Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

misterhighwasted

(9,148 posts)
Fri Apr 1, 2016, 08:49 PM Apr 2016

HILLARY GROUP: Why Hasn’t Bernie Sanders Released His Tax Returns? (Or Cruz Or Kasich, Either…)

Why Hasn’t Bernie Sanders Released His Tax Returns? (Or Cruz Or Kasich, Either…)

SNIP
"But those proclaimed disclosures were neither accurate nor honest. None of those candidates has released even a single tax return.

What they made public instead was merely a summary known as IRS Form 1040. That form is no more a tax return than the Preamble is the Constitution.

No, a tax return is the entire document filed with the IRS – the forms, schedules, and statements that reveal the numbers and calculations about income, deductions, and tax liabilities behind the summary information on Form 1040. Without the full tax return, the public cannot know sources of income, justifications for deductions, or how aggressively tax law was applied to reduce the income tax due.

History tells us that disclosing complete tax returns, not just a summary form, is vital to determining a president’s trustworthiness. It was only 45 years ago that (freshly “resigned”) Vice President Spiro Agnew plead guilty to one count of tax evasion, making him a felon. Without the action of an IRS employee who illegally leaked President Nixon‘s 1969 through 1972 tax returns, we would never have known about the tax crimesin which the president was an unindicted co-conspirator, and for which one of his advisorsplead guilty. If all we had were Nixon’s and Agnew’s Form 1040s, their tax crimes would have remained unknown."

SNIP
"As for Sanders, the single Form 1040 he released raises more questions than it answers, especially since the junior senator from Vermont has a history of making incomplete and misleading financial disclosures.

In 2014, he reported an adjusted gross income of $205,271, most of it from his Senate salary.

What appears unusual are his itemized deductions, totaling $56,377, a whopping 27.4 percent of his income. People in his income class of $200,000 to $500,000 on average take 15.6 percent of their income as deductions, while those in the $100,000 to $200,000 range averaged 18.8 percent. Both averages are far below the Sanders itemization rate.

Sanders and his wife paid $27,653 in federal income tax, or 13.4 percent of their adjusted gross income.

When I tried to look more closely at Sanders’ taxes, Michael Briggs, the chief spokesman for his campaign, sent a statement that is simply not true, although he may not have understood why at first. In an email, Briggs wrote that Sanders and his wife Jane “made public his federal and state income tax returns last year when he became a candidate for president and intends to do so again this year.”

....That background raises difficult questions about Briggs’ responses, which i tried to explore despite his failure to answer follow-up questions. 

SNIP
"
Mark Lippman of Daily Koswas evidently the first to report the Vermont senator’s incomplete disclosures. He also noted that the value of Jane Sanders’ “retirement accounts appreciated in value from $285,000 in 2011 to $481,000 in 2014.” Nothing wrong there, by the way, though readers may find the 68.8 percent increase puzzling because Lippman failed to give context. The broad stock market rose 64 percent during that period, indicating the big gain was basically owed to stock market returns, plus about $400 a month in additional deposits to Ms. Sanders’ retirement portfolio.

Why Sanders would play games with his income taxes is a mystery.

MORE:
Very interesting read.
http://www.nationalmemo.com/why-hasnt-bernie-sanders-released-his-tax-returns/

Armando ‏@armandodkos

Kudos to Pulitzer winner @DavidCayJ for crediting Daily Kos member Mark Lippman
in his story on Sanders tax returns.




13 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
HILLARY GROUP: Why Hasn’t Bernie Sanders Released His Tax Returns? (Or Cruz Or Kasich, Either…) (Original Post) misterhighwasted Apr 2016 OP
Too busy yammering lies about Hillary? Cha Apr 2016 #1
And spending $16 mill on his social media army of censorship misterhighwasted Apr 2016 #2
Feel the Math Cha Apr 2016 #5
Love her to pieces. I can't wait till she is Madem President of the U.S.A. misterhighwasted Apr 2016 #6
BS - Release those taxes! K&R fleabiscuit Apr 2016 #3
..YES YES. Release those Taxes bernie sanders. misterhighwasted Apr 2016 #4
lol Iamaartist Apr 2016 #7
"The Taxman Cometh" misterhighwasted Apr 2016 #8
lol Iamaartist Apr 2016 #9
Campaign headquarters: "its getting hot in here!" misterhighwasted Apr 2016 #10
yeah Release the taxes BS! Her Sister Apr 2016 #11
K & R SunSeeker Apr 2016 #12
K&R! DemonGoddess Apr 2016 #13

misterhighwasted

(9,148 posts)
2. And spending $16 mill on his social media army of censorship
Fri Apr 1, 2016, 09:03 PM
Apr 2016

I know the FEC also wanted some answers to his unaccounted -for campaign donations from LAST month.
This FEC deadline was yesterday. 3-31.

We'll be keeping a steady watch for the results.

Is it me, or does the bernie campaign seem to be fraying at the seams?

Hey Cha!
Getting close to the delegate end & Hillary is standing stronger than ever against the boys club.
Bless her strong generous heart.
We'll get her there..


Iamaartist

(3,300 posts)
7. lol
Fri Apr 1, 2016, 09:28 PM
Apr 2016

Taxman
By The Beatles

Let me tell you how it will be
There's one for you, nineteen for me
'Cause I'm the taxman, yeah, I'm the taxman

Should five per cent appear too small
Be thankful I don't take it all
'Cause I'm the taxman, yeah I'm the taxman

:

Latest Discussions»Retired Forums»Hillary Clinton»HILLARY GROUP: Why Hasn’t...