Biden releases 2019 taxes as pre-debate contrast with Trump – By Stephen Braun (Associated Press) / Sept 29 2020
WASHINGTON — Democratic presidential nominee Joe Biden paid nearly $288,000 in federal income taxes last year, according to returns he released just hours before his Tuesday night debate with President Donald Trump.
The move came following a report from The New York Times that Trump paid just $750 in income taxes in 2016, the year he ran for president, and in 2017, his first year in the White House.
Biden and his wife, Jill, along with Biden’s running mate, California Sen. Kamala Harris, released their 2019 federal and state returns as the president contends with the political fallout from a series of Times reports about Trump’s long-hidden tax returns. The Times also reported that Trump paid no income tax at all in 10 of the 15 years prior to 2017.
The Bidens’ payment of $287,693 to the federal government in 2019 showed a substantial drop from the $1.5 million they paid in income taxes in 2018, reflecting a decline in Biden’s book revenue, his decision to run for the presidency and his leave of absence from an academic post at the University of Pennsylvania in Philadelphia.
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