Bernie Sanders releases 10 years of long-awaited tax returns

Treasury Secretary Steven Mnuchin

'If you write a best-selling book, you can be a millionaire, too'.

His 2018 return reveals that he and his wife, Jane, earned more than $550,000, including $133,000 in income from his Senate salary and $391,000 in sales of his book, "Our Revolution: A Future to Believe In".

The tax returns released on Monday showed Sanders paid a 26 percent effective tax rate on his adjusted gross income in 2018.

Senator Kamala Harris yesterday released 15 years of tax returns, which showed that she and her husband earned about US$1.9 million in adjusted gross income in 2018. The release also confirms that Sanders' income crossed the $1 million threshold in 2016 and 2017, though he reported less earnings in his most recent return.

The 2020 Democratic primary hopeful promised to release his tax returns sometime in the coming week.

"W$3 hile still early in the nominating process", Kimball added, "it looks like Mayor Pete is the candidate capturing voters' imagination; the numbers had him at 0 percent in mid-February, three percent in March, and now at nine percent in April".

"I wrote a best-selling book, "he told the paper. There's nothing about any of these tax returns or the money or anything that'll come out that'll change that fundamental fact one bit".

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Over the past five years, the couple has paid over $2.2 million in federal taxes at an average effective tax rate of about 33 percent.

Senator Bernie Sanders (I-Vt.) found himself in a odd predicament after he revealed he was a millionaire amid questions about his unreleased tax returns.

In 2014, prior to his first presidential run, he reported an income with his wife of about US$206,000, according to his tax returns.

After Sanders put out the past decade of his taxes, former Texas Rep. Beto O'Rourke did the same on Monday evening, though without his 2018 return which he hadn't filed yet but said he would make public as soon as he filed. They paid just under $700,000 in federal taxes, a tax rate of almost 37 percent. Kirsten Gillibrand of NY and Washington Gov. Jay Inslee have also released returns dating back to 2007. Sen. Elizabeth Warren, Amy Klobuchar and Kirsten Gillibrand.

The returns provide a more detailed look at Sanders' finances than when he ran for president in 2016.

It's been standard for major-party nominees to release their tax returns, but in 2016, Trump became the first general-election candidate in more than four decades to keep his private.

But among presidential candidates, Jeb Bush still holds the modern-day record for the size of a total tax release.

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