Just hours from the first debate among the US presidential candidates, Democratic candidate Joe Biden has released his latest tax return, from 2019. His opponent, current President Donald Trump, refuses for the time being to give access to his finances.
Last Sunday, the New York Times published the US President’s tax returns. It found that Trump paid only $ 750 in taxes in 2016 and 2017. In comparison, for Biden and his wife, that was $ 299,346 in 2019. The couple had a combined annual income of more than $ 985,000.
Biden published all his tax returns for 2016, 2017 and 2018 in July last year. His vice president-candidate, Kamala Harris, also published her 2019 tax return. She and her husband had to cough up $ 1.1 million in taxes.
Trump’s tax situation is expected to become one of the topics of Tuesday night’s debate. They cross swords in Cleveland. According to the New York Times, Trump was relying on fiscal optimization mechanisms that other rich and American companies are also employing. The president dismisses the newspaper’s reports as fake news, but refuses to confirm or deny the published figures.
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