Democratic vice presidential nominee Sen. Joseph Biden, D-Del., revealed a decade's worth of his tax returns Friday, putting pressure on his Republican rival, Alaska governor Sarah Palin, to release her own returns.
In 2007, Biden and his wife Jill had adjusted gross income of $319,853 and received a $6,514 refund. On their latest return, they claimed $995 in charitable deductions for 2007 including $400 for a non-cash gift. Their alternative minimum tax was $2,721 in 2007.
Biden received $161,708 from the Senate, $66,546 from Delaware, and $20,500 from Widener University, where he teaches, in 2007. He also received $71,000 in book royalties.
Biden's running mate, Sen. Barack Obama, D-Ill., has released his tax returns. His rival, Sen. John McCain, R-Ariz., has also released his returns, although McCain's wife Cindy, who receives separate income from her beer distribution company, has released only the first two pages of her return.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access