Bernie Sanders releases 10 years of tax returns

Bernie Sanders releases 10 years of tax returns

Bernie Sanders releases 10 years of tax returns

The Democratic-led Illinois Senate voted 36-19 in favor of a bill allowing the state to block President Trump from the 2020 ballot if he does not release five years of his tax returns.

This week he revealed in interviews that his returns, which he promised to make public by Monday, will show that his book "Our Revolution: A Future to Believe In" raked in more than a million dollars in profits.

Sanders in a statement said the returns "show that our family has been very fortunate".

It's been standard for major-party nominees to release their tax returns, but in 2016, Trump became the first general-election candidate in more than four decades to keep his private. "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".

"Pfft, come on. I paid the taxes that I owe", Sanders replied, laughing.

Sanders' campaign said in a news release that he paid 26% effective tax rate in 2018. But it appears at first glance that besides his own seeming embarrassment at his newfound wealth, there isn't much hay to be made from his returns. He declined to do so, disclosing only his tax return for 2014.

The earliest return released yesterday, for 2009, was done by hand, which may indicate that the Sanders did the taxes themselves.

Fox News mocked him on its website in a February story headlined: "Lifestyles of the rich and socialists: Bernie Sanders has 3 houses, makes millions".

"I regularly field calls from people angry with CAP over something Think Progress was written or posted", the official 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. In 2017, Sanders and his wife reported an adjusted gross income of a little more than $1.1 million from book sales. "I didn't know it was a crime to write a good book".

A number of other Democratic presidential candidates have released tax returns in recent weeks.

The former Florida governor released 33 years of tax returns during his failed 2016 presidential bid.

Trump said during the 2016 campaign that he would release his returns after an audit was completed. Senator Kirsten Gillibrand and her husband earned about US$215,000 in 2018. For months, the Vermont senator has said he would release several years of tax information, but had continued to delay the release, raising questions about whether there was something in his financial history that would upset his supporters.

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