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Biden’s tax return shows steep fall in income

Joe Biden has brought back a US presidential tradition by releasing his tax return, the White House said.

The filing shows he and his wife earned $607,336 (£430,000) last year and paid $157,414 in federal income tax.

Their income fell from 2019 when they earned $985,223 mostly from speeches, book sales and positions at higher education institutions.

Donald Trump refused to release his tax returns, the first president not to do so since the Watergate era.

Mr Trump claimed he was not able to do so as he was being audited by the Internal Revenue Service, the US government’s tax-collection agency.

 

Ahead of the tax filing’s release on Monday, White House press secretary Jen Psaki said: “I would expect that we will continue to release the president’s tax returns, as should be expected by every president of the United States.”

Source:Fiilafmonline/BBC

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