"Bernie Sanders has been filing detailed financial disclosures for nearly 30 years, and he is proud to voluntarily make these tax returns available many months before the election, " said campaign manager Faiz Shakir.
While millions of Americans had to cut Uncle Sam a check this year to pay their tax bill, 60 of the Fortune 500 companies paid zero taxes on their revenue, a new report finds. That year, their adjusted gross income was $1,062,626, and they paid a total of $372,368 in taxes at a 35 percent tax rate. Burlington Free Press shared that in 2016, he donated all $4,050 from five appearances to charity.
The filings show that Sanders, who throughout his career has called for an economy and government that works for everyone and not just the 1 percent, is among the top 1 percent of earners in the US.
Since then, he has written two campaign-oriented books: Our Revolution in November 2016 and Where We Go From Here in November 2018.
The returns provide a more detailed look at Sanders' finances than when he ran for president in 2016. This is just something that has happened over the course of many years in this country, and it's kind of become a standard practice, but Donald Trump said in 2016 he was under audit.
In a statement accompanying the release, Sanders said that the returns show that his family has been "fortunate", something he is grateful for after growing up in a family that lived paycheck to paycheck.
He added later that "I consider paying more in taxes as my income rose to be both an obligation and an investment in our country".
The revelation that Sanders is now a millionare had, in some quarters, surfaced doubts over his ability to effectively deliver the progressive populist message that made him a political star.
More numbers in Biden's favor come from a recent Morning Consult poll, which states he's the second choice of Bernie Sanders supporters, Kamala Harris supporters, and Beto O'Rourke supporters, suggesting the broad, if secondary appeal of the former vice-president.
Sanders robustly defended his wealth, as he has before - which some people have said is hypocritical. "He could earn another million dollars and it would still wouldn't matter".
In 2014, the year before he launched his first presidential campaign, Sanders had an adjusted gross income of $205,271. "If I make a lot of money, you make a lot of money, that is what I believe", said Sanders. Still, he remains one of the least wealthy members of the US Senate.
The tax returns released on Monday showed Sanders paid a 26 percent effective tax rate on his adjusted gross income in 2018. Sanders is 77 and his wife is 69. Bernie Sanders (I-VT) agreed to a town hall with the conservative network.
Up against criticism that, like Trump, Sanders was not being transparent, the senator said he was going to release them on Tax Day and urged the president to do the same.
The former Florida governor released 33 years of tax returns during his failed 2016 presidential bid.