The Bidens earned $16.5 million from book deals, speeches since 2017

  • Former Vice President Joe Biden and his wife, former second lady Jill Biden, reported earning over $16 million since leaving the White House, according to new 2019 tax returns released on Tuesday.
  • The couple reported earning $11 million immediately after leaving the White House in 2017, $4.5 million in 2018, and over $944,000 in 2019. 
  • Their tax returns showed they paid over $5.5 million in federal taxes between those three years.
  • Their main sources of income were from book deals they signed after leaving the White House and dozens of speaking engagements, with Joe Biden regularly charging six figures for a single speech.
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Former Vice President Joe Biden and his wife, former second lady Jill Biden, reported earning over $16.5 million in total since leaving the White House, according to new 2019 tax returns filed on Tuesday.

Both the Bidens and Democratic vice presidential nominee Sen. Kamala Harris and her husband Doug Emhoff released their 2019 tax returns ahead of the first presidential debate between Biden and President Donald Trump set to take place on Tuesday night in Ohio. 

The Bidens reported earning over $944,000 in taxable income, paid a little over $346,000 in taxes, and received a refund of nearly $47,000 in 2019, their returns show. 

The debate also comes after The New York Times published their first installments of reporting on Trump tax returns they obtained, highly sought-after documents that Trump has refused to voluntarily disclose. The Times revealed that Trump paid no income tax in ten of the fifteen years between 2000 and 2015, and paid just $750 in income taxes in both 2016 and 2017. 

Harris and Emhoff, a prominent entertainment lawyer, jointly reported over $3 million in taxable income and paying $1.18 in taxes in 2019, including payments of $732,000 in taxes throughout the year, their returns show. 

The new tax returns, combined with previously released tax returns and financial disclosures made public in 2019, show that since 2017, both Bidens signed lucrative book deals. Joe Biden earned anywhere from $8,000 to $90,000 for book-tour stops to promote his 2017 memoir, “Promise Me, Dad,” and continued to earn royalties from his New York Times bestselling 2008 book, “Promises to Keep.”

The couple reported earning $11 million immediately after leaving the White House in 2017, $4.5 million in 2018, and over $944,000 in 2019, when Biden was running in the Democratic presidential primary for most of the year. Their tax returns showed they paid $5.5 million in federal taxes between those three years, NBC reported.

In addition to a position at the University of Pennsylvania that paid over $400,000 over the course of several years, Biden regularly brought in six figures from a single paid speech, earning between $66,000 and $182,679 per speech for 18 speeches he gave in 2017 and 2018.

According to an in-depth June 2019 report from The Washington Post, Biden’s contracts for speaking engagements often included allocations for travel to allow Biden to fly on

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‘The Apprentice’ Earned Trump $427 Million and Path to White House, NYT Says

(Bloomberg) — President Donald Trump earned $427 million from his role on the television show “The Apprentice,” and that program’s success also projected the false image of a successful real estate mogul, which eventually helped him win the White House, according to a new report by the New York Times.



Donald Trump wearing a suit and tie: U.S. President Donald Trump speaks during a Medal of Honor ceremony at the White House in Washington, D.C., U.S., on Tuesday, Aug. 22, 2018. Technical Sgt. John Chapman was posthumously awarded the medal for conspicuous gallantry, after being part of a joint special operations team that voluntarily returned to a snow-covered mountain peak in Afghanistan to rescue a stranded teammate when their helicopter had been shot down by al-Qaida forces in March 2002.


© Bloomberg
U.S. President Donald Trump speaks during a Medal of Honor ceremony at the White House in Washington, D.C., U.S., on Tuesday, Aug. 22, 2018. Technical Sgt. John Chapman was posthumously awarded the medal for conspicuous gallantry, after being part of a joint special operations team that voluntarily returned to a snow-covered mountain peak in Afghanistan to rescue a stranded teammate when their helicopter had been shot down by al-Qaida forces in March 2002.

Trump earned $197 million directly from the “The Apprentice” over 16 years, plus an additional $230 million from the licensing deals, sponsorships and seminars that came with his elevated profile, according to a New York Times report that looked at more than 20 years of the President’s tax records.

The cash infusion rescued his personal finances that were struggling as losses mounted from his Atlantic City casinos. He used the proceeds from his reality television star fame to finance a shopping spree of golf resorts, but then those lost money too, the newspaper reported on Monday night.

The Times first reported on Sunday that Trump had avoided paying income taxes for several years thanks to aggressive tax deductions and millions of dollars in losses from his golf course and casino businesses to offset his tax bills, while presenting himself as a billionaire real estate magnate.

Some of Trump’s years hosting “The Apprentice” on NBC were among the few years he reported positive tax income, the Times report said. Over the years, he made so much he paid a total of $70.1 million in income taxes, which was later refunded after Trump used an aggressive accounting move to offset that income with losses from his casinos. That refund is now under audit at the Internal Revenue Service, the newspaper said.

Judd Deere, a White House spokesman, told the Times that the latest article was “yet another politically motivated hit piece full of inaccurate smears” appearing “before a presidential debate.”

(Corrects total amount earned in first paragraph.)

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

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Rockets Forward Only Earned $885,000 In First 3 NBA Seasons

KEY POINTS

  • Danuel House is set to earn $3.5 million this season
  • He is contracted until 2022
  • House was ejected from the Orlando Bubble over protocol violations

Danuel House, Houston Rockets’ small forward, has earned just $885,000 in his first three seasons in the NBA. With the way he played in the semifinals series against the Los Angeles Lakers, he could have been in a larger payday soon, but things started to spiral down for him recently.

House has come under fire for violating NBA bubble in Orlando. Reports surfaced that he allowed a COVID-19 official into his hotel room. Under strict health protocols, such incident is not allowed by the NBA. And as such, House was meted with suspension but the extent of the penalty has not yet been revealed. According to Yahoo! Sports, he did not play in Game 3 of their Western semifinal series against the Lakers, further compounding the problems of the Rockets at that time. The series were even with one game apiece when House was barred from playing and his absence affected the team. The Rockets eventually lost the series, 4-1.

Houston Rockets OKC Thunder James Harden #13 of the Houston Rockets blocks a shot by Luguentz Dort #5 of the Oklahoma City Thunder during the third quarter in Game Five of the Western Conference First Round during the 2020 NBA Playoffs at the Field House at ESPN Wide World Of Sports Complex on August 29, 2020 in Lake Buena Vista, Florida. Photo: Kevin C. Cox/Getty Images

House is set to earn $3.5 million this season and his contract will run until the 2021-2022 season. 

The NBA is serious in implementing the safety protocols even if it means sanctioning players, coaches or team staff if found guilty of violations. Los Angeles Clippers star Lou Williams was caught visiting a strip club while in Orlando. The combo guard claimed he just had dinner at his favorite restaurant.  

On the other hand, House comes off the bench for Houston and provides defense and outside shooting. His absence in the rotation, affected the team’s defensive tactics. His output has been steadily climbing over the years. For the 2019-2020 season, the small forward is averaging 10.5 points per game, a stark contrast to his 6.6 points per game average when he was still with the Phoenix Suns in 2017-2018 season, a report from ESPN revealed. 

He stepped up his production in the playoffs with 11.4 points and 5.8 rebounds. The loss of the Rockets meant the search for the elusive ring for James Harden and Russell Westbrook continues. Head coach Mike D’Antoni decided to become a free agent while the roster for next season remains uncertain. 

The Rockets adapted the small ball philosophy and used it to maximize the talents of their two former league MVPs. At some point, the system worked especially during the regular season. Houston even won game 1 against the Lakers in their series but eventually, the size of the Lakers and their defense proved to be too

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