Biden and Harris’s Tax Return Reveal How Much They Profited Off Crypto

April 28, 2022 6:17 pm

Most of you this year saw the “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in virtual currency?” while you were doing your taxes.

No matter what tax brackets you are in capital gains must be reported, well Biden’s and Harris’s tax returns revealed that neither of them profited off of cryptocurrency in 2021.

Whether or not they are holding cryptocurrency is another story but their tax returns revealed that neither they nor their spouses profited by selling off of cryptocurrency during the 2021 tax year.

Their tax return did reveal however they were not very generous and reportedly gave less than the average taxpayer in their tax bracket.

Fox News shared these details:

President Biden and Vice President Harris each gave less to charity than the average taxpayer for their level of earnings, with Harris and second gentleman Doug Emhoff donating far below what most in their high income bracket contribute, according to their 2021 tax returns released Friday.

The poorest Americans were far more generous than either couple.

Biden and first lady Jill Biden reported federal adjusted gross income of $610,702 in 2021 and paid $183,925 in federal and state income taxes while giving $17,394 to charity, about 2.8%. According to 2016 data from the nonpartisan Tax Policy Center, the average charitable deduction for those making between $500,000 and $2 million is 3.1% of adjusted gross income. Filers earning between $100,000 and $500,000 donate 2.9%.

According to ABC News Biden previously only donated $369 a year to charity:

Democratic vice presidential candidate Joe Biden and his wife gave an average of $369 a year to charity during the past decade, his tax records show.

Democratic presidential nominee Barack Obama’s campaign today released 10 years’ worth of tax returns for Biden, a senator from Delaware, and his wife Jill, a community college instructor. The Bidens reported earning $319,853 last year, including $71,000 in royalties for his memoir, Promises to Keep: On Life and Politics.

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