Hillary Clinton

spooky3

(38,589 posts)

30. According to a prior post here (sorry, don't have a link) they OWN a condo in DC.

Tue Apr 12, 2016, 12:30 PM

Apr 2016

They aren't renting there. That would have been a savvy move, if he bought long ago, given that he planned to be in DC a long time.

What it would mean now, is that the condo is likely worth AT LEAST a half million (if it is near Capitol Hill), and real estate taxes would likely be around 1% of the current value, per year. That would account for a chunk of his itemized deductions. And if he has a small mortgage still, there would be some mortgage interest. Both of these would be reported on Schedule A.

Or, if they are now leasing it to a tenant, they would deduct expenses on Schedule E, against rental income, rather than take the deduction on Schedule A (personal deductions).

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

41 replies

= new reply since forum marked as read

Highlight:

Reports Indicate Bernie Sanders Is a Millionaire With Three Homes..... update [View all] Iamaartist Apr 2016 OP

Releasing tax returns won't tell anyone about net worth. rgbecker Apr 2016 #1

Releasing his tax returns will show how much he paid in real estate taxes.... George II Apr 2016 #13

State tax cant hide it .... Iamaartist Apr 2016 #16

On Schedule A one enters requested deductions, which include state tax paid the previous.... George II Apr 2016 #20

Um... that's all public records. Anybody can access them on the internets. TalkingDog Apr 2016 #17

Yes, it's public record in CT too. But one has to know a little bit about what that property... George II Apr 2016 #22

O great, Schedule A will tell you about RE Taxes.... rgbecker Apr 2016 #37

I want to know why he gets such insanely high deductions KittyWampus Apr 2016 #2

^^This. CalvinballPro Apr 2016 #12

I suspect 2naSalit Apr 2016 #3

Most of us don't care so much whether he has money or not Yo_Mama_Been_Loggin Apr 2016 #5

Exactly! pandr32 Apr 2016 #23

This hits the nail right on BlueMTexpat Apr 2016 #26

That's right. Mr. Purity is more like, "Do as I say, not as I do." He will say it is no one's livetohike Apr 2016 #27

"His tax preparer"? jmowreader Apr 2016 #38

That's just it. LisaM Apr 2016 #29

Exactly! DesertRat Apr 2016 #39

The article..... said ( IF ) he is a millionaire? Iamaartist Apr 2016 #4

I still think it may have something to do with Jane. LisaM Apr 2016 #6

Also could be that..not sure.... Iamaartist Apr 2016 #7

It would be simple to release the tax returns, a serious candidate for president would do this. Thinkingabout Apr 2016 #8

Very well said my beliefs also..... Iamaartist Apr 2016 #10

A bit curious apcalc Apr 2016 #9

What happens to Sanders campaign if his tax returns show he's a millionaire? He loses credibility as BlueCaliDem Apr 2016 #11

Very well said thank-you for that''''' Iamaartist Apr 2016 #14

You're welcome, artist. :-) eom BlueCaliDem Apr 2016 #15

Exactly. There goes his whole platform misterhighwasted Apr 2016 #31

And his "brand". BOOM. BlueCaliDem Apr 2016 #41

I really doubt that's true. KitSileya Apr 2016 #18

That could be to.....? Iamaartist Apr 2016 #19

I believe you are correct except that it's likely that his net worth is over a million... Walk away Apr 2016 #24

I smell a skunk...lol Iamaartist Apr 2016 #33

According to a prior post here (sorry, don't have a link) they OWN a condo in DC. spooky3 Apr 2016 #30

Poor Bernie! He has lost the nomination, he's an Oligarch and he is married to a woman who.... Walk away Apr 2016 #21

Haaha Well damn that sucks! misterhighwasted Apr 2016 #32

OMG Poor Bernie!! LOL Iamaartist Apr 2016 #34

Tea Party Iamaartist Apr 2016 #36

I believe he is a millionaire and the hints are in his victory speech from 4/5. Stand and Fight Apr 2016 #25

.Of course he is a millonaire how can they not see that ?? Iamaartist Apr 2016 #28

The only thing wrong with Sanders being a millionaire is the hypocrisy. stopbush Apr 2016 #35

As a member of Congress, Sanders has made well over $100,000 per year livetohike Apr 2016 #40