Biden and his wife report $620,000 income on 2023 tax returns

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 House 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 benefited from tax cuts passed while he was in office. He said if Biden “gets his way” people would be facing “colossal” tax increases. He included no information about his 2023 tax filing.

Biden and his wife earned four-fifths of their income from their jobs as U.S. president and teacher at Northern Virginia Community College, respectively. Joe Biden drew a $400,000 wage, while Jill Biden earned $85,985 from her job teaching English at Northern Virginia Community