Published: Wed, April 17, 2019
Global News | By Stacy Ballard

Bernie Sanders Just Showed His Full-Throated Embrace of Capitalism

Bernie Sanders Just Showed His Full-Throated Embrace of Capitalism

US Senator Bernie Sanders, who has made income inequality a hallmark of his presidential campaign, earned with his wife, Jane, about US$566,000 previous year and US$1.15 million in 2017. Sanders recently revealed that his income from book sales in the aftermath of that race had made him a millionaire.

"This year, we had $560,000 in income", Sanders said.

Sanders, who will run for president again in 2020, released his returns on tax day, the deadline for most Americans to file their tax returns. "This clearly is not the tax return of someone who does either a lot of tax planning or complex investing".

During a Fox News Channel town hall on Monday, Sanders said that he'd increased his income by publishing a book - he's written two with campaign themes - and that he wouldn't apologize for that. But his efforts at transparency paled in comparison to his opponent for the Democratic nomination Hillary Clinton, who released eight years of her tax returns.

"I guess the president watches your network a little bit, right?"

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The backdrop for the town hall was an abandoned steel plant in Bethlehem, Pennsylvania, the heart of a 2020 battleground region. "Please do the same".

Democratic presidential candidate Sen. "Senator Sanders believes it is a privilege to live in the United States and he believes it is patriotic to pay the taxes that support our country". But only six - Sanders, U.S. Senator Elizabeth Warren, former Congressman Beto O'Rourke, Mayor Pete Buttigieg of South Bend, Indiana, U.S. Representative Tulsi Gabbard, and Andrew Yang, a former tech executive - are relying chiefly on those small-dollar donors. According to the liberal-leaning Economic Policy Institute, families in the United States earning $421,926 or more a year are part of this group.

"These tax returns show that our family has been fortunate", Sanders said in a statement accompanying the tax returns.

"I consider paying more in taxes as my income rose to be both an obligation and an investment in our country", he added.

"That's not his message!" she continued, adding "I would have suggested that maybe this is a moment to talk about how the system is rigged for people like him, white, male, privileged, with a platform, and that he would want to make sure the system works for everybody". By 2018, his wife, 69, was also taking Social Security, providing the couple with almost $52,000 for the year. Bernie Sanders is now among those that can be called a millionaire, according to his federal tax returns. He made just over $1 million in 2016 and $1.1 million in 2017, the years that his books hit the shelves.

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Sanders (I-Vt.) was the preferred candidate of 29 percent of the registered voters surveyed by Emerson College on April 4-11.

Sanders and his wife disclosed $36,300 in charitable contributions in 2017, but their return does not detail each individual contribution.

"I don't think so", Sanders replied. Kirsten Gillibrand of NY and Washington Gov. Jay Inslee have also released returns dating back to 2007. Sen.

The effective rates and income both represent substantial increases from 2014, which was the a year ago of tax returns publicly released by the candidate, when he earned $205,617 and paid a 13.4% effective rate.

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