Kamala Harris releases 15 years of taxes, reveals $2 million income; Sanders to release his Monday

  • In Business
  • 2019-04-14 19:29:36Z
Kamala Harris releases 15 years of taxes, reveals $2 million income; Sanders to release his Monday
Kamala Harris releases 15 years of taxes, reveals $2 million income; Sanders to release his Monday  

Sen. Kamala Harris joined the ranks of 2020 Democratic presidential candidates who have shared their tax returns, releasing 15 years of filing Sunday.

The returns date back to her tenure as the district attorney for San Francisco and when her total income of $144,000 consisted almost entirely of her salary.

The California Democrat's income jumped substantially after her marriage to attorney Douglas Emhoff. The couple began filing jointly in 2014 and showed a total income of more than $2 million for 2018. She and Emhoff paid more than $2.2 million in taxes over the past five years with an average effective tax rate of more than 32%. Most of the money comes from Emhoff's practice. He reported more than $1 million in income in each of their joint returns.

None of Harris' primary opponents has released as many years of returns, which the Harris campaign said makes "her the most transparent candidate in the field when it comes to information about her personal finances."

Vermont's Sen. Bernie Sanders said he will release 10 years worth of returns Monday.

Other Democratic candidates who have released their tax returns include Washington Gov. Jay Inslee, Sens. Kirsten Gillibrand of New York, Amy Klobuchar of Minnesota and Elizabeth Warren of Massachusetts. Gillibrand and Inslee released 12 years of returns from 2007 to 2018, Warren released 11 years from 2008 to 2018 and Klobuchar released 12 years from 2006 to 2017.

Former Texas Rep. Beto O'Rourke and former Secretary of Housing and Urban Development Julián Castro said they would disclose their tax returns, The Texas Tribune reported. New Jersey Sen. Cory Booker - who released 15 years of taxes during his 2013 Senate campaign - and South Bend, Indiana, Mayor Pete Buttigieg also pledged to release their returns.

Democrats derided President Donald Trump's refusal to make his tax returns public. Since the 2016 campaign, Trump has said he would share them but cannot because he is under audit, even though IRS officials said being under audit would not prevent such a disclosure.

Harris' campaign said Sunday that the release of her tax returns "is a stark contrast with President Trump" and that she "supports congressional legislation requiring a president's tax returns to be made public."

House Ways and Means Committee Chairman Richard Neal, D-Mass., asked the IRS to hand over six years of Trump's tax returns, citing a law that says the Treasury Department "shall furnish" the committee with "any return or return information" upon request. Trump's attorneys argued the release requires "legitimate legislative purpose."

Last week, Treasury Department Secretary Steven Mnuchin told Neal the department would not be able to review his request in time to meet his initial deadline of April 10.

Mulvaney: White House chief of staff vows that Democrats will 'never' see Donald Trump's tax returns

More: Treasury Department says it won't hand over Trump's tax returns on time, asks for extension

Saturday, Neal wrote a letter to IRS Commissioner Charles Rettig setting a new deadline of 5 p.m. April 23. "If you fail to comply, your failure will be interpreted as a denial of my request," Neal said.

Neal said the law is "unambiguous and raises no complicated legal issues" and "it is not the proper function of the IRS, Treasury, or Justice to question or second guess the motivations of the Committee."

He said, "Concerns about what the Committee may do with the tax returns and return information are baseless."

This article originally appeared on USA TODAY: Kamala Harris releases 15 years of taxes, reveals $2 million income; Sanders to release his Monday


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