Bernie Sanders Rakes in $550k a Year
AP reports that critics are calling him a hypocrite, but does his base really care?
Let's be honest if there is anyone who can rub elbows with the rich and get them to do what's right it's Bernie Sanders. You decide! The AP has more on his income below.
Vermont Sen. Bernie Sanders on Monday released 10 years of his long-anticipated tax returns Monday as he campaigns for the 2020 Democratic presidential nomination.
The returns provide a more detailed look at Sanders' finances than when he ran for president in 2016. The release also confirms that Sanders' income crossed the $1 million threshold in 2016 and 2017, though he reported less lower earnings in his most recent return.
His 2018 return reveals that he and his wife, Jane, earned more than $550,000, including $133,000 in income from his Senate salary and $391,000 in sales of his book, "Our Revolution: A Future to Believe In."
During his first presidential bid, Sanders released just one year of his tax returns, despite primary rival Hillary Clinton pushing him to follow her lead and release multiple years of tax information. He declined to do so, disclosing only his tax return for 2014. Tax transparency has been in the spotlight as Donald Trump bucks decades of presidential tradition by declining to show voters his tax filings and as House Democrats seek to force him to turn them over.
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 himself among the top 1 percent of earners in the United States. According to the liberal-leaning Economic Policy Institute. families in the U.S. earning $421,926 or more a year are part of this group.
Sanders' status as a millionaire, which he acknowledged last week, was cemented in his 2017 statement. That year, Sanders he disclosed $1.31 million income, combined from his Senate salary and $961,000 in book royalties and sales. His higher income in two of the three most recent years could potentially prompt questions from voters about his frequent criticisms of the influence that millionaires and billionaires have over the political process.
In a statement accompanying the release, Sanders said that the returns show that his family has been "fortunate," something he is grateful for after growing up in a family that lived paycheck to paycheck.
"I consider paying more in taxes as my income rose to be both an obligation and an investment in our country. I will continue to fight to make our tax system more progressive so that our country has the resources to guarantee the American Dream to all people," Sanders he added.