Bernie Sanders’ campaign escalates feud with top liberal think tank

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Sanders faced pressure to release his returns this year as Democrats have increasingly made an issue of US President Donald Trump's refusal to release returns.

The Democratic presidential front-runner had promised 10 years of his tax returns would be released Monday.

Ranging through topics from abortion to defense spending, poverty to wealth taxes, Sanders returned to his definition of what it means to be a socialist.

Sanders's tax returns are likely to show he's become a millionaire in recent years, which he attributes to a best-selling book he authored. He made no apologies for his financial well-being, telling the New York Times recently that "if you write a best-selling book, you can be a millionaire, too".

"I think there was some interpretation left to 'soon, ' which I, in retrospect, would've loved to have alleviated by being a little bit more clear about when it was coming", Shakir said.

Sanders said conservatives and right-wing news outlets have "excitedly" re-published any and all reports critical of himself and other progressive candidates.

The effective rates and income both represent substantial increases from 2014, which was the past year of tax returns publicly released by the candidate, when he earned $205,617 and paid a 13.4% effective rate.

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The New York real estate tycoon refused to do so during the 2016 campaign, saying that he was under audit, but the Internal Revenue Service has said this is no impediment to their release.

Sanders' decision to run for president in 2015 ultimately led to an increase in their bottom line - which jumped from $240,622 in 2015 to $1,073,333 a year later. "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", Sanders added.

Sanders faced criticism for only releasing his 2014 returns during his 2016 Democratic primary battle with Hillary Clinton, a millionaire whom he often derided for giving paid speeches to Wall Street.

He also complained about a video which noted that Sanders had dropped his trademark denunciation of "millionaires and billionaires" after making his first million, switching instead to "billionaires".

Sanders released his tax returns on tax day, the deadline for most Americans to file their tax returns. The impact of his book contracts is most evident in Sanders' return for 2017, when he and his wife reported wages of US$139,549 and business income - most of it from books - of US$961,784. "Hey President Trump, my wife and I just released 10 years". Amy Klobuchar of Minnesota released 12 years of tax returns through 2017 earlier this month. Senator Kirsten Gillibrand and her husband earned about US$215,000 in 2018.

The Sanders campaign said in a press release that he paid 26 per cent effective tax rate in 2018. His effective tax rates in 2016 and 2017, his other high-earning years, were 35 percent and 30 percent, respectively.