Sen. Bernie Sanders (I-Vt.) and President Donald Trump have at least one thing in common: neither man has been forthcoming with his tax returns.
Socialistic former presidential candidate Sanders is nowhere near as wealthy as Trump, but thanks to a $795,000 advance for his best-selling book, “Our Revolution”, he earned more than $1 million in 2016.
According to Sanders’ latest U.S. Senate financial disclosure–which he filed Sunday after a 20-day extension–in addition to the aforementioned royalties, he brought in another $63,750 for his next book, titled “Bernie Sanders’ Guide to Political Revolution”. Co-authored with Kate Waters, the book targets youngsters.
He also earned $6,735 in royalties for his 1997 memoir “Outsider in the House.” In addition to that, Sanders received $2,521 in royalties for his 1987 spoken-word folk album, “We Shall Overcome.”
In other words, Sanders made $865,000 selling books about socialistic ideologies.
Sanders’ government salary totals approximately $174,000 a year. Along with his book royalties, the public servant made roughly $1,052,000 in 2016.
And then there’s the fact that publisher St. Martin’s Press paid all expenses for Sanders’ national book tour last November and December, in which he traveled to 12 states and the District of Columbia to peddle his written thoughts about social justice and free college.
A nice cache of retirement mutual funds held in the name of his wife, Jane O’Meara Sanders, could be worth between $192,000 and $815,000, but since the Senate only requires disclosure within broad dollar ranges, it’s impossible to know the exact amount.
Sanders liabilities include two mortgages: one worth between $250,001 and $500,000, the other worth between $100,001 and $250,000.
After his presidential nomination was thrown to Hillary Clinton, Sanders went out and bought a $575,000 lakefront home in North Hero, Vermont and concealed the lavish purchase behind an entity called the Islands Family Trust. According to his Senate filing, Sanders had to reveal that he is “a co-trustee in a family trust created when we bought a summer home.”
Tax returns would have painted a much clearer picture of the senator’s financial situation, but Sanders only released a summary of his 2014 tax return. According to PolitiFact, of all the candidates for president last year, “Sanders’ releases are less extensive than anybody’s but Donald Trump.”
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