n the day America’s first billionaire president took office, “middle class” Joe Biden boarded the Amtrak out of Washington D.C.’s Union Station, bound for Delaware with the kind of modest fortune you might expect from someone who had spent his adult life as an elected official: $2.5 million, mostly composed of pensions and real estate. But Biden was about to cash in. By the end of 2017, he and his wife Jill had earned $11.1 million. They raked in $4.
Biden’s priorities are different. He seems determined to give money to the middle class rather than the wealthy. He has already passed a $1.9 trillion Covid relief bill and just suggested a $6 trillion budget. A detailed look at his personal finances suggest that he and Trump have something in common, however. Both are people who don’t mind taking on debt and enjoy spending freely. So don’t be surprised if the national debt keeps soaring.
Biden put his three kids through private schools and college with the help of borrowed money. “Home ownership is how most middle-class families save, how most middle-class families build assets and for many, it’s the way you send your kid to college, borrowing against it,” Biden explained at a 2015 event for the Department of Housing and Urban Development. “That’s how I got my children to college.
More liquidity came fast, as Joe and Jill Biden started writing books and delivering speeches. The former vice president received a plum professor gig at University of Pennsylvania. With greater earnings came greater spending. In 2017, the Bidens paid $8,600 for household labor, according to their tax returns. By 2020, that number had ballooned to $95,250. A White House spokesperson did not respond to a request for comment about what sort of staff the Bidens employed. They handed out $1.
mtindera07 He paid taxes
mtindera07 I bank my entire salary…. What is his problem?
mtindera07 Who cares? Just get this out of here before he gives away AMERICA. Reverse the damages he's already done in about 4 months out of the basement ( not counting sleepy time) Give AMERICANS their jobs back !!!
mtindera07 Ask Hunter
mtindera07 If he paid his taxes that would be about right.
mtindera07 Corrupt Democrat Dictator
mtindera07 More importantly why isn’t he sharing his wealth with those who aren’t wealthy as he preaches from the podium?
mtindera07 politicians and their families using GOV jobs to get richer is the problem.
mtindera07 So he paid $7,000,000 taxes on $17,300,000. He’s either an idiot or hiding income. What about the $1,500,000,000 from China to Hunter? How much taxes did “the big man” pay on that?
mtindera07 That’s rare. A politician that’s also a millionaire.
mtindera07 Maybe he paid income taxes, unlike you know who!
mtindera07 Nice opinion article
mtindera07 What how quickly AOC the bartenders wealth is growing.
mtindera07 If only we knew how much of that money was laundered through Ukraine and China? 🤔 AllOfIt
mtindera07 Cos he spent too much and didn't invest in Bitcoin.
mtindera07 Offshore accounts
mtindera07 tax?
mtindera07 'Earned'
mtindera07 His son used it on crack
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