IL bill proposes Trump showing tax returns to appear on 2020 ballot

16 April, 2019, 03:11 | Author: Sue Mclaughlin
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This juxtaposition forced Sanders to defend his wealth, most of which he claims came from his book sales. Years ago my wife was a president of a college. The senator and her husband, Douglas Emhoff, a lawyer, reported an adjusted gross income of about $1.9 million in 2018, substantially more than the $142,000 Harris declared in 2004 when she was the district attorney of San Francisco.

Sanders has said in interviews that his recent increase in income is due to the success of his books: 2016's "Our Revolution", which came out after Trump took the presidency and earned a spot on the Times' bestseller list and 2018's "Where We Go from Here: Two Years in the Resistance".

Sanders, a USA senator who routinely rails against the "millionaires and billionaires" he says have rigged the system to protect their wealth and power, had an adjusted gross income of $561,293 in 2018, $1,131,925 in 2017 and $1,062,626 in 2016, the returns showed.

The exchange threatens to shred an already frayed public détente between the wider circles surrounding both Sanders and Clinton, who fought a bitter 2016 presidential primary that still looms large in the minds of many Democrats - if only because they fear a divisive replay in 2020.

During his first presidential bid, Sanders released just one year of his tax returns despite primary rival Hillary Clinton pushing him to follow her lead and release multiple years of tax information.

"I wrote a best-selling book", Sanders said then.

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The earliest return released yesterday, for 2009, was done by hand, which may indicate that the Sanders did the taxes themselves.

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.

"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. But the Vermont senator made his qualms with Fox News clear at the town hall, leading to contentious exchanges in the opening minutes between him and his moderators, Baier and Martha MacCallum. His effective tax rates in 2016 and 2017, his other high-earning years, were 35 percent and 30 percent, respectively.

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

There is no requirement that presidential candidates release their tax returns, but many have done so by tradition. The issue had become even more politically heated with Democrats continuing to demand President Donald Trump's tax returns.

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