Socialist-backed Dem who ripped the wealthy cracks state’s top 1%, tax returns show
Michigan Senate candidate Abdul El-Sayed, who has been intensely critical of the wealthy while on the campaign trail, makes enough money to put him and his wife in the top 1% of households in his state.El-Sayed and his wife collectively earned $686,069 in 2025, according to recently released tax returns. To make it into the top 1% of earners in Michigan, households need to bring in just over $611,500, according to IRS data analyzed by Axios."For people who have accumulated so much wealth that your money makes money, at some point, we’re like, ‘well we can’t possibly tax them,’" El-Sayed said at an August 2025 campaign event.
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Michigan Senate candidate Abdul El-Sayed, who has been intensely critical of the wealthy while on the campaign trail, makes enough money to put him and his wife in the top 1% of households in his state.El-Sayed and his wife collectively earned $686,069 in 2025, according to recently released tax returns. To make it into the top 1% of earners in Michigan, households need to bring in just over $611,500, according to IRS data analyzed by Axios."For people who have accumulated so much wealth that your money makes money, at some point, we’re like, ‘well we can’t possibly tax them,’" El-Sayed said at an August 2025 campaign event. "If I told you how much wealth is held by the 300,000 most wealthy Americans in this country, it would blow your mind … so if we put a tax on wealth it would return a lot of that money back into public use."DEM SENATE HOPEFUL ABDUL EL-SAYED RECOUNTS SMASHING VODKA BOTTLE AFTER BEARD CRITICISMThe released return also lists $262,299 in capital gains, even as El-Sayed has criticized extreme wealth by arguing that some Americans have so much money that their "money makes money." The Senate hopeful, who reported owning two rental properties worth $750,000 in 2025, has also been critical of "greedy landlords."El-Sayed, however, has reserved most of his criticism for billionaires, a category that does not encompass his own level of wealth."So a lot of folks are like, ‘well, Abdul, you know, you just don’t want people to get rich.’ No! I don’t begrudge anyone their millions," El-Sayed said at a campaign event.
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- Michigan Senate candidate Abdul El-Sayed, who has been intensely critical of the wealthy while on the campaign trail, makes enough money to put him and his wife in the top 1% of households in his state.El-Sayed and his wife collectively earned $686,069 in 2025, according to recently released tax returns. To make it into the top 1% of earners in Michigan, households need to bring in just over $611,500, according to IRS data analyzed by Axios."For people who have accumulated so much wealth that your money makes money, at some point, we’re like, ‘well we can’t possibly tax them,’" El-Sayed said at an August 2025 campaign event.
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Socialist-backed Dem who ripped the wealthy cracks state’s top 1%, tax returns show
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