Democratic presidential nominee Joe Biden and his running mate, Sen. Kamala Harris (D-Calif.), released their 2019 federal and state tax returns on Tuesday, hours before the former vice president meets face-to-face with President Trump in the first debate of the 2020 presidential race.
The release comes days after a bombshell New York Times investigationshowed that Trump paid just $750 in federal income tax in both 2016 and 2017 and paid no taxes in 10 of the 15 previous years. The newspaper detailed questionable tactics that the president reportedly used to lower his tax bill over multiple years.
Biden and his wife reported an adjusted gross income of $985,233 and paid a total of $299,346 in taxes, for an effective tax rate of about 30 percent. Continue reading.