Biden releases 2019 taxes as pre-debate contrast with Trump

Lawrence Kim
September 30, 2020

Democratic presidential nominee Joe Biden paid almost US$288,000 in federal income taxes previous year, according to returns he released just hours before his Tuesday night debate with U.S. President Donald Trump.

Biden's return shows that his and his wife Jill Biden's taxable income in 2019 was $944,737, and they paid a 31 percent tax rate totaling $299,346 in federal income taxes.

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 a year ago. Kamala D. Harris and her husband Doug Emhoff.

"We have taken every precaution to make sure that while people can exercise their constitutional right to free speech, that they do it in a safe and secure manner, again, with the community in mind", Williams said.

Their income included about $265,000 from her writing work, but the bulk of the couple's money came from Mr Emhoff's law-firm income.

© Provided by CNBC Democratic presidential candidate Joe Biden and his wife, Jill, wave to the crowd during his 2020 campaign kickoff rally at the Eakins Oval in Philadelphia, Pa., on Saturday, May 18, 2019.

Mr Biden also receives a federal pension.

The Biden campaign responded by saying he won't be wearing an earpiece and didn't ask for any breaks, adding, "If we're playing that game then the Trump team asked that Chris Wallace never mention the number of COVID deaths once during the debate".

The release came less than 48 hours after The New York Times published an investigation based on more than a decade's worth of Trump's tax returns showing that the president paid no federal income taxes for 10 of the past 15 years.

Trump immediately dismissed the accusations as "totally fake news".

"While many critics question the article's accuracy, equally troubling is the prospect that a felony crime was committed by releasing the private tax return information of an individual - in this case the President's", Brady wrote.

He has said since the 2016 campaign that he's under an IRS audit and that he would be happy to release the returns once the audit is over.

The paper reported that the IRS started an audit in 2011 of a $72.9 million tax refund Mr. Trump received.

Other reports by Click Lancashire

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