Saturday, September 13, 2008

Biden releases 10 years of personal tax records.


It is now your turn, Palin.

Democratic vice presidential nominee Joe Biden and his wife on Friday released a decade of their personal financial records, showing a veteran U.S. senator who earned less than many of his congressional colleagues.

The Bidens' move is designed to pressure Republican vice presidential pick Sarah Palin to release her financial records. An aide to GOP presidential nominee John McCain said the campaign would release the documents but gave no indication when that would happen.

Joe and Jill Biden earned $319,853 in 2007. Joe Biden reported $161,708 in income from the U.S. Senate and another $71,000 in royalties for his book, "Promises to Keep."

Jill Biden earned $66,546 at her job at Delaware Technical and Community College, where she teaches English.

The couple paid $42,516 in federal taxes and another $10,912 in Delaware state taxes in 2007.

The Bidens also paid household employee taxes of $772. A campaign spokesman said that was for a housekeeper who visits the family's Wilmington, Del., home and does not live there.

The tax return shows that the Bidens paid the alternative minimum tax that the senator has argued should be changed "so millions of middle-income Americans are not hurt by a tax intended to make sure the wealthiest pay their share." Biden and his wife claimed an income of $280,146 last year under that provision, and paid $66,273 in income taxes.

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