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Bernie Sanders' Tax Returns Show He's Now A Millionaire
16 April 2019, 12:49 | Glen Norman
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Since his first bid, Sanders and his wife - from 2016-2018 - made a total of more than $2.79 million. That year, Sanders disclosed $1.31 million income, combined from his Senate salary and $961,000 in book royalties and sales.
"The filings show that Sanders, who throughout his career has called for an economy and government that works for everyone and not just the 1 percent, is among the top 1 percent of earners in the U.S, according to the liberal-leaning Economic Policy Institute", the Associated Press reported.
Most other Democratic contenders have pledged to release their tax returns soon.
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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 enormous multinational corporations and the influence of the global billionaire class". The documents said he paid $137,573 in federal taxes in 2018 and owed $8,267 in taxes for the year.
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Sen. Elizabeth Warren of MA, who has also made anti-corruption a key focus of her campaign, reported the next highest income out of the six Democrats who have released at least a decade of returns, showing an adjusted gross income between her and her husband of over $846,000.
Governor Jay Inslee of Washington released 12 years of tax returns, showing that he and his wife earned US$202,912 last year.
"We're seeing more returns, and sooner, than ever before", Rosenthal told ABC News.
"BernieSanders 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.
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The earliest return released yesterday, for 2009, was done by hand, which may indicate that the Sanders did the taxes themselves.
There is no requirement that presidential candidates release their tax returns, but many have done so by tradition. 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.
President Donald Trump did not release any of his tax returns during the campaign and has yet to show any signs he will do so ahead of the 2020 election. Sanders said he will still "strive every day to ensure every American has the basic necessities of life, including a livable wage, decent housing, health care and retirement security".
In an interview with the New York Times, he said his tax returns would be "more boring" because he's not a billionaire with investments in Saudi Arabia or "wherever he has investments, all over the world". He also conceded that vague promises from Sanders and the campaign about their plans had contributed to the speculation. I wrote two books in recent years.
"When you wrote the book and made the money, isn't that the definition of capitalism and the American dream?" "This clearly is not the tax return of someone who does either a lot of tax planning or complex investing".
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