Another former Ronald Reagan official Friday has endorsed Hillary ClintonHillary Rodham ClintonTrump camp: Clinton tax returns a “distraction” from larger scandal Gloria Steinem: Gender hurts Clinton’s approval rating Third-party candidate McMullin: “Trump is a bigot” MORE over Donald TrumpDonald TrumpWATCH LIVE: Trump campaigns in Pa.
Advertisement
Kaine, on the other hand, will release the last 10 years of his own tax returns.
The filing shows that the Clintons paid a federal tax rate of 34.2 percent in 2015. Bill Clinton earned $10 million from speeches and $4 million in book sales that year, but their combined income dropped to $5.5 million in 2008.
Clinton’s running mate, Senator Tim Kaine and his wife, Anne Holton, released the last ten years of their income taxes, which showed they paid effective federal, state and local tax rates that ranged from 18.7% to 29.1%.
The Clintons donated 9.8 percent of the adjusted gross income to charity.
“Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns”, said communications director Jennifer Palmieri. “What is he trying to hide?”. Their 2015 return was released today by the Clinton campaign, nearly five months after they signed it for filing.
For most people earning $20 million or more per year, much of their income usually comes from investments, which are taxed at a lower rate than labor income and provide more room for legally dodging taxes, such as the use of offshore accounts.
On Fox News, Trump pointed to Spicer’s tweet and a press release from the RNC that said the storylines were false, adding that it wouldn’t be an issue if they were true.
Some recent polls suggest Clinton could also benefit from Republican-leaning voters deciding to stay home rather than come out to support Trump. “I’m the one raising the money for them”, Trump said.
The video includes 2012 Republican nominee Mitt Romney, Senate Majority Leader Mitch McConnell and Texas Sen. The Clintons made about 90 times more, reporting almost $28 million for the same year. But they still pay a far larger portion of their income to Uncle Sam than most other millionaires. He delivered 43 speeches, for which he was paid fees ranging from $100,000 to $750,000.
The Clintons earned $21 million in 2007, as Hillary Clinton, then a USA senator, was running for president.
Advertisement
Bill Clinton’s office previously said he had ended his consulting work with Laureate past year.
