adjusted gross income, according to 2016 tax information from the Tax Foundation. Those earning between $100,000 and $500,000 donate 2.9%.
When Biden was running for president in 2020, the Bidens gave $30,704 in charitable donations – which amounted to approximately 5% of their income.
ABC News reported that the Bidens donated $995 to charity in 2007 – which is about 0.3% of their income. In 1999, the Bidens gave $120 to charity. The article published in 2008 stated, “Over the decade, the Bidens reported a total of $3,690 in charitable donations, or 0.2% of their income.”
The Bidens donated to 10 charities in 2021, and the largest gift – $5,000 – was sent to Beau Biden Foundation. The mission of the organization honoring the president’s late son is to prevent child abuse “through effectively educating adults and children, developing the next generation of child welfare professionals, and strengthening child protection laws around the country.”
If “the Big Guy” only took in $600,000 I have a bridge to sell ya.
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Tags: charity Commentary democrats Joe Biden taxes
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