Democratic Primaries
In reply to the discussion: So I was curious at Sanders' 2016 retrun [View all]CentralMass
(16,973 posts)He made a lot of money on a book in 2016 and 2017 after achieving rockstar status. No surprise . He also donated the proceeds of another book to charity and did not take the deduction.
He still calls for increasing taxes on the wealthy
https://www.vox.com/policy-and-politics/2019/4/15/18311337/bernie-sanders-releases-tax-returns-fox-news-town-hall
In 2018, Sanderss income was $561,293, on which he paid a 26 percent effective tax rate on that adjusted gross income. In 2017 and 2016, his income was more than a million $1.15 million and roughly $1.1 million respectively because of the advance and royalties from his bestselling book about the 2016 election. Sanders and his wife Jane Sanders paid $145,840 in taxes last year; $343,882 in 2017; and $372,368 in 2016.
They also donated 3.4 percent of their adjusted gross income to charity last year. But the campaign was also sure to note that they also gave the proceeds from Sanderss book, The Speech, directly to charity, and that they did not take the tax deduction for those contributions, which is why they dont show up in the tax returns.
Looking at the relative wealth of members of congress, Bernie cracking the millionaire barrier at 75 years of age from book sales (an honest buck) is a non issue.
primary today, I would vote for: Undecided