Bidens Paid 25.9% Rate and Earned $607,336, Tax Returns Show

President Joe Biden restored a long-standing presidential tradition by releasing his tax returns, showing that 25.9% of the first couple's income went to the federal government in 2020.

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President Joe Biden speaks about distribution of COVID-19 vaccines, in the East Room of the White House, Monday, May 17, 2021, in Washington. (AP Photo/Evan Vucci)
Image via AP Photo/Evan Vucci

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

WASHINGTON (AP) — President Joe Biden restored a long-standing presidential tradition Monday by releasing his tax returns, showing that 25.9% of the first couple’s income went to the federal government in 2020. The average federal income tax rate is just over 14%. Biden and his wife, Jill, a teacher, earned $607,336 last year while he was running for president. That is down from $985,223 in 2019, when they primarily earned money from book sales, speeches…

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