Democratic presidential nominee Hillary Clinton picked apart Donald Trump’s economic plan in a major speech today and detailed her own plans for USA trade and tax reform.
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The latest return, 40 pages long, showed the Clintons donated more than $US1 million, or almost 10% of their gross income, to charity.
Hillary Clinton released her personal tax return earlier today NZT, putting pressure on Donald Trump to do the same.
Trump has said he will not release his tax returns because they are under audit by the Internal Revenue Service, and his campaign responded to Clinton’s tax return release by raising questions about the 33,000 emails she deleted from her private server.
Releasing her returns throws a spotlight on Trump’s refusal to follow suit – and the common practice of most presidential nominees dating back to the 1970s.
So far, Trump has shared fewer details on his economic platform than Clinton, who said her platform amounted to “the largest investment in good-paying jobs since World War II”.
The tax release is part of an effort to undercut Trump’s character by questioning the NY businessman’s record.
Clinton’s running mate Tim Kaine also released his returns for the past 10 years on Friday. Both Clintons reported income from royalties and retirement plans and just over $84,000 in income from an investment in the Vanguard 500 Index mutual fund.
Trump – launching a broadside at Clinton over her husband’s signing of the North American Free Trade Agreement (NAFTA) in 1993, which Trump says cost American jobs – also took aim at one of his favorite targets: the media.
They donated 9.8 percent of their adjusted gross income to charity, mostly to the Clinton Foundation.
Clinton said Trump wants to help the wealthy by eliminating the estate tax while easing up on the financial industry. The Clintons paid 34.2 percent previous year – nearly twice that. But her substantial wealth has caused headaches.
The returns became a campaign issue after the documents showed he paid an effective tax rate of 14.1%, much lower than the typical rate for top earners. The couple;s income in 2014 was $28.3 million, more than cut in half in 2015 to $10.6 million – most of that brought in by Bill. She commanded her highest rate from EBay, which paid her $315,000 for a March 2015 address in San Jose.
The bulk of the Clintons’ income came from Bill Clinton’s speeches-he was paid $5.2 million in speaking fees in 2015.
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Hillary Clinton earned $1.5 million as a speaker and $3 million as an author in 2015. Several former students have sued a school operated by the company, alleging fraud. He was the most valuable player, ‘ Trump said, adding that Clinton also deserved the MVP award. On Friday, his office confirmed that Clinton also halted his business dealings with GEMS Education a year ago.
