Friday, April 13, 2012
President Obama and Vice President Biden released their tax returns today, ahead of Tax Day, which is on April 17 this year (since April 15 falls on a Sunday and Monday is a Washington, D.C. holiday).
According to the White House, “Together, [the Bidens] reported adjusted gross income of $379,035. The Bidens paid $87,900 in total federal tax for 2011. They paid $13,843 in Delaware income tax and $3,614 in Virginia income tax. The Bidens contributed $5,540 to charity in 2011.”
In other words, the Bidens donated less than 1.5 percent of their adjusted gross income to charity.