Biden Releases His Latest Tax Returns Hours Before Trump Debate

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Democratic White House hopeful Joe Biden released his tax returns for the last four years Tuesday just hours before he debates President Donald Trump, who faces criticism for paying almost no federal tax.

The former vice president and his wife Jill Biden, an educator, paid $299,346 in federal income taxes for 2019, according to forms filed with the Internal Revenue Service and released by Biden’s campaign.

The amount stands in sharp contrast to Trump, who boasts of his success as a billionaire businessman but paid only $750 in federal income taxes in 2016, according to a bombshell report by The New York Times.Biden Releases His Latest Tax Returns

Read also: US Elections: Biden Commands 12 Point Lead Over Trump In Latest Poll

Biden paid millions more in taxes in 2018 and 2017, when he and his wife earned $4.5 million and $11 million, respectively.

The campaign also released the 2019 tax returns for Biden’s running mate Kamala Harris and her husband Doug Emhoff, showing they paid $1.18 million on more than $3.2 million in income last year.

The issue of taxation — and Trump’s cloudy financial past — is almost certain to come up in the opening presidential debate later Tuesday in Cleveland.

The Times alleged the real estate mogul turned president paid just $750 in federal income taxes in both the year he won the White House and in 2017, and no federal income taxes at all in 10 of the previous 15 years because he reported losing more money than he made.

Trump immediately dismissed the accusations as “totally fake news.”

Read also: Joe Biden Vows To End America’s ‘Season Of Darkness’

But the issue has the potential to resonate with voters, particularly working-class Americans, millions of whom are struggling to make ends meet during the coronavirus pandemic and are yet paying more to the government in taxes than the billionaire commander-in-chief.

[AFP]

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

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