Tag: Adjusted gross income

Erin Schaff/The New York Times WASHINGTON — Senator Bernie Sanders of Vermont, a leading candidate for the Democratic presidential nomination, disclosed 10 years of tax returns on Monday, providing a more detailed look at his finances than what he offered when he ran for the White House in 2016. He and his wife, Jane O’Meara Sanders, reported income that topped $1 million in 2016 and 2017, lifted by proceeds from his books. Mr. Sanders had about $393,000 in book income last year, and he and his wife reported giving nearly $19,000 to charity. “These tax returns show that our family has been fortunate,” Mr. Sanders said in a statement. At the time, Mr. Sanders said his wife did their taxes. “You’ll excuse us.” In that campaign, Mr. Sanders disclosed his tax return for only one year, 2014, which showed that he and his wife had an adjusted gross income of $205,271, largely from his Senate salary and Social Security benefits. (The editor in chief of ThinkProgress said in a statement that the site was an “editorially independent journalistic entity.”) [On Fox News, Mr. Sanders rejected the idea that his wealth was proof of the “American dream.”] Tax returns released by other Democratic presidential candidates have shown that they also earned more than a vast majority of American households in recent years. Their 2018 return indicated it was self-prepared. Mr. Sanders reported receiving about $840,000 in book income in 2016 and about $856,000 in 2017. “If you write a best-selling book, you can be a millionaire, too.”