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Sanders tax returns reveal millionaire status

Credit: Reuters Studio
Published on April 16, 2019 - Duration: 01:17s

Sanders tax returns reveal millionaire status

U.S. Democratic presidential contender Bernie Sanders released 10 years of tax returns on Monday, providing details of his growing status as a millionaire fueled by a sharp jump in income from book royalties since his losing 2016 White House run.

Gavino Garay reports.

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Sanders tax returns reveal millionaire status

TEASER: Bernie Sanders tax returns reveal he's a millionaire (SOUNDBITE) (English) DEMOCRATIC PRESIDENTIAL CANDIDATE BERNIE SANDERS SAYING ON APRIL 25, 2016: "Millionaires and billionaires." 10 years of tax returns released Monday showed the man who rallied agains Wall Street big money, is now a millionaire himself.

The returns released Monday revealed Sanders has achieved millionaire status in the past few years... fueled by book royalties earned since his losing White House bid in 2016..

A staunch critic of a system he says is rigged to make the rich richer, the Vermont senator had an adjusted gross income of over half a million in 2018 and over a million in both 2016 and 2017, respectively.

In a statement accompanying the returns., Sanders said he had been "fortunate"..

Having come from a family that lived paycheck to paycheck..

Sanders reporting paying a 26 percent effective tax rate on his 2018 income... The release of his returns, like those of many other high-profile Democrats, comes as critics fault President Donald Trump for refusing to do the same.

(SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP SAYING: "While I'm under audit, I won't do it." Newly empowered Congressional Democrats have stepped up their demands to see Trump's taxes... setting a new deadline of April 23 for the IRS to hand them over....

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