![]() ![]() "It's important," she said, "and I want people to value teachers and know their contributions, and lift up the profession. Jill Biden is continuing to teach at community college when her husband is in the White House. The United States also affords its Commander in Chief a $50,000 expense allowance "to assist in defraying expenses relating to or resulting from the discharge of his official duties." His wife, Dr. ![]() Biden's presidential salary is $400,000 per year. The site also notes that they have "cash and investments worth another $4 million or so" as well as a $1 million federal pension. Harris became the vice president upon inauguration in January 2021 alongside President Joe Biden. Per Forbes, the Bidens' two homes in Delaware are worth a combined $4 million. In March 2020, Biden promised to select a woman as his running mate, which marked the third time that the vice presidential nominee of a major party in the United States has been a woman, after Geraldine Ferraro in 1984 and Sarah Palin in 2008. The bulk of the Biden's wealth is in real estate, but they have a portfolio of investments too. The New York Times also notes that Biden made additional unpaid speaking engagements during this time which are not listed on the disclosure, citing his campaign.Īdditionally, the disclosures reveal that the former VP earned $540,000 as a professor at the University of Pennsylvania’s Penn Biden Center for Diplomacy and Global Engagement. The AP reports that Biden's basic speaking fee was $100,000, but it ranged from $40,000 to $190,000. The bulk of that number comes from a multi-book deal with Flatiron Books valued at $8 million per Publishers Weekly, but the Bidens also earned a sizable income from speaking engagements. More specifically, the Bidens reported an adjusted gross income of roughly $11 million in 2017 and $4.6 million in 2018. When he was elected Vice President, he got another raise, earning roughly $230,000 a year. Over the course of his tenure, his salary increased from $42,500 per year to $174,000 per year, according to the Senate's historical records. Before Biden became Vice President, he served as a Senator from 1973 to 2009. Here, take a look back at how he earned his fortune. Their 2020 effective federal income tax rate is 25.9%," reports CNN. "According to the first family's 1040 form, they paid $162,063 and received a refund of $4,649. Smith’s piece also noted the biggest problem with the last year of Biden’s presidency is that 62 of U.S. Per CNN, the Bidens filed their tax return jointly and "reported a federal adjusted gross income of $607,336 and owed $157,414 in federal income tax." In May of 2021, the White House also released Biden's 2020 tax returns. At the start of his 2020 presidential campaign Biden released his financial information- disclosures as well as state and federal tax returns for 2016, 2017, and 2018-and based on those forms, Forbes estimated that he had a net worth of $9 million. īiden later posted a photo of himself with Obama in the Oval Office.Joe Biden may be known to some by the nickname Middle-Class Joe, but the former vice president and current president is actually a millionaire, many times over. Happening Now: President Biden, Vice President Harris, and President Obama deliver remarks on the Affordable Care Act and lowering health care costs for families. It feels like the good old days.”īefore he signed a new executive order on healthcare, Biden quipped, “Barack, let me remind you, it’s a hot mic.” When Biden started his remarks, he quipped, “My name is Joe Biden and I’m Barack Obama’s vice president.” He said more seriously to Obama, “Welcome back to the White House, man. Obama also made light of the moment when he signed the ACA and Biden was heard telling him, “this is a big f-ing deal!” We are supposed to do this because it is making a difference in the lives of the people who sent us here.” “We are not supposed to do this just to occupy a seat or hang on to power. “The ACA was an example of why you run for office in the first place,” he said. He said that he “intended to get health care passed even if it cost me re-election, which looked for a while like it might.” The crowd in the room laughed. “Despite great odds, Joe and I were determined, because we met too many people on the campaign trail who shared their stories, and our own families had been touched by illness.” Obama talked about how hard it was to pass the Affordable Care Act. “Coming back, even if I have to wear a tie, which i very rarely do these days, give me a chance to visit with some of the incredible people who serve this White House and who serve this country every single day.” Gavin Newsom Could Help End Hollywood Strikes - But Not Yet ![]()
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