taxes
Washington (AFP) - US President Joe Biden and First Lady Jill Biden publicly released their 2023 tax return on Monday, carrying on a tradition of transparency temporarily interrupted under predecessor Donald Trump. The annual, unwritten custom is designed to build trust in the White House. Other politicians as well as candidates often also take part. The Bidens earned $619,976 in 2023, most of which was derived from the president's $400,000 salary and Jill Biden's $85,985 compensation for her teaching job at a college in nearby Virginia. That number was up from the $579,514 the couple earned i...
AFP
Washington (AFP) - President Joe Biden's silence spoke volumes on Friday after his son Hunter's legal woes deepened with lurid allegations that he avoided paying taxes while spending millions on drugs and escorts. The 81-year-old president has long defended Hunter, even though the second set of federal charges against his troubled son are a fresh embarrassment ahead of an uphill battle to be reelected in 2024. As Hunter Biden, 53, said in an interview released Friday that Republicans were trying to "kill me" to destroy the Democrat's presidency, the elder Biden's approach was to stonewall ques...
AFP
Washington (AFP) - US President Joe Biden kept silent Friday over new charges accusing his troubled son Hunter of avoiding tax while spending millions on an "extravagant lifestyle" including drugs and escorts. Wearing sunglasses and a dark suit, the president waved to reporters but made no comment when asked if he believed his son was innocent, as he left the White House to board his Marine One helicopter for a trip to Nevada and California. The Democrat leader, who is seeking reelection next year, will unveil major rail investments including the United States' first high-speed train, between ...
AFP
Los Angeles (AFP) - Hunter Biden was indicted late Thursday on multiple counts of tax evasion, the second time this year President Joe Biden's troubled son has been charged by a special counsel investigating his personal and business dealings. Hunter Biden "engaged in a four-year scheme to not pay at least $1.4 million in self-assessed federal taxes he owed for tax years 2016 through 2019," special counsel David Weiss said in the 56-page indictment filed in US district court in California. Biden was charged with nine counts of failing to file and pay taxes, tax evasion and filing false tax ret...
AFP
Philadelphia (AFP) - President Joe Biden on Saturday appealed to blue-collar workers to support his re-election quest and help him compel the richest Americans to pay more taxes. "It's about time the super wealthy start paying their fair share," Biden told hundreds of union workers in the industrial state of Pennsylvania. The campaign rally was sponsored by the AFL-CIO, a union federation that represents 12.5 million American workers and that formally endorsed Biden and Vice President Kamala Harris a day earlier. Biden launched his 2024 re-election bid on April 25 but had held no major campaig...
AFP
Washington (AFP) - America's first couple didn't do too badly last year, earning $579,514, although this was a good chunk less than the previous year, according to Joe and Jill Biden's tax return, made public Tuesday. Biden has restored a custom designed to demonstrate transparency at the White House, the most notable exception to the unwritten rule being his predecessor Donald Trump who consistently refused to release his annual income and tax report. The president and first lady's joint return showed gross income of nearly $580,000 in 2022, which was $30,000 less than in the previous year's ...
AFP
Washington (AFP) - US President Joe Biden -- who pledged transparency around his personal finances while in office -- and his wife Jill Biden reported a bit more than $600,000 on their federal tax returns for 2021, the White House said Friday. The couple paid $150,439 in taxes on $610,702, for a tax rate of 24.6 percent, the White House said. In publishing their tax information, the president and first lady -- the first to work outside the White House, as a professor -- are bringing back a custom dating back to the 1970s but interrupted by previous president Donald Trump. Vice President Kama...
AFP
Washington (AFP) - Former US president Donald Trump moved Wednesday to block the Treasury from handing over years of his tax records to a congressional committee, which some believe could expose abuse of tax laws. In a Washington court filing Trump's lawyers objected to a Justice Department order last week that the Treasury, after stalling for years, needed to provide the House Ways and Means Committee with six years of records that Trump has long refused to make public. The lawyers argue that while the committee claims to be investigating how the Internal Revenue Service handles cases like Tr...
AFP
Washington (AFP) - The US Justice Department ordered the Treasury on Friday to hand Donald Trump's tax records to Congress, in a major break in an investigation involving former president's finances launched in 2019. The Justice Department said the House Ways and Means Committee, which sought six years of records that some believe could expose questionable accounting, had a legitimate reason to see them. "Access to former president Trump's tax returns is a matter of national security," said House speaker Nancy Pelosi, the top Democrat in Congress. "The American people deserve to know the facts...
AFP
Wilmington (United States) (AFP) - Hunter Biden, the son of US President-elect Joe Biden and a frequent target of Republican attacks, said Wednesday he was under federal investigation about his taxes. The revelation about the probe included no details, but it promises to rekindle Republican rage about the Biden family, including Hunter Biden's business dealings and the elder Biden's anti-corruption push in Ukraine when he was US vice president. It also presents a series of thorny issues during the president-elect's transition into the White House in just over one month's time, including the po...
AFP
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