Joe Biden, the 47th Vice President of the United States, is presently the most popular name in the US. Biden has announced his candidature for the 2020 US Presidential elections from the Democratic Party. Although more than 25 popular are trying their luck from the Democratic Party, Joe Biden stands a distant #1 when compared to the rest of the nominees. His work as the Senator of Delaware and the Vice President for over four decades have earned him the desired place. Over the years in the public service, Joe Biden was referred to as “middle-class Joe.” He even used to joke about how he is the poorest member of the Congress. However, the tables have turned completely. Joe Biden is now the wealthiest Democratic candidates who have announced their candidature for 2020 US elections.
Biden was an elected official for more than four decades. He first elected as the Senator of Delaware in 1973 and served as the senator till 2009 when he had to give it up to become the Vice President. As a VP, Biden served for eight more years. He was earning in the range of middle-class all these years in his public service. Joe was not a part of any elected post since 2016 as he worked as a faculty member at the University of Pennsylvania after his term as Vice President. He made around $400K as the adjusted gross income in his last year as the elected representative in 2016.
His actual earning started after he left the Obama administration in 2017. Joe and his wife Jill have started making millions from 2017 and further. We all must be wondering how they raked up millions of dollars year after year. Most of the money earned by them was from their books, and the fees charged for public speaking. He and his wife worked on two books. “Promise Me, Dad: A Year of Hope, Hardship, and Purpose” was released in November 2017, which is followed by the death of his son Beau. Jill Biden’s book “Where the Light Enters: Building a Family, Discovering Myself” was released in May 2019. Both of them have extensively promoted their books in 2017 & 2018 with a tour. In his trip, he made tens of thousands of dollars for every stop. On average, Biden have earned over $106,00 for each stop. Apart from the book sales and the book tour, Biden has also attended and got paid for 20 speeches mostly at Universities which ranged from $66K to $190K.
Additionally, the Biden have two S-Corporations that get paid them for their book deals. Joe Biden was one of the biggest winners with Trump’s tax cuts. The Biden have received over 20% tax break for their business under the Tax Cuts and Job Acts. Just like their wealth, the charity amount also rose considerably.
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