Biden's minimum annual income was $180,000, which effectively made him liable for taxes. Biden paid a marginal tax rate of 36.9% and five self-employment taxes in 2018.
In addition, according to NerdWallet, Biden had traditional pension savings from his work in the Senate and in college. By the end of December 2019, he had $1.23 million, and Biden planned passive income from the sale of a home in the town of Rehoboth Beach in the state of Delaware.
Even if the candidate wins the elections, capital gains taxes will likely be subject to amendments in the Congress by Republican members. According to his transparency regarding income, for 2018 he had $47.8 million, most of which came from speaking engagements and book publications.
