Presidential Debates 2020: Joe Biden, Kamala Harris Release Tax Records

On Tuesday, presidential candidate Joe Biden released his 2019 tax returns that show he and his wife, Jill, paid nearly $300,000 in federal income tax last year. Biden has now released 22 years worth of tax returns to the public.

The Bidens have an adjusted gross income of around $985,000. The former vice president’s 2019 financial disclosure shows around $250,000 in income from book deals, speeches, and the University of Pennsylvania where he’s a professor. The disclosure points to less than $100,000 in debt.

Additionally, the Bidens released tax returns last year that showed they paid a total of $3.7 million in 2017 and $1.5 million in 2018.

On Tuesday, California Sen. Kamala Harris also released her 2019 tax returns. The disclosures showed that she and her husband, Doug Emhoff, paid around $1.2 million in taxes, and had an adjusted gross income of around $3 million. The move marks 15 years of Harris’ returns that are now available to the public.

Biden Releases Taxes After Trump Tax Revelation

Biden released his 2019 tax returns just hours before the first presidential debate. The move comes on the heels of The New York Times reporting that President Donald Trump paid no federal income taxes in 10 out of 15 years since 2000. In fact, Trump paid just $750 in federal income taxes in 2016 and 2017. The president has not made his tax returns public.

In addition, the report also raised questions about questionable tax deductions made by Trump. During a Sunday news conference, the president called the NY Times report “fake news.”

It is likely that Biden will bring up the report about the president’s taxes during tonight’s debate.

“Donald Trump thinks that the vast majority of hardworking Americans who pay their taxes are suckers,” Biden’s deputy campaign manager Kate Bedingfield told reporters. “President Trump only sees the world from Park Avenue. He looks out for the stock market, but looks down on workers and middle class families struggling to get by.”

You can read Biden and Harris’ financial disclosures and tax returns in their entirety HERE.