The release comes on tax day, and a day after Biden will hold a tax-related event at Scranton, Pa.
President Biden and Jill Biden arrive at the East Room of the White House in March 2023 for a National Medal of Arts ceremony. President Biden and first lady Jill Biden released their jointly filed 2023 tax returns on Monday, showing a federal adjusted gross income of $619,976 on which they paid $146,629 in federal income tax, an effective rate of 23.7 percent.
That was a not-so-subtle jab at former president Donald Trump, Biden’s likely opponent in the 2024 election. Trump never voluntarily released his tax returns as a presidential candidate or as commander in chief, bucking a decades-old tradition for those seeking and occupying the nation’s highest office.
While the Bidens are now millionaires, the president has long stressed his middle-class background, including his upbringing in Scranton and his family’s financial struggles when he was growing up. In his speeches, he often notes that he remained ensconced in the middle class well after he entered public life, telling crowds he “had the great pleasure of being listed as the poorest man in Congress for 36 years.
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