Democratic presidential nominee Joe Biden and his running mate Sen. Kamala Harris released their 2019 federal and state tax returns just hours before the presidential debate between Joe Biden and Donald Trump.
Biden and his wife, Jill, reported $944,737 in taxable income last year and paid $299,346, or a 31% tax rate, in federal income taxes. The Bidens also reported making $14,700 in charitable contributions, the tax returns show.
Harris and her husband, attorney Doug Emhoff, reported $3,018,127 in taxable income. They paid federal income taxes of $1,185,628, or an effective tax rate of 39%. Harris and Emhoff also reported making charitable donations of $35, 390 last year.
With the latest disclosure on Tuesday, Biden has now released tax returns covering the past 22 years, while Harris has released 16 years of tax returns, according to the Hill.
This comes a few days after the bombshell New York Times reports that showed that Trump paid just $750 in income tax in both 2016 and 2017 and paid zero in 10 of the previous 15 years.
During the first debate with Sec. Hillary Clinton in 2016, Trump took pride in not paying taxes, telling Clinton that it “makes me smart.” For reference, in 2016 and 2017 when Trump paid just $750 Biden paid $87,000 and $3.7 million respectively.