Vice-President Biden's 2006 Tax Return

8/2/2019 Vice-President Biden's 2006 Tax Return

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form 1040 (2006) JOSEPH R. BIDEN JR. & JILL .'BIDENTaxCredits'standatdDod"etlen f O l " P 01 >p Ia whodlockodanybox nn t i ne 39acr3Bb o r who""" be ~alm"d3S n d ' .o p em: lr :m t

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3 8 A mo untfro m tine 37 (a dju sted g ro ss in co me ) ; : . : . : . : . : . : . : = t : . . . .3 9a Ch eck {D Y ou w ere b or n b elo re J an ua ry Z . 19,42, D ~ Iind . ,} Tota l boxes

it D 'spou se was born b e fo re J a nu a ry 2. 1942 , Dlind . checked .... 39 a L......--..I-b r your 5poU..,llmlzes DIl a oeparalo r.turn '" you III..... a duolsIatu. a li < > n. _ pDgtI 34 and chock n .. . . . ~ 3 gb4 0 Ite mlu d d ed uct,io ns (fro m S ch edu le A ) o r y ou r sta nd ard d ed uctio n {see le ft ma rg in} : 1.41 Sub tract line 40 from line 38 , : : ..42 II lin e s a is over $1 12,8 75, o r yo u pro vide d h ou sing to a pe rso n disp la ce d by H u rr i~ n e K a tr in a ,

se e p ag e 3 6. o th cr Ni se , mult iply $3 ,300 by the tolal n um be r 0 1 e xe mp tio ns c la im ed on line 6d ..43 Taxab le Incom e. Sub trac t line 42 from line 41 . IIlina 42 is m ore than Un e 4 1 , e n te r -O -44 Tax. Check if anya x is fro m: aD Form(s) 8B14 b D form 4972 ::::::::::::::::::::::::::::::45 A lt er na tiv e m in im um t a x . . A ttlch Furm 6251 ..46 Ad d l ines 44 and 45 .. ..47 foreig n t a x eradlt, A t ta c h f orm 1116 H required ..48 C re dit fo r c hild lin d d ep en de nt care e xp en se s. A tta ch F or m 2 44 '1 I-==--I--------+_49 Cr ed it lo r th e e ld er ly o r th e d is ab le d. A tta ch S ch ed ule R ..50 E duca tion c red its . A ttach Form 8B63 .51 R e tirem en t savings contJ ibutions cred it. A ttach Form 8B80 .5 2 A e~ !d en tia l e ne rg y c re dits . A tta ch F orm 5 69 5 j.-.::.:....;I- -I_53 Ch .ild ta l( c re dIt (s ee p ag e 4 2). A tta ch F orm B 90 1 if requ ired .54 C re d it s f rom : a0or m 8395 bDor m BBS9 c0o rm 8 B5 955 o the r cred its : 80or m 3 a O a b0o rm BBO l c0or m56 A d d l in e s 47 th ro ug h 5 5. T he se ar e your tD ta l cred its .57 S ub tract Irom !lne II H ne than U n e58 S elf-em ploym en t tax . A ttach S chedula SE ._ ..59 S oc ia l secu rity and M edica re tax on ti p In com e not r.epo rted to em p loye r. A tla ch Fo rm 4137 .6 0 A dd itio na l ta x e n lRAs, other Qua lmed re tirem en t p lans; e tc . A ttach Fo rm 5329 If requ ired .61 Advance ea rned incom e c red it paym ents from :Form {s ) W '4 box 9 .62 H ousehold em p loym ent taxes. A ttach Schedu le H : ..63 A dd lines 57 .th rough 62. Th is is your tllm l tax . .

._-- . ---- ---- .. -------..- ...;;...__-----~ -------


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SCHEDULES A&B(Form 1040) Schedule A - Itemized Deductions'(Schedule B is on page 2) .' .

....Attach to Form1040. SeeInstructions for Schedules A&B(Form 1040).

OM S N o . 1 54 &- 0 C J7 4

9 Add !lnesS

JOSEPH R. BIDMedicalandDentalExpenses

JR. & JILL T. BIDENC au tion . D o n ot include e xp en se s r alm b ur se d o r p ai d by others.

1 Medi~al and dental expenses (see page A-1) _ ,.,.." .., " " ..2 Enter amount from Form 1040, line 36 , .3 Multiply line 2 by 7.5% (.075) , .4 Subtract line


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SclJedulos A & B (Form1040) 2D06 OMBNo. 1545-0074 P o g o 2N.me(s) shawn en FNote: If you .received a Fonn1099-DIVorsubstitutestatement froma brokerage firm,list the firm's 5name as thepayer and enterthe ordinarydividends shownon that form.

a Add the amounts on Une5. Enter the total here and-on Forrn 1040, l ine9a ... .. .. . . . . 6Note. Ifl ir1e_ii_s~' ,5{)Q._youmust Part Ill.Part III Yo.umust complete this part if you (a) had over $1,500 of taxable interest or ordlnaty dividends; or (l 'I had a foreign lves NoForeign ~courrt;~ received a I from, or were a grantor of, or a a foreign trust.Accounts 7a At any time during 2006, did you have an interest in or a signature or other au_thorityover a f ina ictaland account in a foreIgn country, such as a bank account, securities account, or other financial ace unt? .:................Trusts b If -Yes, ' enter th e nameof th e foreigncountry J i - o -

8 During 2006, did you receive a distribution from, or were you the 9rantor of, or transferor to, a feIreign trust?6~7S01 If "Yes," you may havetofile Form 3520.. See_pa~ B-2 ........ ,_..................... =...................1-10-06 I....UtA For Paperwork Reduction Act Notice, see Form 1~ Instructions_ [Schedule B (Form 1040) 2006


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FO {m 6251.... Attach to Form 1040 or Fonn 1040NR.

1 IIminDSch.cu lo A (Fam l D 4 11 1 " " "" th. amo~ntfrDm fcm1.1040, l lne 41 (minus ""Y omO " " t on Fo rm 8~14, Une 6), a.nd il"10Uno 2. Om"""" , , " , G n u . -tho"mount !rom Po-rn 1040,IinoS6 (mlnus ony amount oil Fam 11914,lIn.61 and "".10 line 7.~II""" than z..-o, enter as 8 negatlva amaurrt,) 11---+------"""""---

2 Medical and dental. Enter the smaller of Schedule A (Form 1040), line 4, or21/2% of Form 1040, line 38 11--= -+ __ ---:--.;:-;---.""' _3 Taxes from Schedule AForm 1040); line9: : 11---+-------='-----4 Enter the home mortgage interest adjustment, if any, from line 6 ofthe worksheet on page 2 of the instructions 11-...:-+ _5 Miscellaneous deductions from Schedule A (Form 1040)., fine 26 11-...:.......+ _6 If Form 1040, l ine 38, is aver $150,500 (over $75,250 if maniel:Jfiling separatelY). enter the amount from line ~1

of the Itemized Deductions Worksheet on page A-7of the instruct ions for Sohedule A (Form 1040) 11--...:.......+- - _ 1 - - ' _ 9 _ 5 _ 9 -7 Tax refund from Form 1040, line 10'or line 21 11--= -+ .8 Investment Interest eXpense (difference between regular tax and AMl) , , 11-_-+- _9 Depletion (difference between regular tax and AMT ) 11-...::.....+ _10 Net operating loss deduction from Form 1040, line21. Enter as a positive amount : : .. I~-,_------------11 Interest from specfled private activi ty bonds exempt from the regular tax 11-..:....: ...+ _12 Qualified small business stock (7 % of gain excluded under section 1202>... : 11--= + _13 Exercise of Incentive stock optlons [excess of AMT Income over regular tax income) 11-..:....: ...+ _14 Estates and trusts (amount from Schedule K 1 (Form 1041), box 12, code A) 11-_+- _15 Electing.large partnerships (emountfrcm Scheoule K1 (Farm 10658), box 6) If-~+---------16 Disposition of property (difference between AMT and regular tax gain or loss) 11-..:....: ...+ _17 Depreciation on assets placed in service after 1986 (difference between regular tax and AMl) 11-:-..:....:...+_ --' _16 Passive activities (difference between AMT and regular tax income or loss) 11-..:....:...-+- _19 loss limit.ations (difference between AMT and regular tax Income .orloss) : . .20 Circulation costs (difference between regular tax and AMl) ~ 11-_-+- _21 Long-term contracts (difference between AMT and regular tax in?ome) II-;::..:;.+ ~22 Mining ccsts (difference between regular ta X and AMl) : : Ij-...:=+---------;l3 Research and experimental costs (cflfference between regular tax arid AM T ) ' 11-..:....: ...+ _24 Income from certain installment sales before Januasy 1, 1987 _ .25 Intangible drilling casts preterence , : ; 11-_+ :-- _26 Other adjustments, if)cluding'inocme-based related adjustments : - 11-== -+ _27 Alternative tax net operating lass deduction : 11-....:...+ _28 Alternative rnlnimum taxable income. Combine l ines 1 through 27. (If married filing separately and line

28 is more than $200,100. see instructions) ~ : .

Alternative Minimum Tax - IndividualsDepartment c1 ' t h e Tma su r yI I1 l


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36 Enter the amount fr.om Form 6251 , line 30 ........................................................................................................37 Enter the amount from line 6 of the Qualified Dividends and Capital Gain Tax

Worksheet in the instructions for Form 1040, line 44, or the amount from'line 13 of the Schedule D Tax Worksheet on page D-10 of the instructions forSchedule 0 (Form 1040), whichever applies (as refigured for the AMT, ifnecessary) (see the instructions) :... 1-3_7-+ -+

36 Enter the amount from Schedule 0 (Form'1040), l ine 19(as refigured for theAMT , if necessary) (see instructions) ...... 1-38_+- _

39 If you did not complete a Schedule DTax Wo~sheet for the regular tax or theAMT, enter the amount from line 37. Otherwise, add lines 37 and 36, and enterthe smaller of that result or the amount from line 10 of the Schedule D TaxWorksheet (a s refigured for the AMT, if necessary) 1.....:39~.L__-'- _

~ _EnteI 'the smaller of line 36 or line 39 11-_-1- _41 Subtract line 40 from line 36 : 11-.:..:.+-'- _42 If line 41 is $175,000 or less ($87,500 or less if married filing separately), multiply line 41 by 26% (.26).

Otherwise, multiply line 41 by 28% (.28) and subtract $3,500 ($1,750 if marr ied f il ing separately) f romthe result , .

43 Enter. $61,300 ifmarried tmng jointly or qualifying widow(er')., } $30,650 if single or married filing separately, or : ....$41 ,050 if head of household. '

44 Enter theamount from nne 7 of the Quatified DivIdends and Capital GainTaxWorksheet in the instructions for Form 1040, line 44, or the amount fromline 14 of the Schedule D T 8 }( Worksheet on page D-10 of the instructions forSchedule D (Form 1040), whichever applies (as f igured for the reg~lartax). Ifyou did not complete either worksheet for the regular tax, BI'I1:er-0- 1-44~+- _

45 Subtract f ine 44 from line 43. If zero or less, enter-Q.46 Enter the smaller of line 36 or line 37

47 Enter the smaller of line 45 or line 46 ~ ~ 4U~ "u

48 Multiply line 47 by 5% (.05) ..

49 Subtract lina 47 from Hne 46

50 Multiply line 49 by 15


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SCHEDULE H(Fonn 1040) Household Employment Taxes(For Social Security, Medicare, Withheld Income, and Federal Unemployment (FUTA).. .. Attach to Form 1040,'104()NR,1040-SS, or 1041.

.... See separate Instructions.

A Oldyou pay anyone household employee cash wages of $ ., ,500 o rmore in 2006? (If any household employeeunder age 21, your parent, or anyone under age 18, seethe l ine A instructions on page H3before you answer

DoporlmDnl at tho TroasuryInl",,'" R.. ""y" S~"" (99)

JOSEPH. R. EIDEN 'JR.

00 Yes. Skip liries B and C and go to l ine 1.Do. Go to line 8.B Old you withhold federal income tax during 2006 for any household employee?Des. Skip line C and go to l ine 5.oo. Go to line C.

C Did you pay total cash wages of $1,000 or more in any calendar quarter of 2005 or 2006 to all household emnlb,ve...,?(Do not count cash wages paid in 2005 or 2006 to your sPOUSt;,your child under age 21, or your parent.)

1 ~ ! l J : 1 ) q Social Security, Medicare, and Income TaXes

D No. Stop. Do not fi.lethis schedule.D Yes. Skip lines 1,9 and go to l ine 10on page 2. (Calendar y e a r taxpayers having no household ..mn,n,v.. ,..,do not have to complete this form for 2006.)

1 Total cash wages subject to social security taxes (see page H4). 1620.

6

15.Medicare taxes. Multiply line 3 by 2.9% (.029) . 45 federal income tax withhe.ld. if any 11_ 5--1 _6 Tetal socia.l security, Medicare, and income taxes, Add lines 2, 4, and 5 765......................................................1---4----------7Advance earned income credit (ECayments, If any 11--7-i'----------8 Net taxes (subtract line 7 from line 6) : .. B 765.9 Old you pay total cash wages of $1 ,000 or more in


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10 Are you required to pay unemployment contr ibut ions to only one state? 1 " , . 11 Did you pay all state unemployment conltibutions for 2006 by April 16,20071 Fiacal year filers, see page H4 +..........12 Were all wages that are taxable for FUTAtax also taxable for your state's unemployment tax? .....................Next: I fyou checked the "Yes" box on al l the l lnes above, complete Sect ion A

Ifyou checked the ",No" box on any of the l ines above, sldp Section A and complete Section B.13 Name of the state where you paid unemployment contributions ....14 ~ate report,jng number as shown on state unemployment tax return. .... _ 5 _ 8 _ 3 _ 2 _ 6 _ - _ 0 _

17 FUTA tax. Multiply line 16 by .OOB.Enter the result here, skip Section 8, and go to Im e 26

s-tate

19 Totals ..

40.

{h }S ub 1r ac \ 0 01 . ( g)Ii1:>m""l(Q.ij , , ' g o r l o s s.

enlBf -(I..,

20 Add columns (I l) and (i ) of fine 19 , .__2_0...J.. .:...,21 Total cash wages subject to FUTA tax (see the line 16 instructions on page H-4) II--~+ _22 Multiply line 21 by 5.2% (.062) .23 Multiply line 21 by 5.4% (.054) , : .__2_3-'- -'24 Errterthe smaller of line 20 or !lne 23

to line26 . 25

2 6 Enter the amount from line 8 . I f you checked the 'Yes' box on TIneC of page 1, enter-a- 1 1 - ' 2 . . : . 6 : ; . . + . : . . 7 . . . : 6 : _ ' 5 : ; _ _ .27 Add line 17 (or line 25) and line 26 : 1 L . . . . . . ; 2 . . : . 7 ' - - ' - ~_--=8:_0~5_.28 Are you required to f ile Form 1040700 Yes. stop. Enter the amount from line 27 above on Form 1040, line 62. Do not complete Part IVbelow.

Gt3tomenLs. Md to t h f J b es t o f myt h a p a yme nt s '1 0 en'lllSoye8S.

OCITBCt ,And comp lGte . N o p ar t e r any

Schedule H (Form 1040) 20'16


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JOSEPH R. EIDEN, JR. & JILL T. EIDEN . . .--FORM 1040 TUITION AND FEES DEDUCTION STATEMENT 11. ENTER THE AMOUNT FROM FORM 1040, LINE 22 ......2. ENTER THE TOTAL OF THE AMOUNTS FROM FORM 1040, LINES 23THROQ"GH LINES. 33 f PLUS ANY AMOUNT ENTERED ON THEDOTTED LINE NEXT TO LINE 36 . . . . . . . . . . . . . 3 ~ SUBTRACT LINE 2 FROM LINE 1. IF THE RESULT IS MORE THAN$80,000 ($16.0I000 IF MARRIED FILING JOINTLY), YOU C1INNOTTAKE THE DEDUCTION FOR TUIT~ON AND FEES . . . . . . 4. TUITION AND FEES DEDUCTION. IS THE AMOUNT ON LINE 3 MORETHAN $65,000 ($130,000 IF MARRIED FILING JOINTLY)?[ ] YES. ENTER THE TOTAL QUALIFIED TUITION .AND FEES(DEFINED ABOVE) YOU PAID IN 2006. DO NOT ENTER.MORE THAN $2,000. ALSO, ENTER THIS AMOUNT ONFORM 1040, LIN~ 35.

[ ] NO. ENTER THE TOTAL QUALIFIED TUITION AND FEES(DEFINED ABOVE) YOU PAID IN 2006. DO N9T ENTERMORE THAN $4,000 ALSO I ENTER THIS AMOUNT ONFORM 1040, LINE 35.

248/459.

248,459.

o .

FORM 1040 WAGES RECEIVED AND TAXES WITHHELD STATEMENT 2

FEDERAL STATE CITYT AMOUNT TAX TAX SDX FICA MEDtCARES EMPLOYER'S NAME PAID WITHHELD WITHHELD TAX W I TAX TAX.S STATE OF DELAWARE 66,204. 8,245. 2,939.I4,610. 1,07.8.T WIDENER UNIVERSITY 20,500. 1,454. 676. 1,271. 297. 'T UNITED STATES SENATE 161,675. 33,553. 7,826. 5,840. 2/344.TOTALS 248,379. 43,252. 11,441.. I 11,721. 3,719.

TATEMENT{S) 1, 2


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JOSEPH R. BIDEN, JR. &-JILL T. BIDEN

FORM 1040 EXCESS SOCIAL SECURITY TAX WORKSHEET STAT.EMENT 3

" .3. ADD LINES 1 AND 2 ,111. 4,610.4. SOCIAL SECURITY TAX LIMIT . . . - . . . . . ~ ,840. 5,840.5. SUBTRACT LINE 4 FROM LINE 3. EXCESS SOCIAL SECURITYTAX INCLUDED IN FORM 1040, LINE 6 7. ,271. O.

1. ADD ALL SOCIAL SECURITY TAX WITHHELD BUT NOT MORETHAN $ 5 r 840 .40 FOR EACH EMPLOYER (THIS TAX.SHOULDBE SHOWN IN BOX 4 OF YOUR W-2 FORMS). ENTER THE -TOTAL HE.RE .'.

2. ENTER ANY UNCOLLECTED SOCIAL SECURITY TAX ON TIPS ORGROUP-TERM LIFE INSURANCE INCLUDED IN THE TOTAL ONFORM 1040, LINE 63 . . .

T4\X AYER SPOUSE

4,610.

STATEMENT{S) 3


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JOSEPH R~ BIDEN, JR. & JILL T.BIDEN 7FORM 6251 EXEMPTION WORKSHEET STATEMENT 4

1 ENTER: $42,500 IF SINGLE OR HEAD OF HOUSEHOLD; $62,550 IFMARRIED FILING JOINTLY OR QUALIFYING WIDOW(ER); $31,275IF MARRIED FILING SEPARATELY ...2 ENTER YOUR ALTERNATIVE MINIMUM TAXABLE INCOME(AMTI) FORM 6251, LINE 28 . ~ . 209,3 5.3 ENTER: $112,500 IF SINGLE OR HEAD OF HOUSEHOLD;$150,000 IF MARRIED FILING JOINTLY ORQUALIFYING WIDOW(ER)i $75,000 IF MARRIEDFILING SEPARATELY. . . . . . 150,0 O.4 SUBTRACT LINE 3 FROM LINE 2. _IF ZERO OR LESSENTER -0- . . . " 59 , 3 5.5 MULTIPLY LINE 4 BY 25% (.25). 6 SUBTRACT LINE 5 FROM_LINE 1. IF ZERO OR LESS, ENTER -O-~ ITHIS FORM IS FOR A CHILD UNDER AGE 14, GO TO LINE 7 BELO OTHERWISE, STOP. HERE .AND ENTER THIS AMOUNT ON FORM 6251,LINE 29 I AND GO TO FORM 6251, LINE 30 . , "7 CHILD'S MI~IMUM EXEMPTION AMOUNT ...8 ENTER THE CHILD'S EARNED INCOME, IF ANY9 .ADD LINES 7 AND 8 ,; 10 ENTER THE S~LER OF LINE 6 OR LINE 9 ~E AND ON FORM 625-LINE 29 t AND GO TO FORM 6251, LINE 30 .., . , ,

62,550.

1,4,839.

47,711.

STATEMENT(S) 4

Documents

Vice-President Biden's 2006 Tax Return