Many of you might have wondered how much Joe Biden and his wife get from their Social Security check every month. Needless to say that not only the general public gets money from Social Security, but also very important people like the US president and the first lady of the United States since 2021. As you may already know, in order to get benefits from Social Security you must have worked before and paid SS.
Since both President Joe Biden and Jill Biden, have worked for many years and meet Social Security benefits, they are eligible for them. Depending on the amount of money you have earned as well as the number of years the amount you get from SS will be higher. In their cases, they can get one of the highest benefits since they have had very high earnings throughout their lives.
Most US presidents have let US citizens know how much they have got and how much they get every year. Federal tax returns are available for those who would like to know more about their income. In this way, you can check the difference between being a President or not for instance. Transparency is essential for US voters and many former Presidents as well as the current one thinks so too.
How much do the first lady and the US President get from their corresponding Social Security check then?
According to the White House the amount they both received from Social Security benefits reaches $54,665. If you divide that amount by twelve months, you can see that it is about $4,555 each month. It is therefore much more than what the average Social Security beneficiaries get. In their Income Tax Return you can have a lot of interesting details.
Take for example the gross income of $610,702 they have in their joint tax return. They also paid a lot of money in Federal Income tax. The amount goes up to $150,439. The rate is 24.6 for the effective Federal Income Tax in 2021. Not surprisingly, they have donated a lot of money too. They have both made lots of contributions to charities that needed support. That means they are using Social Security money to support a good cause.
In total, they donated $17,394 to ten different charities. The charity that received the most money from them was Beau Biden Foundation. The President and the First Lady donated $5,000 to them. The aim of this charity is that children are free from abuse. Apart from this, they had to pay $30,765 in Delaware for their income tax. Despite the fact that they get benefits from Social Security, they pay plenty of taxes and make the effort to help others by donating.