September 30, 2020
Democratic candidate Joe Biden and his running mate Kamala Harris are trolling Donald Trump by releasing their state and federal tax returns ahead of the first presidential debate. The move comes following reports by The New York Times and other media of how little Donald Trump paid to the federal government in recent years.
According to The Independent (UK), the Biden campaign released the former vice president’s federal and Delaware tax returns from 2016, 2017, 2018, and 2019 online. Biden said 22 years total of tax returns would be available for the public to review.
Former Vice President Joe Biden and his wife, Dr. Jill Biden, reported receiving $985,233 in adjusted gross income in 2019, of which they paid nearly $300,000 in federal taxes. In 2019, Senator Kamala Harris (D-California) and her husband reported receiving just over $3M in adjusted gross income, and they owed $1,185,628 in taxes.
This starkly contrasted what President Donald Trump paid to the federal government based on a bombshell report from the Times.
According to the report, Trump failed to pay federal taxes in recent years and paid just 2016 and 2017 in $750. The president avoided paying taxes from 10 of the 15 years reviewed by the newspaper because his businesses lost hundreds of thousands of dollars, allowing him to reduce his tax burden.
The report also detailed a series of questionable expenses that Trump wrote off, including nearly $700,000 as a “consulting fee” for his daughter Ivanka Trump and $70,000 for his own hair styling.
Trump has dismissed the report as inaccurate but has declined to detail the specific errors.
The president, in stark contrast to all other past presidents, has refused to release his tax returns on his own to the American public. His campaign has claimed that he has not released his returns because they are under audit.
Research contact: @Independent