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Clinton, Kaine Release Tax Records
Kaine also released his returns dating to 2006, while the Clintons released all of their annual tax returns going back to 1977.
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The Clintons overpaid the Treasury and got a refund of more than $1 million. It is not the same organization as the better-known Clinton Foundation.
Trump has said he will not release taxes until an IRS audit is completed. All major US presidential candidates in modern history have released their returns.
No, this was about Donald Trump. The top-line numbers: Hillary and Bill Clinton earned a combined $10.6 million a year ago, roughly $6 million of which came from speaking fees paid by corporations and other organizations.
But aside from their earnings, the latest showing by the Democratic candidates was meant to put a spotlight on Trump’s failure to release his returns. The Times report said Trump may have taken advantage of tax credits for developers that would bring his total taxable income to $0 – meaning he would pay less than middle-class and low-income families.
But the 104-page document he released only paints a partial picture of his finances and do not include his tax rate or his charitable giving as well as other pertinent financial information.
Like Donald Trump earlier this week, Hillary Clinton went to MI to convince middle-class voters that her economic plan would bring them better jobs, higher wages and an economic vitality that even eight years after the recession eludes so many.
She also promised to create jobs across multiple industries support unions, small businesses and renewable energy, as well as raising taxes on wealthy individuals and corporations shipping jobs and operations overseas.
Since then, the campaign doubled down on that position, saying in late July that Trump wouldn’t release his returns until after Election Day.
The 2015 return also showed the Clintons forked over $3.2 million in federal income taxes, which is an effective tax rate of about 34 percent.
The Kaines between 2006 and 2015 paid a combined federal, state and local effective tax rate between 18.7 percent and 29.1 percent. Kaine, the Virginia senator, and his wife, Anne Holton, reported income of $US313,441 for 2015. The couple earned more than $10m in 2015, the documents say.
The former U.S. president said Mrs Clinton should have known that there would be a different set of rules applied to her if she ran for the White House. A spokesman for the governor’s office referred all tax-related questions to his vice presidential campaign.
Clinton has tried to paint Trump has an out-of-touch business mogul but her substantial wealth has caused headaches. Their income came from sources that included the couple’s books and speeches as well as Bill Clinton’s consulting work.
In 2015, the Clintons made $1 million in charitable contributions, mostly to the Clinton Foundation; former President Bill Clinton brought in almost $5.3 million in speaking fees; and the former secretary of state reported income of $3 million from publisher Simon & Schuster for her book on her tenure at the State Department.
Hillary Clinton clearly dialed back her paid speaking activity previous year. Laureate Education paid him $1 million in 2015, for a total of $17.4 million since 2010, when Laureate’s chairman first engaged him.
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Like millions of Americans, the Clintons overpaid their tax bill past year. Several former students have sued a school operated by the company, alleging fraud.