Bidens release tax records ahead of first presidential debate, earned over $16.5 million since 2017 from book deals, speeches

by Jenny Mount · Sep 29th, 2020 4:41 pm
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Last Updated Oct 1st, 2020 at 9:19 am

According to new 2019 tax returns filed on Tuesday, former Vice President Joe Biden and his wife reported earning more than $16.5 million in total since leaving the White House.

The Bidens and Democratic vice presidential nominee Sen. Kamala Harris and her husband released their 2019 tax returns preceding Tuesday's first presidential debate between Biden and President Trump. The debate also follows The New York Times's first report on Trump's tax returns, which have been highly sought after documents since Trump refused to voluntarily disclose them. The initial report reveals that Trump paid no income tax between 2000 and 2015 and only paid $750 in both 2016 and 2017.

An extensive report from the Washington Post in June 2019 showed that Biden's contracts for speaking often included allocations for travel, allowing Biden to fly on a private plane and be driven by a private driver in a town car. It also revealed that Biden required his dressing rooms to be fully stocked with coffee, Coca-Cola, and a full-length mirror.

Joe Biden regularly made six figures from a single paid speech, bringing in between $66,000 and $182,679 per speech for 18 speeches he gave in 2017 and 2018. He's also been paid more than $400,000 over the course of several years for a position at the University of Pennsylvania. Meanwhile, Jill Biden reported income from 17 speaking engagements in 2017 and 2018, earning her between $25,000 and $46,000 per speech.

NBC showed that the couple reported earning $11 million soon after leaving the White House in 2017 and $4.5 million in 2018. While Biden was running in the Democratic presidential primary for most of 2019, he reported earning more than $944,000. According to NBC, their tax returns showed they paid $5.5 million in federal taxes within those three years. Their financial forms show that they hold assets between $2.2 and $8 million, which was a significant increase from before they left the White House in 2017.


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