How Much Did the President and Vice President Pay in Taxes in 2015?

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By on April 16, 2016 in Current Events with 0 Comments
Image of Obama and Biden

The president and vice president have released their 2015 tax returns.

The Obamas reported reported an adjusted gross income of $436,065, down from $477,383 last year. They paid and paid $81,472 in total tax, an effective rate of 18.7%. They also donated $64,066 of their income to 34 different charities. The Obamas also paid $16,017 in state income tax according to their Illinois return.

The Bidens filed joint federal and combined Delaware income tax returns. They reported adjusted gross income of $392,233, up from $388,844 last year. They paid $91,546 in total federal taxes, for an effective rate of 23.3%. Their Delaware income tax bill was $13,729. Dr. Jill Biden also paid $3,882 in Virginia income tax. The Bidens contributed $6,620 to charity.

If you are curious how these figures compare to last year, you can see what the president and vice president paid in taxes for 2014.

Tax returns

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Ian Smith is one of the co-founders of FedSmith.com. He enjoys writing about current topics that affect the federal workforce.

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