Taxes—who has to pay them and how much—is a major point of contention in this fall's presidential contest. Donald Trump overhauled the tax system in 2017 and has promised more, unspecified tax cuts if he's re-elected. Biden says he'll raise taxes on the wealthy and on corporations, while reducing them for the middle class.

Bloomberg tax reporter Laura Davison talks to WNYC's David Furst about the differences between the two candidates' proposals. Click on the audio player to listen.