US President Joe Biden – who pledged transparency around his personal finances while in office – and his wife Jill Biden reported a bit more than US$600,000 (RM2.5 million) on their federal tax returns for 2021, the White House said Friday.

The couple paid US$150,439 in taxes on US$610,702, for a tax rate of 24.6%, the White House said. 

In publishing their tax information, the president and first lady – the first to work outside the White House, as a professor – are bringing back a custom dating back to the 1970s but interrupted by previous president Donald Trump. 

Vice President Kamala Harris and her husband Doug Emhoff declared a 2021 income of US$1.6 million on their federal returns, and paid a tax rate of 31.6%, or US$523,371. – AFP, April 16, 2022.