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U.S. President Joe Biden and first lady Jill Biden walk to Marine One for travel to Virginia from the South Lawn of the White House in Washington, U.
S., January 23, 2024. Leah Millis | Reuters President Joe Biden and his wife Jill on Monday released tax returns showing that their income rose 7% to $619,976 in 2023 and that the couple paid 23.
7% of their income in federal taxes. Biden released the data on the day U.S.
taxes for the prior year are due, and as the Democrat seeks re-election in 2024 . Donald Trump , his Republican opponent, broke with the tradition of presidents making their federal tax returns public, saying he was not able to do so while being audited by the Internal Revenue Service, even as the agency claimed he was free to release them. A U.
S. House of Representatives committee controlled in 2022 by Democrats released Trump's redacted returns for 2015 through 2020 over the former president's objections. Trump was in a New York courtroom on Monday for a historic criminal trial , one of several legal matters that has implicated the ex-president's personal finances.
"President Biden believes that all occupants of the Oval Office should be open and honest with the American people, and that the longstanding tradition of annually releasing presidential tax returns should continue unbroken," the White House said in a statement. Trump's campaign did not immediately respond to a request for comment. In a post on social media on Monday, Trump said American families ben.
