Can you put salary requirements and salary history on a cover letter?

How should I list current salary/salary requirements in a cover letter?

• I'm applying for jobs in an industry in which I'm not currently employed (due to the lovely economy, I've been forced to work retail jobs for the past two years). Though I am very qualified for the positions I'm applying for and have the required experience, I'm currently WAY underpaid for my experience/qualifications. Several companies have been asking for current salary/salary requirements in the cover letters. I'm pretty confident in giving a salary range or simply saying that my salary requirements are negotiable...but how do I address the fact that my current salary is significantly less than it should be, without reflecting poorly on myself? Do I just ignore the current salary part? Or do I mention what my salary would be if I were working full-time at my current pay?

• Answer:

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