Senator Bernie Sanders of Vermont recently released his tax returns and it turns out he’s a part of the one percent he has so fervently talked out against during his political career.
Sanders, who ran for president in the 2016 American presidential election, reported that he and his wife Jane had earned over $1 million dollars in 2016 and 2017.
Their most recent tax return indicated that the couple paid $145,840 in federal taxes in 2018, bringing their effective federal tax rate to 26 percent. They had an adjusted gross income of $561,293.
In 2018, Sanders reported that he had made roughly $393,000 in income from his published books. He and his wife reportedly gave roughly $19,000 of that income to charity.
The Internal Revenue Service has since confirmed that Sanders’s income puts him within the top one percent of American taxpayers.
The Vermont senator, however, has stated that he still wants to tax the rich. Not long ago during his 2016 presidential campaign, Sanders famously rallied against billionaires and millionaires.
“These tax returns show that our family has been fortunate,” said Sanders. He further added, “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.”
The think tank ThinkProgress labeled Mr. Sanders’s millionaire status as “very off-brand and embarrassing” in a recent post on their website. Sanders has since responded accusing the think tank of “using its resources to smear” him as well as fellow progressive liberal presidential candidates.