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Clinton paid 34.2% federal tax in last year

Clinton’s campaign also released 10 years of returns from running mate Tim Kaine and his wife, Anne Holton.

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The information, posted on the campaign website, shows that Ms Clinton paid a federal tax rate of 34.7 per cent and a local rate of 9 per cent in 2015.

Bill spent $500,000 in travel as part of the speaking portion of his business, Hillary had about $250,000 in travel expenses for her speaking business.

Given their long tenure in public service, the Clintons release their tax returns publically about as often as most people file their actual taxes.

Over the last decade, the couple has donated 7.5 per cent of their income to charity, the campaign said, and paid an effective tax rate of 25.6 per cent past year.

The Republican and Democratic candidates in the last nine presidential elections – since Ronald Reagan in 1980 – have released tax returns at least for the previous year, according to Politifact.

“Trump still needs to unify Republicans and better position himself among traditional GOP groups in order to make the contest competitive in these must-win states”, Lee was quoted as saying by The Wall Street Journal.

“Hillary wants to essentially abolish the second Amendment”, Trump said in the rally, referring to the US Constitution’s clause that enshrines the right of Americans to carry firearms and weapons.

Mr Trump has repeatedly declined to share his tax information, claiming that he is now undergoing an audit from the Internal Revenue Service.

USA presidential candidates customarily release their filings, though there is no legal requirement to do so.

The Clintons have disclosed tax returns for every year since 1977. “The Clinton Foundation has time and time again exposed itself as a culture of corruption, pay-to-play deals, and downright fraud”. The Clintons released their 2015 filings Friday afternoon.

Clinton today said Trump’s tax proposals would amount to “about a $4 billion gift to him and his family”.

Bitzer added that it is still early, and the numbers will likely even out before November, making North Carolina a true battlegroud state. They brought in $6.7 million from speeches, mostly his, and $3.1 million from book advances and royalties, nearly entirely hers.

Then-President Richard Nixon released his tax returns in 1973, starting an informal precedent.

Clinton’s strategy borrows from President Barack Obama’s winning playbook against Mitt Romney in 2012.

The Clintons’ relatively high effective federal tax rate is because a majority of their income comes from work, not investments.

The Clintons had a total income in 2015 of about $10.7 million.

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There have been also been questions about how much Trump has paid in taxes over the years, whether he in fact paid any federal taxes some years, and whether he has followed through on his charitable pledges.

Clinton commented on the controversy involving Trump- who said Tuesday that Second Amendment advocates could'maybe stop her from appointing judges who would curb their gun rights- during a rally in Des Moines