A handful of Democratic candidates for president have released at least 10 years of federal tax returns in an effort to promote transparency and create a contrast with President Donald Trump, who's refused to release his returns both as a candidate and as president.
Here are some of the notable takeaways from the new financial data of Sens. Bernie Sanders of Vermont, Kamala Harris of California, Elizabeth Warren of Massachusetts, Kirsten Gillibrand of New York, Amy Klobuchar of Minnesota, Washington Gov. Jay Inslee and former Texas Rep. Beto O'Rourke:
Sanders, famous for his campaign against the unjust power of the richest 1%, reported an adjusted gross income of $1.06 million in 2016 and $1.13 million in 2017. The bump in income those years was more than four times his income from a year earlier because of his bestselling 2016 book,"Our Revolution."
Gillibrand reported $214,083 in adjusted gross income for 2018 and Klobuchar reported $338,121. O'Rourke has yet to submit his 2018 returns, but reported $366,455 for 2017. On average, those who earn between $1.5 million and $2 million donate around 3.4% of their income to charity, the latest IRS figures show.
Charitable donations can be tracked only after candidates release their returns, a tradition that has continued since former President Richard Nixon was in office -- but some point out that none of this information, which is often scrutinized, is required to be provided by law. "None of these folks are seemingly cheating or getting away with anything," he told ABC News after reviewing the returns made public by the campaigns.
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