President Biden earned $607K in 2020, paid 26% in federal taxes, returns show

President Joe Biden on May 5, 2021, in Washington, D.C.

WASHINGTON — President Joe Biden and first lady Jill Biden reported earning $607,336 last year and paying $157,414 in federal income taxes, according to 2020 federal tax returns made public Monday, a decline in income from the previous year.

The White House released the Bidens' tax returns and those of Vice President Kamala Harris and second gentleman Doug Emhoff, coinciding with Monday's extended deadline to pay federal income taxes.

The transparency restores a White House tradition that was broken by former President Donald Trump, who refused to release his tax returns as president. It marks the 23rd year of tax returns released by Biden.

Full story at Yahoo News.

By Joey Garrison and Michael Collins.