As expected, Vermont Sentaor Bernie Sanders, who is seeking the Democratic nomination for president in 2020, has released ten years of tax returns.
The returns, according to The Hill, showed that Sanders made $561,293 last year and paid a 26 percent tax rate. In both 2016 and 2017, Sanders made over $1 million. Sanders said much of that money came from his best-selling book.
“These tax returns show that our family has been fortunate. I am very grateful for that, as I grew up in a family that lived paycheck to paycheck and I know the stress of economic insecurity. That is why I strive every day to ensure every American has the basic necessities of life, including a livable wage, decent housing, health care and retirement security.” Sanders said in a statement. “I consider paying more in taxes as my income rose to be both an obligation and an investment in our country. I will continue to fight to make our tax system more progressive so that our country has the resources to guarantee the American Dream to all people.”