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President Joe Biden and first lady Dr. Jill Biden earned $619,976 in 2023, according to their joint tax returnreleased by the White House on Monday – the deadline date for Americans to file their taxes.

The White House also released the return for Vice President Kamala Harris and second gentleman Doug Emhoff, showing that pair made $450,299 last year.

“President Biden believes that all occupants of the Oval Office should be open and honest with the American people,” the White House said in a statement on Monday, “and that the longstanding tradition of annually releasing presidential tax returns should continue unbroken.”

That statement could be seen as a dig at former President Donald Trump, who declined to voluntarily release his tax returns while he was president. Six years of Trump’s tax returns, including from his time as president, were released to the public by the House Ways and Means Committee at the end of 2022.

The bulk of the Bidens’ income came from President Biden’s congressionally mandated $400,000 salary, along with pensions. The first lady also earned $85,985 from her position as a teacher at Northern Virginia Community College.

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[-] Tolookah@discuss.tchncs.de 122 points 1 year ago

You know what's disgusting? 85k salary for a teacher. Teachers need more.

[-] formergijoe@lemmy.world 34 points 1 year ago

A teacher with a doctorate.

[-] WeirdGoesPro@lemmy.dbzer0.com 29 points 1 year ago

Way more than my mom was paid as a teacher. She climbed the ranks for 20 years until retiring relatively recently, and barely broke 70 in all that time.

[-] TowardsTheFuture@lemmy.zip 19 points 1 year ago

Oh boy don’t look at Florida’s teacher salaries then. (Or whatever hell holes are the 2 states lower than us)

[-] iheartneopets@lemm.ee 11 points 1 year ago

Cries in Oklahoma. I'm hearing from other locals that, since we're losing so many teachers, some classes are being combined into gymnasiums with 120 kids to 1 teacher. Fuck Governor Stitt and his goon Ryan Walters.

[-] TowardsTheFuture@lemmy.zip 2 points 1 year ago

ouch. I'm sorry.

[-] youngGoku@lemmy.world 9 points 1 year ago

$85k for teacher seems reasonable in my opinion, especially considering how much time they get off during the year.

I thought it was much lower than that.

That said, I would love to see them make more than that. However, teaching is a fulfilling and rewarding job, and a lot of people do it for that reason. That makes it a competitive job market, and that's probably why salaries are low.

[-] 4am@lemm.ee 26 points 1 year ago

You think teachers just vacation when they’re not in class, how cute

[-] KevonLooney@lemm.ee 21 points 1 year ago

First of all, she's a college professor not a "teacher".

Second, teachers at lower levels are leaving the profession. There's not enough teachers for the roles right now. It's not rewarding anymore.

[-] funkless_eck@sh.itjust.works 8 points 1 year ago

my wife is a senior lecturer at a university and makes 50k, so these aren't accurate numbers at all.

[-] KevonLooney@lemm.ee 7 points 1 year ago

Sounds like she works at a stingy university, and is probably not also the President's wife.

[-] funkless_eck@sh.itjust.works 5 points 1 year ago

higher educational recruitment is a mess. She gets a daily email digest of jobs, there have been 2 in the last 5 years she could've applied to with better rates of pay, but both were very rural and away from friends and family by thousands of miles

[-] Treczoks@lemmy.world 19 points 1 year ago

Just another person who simply does not understand how teaching works.

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[-] Semi_Hemi_Demigod@lemmy.world 10 points 1 year ago

You could give me 11 months off work and I'd still want at least three times that much to be a teacher.

[-] TigrisMorte@kbin.social 4 points 1 year ago

President does not pay Teachers.

[-] Tolookah@discuss.tchncs.de 20 points 1 year ago

I know, I can be annoyed without it being in their control.

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Tolookah never suggested that.

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[-] idiomaddict@feddit.de 4 points 1 year ago

It’s a community college, so she might only teach one or two classes

[-] manual3204@iusearchlinux.fyi 14 points 1 year ago

When I was an adjunct in 2018, I earned about $4k/class.

[-] idiomaddict@feddit.de 10 points 1 year ago

Yeah, I’m assuming she’s pretty highly paid in comparison to her coworkers, but community colleges don’t pay especially well.

Ideally community colleges can get specialized funding so they can pay their workers adequately without raising prices.

[-] Pacmanlives@lemmy.world 2 points 1 year ago

I would like to know where to be to make that kind of money. My partner with a masters, just started making low 60s and we live in the highest paying district in the state. Avg home price is 575,188 and they have 70k in. No wonder we can buy here and stay here

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[-] conditional_soup@lemm.ee 97 points 1 year ago* (last edited 1 year ago)

Okay?

The presidential salary is $400,000/yr, which is pretty small compared to a lot of NATO countries. Jill just has to pull in $200k, which is probably pretty doable for people with their background- I'd bet they own a business or two at least, in which case this is still fairly modest in the US. It's an unimaginable amount of money for me and almost anyone I know, but it's really not out of the ordinary (and maybe even pretty low) for someone in an ownership/leadership position in the US.

[-] formergijoe@lemmy.world 53 points 1 year ago

Here's a full breakdown:

Biden's presidential salary is $400,000. Jill Biden reported earning $85,985 from Northern Virginia Community College, where she teaches. The Bidens collected $129,876 in taxable interest, pensions and annuities, Social Security benefits, and IRA distributions − significantly more than in 2022, producing the spike in income. Jill Biden also reported $4,115 in royalties from prior book publications.

From USA Today

Biden does get a pension for his time as Vice President and senator and they both qualify for social security.

[-] bradorsomething@ttrpg.network 6 points 1 year ago

Damn, they’re not rich enough to buy a large house in a blue state.

[-] samus12345@lemmy.world 2 points 1 year ago

Joe Biden's net worth is around $10 million.

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[-] silverbax@lemmy.world 97 points 1 year ago

Now let's compare the numbers to Donald Trump's...oh thats right, he said he would release his nine years ago and never did.

[-] ilinamorato@lemmy.world 12 points 1 year ago

He couldn't even scrape together $200m despite insisting that he's a billionaire. I think we can pretty confidently assume he has hamberder wrappers in his wallet and nothing else.

[-] InternetUser2012@midwest.social 9 points 1 year ago

Because he's a broke ass bitch

[-] jkrtn@lemmy.ml 5 points 1 year ago

Two more weeks! There are just so many papers. Two more weeks. They'll be perfect tax returns.

[-] sartalon@lemmy.world 73 points 1 year ago

Article says Jill pulls $85k. So the rest is probably investments, which is pretty damn modest, considering their age.

[-] formergijoe@lemmy.world 30 points 1 year ago

The Bidens collected $129,876 in taxable interest, pensions and annuities, Social Security benefits, and IRA distributions − significantly more than in 2022, producing the spike in income. Jill Biden also reported $4,115 in royalties from prior book publications.

Sauce: USA Today

[-] silence7@slrpnk.net 3 points 1 year ago

Biden can look forward to a federal government pension when he retires in 2029

[-] ashok36@lemmy.world 3 points 1 year ago

That's way lower than I'd expect for someone with a doctorate. I guess it makes sense if she only works part time?

[-] aluminium@lemmy.world 61 points 1 year ago

Seems very modest for the most powerful positon on earth

[-] twig@lemmy.dbzer0.com 14 points 1 year ago

I'm of two minds here. I don't think anyone for any reason should be allowed to earn over a half million per year. But also there are people whose positions are far less important who have earnings significantly higher than this.

The carryover effect of an economic system that that has catastrophically imbalanced wealth distribution means that in order for actually qualified people occupying roles that are important, you need to compensate them at a very high rate.

[-] Dozzi92@lemmy.world 9 points 1 year ago

I generally agree with you, but half a mil is peanuts and those aren't the people I think we should be eating. I think something in the 5-10m range is where we should be taking 90% of it or something. But yeah, you need to pay leaders enough for the job to be worth doing, because the goodness of one's heart doesn't provide unfortunately.

[-] Rapidcreek@lemmy.world 40 points 1 year ago

Compare that to what chief executives of corporations make.

[-] hark@lemmy.world 15 points 1 year ago

The real money from the presidency comes after which is when they get paid millions in speaking fees to take advantage of connections.

[-] isles@lemmy.world 7 points 1 year ago

There's a real chance that if he wins, he dies naturally in office.

[-] Wisas62@lemmy.world 13 points 1 year ago

Effective tax rate of 23.64%. He's very nearly in the 1% as far as yearly wages go, probably is when you calculate his total net worth. He paid $146k in taxes, more than some people will pay in their whole lifetime.

[-] Bernie_Sandals@lemmy.world 10 points 1 year ago

He's in the top 5%-2% of income, with the 1% starting at 800k or so.

He's worth about 10 million dollars.

The 1% of Networth begins around 10 billion dollars.

By income He's near the top, but definitely not near the top of net worth. I'm guessing the income statistics get skewed by the fact that usually the ultra wealthy don't take most of their wealth growth as income.

[-] autotldr@lemmings.world 4 points 1 year ago

This is the best summary I could come up with:


The White House also released the return for Vice President Kamala Harris and second gentleman Doug Emhoff, showing that pair made $450,299 last year.

“President Biden believes that all occupants of the Oval Office should be open and honest with the American people,” the White House said in a statement on Monday, “and that the longstanding tradition of annually releasing presidential tax returns should continue unbroken.”

Six years of Trump’s tax returns, including from his time as president, were released to the public by the House Ways and Means Committee at the end of 2022.

They donated $5,000 to the Beau Biden Foundation, which works to protect children from abuse and is named after the president’s late son, and smaller amounts to organizations including the Fraternal Order of Police, a Wilmington fire station and St. Joseph on the Brandywine.

Harris and Emhoff reported an income of $456,918 in 2022 and $1.6 million in 2021 - the year they sold a house.

The current first couple restarted the tradition of the first family releasing their tax returns upon taking office in 2021.


The original article contains 433 words, the summary contains 181 words. Saved 58%. I'm a bot and I'm open source!

[-] Thrillhouse@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

I thought the Fraternal Order of Police was making enough on the kickbacks from telemarketing scams?

lol you don’t even know why you’re downvoting this. Go watch the documentary.

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this post was submitted on 16 Apr 2024
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