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2020 contender Bernie Sanders releases 10 years of tax returns showing bump from campaign book


Added 04-15-19 07:02:01pm EST - “Bernie Sanders' income popped to over $1 million after his best-selling book about the 2016 presidential race.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “2020 contender Bernie Sanders releases 10 years of tax returns showing bump from campaign book”. Below is an excerpt from the article.

Sen. Bernie Sanders, I-Vt., released 10 years of tax returns Monday evening, showing the majority of his income came from his U.S. Senate salary until 2016, when his income jumped with the publication of a book on his first presidential run.

His total income popped to over $1 million in 2016 and 2017, after he wrote "Our Revolution: A Future to Believe In" in November 2016, raising his effective tax rate for those years to over 30 percent.

"I consider paying more in taxes as my income rose to be both an obligation and an investment in our country," Sanders said in a statement released by his campaign. "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."

His book debuted on the New York Times bestseller list at #3, and has sold approximately 227,000 copies, according to the industry tracker NPD BookScan. Two subsequent books, "The Bernie Sanders Guide to Political Revolution" and "Where Do We Go From Here: Two Years in the Resistance" sold over 27,000 and 26,000 copies, respectively.

During his 2016 campaign, Sanders initially released just a summary of his 2014 tax returns, before releasing his full return later in the primary.

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