Biden releases tax returns showing his income fell in 2020

Graeme Massie
<p>US President Joe Biden delivers remarks on the COVID-19 response and the vaccination in the East Room at the White House in Washington, DC on May 17, 2021.</p> (Photo by NICHOLAS KAMM/AFP via Getty Images))

US President Joe Biden delivers remarks on the COVID-19 response and the vaccination in the East Room at the White House in Washington, DC on May 17, 2021.

(Photo by NICHOLAS KAMM/AFP via Getty Images))
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Joe Biden has released his tax returns showing his income fell sharply during 2020 as he ran for president and won the White House.

The president’s income fell from nearly $1m in 2019 to $607,336 in 2020 as he dropped high-paying speaking engagements to take on and defeat Donald Trump.

But Mr Biden still earned enough money to pay the higher-rate of tax his administration has proposed for the wealthiest Americans.