Posted by (American Life Insurance Guide 05/18/2021 News)On the 17th, the White House released the annual income and financial situation of the US President Biden's family, renewing the tradition of "the President of the United States discloses finances to the public."
(©️Whitehouse.gov)
President's annual family income is 60
The annual family income of Biden and first lady Jill Biden in 2020 has fallen to $607,336. According to Bloomberg News, one reason for the decline in income is the reduction in platform speech activities.
However, the income of Biden’s family,It is still on the income line of his own proposed tax increase for wealthy Americans.
According to the White House2020The annual tax form shows that US President Biden and the first lady paid a total of$157,414Income tax, the federal tax rate is25.9%.
In addition, the family of the current president of the United States also paid$28,794State taxes and paid to Virginia$433Tax,Donated $30,704 to the outside world.
(>>>Recommended reading:Worth $25 billion and taxed $750, former U.S. President Trump is hotly discussed )
The wealthier family of Vice President He Jinli
Vice President Kamala Harris (Kamala Harris; Chinese name He Jinli) and husband Douglas Emhoff (Chinese name Ren Delong) also released the 2020 tax status.
The income of He Jinli's family in 2020 is $1,695,225, and the income tax rate is about 36.7%.The main income of the family comes from the work of her husband Ren Delong's lawyer.He Jinli's income is about 45, of which 30 comes from income from writing books, and the rest comes from senator salaries.
After his wife was elected as Vice President, the husband Ren Delong announced his support for his wife’s work and has resigned from his job as a lawyer and went to teach at a university.
According to financial documents, in 2020,The husband and wife did not hold any stocks, donated $27,000 to the outside world, and paid $621,893 in federal taxes.
How many life insurances does the Biden family buy?
According to the financial information released by the White House, the Biden family holds multiple life insurance policies with cash value, as shown in the figure below.
As can be seen from the chart, the Biden family holds4 whole life insurance policy contracts of cash value type, The underwriting company isWantong Mutual Life Insurance Company（MassMutual），2020年的這4份保單的利息收入分別是$57, $94,$34和$11元。
Biden will participate in 2020U.S. presidential electionDuring the period, they also actively provided the holdinglife insuranceInformation andAnnuity Insuranceinformation.
When Biden was running for the election, he said that he holds six life insurance contracts. According to his estimation, the cash value of assets of all these policies is between $6 and $48,006. (End of full text)
(>>>Recommended reading:What life insurance does the presidential candidate Hillary Clinton's family buy?）
