Bernie Sanders releases 10 years of tax returns, details millionaire status

Bernie Sanders releases 10 years of tax returns, details millionaire status

Sanders and his wife, Jane, had an adjusted gross income of $561,293 in 2018, paying a 26 percent effective tax rate.

His 2018 return reveals that he and his wife, Jane, earned more than $550,000, including $133,000 in income from his Senate salary and $391,000 in sales of his book, "Our Revolution: A Future to Believe In".

"There is no law that says that a candidate has to release their tax returns".

Sanders, a USA senator who routinely rails against the "millionaires and billionaires" he says have rigged the system to protect their wealth and power, had an adjusted gross income of $561,293 in 2018, $1,131,925 in 2017 and $1,062,626 in 2016, the returns showed.

Sanders reported earning over $850,000 as an author in 2017 and almost $800,000 as an author in 2016.

As part of his policy agenda, Sanders has proposed higher taxes on top earners and a big expansion of the estate tax, lowering the threshold where it kicks in to $3.5 million from $11 million, and placing a 77 percent tax rate on the portion of estates worth more than $1 billion. "A lot of people are not United States senators". He also challenged Trump to release his tax returns.


Though Sanders is not the only millionaire in the group - Sen. Senator Kirsten Gillibrand and her husband earned about US$215,000 in 2018.

In a recent op-ed, he outlined his now-familiar promise to take on the "powerful special interests" stemming from "the greed of Wall Street, the power of huge multinational corporations and the influence of the global billionaire class". Voters don't seem to care about his new wealth.

Sanders' decision to run for president in 2015 ultimately led to an increase in their bottom line - which jumped from $240,622 in 2015 to $1,073,333 a year later.

Other Democratic hopefuls Sen.

Beneath the program by the Vermont senator and Democratic presidential candidate, Americans would pay confront insurance premiums or premiums.

"We're seeing more returns, and sooner, than ever before", Rosenthal told ABC News. "Like in this case, I always remind them that CAP has no editorial control over Think Progress".


The venue was a town hall in Bethlehem, Pennsylvania.

Sanders said that his newer returns will show that he is a millionaire thanks to book sales. But his efforts at transparency paled in comparison to his opponent for the Democratic nomination Hillary Clinton, who released eight years of her tax returns. He declined to do so, disclosing only his tax return for 2014.

Sanders had earlier mentioned his 2018 best-seller, "Where We Go From Here: Two Years in the Resistance", as the reason for his comfortable financial status.

Sanders also voiced his disapproval over President Donald Trump's handling of the GM plant closures.

"I wrote a best-selling book", he said in the interview.

"When you wrote the book and made the money, isn't that the definition of capitalism and the American dream?" The former Florida governor released 33 years of tax returns during his failed 2016 presidential bid.


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