Published: Wed, April 17, 2019

Socialist Bernie Sanders' tax returns show millionaire status

Socialist Bernie Sanders' tax returns show millionaire status

Democratic presidential candidate Bernie Sanders, a senator famous for his campaign against the unjust power of the richest 1%, released years of tax returns on Monday that showed he is now a millionaire himself. In 2016 and 2017, Sanders reported earning $1.06 million and $1.13 million in adjusted gross income and paid at a 35% and 30% effective rate, respectively.

The revelation that Sanders is now a millionaire had, in some quarters, surfaced doubts over his ability to effectively deliver the progressive populist message that made him a political star. Millions of people every single year lose their health insurance, you know why?

This is nonsense. The only reason to worry about a candidate's income is insofar as it suggests they are either vulnerable to corruption, or have been corrupted.

There is no requirement that presidential candidates release their tax returns, but many have done so by tradition.

Bernie and Jane Sanders have three homes, one in Burlington, a second in Washington and a third, on a Vermont lake front. He probably could have gotten a lot more if he had been strategic about it.

"Center for American Progress leader Neera Tanden repeatedly calls for unity while simultaneously maligning my staff and supporters and belittling progressive ideas", Sanders writes. "I worry that the corporate money CAP is receiving is inordinately and inappropriately influencing the role it is playing in the progressive movement".

What matters here is the method by which politicians and ex-politicians capitalize on that fame. "We pay for what we are proposing, unlike the president of the United States". "Did you really avoid breaking up the big banks because you thought it would undermine financial stability, or were you on the take?" writes Yglesias. For example Buttigieg until recently did not have a national profile, but raised $7 million during the first quarter of 2019 - of which 64 percent came from small donations.

"Hey, President Trump. My wife and I just released 10 years". Sanders has said he didn't release more information because he didn't win the nomination.

Immediately before the town hall event, Sanders released a decade's worth of his tax returns after years of resisting disclosure. It, like much else that goes on in the minds of Trump and those who continue to support him, is a mystery.

"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.

The Sanders' annual income reached its highest point in 2017 when they earned $1,131,925.

Defending the earnings, he said: "Anyone who thinks I should apologize for writing a bestselling book, I'm sorry, I'm not going to do it".

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