Vice-President Biden's 2007 Tax Return

8/2/2019 Vice-President Biden's 2007 Tax Return

1/12

Eou..Label

':(S eB .instructionso n p ag e 12.)L is e th e IR Slabel.Otherw ise ,p le a s e p r in to r t yp e .preSidq.n.til:~al~J~.j!l!lI!J~~~~~~~~~~Election~

C he ck o nlyo ne b ox .Exemptions

If m ore th an fo urdependents ,s e e page 15 .

IncomeAttach Form(s) 'W -2 h ere . A ls oattach Fo rmsW -2 G a nd1 0 9 9 -R it taxw a s wi thhe ld .

. I f you d id no tgeta W-2 ,se e page 19 .E n clo se , b ut d on ot a tta ch , a nypayment Also ,p le a se u seF or m 1 04 0- V.

anl16bNo. of childrenon 6c wh-o: l ivadw I th ) 'QU did not 1iva withyou duo to drvolceo r & 1 3 p at a tl o n[see pogo 15)Depondwns 011 6cnot cnlorc:d above

tips, etc . Attach Fo rm (s) W -2 , : ..A tt ac h S c he d ule B if requ ired , ..

T alI: -e )( eln l~ tin te re st . D o n ot in clu de o n lin e 8 a abrvldillidends. A tll'lc h S ch ed ule B if required


2/12

Preparll l tzj:Pl"eparer'sol_turOUse Only ; A : ~ ; " s ~ n : a m : . ~ l a : - - - ~ ~ K 1 R J [ S { D ~ ( 5 5 ( f J & N r l L ~ g - - - - - - - - - - - - - ~ - - - - - - - - ~ - - - - - - ~ i F ~ - : ~ ~

')'s.,.,05-01 andZlPeece

Stantlard itOed""Ucn lor Popl.",hDcboclled ""V 40DO. " 1 1 " lin. :lll.39b orWhc 41ca n b . c l ll , ;, e d83ZI I dep M' ld en t 42

43 Alleth .. .. ' 4451ngloor 45Ml!Iriedftli


3/12

JOSEPHMedicaland 1Dental 2Expenses 34

You 5Paid(SeepageA2l 6

7

Schedule A - Itemized Deductions(Schedule B is on page 2)

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

JILL T. BIDENno t Inclu de ex pe nse s re im bu rse d or p aJ d b y others.dental expenses (see page A-1l _: __ _ .fromForm 1040 . , line 38 _ _ L..::....L..- --I

2 b y 7 .5% ( .0 .7 5 ) _ : .. . . . _ __ L..;:...l..------,r---t3 from lin'e1. I f l ine 3 ismore than l ine 1, enler .0. .(check only one box)::::':Xes' } - ; - ---- ..

taxes (SeB page A 5 ) : : .

9 26 516.You Paid(SeepageA-5.)

1011

Note.Personalinterest isnotdeductible.rsported to , you,pn Form 1o.9f)., - .

i-nn,rt",,,ni> lnsurance premiums (See Page A7) . .I nv ' "


4/12

Schedul"" A&B I F o r m 1040) 2~07 OMS No. 1545,0074 Pag" 2N am e (s ) ""o w n o n F o"", '0 40 . D o n et o n! .. n am e a nd sD C la JS


5/12

SCHEDULE E(Form 1040)

Supplemental Income and toss(Fromrental real estate, royalties, partnerships,S corporations, estates, trusts, REMICs,etc.) .

to F orm 1 040, 1 040NR , o r F orm 1041. .... See Instructions f o r S c tLedu le E (Form 1040) . .2007

Department of tho T'.....uryInternal A.tWet1UB Service

OMB N o. 1 5 45 -0 0 74

N am e( s) s ho wn o n re tu rn Y ou r s oc ia l s ec urit y n um be r

F or e ac h r en ta l rea! es ta te p r op e rt y I is le (Jo n l in e 1, di d yo u o r y ou r f a m i l y us e itduring th e ta x y e a r f o r pe rs on a l p u rp o se sfor m ore th an th e g re ate r at 14 days o r 10% 01 the tota l days rented a t fa ir

r en ta l v a lu e ?(S ee p ag e E -3 .)

ses:A d ve rt is in g . .. .. .. .. .. .. . . . , ..A ut o a nd . travel (see p ag e 1 0 4)

7 C le an in g a nd m ain te na nc e .. ..8 Commiss ions9 Insurance

10 L e ga l a n d o th e r p r of es s io n al1 1 Managemen t f e e s .12 M o rtg ag e in te re st p aid to

(see page E 4) .1 S O ! h " e r in t s r e s t , . . . .14 Repairs .' .16 Supp lies .16 Taxes , ..17 Utilities ..18 Other (lis t) ~ -+ - _

18

19 A dd lines 5 th rough 1820 D e pr ec ia ti on e xp en se o r21 To ta l ~ xp enses. A dd lines 1 922 Incom e Dr (lo ss ) fr om r en ta l re al

o r r oy al ty p ro p s rt le s, S u bt ra ctfro m lin e 3 ( re nts ) o r lin e 4 (ro1(all l;es).If the res ult is a (loss ), se efind ou t if y o u mus t file Form

2 3 D ed uc Hb le r en ta l real estate HJ~:'.I""~" ,milY ou r ren ta l re al e sta te lo ss o nb e lim ite d_ S ee p age E 5 to fin dm u st fi le F or m 8 58 2. R e al e st at e I pr 01 eS i, iO rt al sm ust co mp lete line 43 o n p age

24 In co me . A dd p os it iv e a mo un ts2 .5 Lo sse s. A dd roy ally los ses from26 T otal renta l real es tate. and

if P a rt s I I , I II , I V , and line 40 online 17 or F orm 10 40 NR , line

23o n lIn e 22 . Do notlrm lude any losses : .

2 2 an d re nta l rea l estate lo sse s from lin e 2 3. E nte r 'tota l lo sse s h ereInc om e or (lo ss). C om bine n n e ~ 2 4 an d 2 5. E .n te r the resu lt h ere.2 do not apply to y ou , a ls o e nte r t his amounl on Form 1040,

inc lud e this am oun t In the to ta l on line 41 on 2721491 lHl807 LH A Fo r

7 1 0 0 0 .

7 1 0 0 0 ..6S chedule E (F orm 10 40 ) 2 00 7


6/12

adjustment, if any, from line 6 of the worksheet on page 2 of the Instructions_._Schedule A (Form 1040), line 27 _.. .__....................................................

$156,400 (over $78,200 If married filing separately), enter .theamount from line 11ueuul"ucm:;; Worksheet on page A10 l? f the instructions for Schedule A (Form 1040) __

line 10 or line 21 _ _._._._ _(difference between regular tax and A M n _ _ _.regular ta x and AMT) , -................................. I-:;_+---------

oeluucuqn from Form 1040, f ine 21. Enter as a positive ~mount : .activity' bonds exempt from the regular tax "(7 % of gain excluded under section 1202L...... 1 -==--1 - _

(excess of AMT income over regular tax income) : .SChedule K-1 (Forni 1041), box 12, code A ) .. _ .. from Schedule K - ' (Form1065-B), box 6) _ .

fntlCfl>r"nr'A between AMT and regular tax gain or loss) : .in service after 1986 (difference between regular tax and AMl) _._ .

betwee~ AMT and rc:gular tax income or loss) _ .(dtfferem:eltlellNeE3nAm and regular tax laccme or loss) : .I,HI'i..r,~nr'b between regular tax and A M n : _ .

AMT and regul.artax income) ; .regular-tax andAMl) .- .. , , , __

A""ArimRlnt ..1 costs (difference betwee!) r~gular ta x and A M T ) ~ : : . : : . . . - I - : - - _

Perm 6251.. Attach to Form 1040 or Form 1040NR.

Alternative Minimum Tax - IndividualsDepartm,nt ", thoTrnas~rytntomal R.v .n~e SoM"" (99)

23 Taxes from Schedule A456

78910 Net operating loss111213141516

,enter the amount from Form 1040, l ine 41, and go to l ine 2. Otherwise,10 ! lO , line SB , and go to line 7. {I f less than zero, enter as a.negative amount.) .el SchoduloA (Form 10401,1;"04, or ~.5% (.025) cl Form 1040. 1;"030. IJz"'" er I , onler-G- .

232425262728

30

a child under age 18, see instructions.)AND line 2 8 is not over TI-lf ' -N enter on l ine 2 9

$112,500 $44,350 }150,000........................ 66,250 STMT 375,000........................ 33,125 - .shown above for your filing status, see instructions.Ifmore than zero, go to l ine 31. I fzero or less, enter -0 - here and on linesof Part II .H~~":.~h h~ '" h0 ,

31 - If you are f iling Form or 2555EZ, sea page 8 of the instructJons for the amount to enter. 1- ' f you reported capital distMbutions di rectly on Form 104Q,_line13.: you reported qualifie.d dividendson Form 1040, l ioe 9b; you had a gain on both lines 15 and 16 of Schedule D (Form 1040) (as refig.uredfor the AMT , if ne,c:e~lSar')(),omplete Part ilion page 2 and enter the amount from line 55 h,ere. ... A ll others: If line 30 Is or l ess ($87,500 or less if married filing separately), multiply line 'S O by26% (.26). Otherwise, line SO by 28% (28) and subtract $3,500 ($1,750 if married filingseparately) from the

3233 Tentative minimum tax.34 Tax from Form 1040, l ine

Ifyou used Soh J to35

tax credit (see instructions) __ , .FlneS2 from fine 31 _ .(minus any tax from.Form 4972 and any foreign tax credit from Form 1040, l ine 51).

tax, the amount from line44 o f Form 1040 must be refigure(_!without using Soh J'Subtract line 34 from line 33. If zero or less, enter 0.Enter here and on

Y o u r s o c ia l s ec u r it y n u m b e r

- 3 2 6 9 .

280' 146.

246 433.

65 501.

34 62 780.2 721.5

Reduction !oct Notice, see instruotions. Form 6251 (2007)


7/12

mSTUCTCmS for Form 1040, l ine 44. or the amount fromWorksheet on page 0.10 of the instructions for

applies (as refigured tor th~ AMT, ifmmnrmsu. If you are filing Form 2555 0.r2555EZ,to enter .......................................................o (Form 1040).lin8 19 (as refigured fortha

AMT, if necessary) (see InS;UUCUIJm;I.1f you are piing F0m12555 or 2555EZ,to enter .

< : > U ' " H [ J ' U ' " D TaXWorksheet forthe regular tax or theline 37. Otherwise, add nnes37 and Sa,.and enter

amount from line lOaf the Schedule 0 TaxAMT, if necessary). If you are filing Form 2555

for the amount to enter.. '--3_9--'- _line'S9 , .

37

38

39

41 Subtract line 4{) from .line42 I fline41 Is$175,000 or ($87,500 or less i fmarried filing separately). multiply l ine 41 by 26% (.26).

28% (28) and subtract'$3,500 ($1,750 If married fiUngseparately) from........................................................................................................................or qualifying widow(er), }

fi1~ngseparately, or . .. ; 1-43_+- _of the Qualified Dividends and Capital Gain

Tax Worksheet in the l'5UUI"LlUI''5 for Form 1040, l ine 44, or the amount fromline 14 of the Schedule Worksheet on page.D-10 afthe instructions forS-,hedule 0 (Form 1040), W I I I ' " ' ' " " ' ' '' ' applies (as figured fartha regular tax}. Ifyou did not oomplete for the regular tax, enter -0 - 1--44~+-......, _

the result .43 Enter: $63,700 If married filing $31 ,850 Ifs ingle or $42,650 If head of

44

45 Subtract l ine 44 from l ine46

47 Enter the smaller of l ine

49 Subtract line 47 from l ine..........................................................................................................................

49

50 Multiply line49 by 15% (.1 ............................. , : . .lines 51 and 52 and go to line 53. Otherwise, go to line 51.

51 Subtract l ine 46 from llne5.2' Mult ip ly l ine 51 by 25%

51

...................................................................................... , ..533

54 If line 36 is $175,000 or

52

Page 2

the result($87,500 or less if married filing separately), multiply line'36 by 26% (.26).28% (28) and subtract $3,500 ($1,750 if married fiting separately) from

.+ . 54l ine54 here and on Hna31. Ifyau araf i ling Form 2555 or2555EZ, do not enter

of the In the instructions719591122607

F o rm 6 2 5 1 ( 2 007 )


8/12

Departmenl of thBTreasuryI nter na l RQven tJe SMVtce

Household Employment TaxesSocial Security, Medicare, Withheld Income, and Federal Unemployment (FUTA}Taxes)... Attach to Form 1040, 104:0NR, 1040-SS, or 1.041.

... See separate lnstructlcns,

seHEDULE H(Form 1M?)

employerAl t a ch r r io n l 44Sequence N o .

JOSEPH R. BIDEN JR .A ernptoyee cash wages of $1,500 or more in 200?? (If any household employee was your spouse, your child

under age 21, your or anyone under age 18, see the lirieA instructions on page H3 before you answer this question.)[X] Yes.oo.

tax during '2007 for any household empl?yea?Did you withhold federalDYes.oo.

C of $1,000 or more in B(lY calendar quarter of 2006 or 2007 to a.1Ihousehold employees?paid in 2006 or 2007 to your spouse, your child under age 21, or your parent.)

D.No.DYes. and go to line,1 0 on page 2. (Calendar year taxpayers having no household ,employees In 2007complete this form for 2007.)

1~1i~m Social1

2 Social security taxes.3

4

5

6

7

89 Did you pay total cash

social security tax~~ (see pag~ H ;4) : .. 1

line 1 by 12.4% (.124) .: . 595.Medicare taxes (see page H4) , '-_3 ....;_.;..__...;._3 by 2.9% (.029) : : .

line 6) . : .

6

139,ifany . , 1-5.;._1- _

734.7

B 734.01$1,00,0or more Inany calendar quarter of 2006 or 2007 to all household employees?in.2006 or 2007 to your spouse, your chi ld under age 21, or your parent.)

DNa. Fnl"rl~" 'Aamountfrom line 8 above on Form 1040, l ine 62. Ifyou are not required to ft[e FOITTl1040,seemSTnJlr:ncms on page H4.

DO Yes.LHA For Privacy Act and ijeduction Act Notice, see page H-7 of the instruotions. Sohedule H(Form 1040) 2007

71035'120S.{)7


9/12

10 Did you pay 'np,mr,ln'vm ..nIH


10/12

JOSEPH R. BIDEN, ! J R . & JILL T. BIDENFORM 1040 . WAGES RECEIVED AND TAXES WITHHELD STATEMENT 1

FEDERAL STATE 'CITY'T AMOUNT TAX TAX SDr FICA MEDICARES EMPLOYER'S N A M E PAID WITHHELD WITHHELD TAX W/H TAX TAXS STATE OF D~tAWAR 66,546. S,014. 2,948. 4,632. 1,083.~ WIDENER UNlVERSI 20,500. 1,435. 676. 1,271- 297.T UNITED STATES S 161,708. 33,067. 7,2SS. 6,045. 2,345.TOTALS 248,754. 42,516. 10,912. 11,948. 3,725.

STATEMENT{S) 1 .


11/12

J O S E P H R . B ID E N, ! J R . & " J IL L T . B I DE NFORM 1040 EXCESS SOCIAL SECURITY TAX WORKSHEET STATEMENT 2

1.ADD ALL SOCIAL SECURITY ~AX WITHHELD 'BUT NOT MORETHAN $6,045.00 FOR EACH EMPLOYER (THIS TAX SHOULDBE SHOWN' IN BO 4 OF YOUR W-2 FORMS). ENTER THETOTAL HERE .' . . . . . . . . . . . .

2 . ENTER A N Y UNCO LECTED SOCIAL SECURITY TAX ON TIPS ORGROUP-TERM LIF INSURANCE INCLUDED IN THE TOTAL ONFORM 1040, LIN 63 . . . .

4.'PROM LINE 3. EXCESS SOCIAL SECURITYFORM 1040, LINE 67. , ...

3., ADD LINES 1 2TAX LIMIT

5.

'1,'AXPAYER

7.316.

7,316.6.045.

1,271.

SPOUSE

4,632.

4,632.6,045.

o.

STATEMENT(S) 2


12/12

JOSEPH R. B I D E N . I JR. & JILL T. B I D E Ni' FORM 6251 I EXEMPTION WORKSHEET STATEMENT 31, ENTER: $44,350 F SINGLE-OR HEAD OF 'HOUSEHOLD; $66,250 IF

MARRIED FILIJil JOINTLY OR QUALIFYING,WIDOW(ER); $33,125IF MARRIED PI ING SEPARATELY .....2 ENTER YOUR ALT ATIVE MINIMUM TAXABLE INCOME(AMTI) FORM 6 51, LINE 28 . . . . . 280,146.3 ENTER: $112,500 IF SINGLE OR HEAD OF HOUSEHOLD;,$150, 000 IF lED FILING JOINTLY OR

QUALIFYING WI OW(ER); $75,000 IF MARRIEDFILING SEPARA ELY. . . . 150,000.4 SUBTRACT LINE 3 FROM LINE 2. IF ZERO OR LESSENTER -0- . . . . . . . . ... 130,146.

56 BY 25% (.25 ). . . . . . . . FROM LINE 1. IF ZERO OR LESS, ENTER -0-. IFOR A CHILD UNDER AGE 18, GO TO LINE 7 BELOW.PHERE AND 'ENTER THIS AMOUNT ON FORM 6251,o TO FORM 6251, LINE 30

MULTIPLY LINE 4SUBTRACT LINE 5THIS FORM ISOTHERWISE, STLINE 29, AND7 CHILD'S MINIMUM EXEMPTION AMOUNT ..8 ENTER THE CHILD' S EARNED J:NCOME, IF ANY 9 ADD LINES 7 AND 8 10 ENTER THE SMALL R OF LINE 6 OR LINE 9 HERE AND ON FORM 6251,LINE 29, AND 0 TO FORM 6251, LINE 30 ....

66,250.

32,537.

33,713.

STATEMENT(S) 3

Documents

Vice-President Biden's 2007 Tax Return