Hillary Clinton released her tax returns Friday.
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Hillary Clinton on Friday released her tax return for past year and criticized her opponent Donald Trump for failing to honor this tradition among American politicians running for president. In total, the Clinton’s gave almost 10 percent of their income to charity. Clinton and former president Bill Clinton have made their tax returns public every year dating back to 1977. Hillary Clinton earned nearly $1.5 million from speaking fees and another $3 million from a book deal. There are many reasons why Donald Trump won’t release his tax returns, but the common thread through them all is that his tax returns will reveal that Donald Trump’s presidential campaign is built on a mountain of lies.
Trump’s campaign chief, Paul Manafort, has said Trump likely won’t release his tax returns before the election in November.
“There are no rules against showing your tax returns and just let people ask us questions about the items that are on there”, said Buffett.
CNBC said the returns will show Clinton paid an effective tax rate of 35 percent and gave about 10 percent to charity.
She put out her most recent eight years of tax filings last summer, along with her health records. Their income was down sharply from $US28 million in 2014, when they paid an effective tax rate of more than 35%.
The Clintons made most of their money in 2015 from business income, namely consulting, speaking and book royalties, for a total of $10.1m between the couple.
‘In stark contrast, Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns’.
Their charitable contributions were $42,000 to the Desert Classic Charities and $1 million to the Clinton Family Foundation, a vehicle for charitable giving that is not related to the high-profile Bill, Hillary and Chelsea Clinton Foundation.
The Republican presidential nominee has said he’s facing an IRS audit and won’t make his returns public until it’s done.
The Clintons made a combined $10.6 million in 2015, paying an effective federal income tax rate of 34.2% – $3.24 million in federal taxes a year ago.
Kaine, the Virginia senator who’s spent much of his life in public service, reported a far lower income than the Clintons.
This speech is wonky and unflashy, but there’s a great moment (around the 37:00 mark) when she talks about Trump stiffing small businesses right before Clinton describes her father’s small business.
Trump’s running mate, Mike Pence, has yet to say if he will release his taxes, which he has not done as governor of Indiana.
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Clinton has sought to keep up the pressure on Trump over the issue for months.
