Bernie Sanders releases 10 years of tax returns

JORMBO

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https://www.cnn.com/2019/04/15/politics/bernie-sanders-tax-returns-release-2020/index.html
(CNN)Sen. Bernie Sanders on Monday released a decade of tax returns, providing new insight into how the Democratic socialist senator from Vermont became a millionaire over his two presidential runs.
According to returns provided by his campaign, Sanders reported a total family income of $566,421 in 2018 -- $382,920 of which came from writing and royalties. The documents said he paid $137,573 in federal taxes in 2018 and owed $8,267 in taxes for the year. Sanders and his wife, Jane Sanders, reported paying a 26% effective tax rate on his adjusted gross income. The couple reported donating $18,950 to charity.
The new records show Sanders' growing income and confirmed his status as a millionaire, largely on the strength of money made from book sales.
Sanders' decision to run for president in 2015 ultimately led to an increase in their bottom line - which jumped from $240,622 in 2015 to $1,073,333 a year later. Since his first bid, Sanders and his wife - from 2016-2018 - made a total of more than $2.79 million.
Sanders in 2018 made $110 in music royalties, presumably for his 1987 folk album, "We Shall Overcome," and an additional $1,810 from his 1997 memoir, "Outsider in the House," which was published by Verso. He was paid and additional $391,000 for his books, including the bestselling "Where We Go From Here," published with Macmillan.
 
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cryptoadam

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Looks like it pays to run for President.

Thats why everyone wants to throw their hat in the ring.
 
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Looks like it pays to run for President.

Thats why everyone wants to throw their hat in the ring.
The big money for big wig politicians comes from guest speaking. It's like music bands. You earn so much from the day to day job, but touring makes you rich.

BIll and Hillary doing speeches at conventions are $100,000+ per session.
 
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I don't know what this signifies.

Nice job making money, I guess?

What do his tax returns have to do with his ability to be a president?
I never understood this either.

Name one other job in the world where you have to tell everyone your tax forms before you get the job.

The CEO of the IRS or CRA probably doesn't even have to do this.
 
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DunDunDunpachi

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Not much, but it's still a nice gesture of transparency, all things considered.
But her emails.

I never understood this either.

Name one other job in the world where you have to tell everyone your tax forms before you get the job.
Yeah I don't get it. Let's imagine the worst-case scenario: Trump gets caught with suspicious activity in his tax returns. Or would it be worse if it was found out he wasn't making as much money as he boasted? In either case, I am unsure how this has anything to do with running the country.

That goes for Bernie too: it's a nice gesture for political points, but does this genuinely elevate him in the eyes of voters? "I'm glad I stood with Bernie and his tax returns."

It's such a non-issue. Manufactured virtue juxtaposed against manufactured outrage.
 
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cryptoadam

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The big money for big wig politicians comes from guest speaking. It's like music bands. You earn so much from the day to day job, but touring makes you rich.

BIll and Hillary doing speeches at conventions are $100,000+ per session.
And I bet Obama is probably making way at least double that.

Being President is the big prize. Imagine how much a post President Trump book would make !
 

Gunztrix

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Very nice gesture to release his taxes. Usually releasing your taxes as a presidential candidate is a no big deal thing to do but with the drama happening with President Trump's taxes I'm sure he trying to score some points with people.
 
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Gunztrix

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But her emails.


Yeah I don't get it. Let's imagine the worst-case scenario: Trump gets caught with suspicious activity in his tax returns. Or would it be worse if it was found out he wasn't making as much money as he boasted? In either case, I am unsure how this has anything to do with running the country.

That goes for Bernie too: it's a nice gesture for political points, but does this genuinely elevate him in the eyes of voters? "I'm glad I stood with Bernie and his tax returns."

It's such a non-issue. Manufactured virtue juxtaposed against manufactured outrage.
Imo I don't need a presidential candidates taxes but I do like transperancy so releasing them does help a candidates image for me. Obviously this comes down to a person by person case as made obvious by your interpretation.
 
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I don't know what this signifies.

Nice job making money, I guess?

What do his tax returns have to do with his ability to be a president?
Shows that(unlike ever ol man drumpf) he was nothing to hide,and is forthcoming
.(except of course how much of his wealth as a million he would be willing to give to fund socialist policies ,and his wife’s possible fraud investigation)

I actually might not be remember that story correctly ,what ever happen do that? Was she found to have committed no wrong doing or what?
 

#Phonepunk#

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a friend was talking about this yesterday. i was surprised to find out he actually wasn't a millionaire until just a few years ago! that is an extreme rarity in the US political climate. anyone that criticizes him for having too much money needs to look at the competition.
 
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Tesseract

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nothing good comes from releasing tax returns, not anymore

that's a disappointing charity number tho, tbh

i almost donate more and i don't make half as much
 
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Joe T.

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a friend was talking about this yesterday. i was surprised to find out he actually wasn't a millionaire until just a few years ago! that is an extreme rarity in the US political climate. anyone that criticizes him for having too much money needs to look at the competition.
This is why I think trashing Bernie for now being a millionaire is an odd position to take. He's a 77 year old man that's been in politics most of his life. He's not a big spender, as far as I can tell. Three homes makes him sound like one, but two of them are in Vermont, one of which looks like a summer/vacation house, the third is a condo in Washington D.C. if I remember right. They aren't exactly extravagant mansions in high demand areas. Brett Baier and Martha MacCallum pressed him tonight at their town hall on whether he was willing to give away some of his money since he thinks the 1% aren't taxed enough, he laughed them off and pivoted to Trump's tax returns which won't do him any favors. Sure enough, CNN was quick to jump on him.

I liked Bernie in 2016 - hard not to when the alternative was Hillary Clinton - but his inability to provide a more detailed explanation for how he'll go about bringing about his changes three years later has lost my confidence. His messaging on medicare for all/single payer health insurance has slightly improved, but it's going to have to get better if he's going to have any shot of beating the establishment-backed candidates. The same mainstream media manipulating the masses with lies about Trump is going to wind up working against him soon enough, too.
 

Yoshi

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I don't know what this signifies.

Nice job making money, I guess?

What do his tax returns have to do with his ability to be a president?
The tax returns can show how the persons make their money and whether they employ any dubious (yet legal; illegal ones cannot be seen there of course) tax avoiding schemes. The first point can be relevant if you consider certain income questionable. E.g. if someone was advocating for coal as an energy resource, regularly receiving high paying speeches for the industry would put that into a different light. If Sanders was earning millions in the stock market, that would be an indicator of dishonesty in his talking points. If Trump was earning significantly less than he was boasting, this would similarly indicate dishonesty. Those are only examples, for both general points above there could be numerous other scenarios.

That being said, where I live it is not common for politicians to make their tax returns public and I have no big issue with that either. But if it is the standard procedure, then not doing it, does come off as wanting to hide something.
 

Rentahamster

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That being said, where I live it is not common for politicians to make their tax returns public and I have no big issue with that either. But if it is the standard procedure, then not doing it, does come off as wanting to hide something.
More or less yeah. Most politicians who aren't idiots are going to hide their conflicts of interests better so that they don't show up as easily on their submitted tax forms. However, publicly publishing them is a good PR move in order to show that they aren't hiding anything.

To that same point, NOT publishing them can also be a good PR move, but not as many people can pull it off as well as Trump can. Even if Trump's tax returns are as clean as a newborn baby's ass, the way he's playing the game and using every tool in the box to distract liberals from important issues, he's better off not releasing them until he absolutely has to.
 

Rentahamster

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And as another point, it's pretty funny to see Bernie opponents on the left and the right try to use his wealth as a gotcha. it's ridiculous. Relevant quote:


Russel Brand said:
Some people say I'm a hypocrite because I've got money now. When I was poor and I complained about inequality people said I was bitter, now I'm rich and I complain about inequality they say I'm a hypocrite. I'm beginning to think they just don't want inequality on the agenda because it is a real problem that needs to be addressed.
 

BlueAlpaca

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If you're a socialist then you believe wealth is zero sum and the rich get their money from oppressing and stealing from the poor.

So yeah, rich socialists are committing evil which they are campaigning against. It's like an ISIS soldier with yazidi sex slaves campaigning for women's rights.

It's what the soviets believed, and they murdered god knows how many to prove it, and Bernie agreed with them - he visited them and praised them. Same for Corbyn and everyone else.

It's what the cubans believed, leftist vermin guevara executed people with baseball bats and Bernie and brand and all the totalitarian socialists agreed with him and support him.

So yeah it's kinda weird to be a rich socialist and idolize people who would crack your head open with a baseball bat for having more money than the poor. Of course the rich socialists want to be the ones cracking heads, but if there was proper socialist justice it'd be their heads on spikes.

And by 'rich' here I mean all the rich - all the poor and middle-class in the west who would qualify as rich compared to the third world. Real socialism is about real equality, open borders and sharing of wealth, not people deciding to close off a country and enjoy their wealth for themselves only. The socialism being promoted by the likes of sanders and brand is just narcissistic virtue signaling totalitarians congratulating themselves on their goodness and seeking power/status, with a horde of semi-learned halfwits and losers who want to help themselves to other people's money while deluding themselves their resentment and envy is justice.
 
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HeresJohnny

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The main question Bernie needs to be asked now is whether he feels he paid his “fair share,” and if not, why didn’t he? I’ve heard some Democrats wanting to bring an 70 percent tax on upper earners. Would Sanders be willing to publicly state a percentage that he himself should have to burden and then pay that number retroactively should he become president? Would Sanders be willing to forego drawing a salary as president, like Trump has? I would love to see Sanders answer these questions. I believe he’s a nice old dude, but I also suspect he’s inconsistent in the application of his beliefs just based on how exclusionary and tax heavy (on everyone) his home state of Vermont is. Bernie talks a big game about the little guy, but as someone who looked into Vermont as a potential home, I can tell you the taxes are fuck off high, and the job market sucks because of heavy regulation and high corporate tax rates. If you look at it as a small scale example of how the country would fare under a Sanders presidency, it would be pretty shitty.
 
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