Socialist Sanders' tax returns show millionaire status

Self-described Democratic socialist Bernie Sanders, the 2020 presidential candidate who has long assailed America's growing income inequality, released 10 years of tax returns Monday that confirm his newfound status as a millionaire.

The senator, who routinely rails against "millionaires and billionaires" and the "rigged" economic system that protects their standing, saw his income spike on royalties from sales of his book, "Our Revolution," published shortly after his 2016 race for the Democratic nomination.

According to tax returns released by the Sanders campaign, Sanders had an adjusted gross income of $561,293 in 2018, $1,131,925 in 2017 and $1,062,626 in 2016.

His 2015 income was substantially less, at $240,622, the returns showed.

"These tax returns show that our family has been fortunate. I am very grateful for that, as I grew up in a family that lived paycheck to paycheck and I know the stress of economic insecurity," Sanders said in a statement.

"I consider paying more in taxes as my income rose to be both an obligation and an investment in our country."