Sen. Bernie Sanders on Monday released a decade of tax returns, providing new insight into how the Democratic socialist senator from Vermont became a millionaire between his two presidential runs. Sanders said. "I consider paying more in taxes as my income rose to be both an obligation and an investment in our country".
Taxes paid: $697,611, or 37%. Sanders' campaign said in a news release that he paid 26% effective tax rate in 2018. Burlington Free Press shared that in 2016, he donated all $4,050 from five appearances to charity. The senator, who routinely rails against "millionaires and billionaires" and the "rigged" economic system that protects their standing, saw his income spike on royalties from sales of his book, "Our Revolution", published shortly after his 2016 race for the Democratic nomination.
"And she's not running for president", host Bret Baier said.More news: NBA Playoffs 2019: Celtics vs. Pacers Game 1 live stream
Sanders, a US 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. His Senate disclosure form also showed royalty payments from "We Shall Overcome", a folk album that included Sanders on their cassette tape.
During the 2016 presidential primary, former Secretary of State Hillary Clinton pressured Sanders to release his tax returns. That is absurd. Trump wants to repeal the entire estate tax.
In a statement accompanying the release, Sanders said that the returns show that his family has been "fortunate", something he is grateful for after growing up in a family that lived paycheck to paycheck.More news: Climate change protesters block roads in London
The revelation that Sanders is now a millionare had, in some quarters, surfaced doubts over his ability to effectively deliver the progressive populist message that made him a political star. Bernie Sanders (I-VT) addresses the Pennsylvania Association of Staff Nurses and Allied Professionals at the Mohegan Sun Pocono on April 15, 2019 in Wilkes Barre, Pennsylvania.
Former New Hampshire Democratic Party chair Kathy Sullivan said that while she does not see a problem with Sanders' financial status squaring with his commitment to curbing income inequality, she was struck by the way he handled questions about his wealth. "He could earn another million dollars and it would still wouldn't matter".
In 2016, during his first presidential campaign, Sanders released only one year of records - from 2014. "If you write a best-selling book, you can be a millionaire, too".More news: Samsung’s Fancy Galaxy S10 In-Display Ultrasonic Fingerprint Scanner Has Been Duped
"Bernie Sanders paid his fair share of taxes", Shakir said, adding that he hoped the returns would quiet the "hubbub and kerfuffle" that had grown in anticipation of its release. His wife Jane Sanders also has a number of mutual funds as assets. "That is why I strive every day to ensure every American has the basic necessities of life, including a livable wage, decent housing, health care and retirement security". Book sales accounted for $391,000 of his earnings in 2018, according to his most recent tax returns.
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