US | Personal Income Tax
July 23, 2024
Kamala Harris Tax Returns
Candidate for US President has a history of Transparency
With Kamala Harris emerging as the leading contender for the Democratic presidential nomination following President Joe Biden's withdrawal from the race, it´s worthwhile to remember that Harris has a history of transparency. During her 2020 presidential campaign, she released 15 years of her personal tax returns, the most extensive disclosure by any candidate at the time.
The White House releases the tax return for Vice President Kamala Harris and her husband, second gentleman Doug Emhoff, every year of Biden´s Presidency. The 2023 Tax Return shows that the couple earned $450,299 last year. Joe Biden and First Lady Dr. Jill Biden earned $619,976 in 2023, according to their joint return as released by the White House.
Although a public servant, Harris managed to accumulate her wealth and eventually achieve millionaire status, notably after marrying Doug Emhoff, an entertainment lawyer, in 2014. Their combined assets led to a substantial increase in Harris' net worth.
Harris' increasing political profile coincided with a rise in her earnings. In 2018, she reportedly received an advance exceeding $300,000 for her memoir, "The Truths We Hold." However, with Harris' assumption of the vice presidency in 2021, he husband left his law firm and joined Georgetown University's law school faculty, resulting in a significant drop in their combined income. Despite this reduction in annual income, Harris and Emhoff's net worth remains robust. Forbes estimates their current net worth at around $8 million, up from $7 million in 2021.
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