Article snippet: Democratic White House hopeful MORE 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. 2018 was the first year people filed their taxes under MORE's tax cut law. Tony Nitti, a partner at the accounting firm RubinBrown, said that Yang appears to have paid less in taxes for 2018 than he would have under the old tax law. Yang benefited from provisions in Trump's tax law such as the lower rates, larger standard deduction and deduction for income from noncorporate businesses, N... Link to the full article to read more