Darkness no more
- Mar 5, 2009
(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.