Joe Biden’s Millions: Former VP Releases Three Years Of Tax Returns
Democratic presidential front-runner
Most of his massive post-
The speaking fees in 2017 and 2018 totaled more than
The tax rates they paid on their adjusted gross income was 23.5% in 2016, 33.9% in 2017 and 33.4% in 2018.
The top tax bracket in 2018 was 37% for those making more than
"Today's releases, in combination with the 10 years of taxes he released during the campaign in 2008 and his regular release as Vice President, mean that Vice President Biden has now made public the last 21 years of tax returns — more than any other candidate currently running for president," the campaign said in a statement.
The volume of tax documents made available by the Biden campaign also drew a stark contrast with
The Bidens' charitable contributions rose and fell with their income level. In 2016, they claimed
The next year, they claimed more than
In 2018, their reported charitable giving receded to
That year he also claimed a
The Bidens' day jobs also paid well.
The big bucks from book deals and the speakers' circuit were paid through their S-Corporations, known as CelticCapri and Giacoppa.
S-Corporations are commonly used by taxpayers to consolidate earnings and expenses. These corporations rarely pay income taxes. The earnings are passed on to shareholders, in this case, the Bidens, who pay the income taxes.
The Bidens employed staff and contractors through the two corporations.
The campaign also released
Excluding retirement plans, the Bidens hold between
Their CelticCapri and Giacoppa corporations are worth between
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