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LiberalFighter

(50,046 posts)
Fri Apr 15, 2016, 07:33 PM Apr 2016

Bernie Sanders Just Released His Tax Returns. (2014)

Tax Return Courtesy of Mother Jones

Items that caught my eye and wonder if they are questionable.

He claimed exactly $8,000 for charity (amounts under $200) with an additional $350.

$ 4,900 -- Business Income

$56,377 -- Itemized Deductions

Paid Preparer -- Self-Prepared

$9,666 --- State & Local Income Taxes

$14,843 -- Real Estate Taxes

$22,946 -- Mortgage interest

Tax Preparation Fees -- 204
34 replies = new reply since forum marked as read
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Bernie Sanders Just Released His Tax Returns. (2014) (Original Post) LiberalFighter Apr 2016 OP
As it's a joint return DemonGoddess Apr 2016 #1
I'm assuming the $4,982 is his pension. LiberalFighter Apr 2016 #2
No, I'm talking about hers DemonGoddess Apr 2016 #3
Must not be there. LiberalFighter Apr 2016 #5
i just found the social security amount. DesertFlower Apr 2016 #22
no. i just looked his social security was DesertFlower Apr 2016 #23
So Jane was able to find it even though she is in Vatican City? SunSeeker Apr 2016 #4
So did Jane do the return herself or did someone else? LiberalFighter Apr 2016 #6
the return says SELF prepared DemonGoddess Apr 2016 #7
I know. LiberalFighter Apr 2016 #12
but you have to pay for state, and then to file some returns spooky3 Apr 2016 #9
Turbo tax does state taxes also. Thinkingabout Apr 2016 #14
I have to pay more to file them, though. spooky3 Apr 2016 #16
Yes you have to purchase the state tax program Thinkingabout Apr 2016 #17
Jane lists TLLRWD Commissioner as her business. LiberalFighter Apr 2016 #8
Yes, she is on the board, wonder how she got that position. Thinkingabout Apr 2016 #18
isn't geek a tax preparer? DemonGoddess Apr 2016 #10
Since it doesn't include a complete itemization... yallerdawg Apr 2016 #11
That is a lot of mortgage interest at this stage in one's life. spooky3 Apr 2016 #13
That stuff looked a little curious, too.... George II Apr 2016 #26
In another thread Andy823 Apr 2016 #28
Precisely. The two just don't match up - that disclosure and his tax return. Plus, those 7 pages.. George II Apr 2016 #29
Also, in the Politico story they rent their house in Vermont question everything Apr 2016 #33
PDF same Iamaartist Apr 2016 #15
Some are saying he's paying 13.4% Her Sister Apr 2016 #19
$22,946 mortgage interest. DesertFlower Apr 2016 #20
he probably took out an equity loan, and that is why it is so high still_one Apr 2016 #21
at that age i'd be worried about DesertFlower Apr 2016 #24
Someone else mentioned that possibility, but equity loan for what? Are they frivolous spenders? George II Apr 2016 #30
You are looking at a man in dire need of an audit jmowreader Apr 2016 #25
Or he's a typical 1%-er and has money invested overseas. George II Apr 2016 #31
That's possible but unlikely jmowreader Apr 2016 #34
today is the 15th. time for us to DesertFlower Apr 2016 #27
This year tax returns are due on April 18. I'm sure Janie will get on it as soon as they get back.. George II Apr 2016 #32

DemonGoddess

(4,640 posts)
3. No, I'm talking about hers
Fri Apr 15, 2016, 07:42 PM
Apr 2016

Where is the rest of her income? What about investments and interest (form 4952)?

DesertFlower

(11,649 posts)
23. no. i just looked his social security was
Fri Apr 15, 2016, 10:17 PM
Apr 2016

$46,213. that makes sense. comes out to $3851 a month. that would be for both of them.

LiberalFighter

(50,046 posts)
6. So did Jane do the return herself or did someone else?
Fri Apr 15, 2016, 07:50 PM
Apr 2016

They list $204 for tax preparation fee. $110 is the highest package for TurboTax.

spooky3

(34,049 posts)
16. I have to pay more to file them, though.
Fri Apr 15, 2016, 09:17 PM
Apr 2016

And it's possible they had to file in more than one state.

In any case I'm more concerned about the housing deductions, which don't make sense to me.

LiberalFighter

(50,046 posts)
8. Jane lists TLLRWD Commissioner as her business.
Fri Apr 15, 2016, 07:54 PM
Apr 2016

If she is a commissioner for a government commission is that the proper place to put it?

BTW the TLLRWD Commission is the Texas Low Level Radioactive Waste Disposal Compact of which she is a member. Check the link for commissioners.

yallerdawg

(16,104 posts)
11. Since it doesn't include a complete itemization...
Fri Apr 15, 2016, 07:55 PM
Apr 2016

and it's only one year - the year he decided to make a run for president - I am very skeptical.

This is a career politician, decades in Washington.

What is he hiding?

spooky3

(34,049 posts)
13. That is a lot of mortgage interest at this stage in one's life.
Fri Apr 15, 2016, 07:57 PM
Apr 2016

Does he really have 3 houses? It sure looks like it from the MI and RET.

Probably $5K or so of real estate taxes are for the DC condo. I can't imagine that Vermont taxes are $9K unless it is a VERY expensive house, so that probably also suggests a third house.

No rental income or loss is reported, so he apparently did not rent any of the three properties. That's a little strange.

According to this, he may have sold one home. But it claims he has only $80K of mortgage debt remaining (though in another place it implies he has a first mortgage on the same property for about $400K). If it's only $80K, the mortgage interest would be MUCH less than $22K. If they had rented the home they sold, and it was not their primary residence, then they should have reported the sale if they sold it in 2014. Maybe they sold it in 2015 or 2016?

https://sandersguideblog.wordpress.com/2016/03/07/sanders-finances-bring-a-shovel/

I sure wish he would come clean. Too many variables in this.

George II

(67,782 posts)
26. That stuff looked a little curious, too....
Fri Apr 15, 2016, 10:33 PM
Apr 2016

He presumably has a condominium in Washington, but Forbes reported that his mortgage was no more than $100,000, and he's been living in his Vermont house for about 40 years. So, $23,000 for interest is curious.

Forbes also said that they have "rental property" in Vermont, but no rental income reported?

That $4900 in "business income" is Janie's income as a Commissioner in Vermont (probably the commissioner job where she tried to send Vermont's toxic waste to that small Texas town near the Mexican border)

Another curious item is "unreimbursed meals and entertainment" of $9,000.

All things considered, although some items are high there's nothing grossly out of line. But, what is mysterious is what they've done with their money for the last 25 years. He earned around $5 million as a Congressman and Senator, and she earned in the order of $100,000 a year for the 7 years she was President of Burlington College and got $200,000 severance pay when she left.

So, that's income of around $6 million in 25 years, and they have at least two real estate properties, yet their so-called "net worth" is only $850,000 maximum.

So where is all that money? I normally wouldn't care, but his whole campaign is based on doing away with tax shelters, the "rich paying their fair share", "1%-ers", etc.

So, here we are with all these questionable finances AND they go for a jaunt to Rome at a cost of hundreds of thousands of dollars ("bill it to the campaign, folks&quot .

Very very suspicious if you ask me. And beyond suspicious, highly hypocritical!

Andy823

(11,495 posts)
28. In another thread
Fri Apr 15, 2016, 10:49 PM
Apr 2016

You posted this link: http://pfds.opensecrets.org/N00000528_2015_Pres.pdf

It shows investments Bernie listed if I am correct. The problem is I looked at his taxes that his gang posted on DU and for the life of me I can't seem to find where he claimed any dividend income on his return, nor any capital gains. The boxes were not checked.

Maybe I am missing something but when I do my taxes, and I use Turbo tax also, I input my investment accounts, and the dividends I made are listed there, as well as capital gains. How can he have those funds, yet not make any dividends or capital gains on them? They state it was from 2014 which is the year on the tax papers I saw.

George II

(67,782 posts)
29. Precisely. The two just don't match up - that disclosure and his tax return. Plus, those 7 pages..
Fri Apr 15, 2016, 10:55 PM
Apr 2016

....STILL are not their complete tax return.

question everything

(47,060 posts)
33. Also, in the Politico story they rent their house in Vermont
Fri Apr 15, 2016, 11:19 PM
Apr 2016

so whee is Schedule E?

Or do they now live there?

DesertFlower

(11,649 posts)
20. $22,946 mortgage interest.
Fri Apr 15, 2016, 10:04 PM
Apr 2016

at his age you would think the morgage would be paid. how high is the mortgage? must be a really nice house.

kind of cheap on charity too especially for someone who cares about the poor.

DesertFlower

(11,649 posts)
24. at that age i'd be worried about
Fri Apr 15, 2016, 10:19 PM
Apr 2016

something so high. but senators get really big pensions, don't they?

George II

(67,782 posts)
30. Someone else mentioned that possibility, but equity loan for what? Are they frivolous spenders?
Fri Apr 15, 2016, 10:58 PM
Apr 2016

Remember, according to his disclosure form he has $25-65K in credit card debt.

jmowreader

(50,349 posts)
25. You are looking at a man in dire need of an audit
Fri Apr 15, 2016, 10:28 PM
Apr 2016

He made over $200,000 in 2014, doesn't spend money, and only made eleven dollars in taxable interest plus two dollars in dividends? Either (1) he's got a weed habit that'd put Willie Nelson to shame, (2) Jane Sanders set the world's land speed record for picking bad stocks, or (3) he's full of shit. (1) probably isn't the case; he'd smell like a tire fire if it was. (2) is possible; Bennington College almost went under thanks to Jane's investment acumen. But I gotta go with (3).

jmowreader

(50,349 posts)
34. That's possible but unlikely
Fri Apr 15, 2016, 11:42 PM
Apr 2016

In the no-secrets world we live in, if Bernie had money buried overseas someone would have dropped a dime on him by now.

George II

(67,782 posts)
32. This year tax returns are due on April 18. I'm sure Janie will get on it as soon as they get back..
Fri Apr 15, 2016, 11:01 PM
Apr 2016

....from Roma.

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