Bernie Sanders releases 10 years of tax returns

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"While millions of people are paying more in taxes than they anticipated, Amazon, Netflix and dozens of major corporations as a result of Trumps tax bill pay nothing incorporate taxes, and I think that's a disgrace".

The Sanders campaign said in a press release that he paid 26 per cent effective tax rate in 2018.

Sanders had earlier mentioned his 2018 best-seller, "Where We Go From Here: Two Years in the Resistance", as the reason for his comfortable financial status. "If I make a lot of money, you make a lot of money, that is what I believe", said Sanders. He eventually made his 2014 return public: The document showed he and his wife Jane earned about $206,000 that year, including Social Security benefits.

Sanders faced pressure to release his returns this year as Democrats have increasingly made an issue of US President Donald Trump's refusal to release returns.

Sanders, a US 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 said that his newer returns will show that he is a millionaire thanks to book sales. On air, Sanders said he recognized that a Democrat presidential candidate would not win in 2020 merely by complaining about Trump.

"I and other Democratic candidates are running campaigns based on principles and ideas and not engaging in mudslinging or personal attacks on each other", Sanders wrote in the April 13 letter first obtained by The New York Times.

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He said that his view has always been that the wealthiest Americans ought to pay more taxes. One of them was a bestseller on the New York Times bestseller list.

In 2014, the year before he launched his first presidential campaign, Sanders had an adjusted gross income of $205,271. Kamala Harris, D-California, released 15 years of tax returns, the most of any Democratic presidential contender.

Bernie and Jane Sanders have three homes, one in Burlington, a second in Washington and a third, on a Vermont lake front. That year, Sanders disclosed $1.31 million income, combined from his Senate salary and $961,000 in book royalties and sales.

The revelation that Sanders is now a millionare had, in some quarters, surfaced doubts over his ability to effectively deliver the progressive populist message that made him a political star. Senator Kirsten Gillibrand and her husband earned about US$215,000 in 2018.

Sen. Elizabeth Warren of MA, who has also made anti-corruption a key focus of her campaign, reported the next highest income out of the six Democrats who have released at least a decade of returns, showing an adjusted gross income between her and her husband of over $846,000.

Over the past five years, the couple has paid over $2.2 million in federal taxes at an average effective tax rate of about 33 percent. Years ago my wife was a president of a college.

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