EXCLUSIVE: 2020 Dem Andrew Yang releases tax returns

[brooklynite]

The Hill


Democratic White House hopeful Andrew Yang released eight years of his tax returns Wednesday ahead of the Thanksgiving holiday.

Yang released the returns for 2011 to 2018, the period after he created Venture for America, which offers two-year fellowships to help recent college graduates work at startups. The returns don’t include the period when he worked at a series of startups. Yang filed the tax returns jointly with his wife, Evelyn, whom he married in 2011.

The Yang campaign told The Hill that it decided to release Yang’s tax returns starting in 2011 because the founding of Venture for America was “a good milestone in his timeline.”

Yang’s 2018 federal tax return reported adjusted gross income of $121,418 and total taxes of $16,581, for an effective tax rate of 13.7 percent. Much of his income came from his writing and speaking, capital gains, and income from rental real estate and royalties.

Yang claimed the standard deduction at the federal level for 2018 but itemized his deductions on his New York state tax return. The state tax return reported charitable contributions of $4,186.

[W_HAMILTON]

1. About time.

What does his excuse about not releasing ten year's worth of tax returns mean? I don't follow. I just looked at the earliest tax return he released and he was selling hundreds of thousands of dollars worth of what looks to be stock and tens of thousands of dollars in interest and dividend income. Given that ten year's seems to be the standard for our candidates, it would have been nice for him to at least have met that threshold given that he apparently made a lot of money before 2011 (the earliest tax return he released).