Home / Be The Change / Despite Being in the Top 5% of Earners, Bernie Sanders Pays Half the Taxes of the Average Citizen

Despite Being in the Top 5% of Earners, Bernie Sanders Pays Half the Taxes of the Average Citizen

As the November elections loom on the horizon, the presidential candidates have all released their tax proposals on the percentage of your income that they will need to take from you every year to maintain themselves.

While the candidates tout their plans to steal your money, they’ve also revealed how much of their own money goes to the government. The hypocrisy is astonishing.

Following pressure from Clinton, Sanders and his wife, released their full 2014 federal tax return on Friday.

According to his tax plan for everyone else, Sanders establishes four new brackets of 37%, 43%, 48%, and 52%. The top rate applies to taxable income over $10 million. He also raises the rate of all other brackets by 2.2%. If you make $10 million in a year, Bernie Sanders will take $5.2 million — because “free stuff.”

The lowest new bracket proposed by the self-proclaimed socialist is 37 percent. Since Sanders advocates stealing such a significant portion of your income through his new proposals, one would think the Senator would already be paying a similar rate, right? Wrong.

After pulling in $205,000 in 2014, mostly in the form of his taxpayer funded position as a Senator, Sanders and his wife, Jane, paid only $27,653 in federal income taxes — making the couple’s effective federal tax rate 13.5%.

What Sanders’ rate illustrates is the incredible hypocritical ability of politicians. Here is a man, who advocates for taking an enormous portion of your paycheck to fund his programs of “free stuff,” but who doesn’t even contribute as much of his own money to cover these costs.

Sanders is in the top five percent of earners in the country, but his tax rate doesn’t reflect this.

“You’ll get them, yes,” Sanders said in response to Hillary Clinton’s demand for his tax report. “They are very boring tax returns. No big money from speeches, no major investments. Unfortunately – unfortunately – I remain one of the poorer members of the United States Senate.”

Bernie Sanders is correct; he is one of the poorest members of the senate. The median net worth among members of the U.S. Senate in 2014 stood at $2.9 million, according to the Center for Responsive Politics, a non-profit organization that tracks money in politics.

As for Bernie — his public disclosures place his net worth around $300,000 Politico reported. As his “poorness” is a trait to be lauded by his supporters, it speaks to the sheer irresponsible nature of his ability to manage money.

Sanders has made nearly a quarter of a million dollars at his taxpayer-funded job in D.C. every year, for the last two and a half decades, yet he hasn’t managed to save more than $300,000 —  and this is the man who thinks he can ‘balance the budget.’

As Sanders touts his ‘poorness’ while simultaneously calling for more of your paycheck, his deception becomes evident. Bernie is no more a candidate for the people than Hillary Clinton or Donald Trump. As you are told to ‘pay your fair share’ by every one of the presidential candidates, remember that they do everything possible to avoid paying their own.

 

  • Rehjul

    do you not know what facts are, or do you just not care? you never reach a point, never make an actual statement – beyond your clickbait headline.

    • Nossoh

      We don’t see what we don’t WANT to see, and you just don’t WANT to see the clear and lucid points made in virtually. Every. Single. Paragraph.

      What is it about facts that scare the Bernbots so? LOL It’s like the monster lurking under your bed is ‘reality’. Hide under your covers and maybe it won’t get to you!

      • Rehjul

        you also said a lot of nothing, and clearly aren’t bright enough to understand the hypocrisy. people also see what they want to see – or, as some with poor conversational skills might put it – some might see what they WANT to see. please reiterate the points made if there were any

  • lambchowder

    I guess the great thing about free thought is that you’re free to be extremely partial and lambaste people’s finances for not meeting your standards without looking into them. HHAHA look at the loser who can’t even save!!! *sets arbitrary standard for where a retirement ages man’s savings should be, fails to promote evidence of profligate spending, fails to account for illness or injury, fails to account for charitable giving, treats net worth like gross assets – after all we all spend our money in the same way, fails to adjust for prior wage adjustments and inflation, makes no mention on whether Sanders lost money in the 2007 crash, doesn’t even produce a baseline for Sander’s lifestyle* Look ma, I’m a journalist. Can I have some ice cream now?//

  • tman418

    Sanders has made nearly a quarter of a
    million dollars at his taxpayer-funded job in D.C. every year, for the
    last two and a half decades, yet he hasn’t managed to save more than
    $300,000

    Are any and all savings supposed to be disclosed? Even just a plain savings account and/or checking accounts? How do we know this? Honest, friendly question.

    I don’t disagree in the abstract that if you’re living paycheck to paycheck while making more than $100k, something’s wrong. But being a member of Congress requires you to basically have 2 homes: one in DC, the other in your home state/district. I know they get plenty of benefits and compensation and a good health care plan (a health plan that I believe we ALL deserve access to). But they have these benefits BECAUSE it is an expensive job. If they were earning nothing, it would literally be a country run by super rich people with nothing better to do.

    Also, campaigns aren’t cheap, and more often than not, the candidates need to pay off campaign-releated debt, win or lose. Hillary didn’t pay off the campaign debt she accrued in 2008 until 2012!

    I’m just saying that there are many circumstances and probably good reasons why he doesn’t have $300k in savings to sit on.