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Biden releases 2019 tax returns, paid $288,000

Biden releases his 2019 tax returns hours ahead of first presidential debate
Posted at 12:44 PM, Sep 29, 2020
and last updated 2020-09-29 14:22:18-04

Hours ahead of the first 2020 presidential debate, Democratic presidential nominee Joe Biden released his 2019 tax returns, as well as his returns for the last 22 years.

"The American people deserve transparency from their leaders, it's why as of today, I've released 22 years of my tax returns," Biden tweeted Tuesday.

According to Biden's 2019 return, the former Vice President reported more than $900,000 in income and paid $288,000 in taxes.

The release comes amid a series of New York Times reports regarding two decades worth of President Donald Trump's tax returns. The Times reports that Trump did not pay income taxes for 10 of the last 15 years which they viewed, and only paid $750 in income taxes in both 2016 and 2017.

The Times also reports that Trump is on the hook for more than $400 million in debt and loans, most of which will come due within the next four years.

Trump is the first president in modern history not to publicly release his tax returns. He remains in a legal battle to keep his returns out of the hands of the House Oversight Committee.

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