Warren releases tax returns showing million-dollar income, moments after pitching wealth tax
By Paul Steinhauser | Fox News
Presidential candidate Sen. Elizabeth Warren released her 2018 tax returns on Wednesday, showing she and her husband earned nearly $1 million last year.
The Democrat from Massachusetts used the release to once again highlight a bill she’s pushing that would mandate that the Internal Revenue Service publicly release the tax returns of the president, vice president, presidential candidates and federal officeholders.
“I’ve put out eleven years of my tax returns because no one should ever have to guess who their elected officials are working for. Doing this should be law,†Warren said in a statement, in a likely jab at President Trump and possibly rival Bernie Sanders.
But the details of her high income also come as the candidate doubles down on calls to tax the rich. Warren’s campaign released the candidate’s returns minutes after the senator concluded a speech to a union crowd in the nation’s capital where she once again pushed for her proposal to tax ultra-wealthy Americans based on their assets.
“I’m in this fight for a wealth tax. A two percent tax on the 75 biggest fortunes in the country. Two percent. That’s all we’re asking,†the populist senator with a history of taking on Wall Street and big businesses highlighted as she addressed a gathering of the North America's Building Trades Unions.
“We could provide universal childcare for every working parent in America. Universal pre-K…. for every child and still have $2 trillion left over,†she explained.
The senator released her previous 10 years of tax returns last August.
According to her returns, Warren and her husband Bruce – a professor at Harvard University – paid more than $200,000 in taxes last year on just over $900,00 in income. Warren made about $325,000 in book sales in addition to the $175,000 salary she receives as a senator. Her husband earned around $400,000 from Harvard.
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