What Amy Klobuchar's newly released tax returns reveal

The presidential hopeful published 12 years of tax returns.
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Sen. Amy Klobuchar in Storm Lake, Iowa, on March 31, 2019.

Sen. Amy Klobuchar in Storm Lake, Iowa, on March 31, 2019.

Sen. Amy Klobuchar published the past 12 years of tax returns on her 2020 campaign website Monday, including a message that says in part, "transparency and accountability are fundamental to good governance."

The returns cover from 2006-2017 – every year she has been a candidate for federal office.

She and husband John Bessler reported an income of $292,306 in that most recent filing, and paid $62,787 in federal taxes - an effective tax rate of 21.5 percent, The Hill reports. Their income came from Klobuchar's Senate salary, and Bessler's work as an attorney and professor.

It's grown steadily since 2006, when she was Hennepin County Attorney and first ran for the U.S. Senate. That year they reported $215,000 in income, paying $42,000 in federal taxes, The Hill reports.

The Washington Post also notes Klobuchar reported an extra $75,000 in income as a writer in 2015, the year she released her memoir “The Senator Next Door.”

You can parse through all of her released tax returns here.

Running for president and releasing tax returns

Klobuchar is the fourth Democratic 2020 hopeful to publicly release tax returns, the Washington Post says, following Sen. Elizabeth Warren of Massachusetts, New York Sen. Kirsten Gillibrand and governor of Washington Jay Inslee.

Klobuchar's decision to release her returns - as well as that message about transparency and accountability being "fundamental to good governance" - is a clear jab at President Donald Trump.

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While running in 2016, candidate Trump promised repeatedly to release his tax returns once an IRS audit was completed. That never happened, and in 2017 Trump walked it back to say he might release them once he's out of office, Politifact says.

While not required, releasing tax returns has become a standard for presidential candidates over the past four decades, CNN explains.

Trump's refusal to do so has led to questions about his business ties and tax schemes, which have been further fueled by guilty pleas and indictments of some of his business and campaign partners.

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