Biden’s income fell by a third as he ran for president, tax returns show

First couple's income dropped from nearly $1m while Harris and Emhoff paid even steeper price

Joe Biden forfeited more than a third of his annual income in running for the White House last year, with his newly disclosed 2020 tax returns showing a drop in earnings from almost $1m in 2019 to $607,336.

Joe Biden and the first lady, Jill Biden, released their 2020 joint tax returns on Monday. They show that the couple saw their income fall by some 38% from 2019, largely because Biden had to give up high-paying bookings on the speaker circuit when he launched his presidential campaign.