Biden and Harris release tax returns ahead of debate



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Kamala Harris and Joe BidenImage copyright
Reuters

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The tax returns were filed a few hours before the first presidential debate.

US Democratic presidential candidate Joe Biden has released his tax returns just hours before the first debate with President Donald Trump.

Biden and his wife Jill paid nearly $ 288,000 (£ 224,000) in income taxes last year, according to filings.

He has asked the president to make his statements known.

The move follows a New York Times report that Trump paid only $ 750 in income taxes in 2016. Trump said the claims were “fake news.”

For years, Trump has been criticized by Democrats for failing to make his tax returns public like his predecessors did.

He says his tax returns are currently being audited and that he will not release them while the inspection continues. There is no legal reason why the president cannot release his statements while an audit is underway.

Biden’s tax returns showed he paid $ 346,000 in federal taxes and other payments last year on income of nearly $ 985,000 before seeking a refund of nearly $ 47,000 that they said they had overpaid.

Biden’s deputy campaign manager Kate Bedingfield described the release of the statements as a “historic level of transparency,” saying, “Mr. President, publish your tax returns or shut up.

Biden’s running mate, Kamala Harris, and her husband Doug Emhoff reported $ 3,018,127 in taxable income, most of this coming from Emhoff’s partnership at a law firm. The couple paid $ 1,185,628 in taxes.

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The New York Times claimed that Trump did not pay federal income taxes in 11 of the 18 years of tax records that were examined.

After the success of the TV show The Apprentice, he initially paid significant taxes: $ 95 million over 18 years. But then she got most of that back through a $ 72.9 million federal tax fund. The refund remains under review.

The newspaper also alleges that Trump claimed tax deductions on expenses that include $ 70,000 in television hairstyles.

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