US 2020: Joe Biden releases his tax returns hours before presidential debate By Agency
US presidential candidate, Joe Biden released his tax returns on Tuesday September 29, hours before he is set to square off with President Donald Trump in the first presidential debate in Ohio.
According to his tax returns, Joe Biden and his wife earned nearly $1million in 2019 and paid $346k in taxes.
Tweeting Tuesday night, Biden wrote; “The American people deserve transparency from their leaders, it’s why as of today, I’ve released 22 years of my tax returns.”
Biden’s tax release comes days after a bombshell report from The New York Times showed Trump paid just $750 in federal taxes in 2016 and 2017.
The shocking figure reportedly paid by Trump was possible due to reported financial losses, a damaging blow to the successful ‘billionaire businessman’ image he has projected through out his career.
Biden’s deputy campaign manager Kate Bedingfield said on Tuesday that they released the presidential candidate’s financial information to be transparent.
“This is a historic level of transparency and it will give the American people faith once again that their leaders will look out for them and not their own bottom line,” she said.
Trump has never released his tax returns claiming he can’t release them since he is being audited by the IRS.
On Monday he also denied the New York Times report that said he paid only $750 as tax in 2016 and 2017.
When asked about the report at the White House, Trump simply said: “I paid tax.”
“I’ve paid a lot, and I’ve paid a lot of state income taxes, too,”