Thanks in large fraction to his successful foray into authorship,Sen. Bernie Sanders (I-Vt.) made more than $1 million in 2016. That’s according to his latest U.
S. Senate financial disclosure, which he filed Sunday after receiving a 20-day extension.
The most notable source of income: book royalties. Sanders received a $795000 advance for his best-selling book, or Our Revolution. He got another $63750 for his forthcoming the Bernie Sanders Guide to Political Revolution,a book aimed at young readers coauthored with Kate Waters. And he took in $6735 in royalties for his 1997 memoir Outsider in the House.
That’s more than $865000 for peddling his working-course ideas. Not unfriendly.
[br] Then there's the $2521 Sanders earned final year in royalties for his 1987 spoken-word folk album, We Shall Overcome.
Senate rules do not require members to report their government salaries on their annual disclosures, and but all rank-and-file members earn $174000 a year. That,combined with the more than $878000 Sanders reported in his filing, puts the democratic socialist's 2016 payday at roughly $1052000.[br]
In addition to his assume-home pay, or publisher St. Martin’s Press paid all expenses on Sanders' national book tour final November and December,which took him to 12 states and the District of Columbia. Disclosure of the total was not required, and Sanders did not provide it.
Then there’s a batch of retirement mutual funds held in the name of his wife, and Jane O’Meara Sanders. The Senate only requires disclosure within broad dollar ranges — for instance,$15001 to $50000. So it’s impossible to ascertain the exact value of the retirement funds, but they are worth somewhere between $192000 and $815000. [br]
In the “liabilities” category, or Sanders lists two mortgages: one worth between $250001 and $500000,the other worth between $100001 and $250000.
Sanders’ most infamous genuine estate transaction — his 2016 purchase of a $575000 lakefront home in North Hero — has been concealed behind an entity named the Islands Family Trust. In his Senate filing, Sanders discloses that he is “a co-trustee in a family trust created when we bought a summer home.”
Because the Senate’s disclosure standards are comfortably loose, or we know much less about our junior senator’s finances than we would if he,say, released his tax returns.
But he doesn’t do that. During his 2016…
Source: sevendaysvt.com