Democratic presidential candidate Joe Biden released his 2019 tax returns Tuesday afternoon, hours before the first debate with President Trump in Cleveland.
“The American people deserve the transparency of their leaders, which is why I have published my 22-year tax returns today,” Biden wrote on Twitter on Tuesday, referring to the New York Times’s leak of 48 hours. then the financial statements of the General Directorate.
The ex-veep and wife, Jill Biden, declared $ 985,233 gross income in 2019 and paid $ 299,346 in federal income tax, according to financial revelations posted on a campaign website.
Accountants for the couple list Biden’s occupation as “executive” and Jill’s as “teacher.”
The 22 years referred to by Biden include the sum total of all the returns he has released over his decades in office.
Biden running mate Kamala Harris and her husband, lawyer Doug Emhoff, also filed their tax returns on Tuesday afternoon, demanding $ 3,018,127 in taxable income.
They paid federal income taxes of $ 1,185,628.
The Biden campaign has launched a full-scale attack on Trump after the Times reported Sunday that the billionaire property developer paid just $750 in federal income tax in both the year he won the presidency and his first year in the Oval Office.
The president dismissed the report as “fake news”, claiming that he had paid “a lot” to Uncle Sam.
The Times also found that the president has not paid federal income tax for the past 10 years because his business has lost hundreds of millions of dollars.
Despite earning at least $434.9 million in 2018, according to his financial disclosures, Trump reported a $47.4 million loss in his tax filings.
The president’s campaign has pointed out that he paid taxes but then got credits issued against them for business losses and deductions.