World's most powerful man Joe Biden's declining earnings, effect of recession or some other reason?

The world's most powerful person Joe Biden's earnings are continuously decreasing. However, despite this, he has paid more than 24 percent tax on his income. After all, what is the reason for the decrease in their earnings, is it the effect of recession?

The income of America's President Joe Biden, the most powerful person in the world, is continuously decreasing. In the year 2022, the total income of Joe Biden and his wife Jill Biden has been $ 5.80 lakh (about Rs 4,75,73,460). Whereas a few years ago his income was up to 1 million dollars. What is the reason behind this…

Let us tell you that the Biden couple has deposited about 24 percent of their income as income tax. He has given $ 1.38 lakh (about Rs 1,13,00,620) as federal income tax for 2022. This is much higher than the average income tax of America. Common people in America pay an average of 14 percent income tax.

Biden's income decreasing since 2019

The income of the Biden couple has been continuously decreasing since 2019. At that time he used to earn one million dollars. Most of this income comes from book sales, speeches and teaching at the University of Pennsylvania and Northern Virginia Community College. America is currently in the grip of inflation and is battling with the possibility of recession. In such a situation, the income of the common American people has also decreased, so is this the reason for the decrease in the income of Joe Biden.

In fact, Joe Biden took over the responsibility of the presidency of America in January 2021. Earlier in 2020, almost a year was spent in his election campaign. During this, his income has decreased rapidly. The average income of the Biden couple in both years has been around $6 million. At the same time, according to the US Census Bureau, the average income of an American citizen in 2021 has been $ 69,717.

Biden could never even buy a house

When Joe Biden was the Vice-President of the country, he often used to mention in his speeches that he is the poorest senator. He is so poor that he cannot even afford a house of his own in Washington. Biden's salary as President is $ 4 million. While his wife earns $82,335 at Northern Virginia Community College.

The US President's Office 'The White House' on Tuesday made public information about the tax returns of Joe Biden, his wife and Vice President Kamala Harris and her husband.