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, and Twitter is already having a field day over it.
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.”
Of course, Twitter users had plenty of thoughts on the matter.
Twitter Lights Up As Biden and Harris Release Tax Returns
As news broke about the Democratic nominees’ financial disclosure, social media immediately went into a frenzy. As always, opinions were divided on the matter.
Some Twitter users pointed to Biden’s tax transparency as a reason why they support his presidential campaign.
Other Twitter users think that Biden’s move could be a big blow to Trump’s 2020 re-election.
However, many on Twitter also disagreed with those that think Biden’s financial disclosure is a big deal.
Some users even chose to criticize portions of Biden’s disclosure.
Regardless, it will be interesting to see how the ongoing topic plays out in the first 2020 presidential debate on Tuesday night.
Further Details of the Presidential Candidate’s Tax Returns
The Bidens have an adjusted gross income of around $985,000, according to the release. 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.