While Trump's net worth is estimated to be about $2.5 billion, Biden and his wife are worth approximately $9 million.
Democratic presidential nominee Joe Biden paid thousands of times more in federal income taxes than President Donald Trump in 2016 and 2017, despite the incumbent Republican being far more wealthy.
According to Biden's tax returns, which he released publicly in July 2019, the former vice president and his wife Jill Biden paid $1.5 million in federal income taxes in 2016 and $3.7 million in 2017.nearly two decades of Trump's closely guarded tax returns, reported on Sunday that the president paid just $750 in both years. That means the Bidens paid 2,000 times as much in federal income taxes in 2016 and more than 4,900 times as much in 2017.
This combination of pictures created on September 28, shows Democratic presidential candidate Joe Biden speaking at an event on July 14 at the Chase Center in Wilmington, Delaware, and President Donald Trump speaking to the press at the White House on September 24. A comparions of tax returns shows that the Bidens paid 2,000 times as much in federal income taxes in 2016 and more than 4,300 times as much in 2017.
But Trump on Monday morning suggested—as he has bragged in the past—that he has avoided paying taxes. He argued that this was done legally, however."I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits," the president tweeted.
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