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Sanders tax returns reveal millionaire status

Video Credit: Reuters Studio - Duration: 01:17s - Published < > Embed
Sanders tax returns reveal millionaire status

Sanders tax returns reveal millionaire status

U.S. Democratic presidential contender Bernie Sanders released 10 years of tax returns on Monday, 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.

Gavino Garay reports.

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Sanders tax returns reveal millionaire status

(SOUNDBITE) (English) DEMOCRATIC PRESIDENTIAL CANDIDATE BERNIE SANDERS SAYING ON APRIL 25, 2016: "Millionaires and billionaires." 10 years of tax returns released Monday showed the man who rallied against Wall Street big money, is now a millionaire himself.

The returns released Monday (April 15) revealed Sanders has achieved millionaire status in the past few years fueled by book royalties earned since his losing White House bid in 2016..

A staunch critic of a system he says is rigged to make the rich richer, the Vermont senator had an adjusted gross income of over half a million in 2018 and over a million in both 2016 and 2017, respectively.

In a statement accompanying the returns, Sanders said he had been "fortunate" having come from a family that lived paycheck to paycheck.

Sanders reporting paying a 26 percent effective tax rate on his 2018 income.

The release of his returns, like those of many other high-profile Democrats, comes as critics fault President Donald Trump for refusing to do the same.

(SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP SAYING: "While I'm under audit, I won't do it." Newly empowered Congressional Democrats have stepped up their demands to see Trump's taxes... setting a new deadline of April 23 for the IRS to hand them over....




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