When it comes to philanthropy, President Biden and Vice President Harris step in. up shorter than their fellow Americans, review of their tax returns shows.
President and First Lady Jill Biden reported $610,702. in income for 2021 and paid $183,925. in federal and state income tax. The couple donated $17,394 to charity, or about 2.8%. This is about 0.3% less than the average charitable donation. for Americans earn between $500,000 and $2 million, according to 2016 data from the impartial Tax Policy Center.
In the case of Harris, the inequality was even worse. The Vice President and her husband 2nd Gentleman Doug Emhoff. earned $1,655,563 in 2021 and paid $523,371. in federal income taxes. The couple donated $22,100, or 1.3%, to charity. This figure is significantly less than 3.1%. on donated on average by those earning between $500,000 and $2 million.
The dacha disparity between the Biden and Harris families was first Fox News reports. Data from the Tax Policy Center showed that the poorest Americans were the most generous. with those earning less than $50,000 who line-item charitable contributions donated 8.4%.
Biden’s largest charitable donation of 2021 was $5,000 gift to the Beau Biden Foundation, named in honour of his son who died of cancer in 2015. The Bidens Significantly more generous in 2020 by donating $30,704. of of their income to charity, or about 5%.
The Beau Biden Foundation Officially Protects children from abuse, but unofficially served as a clearing house for a long time for Biden’s pals are collecting big paychecks.
organizationexecutive director director Patricia Daley Lewis, Deputy Attorney of Delaware general while Beau Biden served AG. She pocketed $150,660. in 2020, including $3,500. bonus records show. Joshua Alcorn, another longtime Biden political consultant, made $131,437 as COO, although he has since left down. The board of directors includes those concerned about President Biden son Hunter, and Beau’s widow Halle Biden.
Charity spent only 58% of involved funds on declared mission – well below upper rated charities, according to industry experts.
“A 58 percent program coefficient does not reflect a high level of financial efficiency,” said Lori Styron, Executive director of It is reported by CharityWatch.
.