President Joe Biden and First Lady Jill Biden earned $624,000 in 2020, according to tax returns released by the White House on Monday.
The campaign certainly stunted their income. The Bidens reported $1 million of earnings in 2019, $4.6 million in 2018 and $11.1 million in 2017, as they cashed in on books and speeches after leaving the Washington. But those income streams evaporated in 2020. Nearly half of their income last year came from social security payments or pensions and annuities.
With the release of these tax returns Biden restarted the tradition of presidents sharing their tax returns with the public. Donald Trump refused to release his returns on the campaign trail and while in office, breaking with precedent dating back decades.
Biden…