September 08, 2020 / By mobanmarket
Sen. Cory BookerCory Anthony BookerRand Paul introduces bill to end no-knock warrants Black lawmakers unveil bill to remove Confederate statues from Capitol Harris grapples with defund the police movement amid veep talk MORE (D-N.J.) on Wednesday became the latest Democratic presidential candidate to release his tax returns, a move that comes amid growing scrutiny over President TrumpDonald John TrumpSenate advances public lands bill in late-night vote Warren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases Esper orders ‘After Action Review’ of National Guard’s role in protests MORE’s finances.
Booker released 10 years of tax returns on his campaign web site, following in the footsteps of 2020 Democratic rivals and fellow senators Bernie SandersBernie SandersThe Hill’s 12:30 Report: Milley apologizes for church photo-op Harris grapples with defund the police movement amid veep talk Biden courts younger voters — who have been a weakness MORE (I-Vt.), Elizabeth WarrenElizabeth WarrenWarren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases OVERNIGHT DEFENSE: Joint Chiefs chairman says he regrets participating in Trump photo-op | GOP senators back Joint Chiefs chairman who voiced regret over Trump photo-op | Senate panel approves 0B defense policy bill Trump on collision course with Congress over bases with Confederate names MORE (Mass.), Kamala HarrisKamala Devi HarrisRand Paul introduces bill to end no-knock warrants The Hill’s Campaign Report: Biden campaign goes on offensive against Facebook McEnany says Juneteenth is a very ‘meaningful’ day to Trump MORE (Calif.) and Kirsten GillibrandKirsten GillibrandWarren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases Warren, Pressley introduce bill to make it a crime for police officers to deny medical care to people in custody Senate Dems press DOJ over coronavirus safety precautions in juvenile detention centers MORE (N.Y.).
Sen. Amy Klobuchar (Minn.), former Rep. Beto O’Rourke (Texas) and Washington Gov. Jay Inslee have also released at least 10 years of tax returns
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The returns from 2020 contenders are being released amid a push by Congressional Democrats to obtain Trump’s tax returns from the IRS.
Trump has said he doesn’t want to voluntarily release his tax returns while under audit, and the Treasury Department on Tuesday missed a second deadline from House Democrats to provide them with the president’s returns.
Booker’s returns showed him earning $152,715 in income last year, almost all of it coming from his wages as senator.
He had total taxes of $22,781, and an effective tax rate of 14.9 percent.
Booker also donated $24,000 to charity in 2018, or 15.7 percent of his income. Booker donated a much higher percentage of his income to charity in 2018 than other candidates have.
The senator had reported much higher income in 2017, after his income was boosted by $275,250 from royalties. That brought his total income and adjusted gross income to $429,983 for 2017.
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Booker released the hardcover version of a book in 2016, and the paperback version of the book in 2017.
He ended up paying $119,701 in taxes in 2017, and donated $20,275 to charity. His effective tax rate for 2017 was 27.8 percent.
Booker is not married and completed his tax returns as a single filer. All of the other presidential candidates who have released their tax returns so far filed their returns jointly with their spouses.
— Updated at 6:43 p.m.
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