Joe Biden paid $ 17,000 in property taxes last year
Recently released tax documents by Vice President Joe Biden and his running mate Kamala Harris show how much the duo are paying in property taxes and mortgage interest.
Former Vice President Joe Biden paid just over $ 17,000 in property taxes last year, according to recently released documents, while his running mate Kamala Harris paid more than $ 58,000.
These numbers come from the duo’s 2019 tax returns, which they published Tuesday as the presidential election approaches. The returns don’t identify specific properties, but they do offer insight into the types of real estate Biden and Harris hold, as well as the type of outstanding debt they have.
In the case of Biden, its 2019 tax documents show that he and his wife Jill Biden paid the state of Delaware $ 17,368 in property taxes. Additionally, the documents show he paid $ 15,796 in mortgage interest and points – a figure that suggests that unlike other prominent and presumably well-off 70s, Biden does not own his property directly.
Earlier this year, The Wall Street Journal documented Biden’s propensity to buy homes throughout his life, including some he could barely afford. The Newspaper The piece also notes that Biden admitted in his autobiography that from an early age he had been “won over by real estate.”
According to The Newspaper, Biden currently owns a lakefront home in Wilmington, Delaware, which he built in 1996, as well as a beach house he bought in 2017 for $ 2.7 million. The Beach House is located in Rehoboth Beach, Delaware.
Harris’ tax documents show that its real estate assets are more extensive. In 2019, she and her husband Douglas Emhoff paid California $ 58,185 in property and property taxes. The couple also paid $ 32,041 in mortgage interest.
The Real deal reported that Harris and Emhoff own $ 8 million in real estate, with homes in Los Angeles, San Francisco and Washington, DC
The release of the Biden and Harris documents followed a long tradition in which presidential candidates from both major parties publish tax information ahead of elections.
On the flip side, President Trump has refused to release his own tax documents. However, in recent days The New York Times got these documents and revealed that Trump only paid $ 750 in federal income tax in 2017. The temperature the reports do not include details such as mortgage interest, although he notes that since 2014 Trump has written off as a business expense $ 2.2 million in property taxes on a New York estate.
In Biden’s case, in 2019, he and his wife paid just under $ 300,000 in federal income tax in 2019. Harris and her husband paid just under $ 1.2 million.
Email Jim Dalrymple II