Donald Trump said during the Tuesday debate against Democratic presidential candidate Joe Biden that he has paid "millions of dollars" in income tax, adding that one year, it even reached $38 million.
"Show us your tax returns", Biden pressured Trump, to which the president replied he will do that but only after they are "finished".
Biden said that he is going to eliminate Trump's tax cuts.
The New York Times published an article on Sunday claiming that Trump paid $750 each for 2016 as well as 2017 and that he paid no income taxes at all in ten of the previous 15 years. The president dismissed the claims as another piece of "fake news" in a series of tweets, adding that he was entitled to depreciation and tax credits like everyone else.
Biden's tax records showed he and his wife, Jill Biden, collectively earned $517,334 in 2019 and paid $346,204, while receiving a refund of $46,858.