Bernie Releases 10 Years of his Tax Returns, But Here Comes the Media Spin!
As promised from weeks ago, Bernie Sanders had released his 10 years of tax return on April 15th. But the Media already put their negative spin on this.
Here is CNN's headline:
"Bernie Sanders releases 10 years of tax returns, showing how his 2016 presidential run vaulted him into wealth" - CNN
The headline hinting Bernie ran for president just to get rich?! None of the mainstream media used the same tone when Kalma Harris released her taxes, which showed their household income was over $2million, and she didn't have a presidential run, nor she wrote a best selling book.
Now let's take a look at FoxNews' headline:
"Bernie Sanders releases ten years of tax returns; Democratic socialist made over $560G in 2018" - Foxnews
This is laughable because an attack like this shows they have zero understanding of Democratic Socialist (I'm sure they know, but they want to continue to propagandize the term Democratic Socialist as if it is the same as 100% socialism or even communism). None of the Social Democrat countries such as Denmark, Norway, or Sweden have millionaires?
Here is another smearing title by The New York Time:
"Bernie Sanders Released His Tax Returns. He’s Part of the 1%." - NYT
SO WHAT if Bernie is in the 1%? He still wants to tax the rich! If you are looking for proof that Bernie is not running to get rich for himself, this is it!
Let's put Bernie's wealth/tax return into perspective.
Bernie ranked #423 out of 530 member of congress total net worth according to www.rollcall.com
The Clinton(s) made roughly $240 MILLION within 15 years since leaving the White House, most were through speeches - according to Forbes
Kamala Harris household income for 2018 is $2 million, but here is what CNN's headline looks like "Kamala Harris releases 15 years of her tax returns"! (she ranked #286 richest in Congress without her rich husban's asset)
Beto O'Rouke net worth alone is about $4.4 million, #97 according to www.rollcall.com But this is probably without counting his rich wife's asset, who is the daughter to multi-millionaire real estate developer.
Among the "popular" candidates so far, Beto O'Rouke, Pete Buttigieg have yet released any of their tax return, but they are getting more coverage than rest of the candidates.
If you are interested to go through Bernie's boring tax returns, you can them out here.
Some key details from Sanders’ tax returns include:
In 2018, Sanders’ adjusted gross income was $561,293. He paid a 26 percent effective tax rate on that adjusted gross income. In 2016 and 2017, when Sanders also earned significant income from his books, his effective tax rate was 35 percent and 30 percent, respectively. Their itemized deductions primarily consisted of mortgage interest, property taxes and charitable deductions.
The returns reflect that the Sanders’ primary sources of income over most of those years were Senator Sanders’ Senate salary and proceeds from his writing.
In 2016, the Sanders’ income increased substantially due to advances and royalties from his best-selling book Our Revolution: A Future To Believe In, which has been translated into 5 languages and published in a number of countries. The youth version of Our Revolution, the publication of Where We Go From Here and an advance on a book currently being written by Jane Sanders, are also reflected in the tax filings.
In 2018, the Sanders donated 3.4 percent of their adjusted gross income to charity. Overall, their charitable giving does not account for additional charitable proceeds from one of Sanders’ books, The Speech, which are donated directly to charity. The Sanders do not take a tax deduction for those contributions, so they do not show up on their tax returns. The Sanders’ donations have gone primarily to senior centers, low-income organizations, educational entities, and environmental and housing advocacy groups.