Bernie Sanders earned $205,000 in 2014

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Earlier today I noted that someone who earns $200,000 pays an average federal income tax rate of 15 percent. Well, it turns out that Bernie Sanders is really, really average. He released his 2014 tax return tonight, and it reports that he had an adjusted gross income of $205,617 and total taxes due of $27,653. That’s 13 percent of his income.

Oddly, his return shows total wages of $156,441, even though US senators earn a minimum of $174,000. I’m not sure what the explanation for this is. He also shows charitable contributions of $8,350, which is 4 percent of his income. He’ll get some flak for that, I suppose, but I find all the showiness of politicians about their charitable donations to be tiresome. Whatever it is, it’s fine.

I just want to know why his reported wages were less than his official salary. Does the Senate pay less if you collect Social Security benefits?

UPDATE: In comments, machev suggests that Bernie contributes $17,500 to the federal equivalent of a 401(k). So his reportable income is $174K – $17.5K = $156.5K

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WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

Because the in-depth journalism on underreported beats and unique perspectives on the daily news you turn to Mother Jones for is only possible because readers fund us. Corporations and powerful people with deep pockets will never sustain the type of journalism we exist to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

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Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

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