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Biden publishes his tax return, American tradition broken by Trump

Photo: Alex Brandon Associated Press According to their declaration, spouses Joe and Jill Biden received US$619,976 in 2023, most of which came from the president's $400,000 salary.

France Media Agency in Washington

April 15, 2024

  • United States

US President Joe Biden released his tax returns on Monday, an American tradition of high-level transparency that was temporarily halted under his predecessor in the White House, billionaire tycoon Donald Trump.< /p>

An annual custom, this non-obligatory practice is supposed to maintain the confidence of citizens in their political leaders. Other political figures are involved as well as candidates in local and national elections.

According to their declaration, the Bidens received US$619,976 in 2023, most of which comes from the president's $400,000 salary and his wife Jill Biden's $85,985 compensation for her teaching position in Virginia, near the capital Washington.

These revenues are up compared to previous years: almost $580,000 in 2022 and around 610,000 in 2021.

“President Biden believes that all tenants of the Oval Office must be open and honest with the American people,” the White House said in a statement. “The long tradition of annually releasing presidents’ tax returns must continue without interruption,” she added, a thinly veiled reference to the Trump era.

Because this year, the publication of the Biden couple's statement comes a few months before the November presidential election which pits the current Democratic president against Republican Donald Trump.

A famous business and media man before becoming the idol of the American right, Donald Trump chose not to follow the tradition of transparency maintained by other presidents, Democrats and Republicans alike.

As a candidate then as president between 2017 and 2021, he refused to make his tax return public.

But several of his statements were ultimately published after a battle led by Democrats in Congress. And it emerged that, for several years, Donald Trump had paid virtually no income tax, due to his business losses.

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116