Bernie Sanders' Tax Returns Show He's Now A Millionaire

16 April, 2019, 04:55 | Author: Cynthia Curry
  • Treasury Secretary Steven Mnuchin

As part of his policy agenda, Sanders has proposed 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.

Sanders: You can volunteer too. In 2016, the couple reported a little more than $1 million, mostly from sales of the book, which was also translated into five other languages.

Emerson's poll put Sanders in first place with 29 percent support, Biden in second with 24 percent, and South Bend, Indiana, Mayor Pete Buttigieg in third with nine percent.

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

He added later that "I consider paying more in taxes as my income rose to be both an obligation and an investment in our country".

'My view has always been that we need a progressive tax system which demands that the wealthiest people in this country finally start paying their fair share of taxes, ' he said.

"Bernie Sanders has been filing detailed financial disclosures for nearly 30 years, and he is proud to voluntarily make these tax returns available many months before the election, " said campaign manager Faiz Shakir.

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Warren, who has also already released her 2018 tax returns, made public 10 years of tax information last year.

He has previously released his 2014 tax return and published it on his website, which included a full list of itemized deductions. He joked his supporters might be thrown off by "my trillions of dollars of investment in Saudi Arabia or Russian Federation". "I worry that the corporate money CAP is receiving is inordinately and inappropriately influencing the role it is playing in the progressive movement".

'I wrote a best-selling book, ' he told the New York Times. It did very well. "He's made some money off a book". So that's the kind of where the money came from above and beyond our congressional salaries. "Hey President Trump, my wife and I just released 10 years".

Over the weekend, Sen. Trump has continued to ignore calls to release his returns, and House Democrats are now trying to use their majority power to obtain the documents from the Internal Revenue Service. Senator Kirsten Gillibrand and her husband earned about US$215,000 in 2018. They paid just under $700,000 in federal taxes, a tax rate of almost 37 percent. His effective tax rates in 2016 and 2017, his other high-earning years, were 35 percent and 30 percent, respectively. Most other Democratic contenders have pledged to do the same soon. Elizabeth Warren and Cory Booker.

But among presidential candidates, Jeb Bush still holds the modern-day record for the size of a total tax release. Harris released 15 years of tax returns over the weekend.

"As a strong proponent of transparency, the senator hopes President Trump and all Democratic primary candidates will disclose their tax returns", Sanders campaign manager Faiz Shakir said in a statement.

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