News

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

U.S. Democratic presidential contender Bernie Sanders released 10 years of tax returns on Monday (April 15), providing details of his growing status as a millionaire fueled by a sharp jump in income from book royalties since his losing 2016 White House run.

Sanders, a U.S. 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 augmented his Senate salary with book royalties in each of those years, particularly in 2016 and 2017 when he made more than $800,000 each year in royalties. Sanders has published three books since the start of his first White House run, including bestsellers “Our Revolution” and “Where We Go From Here.”

In 2009, the first year of returns Sanders released on Monday, he had an adjusted gross income of $314,742.

Sanders had faced mounting pressure to release his taxes, with critics saying the democratic socialist’s millionaire status undercut his populist economic message. He made no apologies for his financial well-being, telling the New York Times recently that “if you write a best-selling book, you can be a millionaire, too.”

On Monday, Sanders took a more measured tone in releasing his returns, making reference to his upbringing in a Brooklyn family of limited financial resources.

The interest in presidential contenders and their taxes has jumped since Republican President Donald Trump shattered decades of tradition during the 2016 campaign by refusing to release his returns – a stance he has continued since entering the White House. (Production: Temis Tormo and Kia Johnson)

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close