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Saturday, April 16, 2016

Sanders' Tax Returns Show Charitable Giving, Comparatively Modest Income

Bernie Sanders. (photo: Marius Bugge/The Nation)
Bernie Sanders. (photo: Marius Bugge/The Nation)

By Toby Eckert and Hanna Trudo, Politico
16 April 16
 
emocratic presidential candidate Bernie Sanders released his 2014 tax returns Friday night, showing that he paid $27,653 in federal taxes on adjusted gross income of $205,271.

The Vermont senator pledged to release the filings during the Democratic debate on Thursday night after sparring with Hillary Clinton over financial disclosure issues.
The majority of Sanders’ earnings came from his $174,000 salary as a U.S. senator, as well as Social Security benefits.

The returns, filed jointly with his wife, Jane, were just as “boring” and straightforward as Sanders repeatedly said they would be, particularly compared to those of Hillary Clinton, his multi-millionaire opponent for the nomination.

After tax payments of $31,825, Sanders collected a $4,172 refund. They donated $8,350 to charity.

Last summer, Clinton’s campaign made public eight years of tax returns — from 2007 to 2014. They showed that she and Bill Clinton made almost $28 million in 2014 and paid about $10 million, or 36 percent, in federal taxes.

The Clintons gave just over $3 million to charity in 2014, about 11 percent of their overall income. Almost all of it went to a family foundation that doles out money to other charities and is separate from the global Clinton Foundation.

On the Republican side, Sen. Ted Cruz and Ohio Gov. John Kasich have released portions of their tax returns. Donald Trump has refused to release his tax information, claiming he can’t because he is being audited.
 

Comments 

+1 # Blackjack 2016-04-16 10:32
I hope HRC is satisfied now. Remember at the debate, this was a ploy by her to shift discussion about her releasing transcripts of her paid speeches to the Wall St. giants. Instead of saying she would comply with that request, she shifted the conversation to income taxes--how she and Bill had already released tax returns from several years and Bernie had not. Then she kept on the tirade until she made Bernie promise that he would release his 2014 taxes the next day, knowing full well that he was going immediately to the Vatican after the debate. Bernie offered no excuses, just said that he would comply and have those returns out by Friday. Moderators allowed Clinton to shift the conversation to taxes and that was the end of the conversation about her releasing her transcripts.

1 comment:

Anonymous said...

A whole 4% of his income (compared to Clintons' 11% and $8,350 compared to $3 million)

As the headline states, he is soooo charitable.

205,271 adjusted gross income---He's one of the rich by any standard-almost a 1%er.

Yet, he only paid less than a 14% tax rate?

Why is he collecting SS?