WASHINGTON, D.C.: This week, U.S. President Joe Biden and his wife Jill released their tax returns for 2023, which showed that their income rose 7 percent to US$619,976 and they paid 23.7 percent of their income in federal taxes.

As he seeks re-election in 2024, Democrat Biden released the data on the day U.S. taxes for the prior year are due.

His Republican opponent, Donald Trump, refused to make his federal tax returns public while he was president despite the Internal Revenue Service auditing them.

Despite the former president's objections, a U.S. House of Representatives committee controlled by Democrats released Trump's redacted returns for 2015 through 2020 in 2022.

The White House said in a statement, "President Biden believes that all occupants of the Oval Office should be open and honest with the American people and that the longstanding tradition of annually releasing presidential tax returns should continue unbroken."

On April 15, Trump said American families benefited from tax cuts passed while he was in office, claiming that if Biden "gets his way," people would be facing "colossal" tax rises.

Biden's running mate, Vice President Kamala Harris, and her husband, Douglas Emhoff, also released a tax return showing a total income of $450,380.