Democratic Primaries
Related: About this forumSo I was curious at Sanders' 2016 retrun
Yes, the one that he never released in 2016.
https://berniesanders.com/tax-returns/
And no wonder. His income then was more than a million. In 2018 - $560,000. Was interesting that he did not choose to designate $3 to presidential campaign. Most income was from "business" - $790,000 - but there are two schedules C one does not make sense the second adds details. Had he released this document that is now on his website, he would have a lot of explaining..
So I thought, OK, a millionaire , perhaps generous to charity. All of $10,600. At least this year he did chose to give to presidential campaign and donated twice as much $18.950. Obviously was prepared this year.
primary today, I would vote for: Joe Biden
Renew Deal
(81,869 posts)Didn't he go on and on about millionaires, billionaires, and oligarchs?
primary today, I would vote for: Undecided
dogman
(6,073 posts)He wants them to pay more taxes too.
primary today, I would vote for: Undecided
workinclasszero
(28,270 posts)I hear the greatest democrat of all was (GASP) a multi millionaire too.
Good old FDR.
He is saving my *** even today in 2019!
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)Bernie's giving, for someone of his wealth, is paltry at best, not hard to beat.
primary today, I would vote for: Joe Biden
Hassin Bin Sober
(26,335 posts)It was no secret. Not here or in the press..
https://efdsearch.senate.gov/search/view/annual/79926514-81b5-4154-9ded-e9b5779dc31d/
primary today, I would vote for: Undecided
dogman
(6,073 posts)If he had won the nomination in 2016 he would have released his 2015 return. 2015 had an adjusted gross of 240k+. He didn't earn the book money until 2016. Your tax filing is always for the previous year. That is why he released them now so he could release his 2018 return now. You certainly do question every thing.
primary today, I would vote for: Undecided
InAbLuEsTaTe
(24,122 posts)Otherwise, there's no questions asked.
Bernie & Elizabeth 2020!!!
Welcome to the revolution!!!
primary today, I would vote for: Undecided
Hassin Bin Sober
(26,335 posts)primary today, I would vote for: Undecided
dogman
(6,073 posts)There is now a crack team of auditors going through his returns right here, right now.
primary today, I would vote for: Undecided
pnwmom
(108,990 posts)And neither are bequests or inheritances, such as the property Jane inherited, and they eventually sold.
So, no, his Senate disclosure forms do not disclose all his assets.
primary today, I would vote for: Joe Biden
TwilightZone
(25,473 posts)1) Many assets are estimated within a wide range.
2) Many assets are not required to be disclosed.
primary today, I would vote for: Joe Biden
Hassin Bin Sober
(26,335 posts)primary today, I would vote for: Undecided
Blue_true
(31,261 posts)primary today, I would vote for: Joe Biden
NurseJackie
(42,862 posts)primary today, I would vote for: Joe Biden
Eliot Rosewater
(31,113 posts)primary today, I would vote for: Joe Biden
question everything
(47,521 posts)actually mocking us for falling for him. Again.
primary today, I would vote for: Joe Biden
treestar
(82,383 posts)there was plenty of questioning about everything Hillary did, and now Harris is questioned for like every decision as Cal. AG and Elizabeth Warren can never live down the Native American thing - and now "people are saying" Beto has no policy and I see a thread already where he is defending his charitable contributions. Biden is already getting it from all sides. No one escapes. Bernie got entitled because Hillary went easy on him but this time he has many challengers.
primary today, I would vote for: Joe Biden
InAbLuEsTaTe
(24,122 posts)or, that only applies to Bernie??
Bernie & Elizabeth 2020!!!
Welcome to the revolution!!!
primary today, I would vote for: Undecided
question everything
(47,521 posts)Still interesting that he jumped from $240K - I take your number - to $1,062.626 for 2016. $796,858 came from book sale.
Yet for 2018, his AGI is down to $561,421 with business expenses - mostly book royalty of $381,000.
So... when did he write his book(s)?
Yes, I do question everything. You would do the same for Trump, I hope. For Hillary?
primary today, I would vote for: Joe Biden
dogman
(6,073 posts)In 2016,2017, and 2018. The 2018 sales were not revealed earlier as that was in the 2018 filing submitted yesterday. He also is married to wife with a decent income as a professional.
primary today, I would vote for: Undecided
question everything
(47,521 posts)judging by three different Schedule Cs, for both 2016 and 2018.
In 2016 they were for:
VEDA Commissioner, income = $156
Recording Artist (really?) income = $2521
Book Author, income = $840,485
In 2018 they were for:
Music Royalties, income = $110
Book Royalties Verso (Publishing House?) income = $1810
Book Royalties McMillan, income = $391,000
primary today, I would vote for: Joe Biden
dogman
(6,073 posts)Show's you why he said it was boring with the books being the highlight. Have you found anything interesting in any of the other candidates tax returns?
primary today, I would vote for: Undecided
vsrazdem
(2,177 posts)the deduction for it.
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)BTW. If he donated to charity and chose not to take the deduction HOW would YOU know that? I have donated to charity and never took the deduction and NOONE save those reading this now knew. It is simple, you simply don't claim it on your tax filing, but only YOU know that (you don't even have to tell your accountant because once the decision is made, it is irrelevant for tax filings).
primary today, I would vote for: Joe Biden
vsrazdem
(2,177 posts)more than $1166.
primary today, I would vote for: Undecided
ALBliberal
(2,344 posts)Me to designate to Presidential election campaign I skip over it. Time is short during tax season and I wont go out of my way to ask busy clients this question and explain how saying yes wont affect liability. Pick on him for many other reasons but give the extremely busy senator a break on this one.
primary today, I would vote for: Joe Biden
question everything
(47,521 posts)Kinda strange that presidential candidates would skip this little box.
primary today, I would vote for: Joe Biden
ALBliberal
(2,344 posts)clients with complicated returns) leave details to their accountant. But yes it would be good to see that box checked.
primary today, I would vote for: Joe Biden
iamthebandfanman
(8,127 posts)its not like he wont be paying the taxes he wants to put forward for people who make that much money.
this idea that hes some sort of hypocrite is so funny.. i guess FDR was a hypcrite ?
Oh and Amy Klobuchars estimated net worth of $1,112,513 in 2015...
so?
primary today, I would vote for: Undecided
pnwmom
(108,990 posts)when Bernie owns three homes that together are worth at least $1.5 million, and has another million in assets beyond that?
The reason people are curious about Bernie's finances is because he has attacked other Democrats for being millionaires, and therefore in his view corrupt, when he himself is . . . a millionaire.
https://www.forbes.com/sites/chasewithorn/2019/04/12/how-bernie-sanders-the-socialist-senator-amassed-a-25-million-fortune/#2c6b665336bf
Sanders, 77, has, in fact, amassed an estimated $2.5 million fortune from real estate, investments, government pensionsand earnings from three books, including the 2016 hit Our Revolution: A Future to Believe In. I wrote a best-selling book. If you write a best-selling book, you can be a millionaire, too, he recently told the New York Times, striking a downright Trumpian note.
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
rgbecker
(4,834 posts)That's just over the top.
primary today, I would vote for: Undecided
MrsCoffee
(5,803 posts)primary today, I would vote for: Joe Biden
Eliot Rosewater
(31,113 posts)primary today, I would vote for: Joe Biden
rgbecker
(4,834 posts)pnwmom says "The reason people are curious about Bernie's finances is because he has attacked other Democrats for being millionaires, and therefore in his view corrupt, when he himself is . . . a millionaire."
Still waiting for a quote showing Bernie attacking "other Democrats for being millionaires."
Your Sanders quote from Boston.com is not an attack on other, any or a Democrat for being millionaires. I'm a native english speaker and I went to some of the finest public schools in the country and I can read. .
Really.
primary today, I would vote for: Undecided
pnwmom
(108,990 posts)with money.
That's a grossly unfair description of the party -- and it doesn't acknowledge the fact that he himself has LONG had money. His Senate salary alone puts him among the highest household incomes, and has since the day he joined. Below is a calculator from 2014. His Senate salary alone, not including Jane's income, would have put their household among the top 8% of households in the country. And yet he rails on as if everyone at his level and above -- including his fellow Democrats in the Senate -- is corrupt.
Mrs. Coffee's post above:
https://www.boston.com/news/politics/2017/03/31/watch-bernie-sanders-live-streamed-talk-at-mit
https://money.cnn.com/calculator/pf/income-rank/index.html
primary today, I would vote for: Joe Biden
InAbLuEsTaTe
(24,122 posts)Bernie & Elizabeth 2020!!!
Welcome to the revolution!!!
primary today, I would vote for: Undecided
question everything
(47,521 posts)primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)Bernie cast aspersions on other people about wealth, but he chose to hide his own wealth.
The whataboutism from Bernie supporters is going through the roof.
primary today, I would vote for: Joe Biden
Response to pnwmom (Reply #14)
MrsCoffee This message was self-deleted by its author.
BannonsLiver
(16,435 posts)And only among Sanders supporters is actually examining the returns he provided an attack. Are we allowed to even look at them or is that offensive in itself?
primary today, I would vote for: Undecided
CentralMass
(15,265 posts)He made a lot of money on a book in 2016 and 2017 after achieving rockstar status. No surprise . He also donated the proceeds of another book to charity and did not take the deduction.
He still calls for increasing taxes on the wealthy
https://www.vox.com/policy-and-politics/2019/4/15/18311337/bernie-sanders-releases-tax-returns-fox-news-town-hall
In 2018, Sanderss income was $561,293, on which he paid a 26 percent effective tax rate on that adjusted gross income. In 2017 and 2016, his income was more than a million $1.15 million and roughly $1.1 million respectively because of the advance and royalties from his bestselling book about the 2016 election. Sanders and his wife Jane Sanders paid $145,840 in taxes last year; $343,882 in 2017; and $372,368 in 2016.
They also donated 3.4 percent of their adjusted gross income to charity last year. But the campaign was also sure to note that they also gave the proceeds from Sanderss book, The Speech, directly to charity, and that they did not take the tax deduction for those contributions, which is why they dont show up in the tax returns.
Looking at the relative wealth of members of congress, Bernie cracking the millionaire barrier at 75 years of age from book sales (an honest buck) is a non issue.
primary today, I would vote for: Undecided
pnwmom
(108,990 posts)primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)HOW would YOU know that? I could say that Jeff Bezos donated half his annual stock bonus and does not take the deduction and that, in the absence of proof, would be equal to your claim.
primary today, I would vote for: Joe Biden
CentralMass
(15,265 posts)and other recent msm articles. I do not think that the Senator is a liar and I am sure that this is something that can be verified easily..
The Senator has expenses, he lives both on D.C. and VT. He has children and grandchildren that i'm sure he assists from time to time. I know I assist my children and don't dont deduct or claim anything related to it. If I made more, i would give them more. From what I read his charitable contributions are higher then most of the other candidates and on par with the average.
He is as always pushing for a tax increase on the wealthy and it is pretty evident he does nothing to avoid paying taxes.
So i say this issue is dead. He made some big money on a book for two years, pays his taxes, and donates at least an average amount to charity.
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)You made another unprovable declarative statement that Bernie gives more than most of the other candidates. How can you possibly prove that with even a smidgen of certainty?
primary today, I would vote for: Joe Biden
CentralMass
(15,265 posts)This link has some of the details.
https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2019/04/16/daily-202-tax-returns-show-2020-candidates-gave-to-charity-but-not-a-ton/5cb4ab60a7a0a475985bd448/
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)measured tone in your posts. Take care.
primary today, I would vote for: Joe Biden
CentralMass
(15,265 posts)"THE BIG IDEA: Former congressman Beto ORourke (D-Tex.) released 10 years of tax returns last night. He and his wife reported $1,166 of charitable giving from a total income of $370,412 in 2017, the most recent year for which they released a return. Thats one-third of 1 percent.
Sen. Bernie Sanders (I-Vt.) and his wife gave $19,000 to charity out of an income of $566,000 last year, or 3.4 percent. They provided $36,300 to charity in 2017, according to returns released last night. The Sanders campaign said those rates do not reflect charitable proceeds given from one of his books, which he did not deduct from his taxes, Michael Kranish and Sean Sullivan report. The campaign did not say how much was given in that case.
Sen. Kamala Harris (D-Calif.) released 15 years of tax returns on Sunday, showing that she and her husband earned $1.9 million last year and gave $27,000 to charity or 1.4 percent. Harris reported no charitable giving at all during her first three years as Californias attorney general. But then she married Doug Emhoff in 2014. The first year they filed jointly, Harris and Emhoff a partner at the law firm DLA Piper reported giving $60,000 to charity. Their giving dropped off to between $18,000 to $37,000 in the years that followed.
Sen. Amy Klobuchar (D-Minn.) and her husband donated $6,600 of their $338,500 income to charity last year, or just under 2 percent, according to a return her campaign published on its website yesterday.
Sen. Kirsten Gillibrand (D-N.Y.) and her husband made $215,000 last year and gave $3,750 to charity, also just under 2 percent.
The most generous of the top-tier presidential candidates appears to be Sen. Elizabeth Warren (D-Mass.). She and her husband donated $50,000 last year of their $906,000 income. Thats 5.5 percent.
Gov. Jay Inslee (D-Wash.) and his wife, who recently released 12 years of returns, earned an income of $203,000 in 2018. They gave $8,295 to charity, about 4 percent"
"But Joe and Jill Biden gave just 1.5 percent of their income to charity, $5,500 out of $379,000.
-- Biden took heat during the 2008 campaign when his tax returns showed that he and his wife had donated only $3,690 to charity in total over the previous 10 years an average of $369 a year. The most recent year for which Biden has released his tax returns is 2015. The then-vice president and second lady gave $6,900 of the $392,000 they earned to charity, about 1.8 percent. It will be interesting to see whether the rate of giving went up after Biden started giving high-priced paid speeches in 2017 and 2018."
Another article nentioned that Sanders charitable give varied ftom 1 to 4 percent ovef the 10 year period and averaged 2.26%
primary today, I would vote for: Undecided
artislife
(9,497 posts)disappear in a puff of smoke, but you know it won't.
There is just too much to question about everything without using the little gray cells.
Like another poster said, I too admire your measured responses in the midst of this...what shall we call it...intrigue.
primary today, I would vote for: Undecided
InAbLuEsTaTe
(24,122 posts)Bernie & Elizabeth 2020!!!
Welcome to the revolution!!!
primary today, I would vote for: Undecided
pnwmom
(108,990 posts)I can't be that impressed that he didn't take a deduction for The Speech on a trivial amount in royalties.
Currently, this is its ranking among Amazon "best sellers":
Amazon Best Sellers Rank: #98,080 in Books
primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)So it is hard to say how much he got, BUT, I had a book rank 318,000th there once and I made enough to buy three months worth of toilet paper.
The thing that gets me is the Bernie supporters keep referring to claims that they have no way of verifying. Bernie is a saint beyond any reproach to them.
primary today, I would vote for: Joe Biden
uponit7771
(90,355 posts)primary today, I would vote for: Joe Biden
susanna
(5,231 posts)Because that's where the details are.
primary today, I would vote for: Undecided
Eliot Rosewater
(31,113 posts)refuse to release them in 2016.
primary today, I would vote for: Joe Biden
Response to uponit7771 (Reply #11)
Name removed Message auto-removed
uponit7771
(90,355 posts)primary today, I would vote for: Joe Biden
Response to uponit7771 (Reply #37)
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uponit7771
(90,355 posts)... asking me to trust and needless opaqueness isn't
primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)The all important "sources of other income schedule". Bernie may not want people seeing the nature of his investments.
primary today, I would vote for: Joe Biden
rgbecker
(4,834 posts)My copy of the Schedule says its for reporting Interest and Dividends. Period.
"Use Schedule B (Form 1040) if any of the following applies:
You had over $1,500 of taxable interest or ordinary dividends.
You received interest from a seller-financed mortgage and the buyer used the property as a personal residence.
You have accrued interest from a bond.
You are reporting original issue discount (OID) in an amount less than the amount shown on Form 1099-OID.
You are reducing your interest income on a bond by the amount of amortizable bond premium.
You are claiming the exclusion of interest from series EE or I U.S. savings bonds issued after 1989.
You received interest or ordinary dividends as a nominee.
You had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust. Part III of the schedule has questions about foreign accounts and trusts."
primary today, I would vote for: Undecided
uponit7771
(90,355 posts)primary today, I would vote for: Joe Biden
rgbecker
(4,834 posts)primary today, I would vote for: Undecided
Blue_true
(31,261 posts)Yet, none of that is recorded on any of his tax returns. Why does the data that he posted NOT support what he claims about investment income? Could it be that he pulled something out of the posted tax returns? If so, CPAs that look at the returns will find the irregularities, unless Bernie did a smash up job of dotting that i and crossing it's related t.
I just have a nagging suspicion about someone who avidly chose not to disclose that stuff finally putting out information that is at odds with what comes out of his mouth.
primary today, I would vote for: Joe Biden
rgbecker
(4,834 posts)I missed it.
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)We are just going around in circles, you have your candidate, I have questions about him. But if Bernie takes the Democratic Party nomination for President, I won't hesitate one second before getting fully behind him.
primary today, I would vote for: Joe Biden
rgbecker
(4,834 posts)thanks,
primary today, I would vote for: Undecided
question everything
(47,521 posts)primary today, I would vote for: Joe Biden
uponit7771
(90,355 posts)Is there a sight were we can see the taxes he released?
Tia
primary today, I would vote for: Joe Biden
question everything
(47,521 posts)I wonder how many taxpayers reporting more than a million dollars AGI have only 16 pages.
Oh, I get it. 16 pages for 2016, 18 pages for 2018 wonder whether there were 10 pages for 2010.
primary today, I would vote for: Joe Biden
uponit7771
(90,355 posts)primary today, I would vote for: Joe Biden
brooklynite
(94,696 posts)...because it wasn't prepared and filed until 2017.
primary today, I would vote for: Joe Biden
rgbecker
(4,834 posts)There must be something in there that he's hiding. They will continue, apparently, until November, 2020.
Very sad to see such shit on the DU.
primary today, I would vote for: Undecided
question everything
(47,521 posts)but he was hiding his 2015, and 2013 and 2012 etc.
And even his 2014 did not have all the accompanied schedules
primary today, I would vote for: Joe Biden
Hortensis
(58,785 posts)"millionaire" a lot earlier. But those followers who approved his attacks on the Democratic Party and have never seen a need to excuse or forgive any of his behaviors didn't need him to do that for them.
Whether they came to him from the left right or left, he is their leader against the giant coalition of other groups that is the Democratic establishment. That's who he is to them, and those types care only that their chosen leader wins.
primary today, I would vote for: Joe Biden
awesomerwb1
(4,268 posts)The rhetoric changed from "millionaires and billionaires" to just "billionaires" once he became a millionaire.
primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)The clever phrasing and lack of opaqueness by Bernie worked to his advantage until it was clear that he could no longer use the opaqueness. I think that is one reason we "found out" that he was a millionaire BEFORE he released his years long tax returns, WITHOUT the dividends and interest and other income schedule (that would show his investment holdings). I wonder why he left those out.
primary today, I would vote for: Joe Biden
Eliot Rosewater
(31,113 posts)primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)on what they do with their money.
primary today, I would vote for: Joe Biden
mountain grammy
(26,644 posts)he may give anonymously or not keep records of donations and not deduct them.
I think he criticizes other rich people, not about giving to charity which is redistributed privately, but about not paying enough in taxes, which is redistributed to the public. Maybe he doesn't claim donations so he'll pay more in taxes because he actually believes the wealthier you are, the more taxes you should pay. He's a pretty common man.. why we love him.
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)To your point that he could give and not report it, couldn't Bezos and other rich people that Bernie pillors also do the same?
primary today, I would vote for: Joe Biden
mountain grammy
(26,644 posts)or they might bribe someone to get their kids into college and take that as a charitable deduction, which some did.
The point is Bernie has always said the rich dont pay enough taxes and hes right and we all know that.
primary today, I would vote for: Undecided
Autumn
(45,120 posts)the details for you.
Elizabeth Warren: 5.5 percent.
Jay Inslee: 4.1 percent
Bernie Sanders: 3.4 percent
Amy Klobuchar: 1.9 percent
Kirsten Gillibrand: 1.7 percent
Kamala Harris: 1.4 percent
Beto ORourke: 0.31 percent.
The Democratic 2020 hopefuls have started releasing their tax returns in the name of transparency (how quaint!), and among other information about their finances, its giving us an opportunity to learn a bit about their charitable giving habitswhich in some cases are frankly a bit stingy.
Credit to the Washington Post for scouring the candidates returns for this info, which they published on Tuesday. First, heres how much of their total income candidates gave away, from most generous to least. All numbers are for last year, unless otherwise noted.
But as for the other candidates? For their income, Sanders, Inslee and Warren are all somewhat above average givers by U.S. standards. The others are a bit below average. Based on IRS data, the Tax Policy Center shows that Americans who earn between $100,000 and $500,000 contribute about 2.9 percent of their adjusted gross income to charity; those who earn $500,000 and $2 million give about 3.1 percent. (The Posts calculations are based on total income, not AGI, which is your income after subtracting away certain deductions. The candidates giving would probably be slightly higher as a percentage of AGI, but you still get the idea.)
https://slate.com/business/2019/04/beto-orourke-democratic-candidates-tax-returns-charitable-giving.html
to this OP for the WP link
https://www.democraticunderground.com/128773043
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)Amy Klobuchar and Kirsten Gillibrand ARE NOT REMOTELY AS RICH AS Bernie. Since Bernie is always bashing the rich, maybe he should on occasion give more.
primary today, I would vote for: Joe Biden
BlueFlorida
(1,532 posts)As various expert CPAs comb through them, wait for more revelations.
primary today, I would vote for: Joe Biden
rgbecker
(4,834 posts)primary today, I would vote for: Undecided
namahage
(1,157 posts)that would have shown his finances up to May 2016.
He did, after all, get a pretty big advance for his book--detailed in his Senate financial filings for 2016.
So what happened to this disclosure form? Why, he delayed it for 45 days.
Then delayed it again.
Then--oops! He was no longer a candidate, so too bad, so sad, not filing.
Could that form--which Clinton and even Trump managed to file with no extensions requested--have painted a different picture of his finances at a time when he needed to push his "poor Senator" persona?
primary today, I would vote for: Undecided
Autumn
(45,120 posts)primary today, I would vote for: Undecided
question everything
(47,521 posts)I find it strange that presidential candidates will not check this box
primary today, I would vote for: Joe Biden
Autumn
(45,120 posts)primary today, I would vote for: Undecided