2020 candidate Bernie Sanders releases 10 years of tax returns

Former Vice President Joe Biden and Sen. Bernie Sanders hold a substantial lead over their Democrat competitors for the 2020 presidential nomination according to a poll released Monday

Sen. Bernie Sanders marches along State St.in Montpelier in the 2018 Independence Day Parade.

He has previously released his 2014 tax return and published it on his website, which included a full list of itemized deductions. 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. That makes him the third-highest earning Democratic candidate this year, behind Kamala Harris and Elizabeth Warren.

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 among the top 1 percent of earners in the US. During that time he gave "only $10,600 to charity in 2016 and $36,300 in 2017, the records showed, followed by almost $19,000 in 2018", Fox reports. Sanders said to the moderators. The campaign did not say how much was given in that case.

"These tax returns show that our family has been fortunate". I am very grateful for that, as I grew up in a family that lived paycheque to paycheque and I know the stress of economic insecurity.

Sanders - who is now officially confirmed as a member of the infamous "one percent" after he released his past 10 years of tax returns - was asked why he accepts the lower tax rate afforded to him by Republican-passed tax reform when he advocates the wealthiest Americans pay their "fair share". Kirsten Gillibrand of NY and Washington Gov. Jay Inslee have also released returns dating back to 2007. Sen. By their response, it's clear that a lot of them would do so enthusiastically.

Eighteen Democrats are now vying to win the party's nomination to challenge Trump in November 2020.

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. All of the other returns have typed entries.

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.

The New York real estate tycoon refused to do so during the 2016 campaign, saying that he was under audit, but the Internal Revenue Service has said this is no impediment to their release.

Brazile, a former head of the DNC, has definitely made quite the career transition after being hired by Fox News earlier this year.

Trump touts tax cuts with Tax Day trip
But history would appear to be against him: Minnesota has not voted for a Republican for president since Richard Nixon in 1972. He's traveling Monday to Minnesota, a state he narrowly lost to Hillary Clinton in 2016 and that he's hoping to flip in 2020.

"I don't think so", Sanders replied.

"Pfft, come on. I paid the taxes that I owe", Sanders shot back.

"You're talking to the wrong guy", Sanders said in an hour-long event aired on the network that is the president's favorite news outlet.

The audience again cheered what Sanders had proposed, and the Vermont senator's campaign wasted little time in posting the exchange to social media. For example, the disclosure form only requires that income and debts be described in wide ranges, and does not report the value of real estate. All he had to do was write a book - or even easier, pay someone else to do it, though reportedly Sanders did not use a ghostwriter. Sanders was first elected to the Senate in 2006 and served in the House for 16 years before that.

Sanders robustly defended his wealth, as he has before - which some people have said is hypocritical.

It questioned whether "the self-described democratic socialist's high-end income, multiple houses and fondness for air travel" are at odds with his rhetoric about income inequality.

"ThinkProgress is part of CAP Action: It is editorially independent of both CAP and CAP Action and has been for years".

Before 2016, Sanders frequently pointed out that he was "one of the poorest members" of Congress. Podesta did not respond to a request for comment.

He and his wife, Jane Sanders, reported paying a 26% effective tax rate on his adjusted gross income.

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