The tax returns of US President Joe Biden and his spouse Jill were made public on Monday. They revealed that the couple’s income increased by 7% to $619,976 in 2023 and that they paid 23.7% of their income in federal taxes. Biden made the data public on the day that US taxes for the previous year were due. The Democrat is running for reelection in 2024.
Although the Internal Revenue Service stated he was free to reveal his federal tax returns, his Republican opponent, Donald Trump, defied the custom of presidents releasing them to the public by claiming he could not do so while under audit. Despite the former president’s concerns, a US House of Representatives committee controlled by Democrats in 2022 released Trump’s redacted returns for 2015 through 2020.
On Monday, Trump appeared in court in New York for a historic criminal trial, just one of many cases involving the former president’s personal affairs.
“President Biden believes that all occupants of the Oval Office should be open and honest with the American people and that the longstanding tradition of annually releasing presidential tax returns should continue unbroken,” the White House stated in a statement. Trump’s campaign did not immediately respond to a request for a response.
On Monday, Trump claimed on social media that tax cuts enacted during his administration had helped American households. He claimed that “colossal” tax rises would be imposed on the populace if Biden “got his way.” He didn’t provide any details regarding his 2023 tax return.
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