U.S. Democratic presidential candidate Hillary Clinton paid an effective federal tax rate of 34.2 per cent a year ago and a combined federal, state and local effective tax rate of 43.2 per cent, her campaign said on Friday.
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Hillary Clinton has opened up commanding leads over Donald Trump in several critical battleground states, including North Carolina and Colorado, according to a new poll Friday.
They also show she and her husband, former president Bill Clinton, had $27.9m in 2014, which reduced to $10.6m the following year as she prepared her run for the White House. They paid an effective tax rate – federal and state – of 43 percent.
“Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns”, said communications director Jennifer Palmieri.
Trump has so far refused to release his tax returns, claiming he can’t do it while he’s under audit by the IRS.
Mr Trump, who has released a self-reported financial disclosure form, said he will not make his tax returns public until the Internal Revenue Service completes audits of them.
The Clintons’ main sources of income were Bill Clinton’s paid speeches, to the tune of $5.2 million, and a payment to Hillary Clinton from the publisher of her last book, Simon & Schuster, for $3 million.
Tech issues went largely ignored when US presidential candidates Donald Trump and Hillary Clinton laid out their economics plans in speeches this week. In 2015, the couple made an adjusted gross income of $10.6 million.
What’s in Donald Trump’s tax returns? “What is he trying to hide?”.
Democrats believe Trump’s returns could be a treasure trove of politically damaging information, including his low tax rate, minimal charitable giving, and business dealings with foreign governments.
But with three months until Election Day, Clinton aides say they see more advantages than liabilities as Trump continues to venture into the politically unimaginable. He gave a speech from a teleprompter on the economy on Monday, but within a day or two, he’s back to suggesting either the gun rights supporters, quote, “could do something about Hillary Clinton after she becomes president”.
The Clintons made about 90 times more, reporting almost $28 million for the same year.
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Meanwhile, Trump talked about rejuvenating the US coal and steel industries but made no mention of IT. Clinton is “the candidate of the past”, he said. Her fees varied, but she earned as much as $315,000 for speaking to eBay in San Jose on March 11; she also collected $325,000 for speaking to the technology company Cisco in Las Vegas in August. Tim Kaine, D-Va., and his wife released 10 years of returns, showing they had an effective federal tax rate ranging between 13.4 percent and 24 percent over that span.
