A tax record released by the campaign of former US Vice President Joe Biden on Tuesday says, after leaving the government in 2017, Biden and his wife, Jill, earned more than $ 15 million in the two years. Most of the part of their majority came from speaking engagements and payments for two books written by Biden, a top contender for the 2020 Democratic presidential nomination.
Mr. Biden served as Barack Obama’s vice president for eight years. In 2017 after the election of Republican President Donald Trump he left the office. As per federal and state tax returns, the Bidens earned about $ 11 million in 2017 and $ 4.58 million in 2018. To book payments, total $ 13.2 million was attributable.
When he was a professor at the University of Pennsylvania in 2017-18, Biden earned more than $ 775,000 in salary. A financial disclosure was released by the Biden campaign from mandated for presidential candidates, which provided details of his speaking engagements and book events from Jan 1, 2018, to May 31, 2019.
It also reveals that Biden was regularly paid a huge amount as a fee for speaking events. In Drew University he was paid $ 190,000, and in Vanderbilt University he received $ 180,000. For speaking to the Economic Club of Southwest Michigan last October, Biden was paid $182,679.
Before the 2018 congressional elections, Biden drew flak from some Democrats for praising Republican US Representative Fred Upton. However, the campaign did not provide any detailed information about Biden’s speaking engagements in 2017.
According to the couple’s tax returns, they paid $3.7 million in federal taxes in 2017 and donated about $1 million to charity. In 2018, they paid $1.5 million in federal taxes and donated about $275,000 to charity.