Sen. Bernie Sanders I-Vt, saved nearly $40,000 in 2018 under the Republican tax law passed in 2017 compared with what would have happened if his 2016 proposed tax legislation was enacted.
The 2020 candidate for president released 10 years of tax returns on Monday, showing he earned more than $1 million in income in 2016 and 2017.
The Washington Free Beacon conducted an investigation on the senator’s taxes, hinging on an analysis by the right-leaning Tax Foundation of Sanders’ tax proposal, which showed Sanders would owe around $38,000 more in taxes if his 2016 proposed tax legislation was enacted.
The Congressional Joint Committee on Taxation reported that the GOP tax law, which was a top priority for President Trump, had cut taxes at least $100 for 65% of Americans this year.
Sanders’ tax returns indicate he could be a millionaire, which critics saw as ironic because of his scathing rhetoric about “millionaires and billionaires.” He accredited his wealth to the successful sales of his book.
“I don’t vilify,” Sanders said during a Fox News town hall this week after being pressed on his past statements about a “rigged economy” that benefits the country’s top 1% of earners.
