Latest Personal taxes News

Democratic vice presidential candidate Sen. Kamala Harris, D-Calif., speaks with members of the media at Trophy Brewing and Pizza during a campaign visit in Raleigh, N.C., Monday, Sept. 28, 2020. (AP Photo/Gerry Broome)

The Latest: Kamala Harris previews Biden's focus for debate

Sep. 29, 2020 6:09 PM EDT

WASHINGTON (AP) — The Latest on the 2020 presidential election (all times local): 5:50 p.m. Kamala Harris says her running mate, Joe Biden, will share his vision for tackling the coronavirus and rebuilding the nation’s economy during his presidential debate against President Donald Trump. The...

Democratic presidential candidate former Vice President Joe Biden walks off stage after giving a speech on the Supreme Court at The Queen Theater, Sunday, Sept. 27, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

Biden releases 2019 taxes as pre-debate contrast with Trump

Sep. 29, 2020 5:53 PM EDT

WASHINGTON (AP) — Democratic presidential nominee Joe Biden paid nearly $288,000 in federal income taxes last year, according to returns he released just hours before his Tuesday night debate with President Donald Trump. The move came following a report from The New York Times that Trump paid just $750 in...

Murphy signs $32.7B budget taxing millionaires, businesses

Sep. 29, 2020 5:45 PM EDT

TRENTON, N.J. (AP) — Gov. Phil Murphy on Tuesday signed a $32.7 billion budget for New Jersey that raises taxes on the wealthy and businesses and authorizes $4.5 billion in new debt he says is necessary to keep state finances solvent. The spending plan goes into effect Thursday and will keep state...

FILE - In this Sept. 9, 2020, file photo, Sen. Joni Ernst, R-Iowa, speaks during a news conference on Capitol Hill in Washington. Ernst will debate Democratic nominee Theresa Greenfield, Monday, Sept. 28, 2020, In Johnston, Iowa. (AP Photo/Jacquelyn Martin File)

Iowa US Sen. Ernst says court view 'consistent' in debate

Sep. 29, 2020 4:17 PM EDT

DES MOINES, Iowa (AP) — Iowa U.S. Sen. Joni Ernst said Monday night she had been “very consistent” in her views on Supreme Court justices despite supporting a vote on President Donald Trump’s nominee while working with other Republicans to block a nomination by President Barack Obama....

President Donald Trump arrives to speak about coronavirus testing strategy, in the Rose Garden of the White House, Monday, Sept. 28, 2020, in Washington. (AP Photo/Evan Vucci)

Times' tax story is talker, but perceptions mostly hold

Sep. 29, 2020 4:03 PM EDT

NEW YORK (AP) — Orlando Sentinel Editor-in-Chief Julie Anderson was curious how readers in polarized central Florida would react to her newspaper leading Monday's edition with a report that President Donald Trump paid just $750 in federal income tax in 2016 and 2017 — and no income tax at all in 10...

President Donald Trump talks about the Endurance all-electric pickup truck, made in Lordstown, Ohio, at the White House, Monday, Sept. 28, 2020, in Washington. (AP Photo/Evan Vucci)

Trump went even further than other uber-rich to shrink taxes

Sep. 29, 2020 3:54 PM EDT

WASHINGTON (AP) — The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans. Yet Trump characteristically pushed those strategies to the limit —...

President Donald Trump speaking during a news conference at the White House, Sunday, Sept. 27, 2020, in Washington. (AP Photo/Carolyn Kaster)

NY Times: Trump paid $750 in US income taxes in 2016, 2017

Sep. 28, 2020 11:45 AM EDT

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report in The New York Times. Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid no federal...

President Donald Trump gestures while speaking during a news conference at the White House, Sunday, Sept. 27, 2020, in Washington. (AP Photo/Carolyn Kaster)

Trump's tax revelation could tarnish image that fueled rise

Sep. 28, 2020 8:34 AM EDT

WASHINGTON (AP) — The bombshell revelations that President Donald Trump paid just $750 in federal income taxes the year he ran for office and paid no income taxes at all in many others threaten to undercut a pillar of his appeal among blue-collar voters and provide a new opening for his Democratic rival,...

President Donald Trump pauses as he speaks during a news conference at the White House, Sunday, Sept. 27, 2020, in Washington. (AP Photo/Carolyn Kaster)

5 takeaways from NY Times report on Trump's tax returns

Sep. 28, 2020 12:53 AM EDT

WASHINGTON (AP) — A New York Times report that President Donald Trump paid just $750 in federal income tax the year he entered the White House — and, thanks to colossal losses, no income tax at all in 11 of the 18 years that the Times reviewed — served to raise doubts about Trump's self-image...

President Donald Trump gestures while speaking during a news conference at the White House, Sunday, Sept. 27, 2020, in Washington. (AP Photo/Carolyn Kaster)

Trump's tax revelation could tarnish image that fueled rise

Sep. 27, 2020 11:00 PM EDT

WASHINGTON (AP) — The bombshell revelations that President Donald Trump paid just $750 in federal income taxes the year he ran for office and paid no income taxes at all in many others threaten to undercut a pillar of his appeal among blue-collar voters and provide a new opening for his Democratic rival,...